Eugene Melnyk

Quick Facts

Full Name	Eugene Melnyk
Occupation	Chief Executive Officer
Date Of Birth	May 27, 1959(1959-05-27)
Age	65
Birthplace	Toronto
Country	Canada
Birth City	Ontario
Horoscope	Taurus

Eugene Melnyk Biography

Eugene Melnyk is one of the most popular and richest Chief Executive Officer who was born on May 27, 1959 in Toronto, Ontario, Canada. Melnyk was born in Toronto, Ontario, on May 27, 1959 as a person of Ukrainian descent. He has been a resident of Barbados as a well-known tax haven since the year 1991.

In 2003, about the same time Melnyk purchased Ottawa Senators, around the same time he purchased Ottawa Senators, Melnyk erroneously informed investors that a narcotic shipment destroyed by an accident on a truck was the reason for the revenue deficit. This caused a hearing at the Ontario Securities Commission, who regulate and enforce the securities laws in Ontario. A lawyer representing Biovail stated the claim that Melnyk “unknowingly” divulged this false as well as “somewhat imperfect” information. He said regulators were basing their entire argument against Melnyk on the evidence that was taken in a different context.

On September 16, 2008, Melnyk proposed plans for an Ottawa Major League Soccer professional soccer team, and a new soccer-specific Ottawa Soccer Stadium but could not obtain support from Ottawa’s municipal Council. Instead, the Mayor and Council chose a different site for the Canadian Football League’s Ottawa Redblacks franchise.

In March, 2008, the United States Securities and Exchange Commission (SEC) sued Melnyk and Biovail for accounting fraud. The SEC press release claims that Melnyk and other executives “repeatedly overstated earnings and hid losses in order to deceive investors and create the appearance of achieving earnings goals. When it ultimately became impossible to continue concealing the company’s inability to meet its own earnings guidance, Biovail actively misled investors and analysts about the reasons for the company’s poor performance.” Biovail settled for $10 million US.

On the 26th of August on 2003 Melnyk acquired his Ottawa Senators NHL franchise as well as their arena, at the time named The Corel Centre. At the time, the team was struggling financially and facing uncertain prospects in Ottawa and was acquired at a cost of $92 million.

Eugene Melnyk Net Worth

Eugene Melnyk is one of the richest Chief Executive Officer from Canada. According to our analysis, Wikipedia, Forbes & Business Insider, Eugene Melnyk 's net worth $5 Million. (Last Update: December 11, 2023)

Eugene Melnyk (born May 27 1959) is a Canadian businessman, who has been living at Barbados since February of 1991. Melnyk is the present and sole owner of the franchise, as well as the governor as well as chairman for the Ottawa Senators professional ice hockey franchise of the National Hockey League (NHL). He was the former chairman, founder and the CEO of Biovail Corporation which was acquired by Valeant Pharmaceuticals. Canadian Business magazine ranked Melnyk at 79th place with the sum of $1.21 billion on its list of the 100 most wealthy individuals. Melnyk is also among the wealthiest inhabitants of Barbados and is often described as”the “Worst Sports Franchise Owner in North America”.

in 1982 Melnyk created the medical publication company Trimel Corporation, which was transferred by the Thomson Corporation in 1989. Thomson Publications (part of The Thomson Corporation) in 1989. Melnyk was then able to establish Biovail Corporation which is a specialist pharmaceutical firm, in the year 1989. As CEO and chairman of Biovail the company’s revenues increased by $19 million from 1995, to $1.067 billion in 2006. One of Biovail’s methods was to find products that were patent-expired that they could then remake using Biovail’s proprietary techniques. One example was the creation of medicines with controlled-release characteristics which allowed patients to use the drug only once a day instead of a number of times.

Melnyk left Biovail on June 30, 2007 following news that the United States Securities and Exchange Commission planned to take legal action against him over “trading and reporting ownership positions in Biovail securities.”

Height, Weight & Body Measurements

Eugene Melnyk height Not available right now. Eugene weight Not Known & body measurements will update soon.

Who is Eugene Melnyk Dating?

According to our records, Eugene Melnyk is possibily single & has not been previously engaged. As of December 1, 2023, Eugene Melnyk’s is not dating anyone.

Relationships Record : We have no records of past relationships for Eugene Melnyk. You may help us to build the dating records for Eugene Melnyk!

In 2015, Melnyk underwent a liver transplant at a hospital in Toronto. Given his status as a permanent resident of Barbados, questions were raised regarding eligibility rules, as the Ontario Health Insurance Plan requires patients to make their primary residence in Ontario and spend at least 153 days in any one-year period to maintain their coverage. Some observers questioned how Melnyk, a permanent resident of a foreign country, could be eligible to receive the transplant. Citing privacy laws, the hospital would not discuss personal health information beyond discussing the transplant and the patient’s recovery.

Facts & Trivia

Eugene Ranked on the list of most popular Chief Executive Officer. Also ranked in the elit list of famous people born in Canada. Eugene Melnyk celebrates birthday on May 27 of every year.

In July 2019, Melnyk was sued by Connecticut casino Mohegan Sun for more than US$900,000. According to court documents, Melnyk attempted to pay the casino with five bank drafts totaling $900,000 following a 2017 St. Patrick’s Day gambling spree. The first draft was issued on March 17, 2017, while four more were issued the ensuing Sunday, three within one hour of one another. The first four drafts were for $200,000 each and the last one was for $100,000. The drafts were subsequently “dishonoured” by the bank. Mohegan Sun management was forced to initiate legal proceedings against Melnyk to recoup that money, plus an additional $15,000 in damages, costs and interest.

What company did Eugene Melnyk own?

Eugene is the Founder, former Chairman and CEO of Biovail Corp. , what was once Canada’s largest publicly traded pharmaceutical company. He retired as Biovail’s Chairman in 2007 when the company was acquired by Valeant Pharmaceuticals. The company is now known as Bausch Healthcare.

What is Eugene Melnyk's net worth?

Eugene Melnyk
Education| St. Michael’s College School
Occupation| Businessman, sports franchise owner

How old is Eugene Melnyk?

62 years (1959–2022)

How much are the Ottawa Senators worth?

This graph depicts the value of the Ottawa Senators franchise of the National Hockey League from 2006 to 2021. In 2021, the franchise had an estimated value of 525 million U.S. dollars.

What happened to Eugene Melnyk?

Ottawa Senators owner Eugene Melnyk has died at the age of 62 , the team announced Monday. “It is with great sadness that the family of Eugene Melnyk and the Ottawa Senators hockey organization announce his passing on March 28, 2022 after an illness he faced with determination and courage,” the Senators said.