Most Powerful People

Canada’s Most Powerful Business People 2016: #16 — Bruce Flatt

Wields a massive portfolio

Bruce Flatt, CEO, Brookfield Asset Management
(Brett Gundlock/Reuters)

#16: Bruce Flatt

CEO, Brookfield Asset Management

Why he matters: Wields a massive portfolio

Canada’s Richest People rank: #88

Bruce Flatt commands a massive empire that includes 350 million square feet of commercial space, renewable power projects, pipelines and timberlands. He can tap an extensive network to keep tabs on assets coming up for sale. Brookfield’s board is stacked with well-connected people, including Frank McKenna and Marcel Coutu. Flatt’s strategy is to invest when others are running for cover. The plunge in oil prices would appear to be a perfect environment for him. Indeed, the value of Brookfield’s portfolio swelled to more than $200 billion this year—briefly surpassing the CPPIB.

More of Canada’s Most Powerful Business People:

▲ #15 Karen McKibbin
▼ #17 Angela Strange