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Elly Reisman

Elly Reisman

E. Reisman
0% | + $0.00M
$1.41 B ₹ 12,920 Cr
Real Time Net Worth #2639 Ranking as of 01 Mar 2026 By Forbes

More on Elly Reisman

Gender

Male

Age

76Y

Country

Canada

Born On

January, 1950

Deceased

No

Relationship Status

Unknown

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Real Estate)

Primary Organization

Great Gulf

Titles

Partner

Sources of Wealth

Great Gulf

Industry

Real Estate, Construction

About Elly Reisman


E lly Reisman is a Canadian real estate developer who built his fortune as a key partner in Great Gulf, one of Canada's largest and most successful homebuilding and real estate development companies. The company was founded by his partners, the Geriatric brothers. Reisman was instrumental in the company's growth and operations for many years.

Great Gulf is a major developer of a wide range of properties, from single-family homes and master-planned communities to high-rise luxury condominiums in cities like Toronto and across North America. Reisman served as a president and partner at the company, helping to steer its expansion and its most ambitious projects. His wealth is derived from his long and successful career building this privately held real estate giant.

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Quick Reads


  • A key partner in the Canadian real estate developer Great Gulf.
  • The company is one of the largest homebuilders in Canada.
  • He served as a president and partner, helping to lead the company's growth.
  • Great Gulf develops both low-rise communities and high-rise condominiums.
  • His fortune comes from his stake in the private development firm.

Early Life and Background


Elly Reisman is a Canadian businessman, the self-made billionaire co-founder and Chairman of Great Gulf Homes, one of North America's largest and most successful homebuilding and residential real estate developers. Born in 1950, his career is rooted in the construction and property development sector of Toronto.

Reisman co-founded Great Gulf Homes with his brother in 1975, recognizing the immense, long-term structural demand for high-quality, mass-market residential housing in the rapidly expanding urban centers of North America. His career is defined by an unwavering commitment to quality construction, architectural excellence, and large-scale residential development.

Career Journey of Elly Reisman


Elly Reisman's strategic vision guided Great Gulf Homes to build more than 80,000 homes across North America. His commitment to architectural excellence led the company to undertake complex, high-profile urban projects, notably the iconic One Bloor tower in Toronto, which reshaped the city's skyline. The company's success is built on a vertically integrated model encompassing design, construction, and sales.

He transitioned to Chairman of Great Gulf Homes and maintains a role as a major shareholder in the U.S.-based home builder, Ashton Woods Homes, further diversifying the family's assets across the North American housing market. His wealth is secured by the colossal, long-term appreciation of real estate assets and the stable, high-volume demand for quality residential development in Canada and the U.S.

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Elly Reisman's Timeline


1975:

Co-founds Great Gulf Homes with his brother (Founding).

Ongoing:

Great Gulf builds over 80,000 homes across North America (Growth Milestone).

Ongoing:

The company develops the iconic One Bloor tower in Toronto (Architectural Milestone).

Ongoing:

Acquires a major stake in the U.S. home builder Ashton Woods Homes (Strategic Diversification).

Ongoing:

Continues as Chairman of Great Gulf Homes (Executive Leadership).

Major Business Ventures and Investments


Elly Reisman's wealth is concentrated in his founding and continued leadership of the private real estate giant, Great Gulf Homes, and his stake in U.S. homebuilding.

  • Great Gulf Homes (Co-founder & Chairman): The core private asset, a dominant homebuilder and residential developer in North America, responsible for over 80,000 homes and iconic urban towers (e.g., One Bloor tower).
  • Ashton Woods Homes (Major Shareholder): His significant stake in this U.S.-based home builder (operating in Atlanta, Phoenix, Raleigh, etc.) provides geographical diversification.
  • Luxury Assets: His personal assets include investments in luxury properties and superyachts (e.g., the yacht ENTOURAGE).
  • Investment Strategy: His philosophy emphasizes quality construction and long-term asset hold in residential real estate.

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Philanthropy and Social Impact


Elly Reisman's social impact is structural, stemming from Great Gulf Homes' role in providing essential housing for tens of thousands of families across North America. The company provides thousands of stable jobs in the construction and real estate sectors.

His personal philanthropy supports various community and educational initiatives. His career is a testament to the profitability of identifying and dominating the high-volume, long-term demand for residential housing and his commitment to architectural excellence in urban development.

Fashion, Style, and Lifestyle


Elly Reisman maintains the professional, refined style of a Canadian real estate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic is one of stability and composed authority, reflecting his decades of leadership in the essential housing sector.

Residing in Toronto, Canada, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to the stewardship of his family's homebuilding legacy and his passion for architectural excellence.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He co-founded Great Gulf Homes, which has built more than 80,000 homes across North America.
  • The company built the iconic One Bloor tower in Toronto.
  • He is a major shareholder in the U.S. home builder Ashton Woods Homes.
  • He and his brother founded the company in 1975.
  • His wife, Dragana Maznic, is a successful interior designer.
  • He has publicly discussed his struggles with depression since 2011.
  • The company's success is tied to vertical integration in the residential development sector.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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