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For the fiscal year 2018, Brookfield Asset Management reported earnings of US$3.584 billion, with an annual revenue of $56.771 billion, an increase of 39.2% over the previous fiscal cycle. Brookfield Asset Management's shares traded at over $38 per share, and its market capitalization was valued at over $40.8 billion in November 2018. [61]
Bruce Flatt (born June 10, 1965) [1] is a Canadian businessman and the CEO of Brookfield Asset Management.He joined Brookfield in 1990 and became CEO in 2002. [2] He has been referred to as "Canada's Warren Buffett" due to his "value" investment style, extended tenure as CEO, and large investment in Brookfield. [3]
Brookfield Property Partners is now the sole owner of all of the issued and outstanding common shares of BPO. [23] In January 2016, Brookfield Properties purchased KIC, along with KIC's Berlin office. [24] In 2016, Brookfield Asset Management, which owned 33 percent of Rouse Properties, made an unsolicited offer to purchase the rest of the company.
In 2013, Johnson Controls and Brookfield Asset Management formed a similar joint venture in Australia and New Zealand. [6] In 2007, Brookfield Asset Management acquired the Multiplex, an Australian international construction contracting company [7] founded in 1962 by John Roberts, [8] which was valued at that time at approximately A$7.3 billion ...
There's going to be good times and bad times over the next decade, but Brookfield Asset Management will do okay either way.
Until a spin-off in January 2008, Brookfield Infrastructure was an operating unit of Brookfield Asset Management, which retains a 30 percent ownership and acts as the partnership's general manager. [3] The company's assets carried a book value of US$21.3 billion, on December 31, 2016. [4]
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Brookfield Business Partners is led by Chief Executive Officer Anuj Ranjan who joined Brookfield Asset Management in 2006, and leads its global private equity group, and is a managing partner of the parent company. [4] [5] Cyrus Madon, who joined Brookfield in 1998, is executive chairman. [6] [7] [8]