Lorne Abony
- January 8, 2024
- Lawyer
Quick Facts
Lorne Abony Biography
| Name | Lorne Abony |
| Birthday | Aug 26 |
| Birth Year | 1969 |
| Home Town | Toronto |
| Birth Country | Canada |
| Birth Sign | Leo |
| Spouse | Wendy Abony |
Lorne Abony is one of the most popular and richest Lawyer who was born on August 26, 1969 in Toronto, Canada. Lorne Abony, born August 26, 1969, is a Canadian businessman and the CEO of FastForward Innovations, Ltd, which is a venture capital company.
After raising C$1.8 million from their initial investors, Abony and Andrew Rivkin co-founded Columbia Exchange Systems Software PLC in 2002. The company was later renamed FUN Technology and Abony was the CEO and largest shareholder. FUN had an IPO on London Stock Exchange in 2003 that raised over $11 million. FUN listed its shares on TSX shortly after and raised $56 million from a number of investors, including AGF Management, Fidelity Investments and the Ontario Teachers Pension Fund. FUN was one of the most rapidly growing companies on TSX. It raised more than $160 million in equity financing in just five years. FUN and its subsidiaries purchased seven businesses during Abony’s tenure as CEO. These included SkillJam Technologies Corporation and Don Best Sports. Octopi Inc., Teagames and WorldWinner Inc. were also acquired by FUN.
Abony earned an MBA from Columbia Business School, an LL.B/J.D. from the International Law Center at the University of Windsor and a B.A. from McGill University. He is a recipient of Canada’s Top 40 Under 40 award and an Ambassador for the Province of New Brunswick and in 2006 was a recipient of the University of Windsor’s Odyssey award.
Abony was part of the private equity syndicate that acquired Der Grüne Punkt (The Green Dot) “DSD” from Kohlberg Kravis Roberts in 2011. Abony sits on the board of DSD and is one of its largest shareholders. DSD was founded in 1990 and was the first company to introduce a dual take-back system in Germany, in response to the Packaging Ordinance & Waste Act. The Green Dot is the license symbol of a European network of industry-funded systems for recycling the packaging materials of consumer goods. The logo is trademark protected worldwide. DSD employs 247 people in Germany, and is considered the largest dual take-back systems provider in Europe. In 2009, DSD recovered approximately 2.75 million tons of sales packaging, saved 60 billion megajoules of energy and reduced CO2 emissions (and its equivalents) by 1.5 million tons. According to Reuters, DSD a former non-profit organization, had 2009 sales of 684 million euros.
Abony was the former CEO at Mood Media Corporation. This public company is listed on both the Toronto Stock Exchange (TSX) and the London Stock Exchange. In 2001, he co-founded FUN Technologies. He was also the CEO of FUN in 2004, making him the youngest CEO of a publicly traded company on the Toronto Stock Exchange (TSX). Abony is also a former member of ATP’s Competition Committee.
Lorne Abony Net Worth
| Net Worth | $5 Million |
| Source Of Income | Lawyer |
| House | Living in own house. |
Lorne Abony is one of the richest Lawyer from Canada. According to our analysis, Wikipedia, Forbes & Business Insider, Lorne Abony 's net worth $5 Million. (Last Update: December 11, 2023)
Abony was raised and born in Toronto. Abony graduated from the University of Windsor’s law school in 1994. He then worked as a corporate and securities lawyer at Toronto’s Aird & Berlis. Abony is the founder and CEO of a number successful ventures and has raised more than C$1.3 billion via public and private equity markets.
Abony was the founder and first president of Paw.net, an online pet-supply company based in San Francisco. In two years, the company was renamed Petopia.com and grew to 200 employees. It also raised more than $114 million in financing. Petopia.com was eventually sold to Petco, in 2001.
The Meridian, Colorado-based Liberty Media acquired a majority interest in FUN Technologies stock in 2005. Liberty Media purchased the rest of FUN Technologies in late 2007. The company was valued at nearly C$500 million at the time of its final sale to Liberty Media.
Height, Weight & Body Measurements
Lorne Abony height Not available right now. Lorne weight Not Known & body measurements will update soon.
Who is Lorne Abony Dating?
According to our records, Lorne Abony married to Wendy Abony. As of December 1, 2023, Lorne Abony’s is not dating anyone.
Relationships Record : We have no records of past relationships for Lorne Abony. You may help us to build the dating records for Lorne Abony!
In June 2014, Abony and doubles partner Robert Kendrick won the USTA National Indoor Championship in the men’s over 35 category.
Facts & Trivia
Lorne Ranked on the list of most popular Lawyer. Also ranked in the elit list of famous people born in Canada. Lorne Abony celebrates birthday on August 26 of every year.
Abony was named CEO of FastForward Innovations, Ltd. on January 27, 2016.
Top Facts about Lorne Abony
- Lorne Abony is a Canadian businessman and entrepreneur.
- He is currently the CEO of FastForward Innovations, Ltd.
- Abony has founded and led several successful companies.
- He was named Ernst & Young’s Entrepreneur of the Year in 2008.
- Abony has raised over $6 billion in capital for his ventures.
- He has been involved in industries such as gaming, media, and technology.
- Abony co-founded FUN Technologies, which sold for $500 million.
- He also co-founded Mood Media Corporation, a global in-store media provider.
- Abony holds a law degree from the University of Toronto.
- He is known for his philanthropic efforts through the Lorne Abony Family Foundation.
What is Lorne Abony doing now?
Lorne Abony (born August 26, 1969) is a Canadian businessman, currently the CEO of FastForward Innovations, Ltd , a venture capital firm.
Why did Lorne leave Mood Media?
Mood Media said its Chairman and CEO Lorne Abony is stepping down from both positions to pursue other opportunities. Philippe von Stauffenberg, non- executive Vice Chairman of the Board since July 2010, has been elected Chairman, also effective immediately.
Who is the owner of Mood Media?
Malcolm Mcroberts (Jan 7, 2021–)
Is Lorne Abony married?
Wendy Abony
Is Mood Media still in business?
In July 2020, Mood Media filed for bankruptcy , with the COVID-19 pandemic a major reason for its financial problems. The company emerged from bankruptcy in less than 24 hours due to the agreement of all stakeholders, strong strategic plan, and stable team.