Explore Jim Balsillie net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is Jim Balsillie? Who is Jim Balsillie dating now & how much money does Jim Balsillie have?
Jim Balsillie Biography
Jim Balsillie is one of the most popular and richest Canadian businessman who was born on February 3, 1961 in Seaforth, England, United Kingdom. James Laurence Balsillie (born February 3rd 1961) is a Canadian businessman, philanthropist, and co-CEO of Research In Motion, a Canadian firm Research In Motion (RIM, “BlackBerry”).
Balsillie is involved with three different attempts to purchase the National Hockey League franchise with the explicit intent of moving the franchise into Hamilton, Ontario.On the 5th of October in the 5th of October, Balsillie offered to buy the Pittsburgh Penguins franchise for US$185 million from former player Mario Lemieux and his partners.On the 15th of December in 2006, Balsillie pulled his proposal to purchase the team following a notice of NHL director Gary Bettman that the league would negotiate the arena agreement on his behalf . The league also requested to be able to purchase the team in the event of need.
On May 23, 2007, it was announced that Balsillie had reached a tentative agreement to buy the Nashville Predators from Craig Leipold. On June 28, 2007, CBC.ca reported that Leipold had decided not to sign a binding agreement with Balsillie. Though Basillie offered lip service that he would keep the team in Nashville, he reactivated a deal to become the primary tenant of Copps Coliseum in Hamilton and was already selling season tickets in the latter city, which influenced the decision to deny Basillie the Predators.
On March 5, 2007, Balsillie resigned his role as chairman of RIM as the firm reported over US$250 million in past stock option accounting errors after an extensive review. He retained his roles as co-chief executive and director. On May 17, 2007, RIM announced that “Consistent with current best practices in corporate governance, the roles of Chairman and CEO have been separated.”.
He was awarded the honor of a PhD in accounting from Wilfrid Laurier University.The year 2003 was the time he received the honor of being elected to be a Fellow of the Institute of Chartered Accountants of Ontario (FCA).
| Name | Jim Balsillie |
| First Name | Jim |
| Last Name | Balsillie |
| Occupation | Canadian Businessman |
| Birthday | February 3 |
| Birth Year | 1961 |
| Place of Birth | Seaforth |
| Home Town | England |
| Birth Country | United Kingdom |
| Birth Sign | Aquarius |
| Full/Birth Name | |
| Father | Not Available |
| Mother | Not Available |
| Siblings | Not Available |
| Spouse | Heidi Balsillie |
| Children(s) | Not Available |
Ethnicity, religion & political views
Many peoples want to know what is Jim Balsillie ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Jim Balsillie's ethnicity is Not Known. We will update Jim Balsillie's religion & political views in this article. Please check the article again after few days.
On May 5, 2009, Balsillie made an offer of $212.5 million to purchase the Phoenix Coyotes following the team’s filing for bankruptcy protection in Arizona. In a press release from Toronto, Ontario, the offer to purchase was described as conditional on relocation to Southern Ontario. At the request of then-owner, Jerry Moyes, Balsillie agreed to post debtor-in-possession financing of US$17.0 million to allow the Coyotes to operate in advance of a restructuring or a sale. A few hours later, the NHL, citing a proxy agreement signed by Moyes, removed him from all decision making regarding the future of the Coyotes. On June 15, 2009, Judge Redfield T. Baum rejected Balsillie’s bid to purchase the Coyotes from the bankruptcy trustee. Judge Baum’s ruling stated that he did not have the power to force the team to move and that Balsillie’s June 29 deadline did not give the court enough time to resolve all the issues in the case. On September 30, 2009, Balsillie’s bid was again rejected by Judge Baum, who also rejected the NHL’s bid. Balsille’s bid was rejected “with prejudice,” preventing him from making another bid for the Coyotes. Balsillie did not appeal the ruling.
Jim Balsillie Net Worth
Jim Balsillie is one of the richest Canadian Businessman from United Kingdom. According to our analysis, Wikipedia, Forbes & Business Insider, Jim Balsillie's net worth $800 million (2011). (Last Update: December 11, 2023)
Balsillie was the son of an Ontario Hydro electrician in Seaforth, Ontario.He grew up within Peterborough, Ontario, where his family moved to Canada in the year 1966.He was a student at Peterborough Collegiate and Vocational School.He graduated with the bachelor of Commerce degree from Trinity College at the University of Toronto in 1984. There, he was also part of the prestigious Zeta Psi fraternity.He was awarded the MBA at Harvard Business School in 1989.
Balsillie was employed to work for Mike Lazaridis in 1992, at the time Research In Motion (RIM) which was an early company in technology for handheld phones had 14 employees.RIM was later to turn into an “international powerhouse” called BlackBerry Limited and boast around 18,000 employees.Both men gained through this partnership Lazaridis focusing on the technical aspects while Balsillie took care of the sales and accounting final aspects.
In 2007, Balsillie donated $50 million to the University of Waterloo, Wilfrid Laurier University and the Centre for International Governance Innovation as part of a $100 million initiative to create the Balsillie School of International Affairs.
| Net Worth | $800 million (2011) |
| Salary | Under Review |
| Source of Income | Canadian businessman |
| Cars | Not Available |
| House | Living in own house. |
In February 2009, as part of the penalties and sanctions approved by the OSC in settling the improper option practices, which the OSC called a “fundamental failure of governance”, Balsillie was forced to resign as a director of RIM. In May 2010, almost immediately after the OSC sanctions expired, Balsillie was reappointed to the board, in spite of strong shareholder objections, and notwithstanding RIM’s earlier public representations that the roles of Chairman and CEO were separated.
One publication blamed on “managerial gridlock” and deteriorating product quality BlackBerry’s fall from grace in the years from 2010 to 2013 and beyond.
Height, Weight & Body Measurements
Jim Balsillie height Not available right now. Jim weight Not Known & body measurements will update soon.
| Height | Unknown |
| Weight | Not Known |
| Body Measurements | Under Review |
| Eye Color | Not Available |
| Hair Color | Not Available |
| Feet/Shoe Size | Not Available |
In June 2007, Apple brought to market the first reliable touchscreen smartphone, while Steve Ballmer of Microsoft discarded the idea, while Barack Obama professed his love for his BlackBerry. BlackBerry would not have a reliable touch-screen smartphone until after Balsillie’s departure from the executive suite.
It was rumored that Balsillie made an unnamed bid to purchase the Buffalo Sabres during their sale in 2011 to Terry Pegula, but this has never been confirmed.
Who is Jim Balsillie Dating?
According to our records, Jim Balsillie married to Heidi Balsillie. As of December 1, 2023, Jim Balsillie’s is not dating anyone.
Relationships Record: We have no records of past relationships for Jim Balsillie. You may help us to build the dating records for Jim Balsillie!BlackBerry lost its market dominance to Google’s Android technology in 2010, when the operating system of the machine was a decade old and in need of an update.
Facts & Trivia
Jim Ranked on the list of most popular Canadian businessman. Also ranked in the elit list of famous people born in United Kingdom. Jim Balsillie celebrates birthday on February 3 of every year.
At the end of 2011, Balsillie held in the company 5.1% of the outstanding shares. This ranked him third. But that June, BlackBerry cut 2,000 employees, or 11% of its global workforce, and the joint CEOs reduced their pay to $1. The share value had tumbled from $137.41 in 2008 to $14.80 at the end of 2011. By then, the iPhone from Apple had launched and cornered the apps market, and some investors called for resignations from the executive suite.
Where is Jim Balsillie now?
He is the founder of the Balsillie School of International Affairs at the University of Waterloo, the Centre for International Governance and Innovation (CIGI) think tank, and serves as Chair of the Canadian Council of Innovators.
When did Jim Balsillie join Rim?
A chartered accountant by training, Balsillie joined RIM in 1992 as chairman and co-CEO. He’s the financial brains behind the company, while Mike Lazaridis, who co-founded the company in the mid-1980s, handles the technical side of the business as co-CEO and president.
What does Mike Lazaridis do now?
Mike is the Founder and Board Chair of the Perimeter Institute for Theoretical Physics and the Institute for Quantum Computing at the University of Waterloo, both of which are transforming physics research and education in Canada and beyond.
Who is the founder of RIM?
Founders
Who started BlackBerry?
Founders
You may read full biography about Jim Balsillie from Wikipedia.ncG1vNJzZmiZnKGzornOrqqboaKptaWt2GeaqKVfn7auecGao6yhnKG2pns%3D
