Kevin O'Leary (other)
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Terrence Thomas Kevin O'Leary (born July 9, 1954), also known as Mr. Wonderful, is an Emirati-Canadian businessman and television personality. From 2004 to 2014, he appeared on various Canadian television shows, including the business news programs ''SqueezePlay'' and ''
The Lang and O'Leary Exchange ''The Exchange'' was a Canadian business news television series which aired weekdays on CBC News Network, with an overnight rebroadcast on CBC Television, from October 26, 2009 to September 9, 2016. The show originally launched as ''The Lang an ...
'', as well as the Canadian
reality television Reality television is a genre of television programming that documents purportedly unscripted real-life situations, often starring ordinary people rather than professional actors. Reality television emerged as a distinct genre in the early 1990s ...
shows ''
Dragons' Den ''Dragons' Den'' is a reality television program format in which entrepreneurs pitch their business ideas to a panel of venture capitalists in the hope of securing investment finance from them. The program originated in 2001 in Japan, where it ...
'' and '' Redemption Inc.'' In 2008, he appeared on
Discovery Channel Discovery Channel, known as The Discovery Channel from 1985 to 1995, and often referred to as simply Discovery, is an American cable channel that is best known for its ongoing reality television shows and promotion of pseudoscience. It init ...
's ''
Project Earth ''Project Earth'' is a 2008 reality TV series, hosted by Kevin O'Leary, Jennifer L. Languell, Basil Singer and Mocean Melvin, on the Discovery Channel in which several groups of scientists experiment with radical ideas to slow and/or stop global ...
''. Since 2009, he has appeared on ''
Shark Tank ''Shark Tank'' is an American business Reality television#Investments, reality television series that premiered on August 9, 2009, on American Broadcasting Company, ABC.Hibberd, James (May 10, 2012)Dancing,' 'Bachelor,' and a bigger 'Shark Tank ...
'', the American version of ''
Dragons' Den ''Dragons' Den'' is a reality television program format in which entrepreneurs pitch their business ideas to a panel of venture capitalists in the hope of securing investment finance from them. The program originated in 2001 in Japan, where it ...
''. O'Leary co-founded SoftKey Software Products, a technology company that sold software geared toward family education and entertainment. During the late 1980s and 1990s, SoftKey became a major consolidator in the global educational software market, having acquired rival companies via
hostile takeover In business, a takeover is the purchase of one company (law), company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are publicly listed, in contrast t ...
bids, such as Compton's New Media,
the Learning Company The Learning Company (TLC) was an American educational software company founded in 1980 in Palo Alto, California and headquartered in Fremont, California. The company produced a grade-based line of learning software, edutainment games, and ...
, and
Broderbund Broderbund Software, Inc. (stylized as Brøderbund) was an American maker of video games, educational software, and productivity tools. Broderbund is best known for the 8-bit video game hits '' Choplifter'', '' Lode Runner'', '' Karateka'', and ...
. SoftKey later changed its name to The Learning Company and was acquired by
Mattel Mattel, Inc. ( ) is an American multinational corporation, multinational toy manufacturing and entertainment company headquartered in El Segundo, California. Founded in Los Angeles by Harold Matson and the husband-and-wife duo of Ruth Handler, ...
in 1999, with the sale making O'Leary a multimillionaire. Mattel promptly fired O'Leary, and the acquisition resulted in significant losses and multiple shareholder lawsuits. In 2017, he campaigned to be the leader of the
Conservative Party of Canada The Conservative Party of Canada (CPC; , ), sometimes referred to as the Tories, is a Government of Canada, federal List of political parties in Canada, political party in Canada. It was formed in 2003 by the merger of the two main Right-wing ...
. He dropped out in April 2017, one month before
the election ''The Election'' () is a political drama series produced by Hong Kong Television Network (HKTV). With a budget of HK$15 million, filming started in July 2014 and wrapped up on 28 October 2014. Popularly voted to be the inaugural drama of ...
, citing a lack of support in
Quebec Quebec is Canada's List of Canadian provinces and territories by area, largest province by area. Located in Central Canada, the province shares borders with the provinces of Ontario to the west, Newfoundland and Labrador to the northeast, ...
. In addition to his native Canadian citizenship, O'Leary also holds Irish and Emirati citizenship.


Early life and education

O'Leary was born on 9 July 1954, in
Montreal Montreal is the List of towns in Quebec, largest city in the Provinces and territories of Canada, province of Quebec, the List of the largest municipalities in Canada by population, second-largest in Canada, and the List of North American cit ...
, one of two sons of Georgette (née Bookalam; ), a small-business owner and investor of Lebanese descent, and Terry O'Leary, a salesman of Irish descent. Kevin also has a brother, Shane O'Leary.Allemang, John
"Kevin O'Leary: The shark who swims alone"
''
The Globe and Mail ''The Globe and Mail'' is a Newspapers in Canada, Canadian newspaper printed in five cities in Western Canada, western and central Canada. With a weekly readership of more than 6 million in 2024, it is Canada's most widely read newspaper on week ...
'', 23 September 2011.
Due to his paternal heritage, O'Leary also holds Irish citizenship and carries an Irish passport. O'Leary has
dyslexia Dyslexia (), previously known as word blindness, is a learning disability that affects either reading or writing. Different people are affected to different degrees. Problems may include difficulties in spelling words, reading quickly, wri ...
, which he argued helped him in the world of business. O'Leary grew up in
Mount Royal, Quebec Mount Royal ( , officially Town of Mount Royal, Ville Mont-Royal, abbreviated TMR, ) is an affluent Greater Montreal, on-island suburban town located on the northwest side of the eponymous Mount Royal, northwest of Downtown Montreal, on the Isla ...
. His parents divorced when he was a child, largely due to his father's alcoholism. His father died shortly after that, when O'Leary was only seven. After his father's death, his mother ran the family's clothing business as an executive. His mother later married an economist, George Kanawaty, who worked with the UN's
International Labour Organization The International Labour Organization (ILO) is a United Nations agency whose mandate is to advance social and economic justice by setting international labour standards. Founded in October 1919 under the League of Nations, it is one of the firs ...
. His stepfather's international assignments caused the family to move frequently, and O'Leary lived in many places while growing up, including
Cambodia Cambodia, officially the Kingdom of Cambodia, is a country in Southeast Asia on the Mainland Southeast Asia, Indochinese Peninsula. It is bordered by Thailand to the northwest, Laos to the north, and Vietnam to the east, and has a coastline ...
,
Ethiopia Ethiopia, officially the Federal Democratic Republic of Ethiopia, is a landlocked country located in the Horn of Africa region of East Africa. It shares borders with Eritrea to the north, Djibouti to the northeast, Somalia to the east, Ken ...
,
Tunisia Tunisia, officially the Republic of Tunisia, is a country in the Maghreb region of North Africa. It is bordered by Algeria to the west and southwest, Libya to the southeast, and the Mediterranean Sea to the north and east. Tunisia also shares m ...
, and
Cyprus Cyprus (), officially the Republic of Cyprus, is an island country in the eastern Mediterranean Sea. Situated in West Asia, its cultural identity and geopolitical orientation are overwhelmingly Southeast European. Cyprus is the List of isl ...
. In his youth, he met both
Haile Selassie Haile Selassie I (born Tafari Makonnen or ''Ethiopian aristocratic and court titles#Lij, Lij'' Tafari; 23 July 189227 August 1975) was Emperor of Ethiopia from 1930 to 1974. He rose to power as the Ethiopian aristocratic and court titles, Rege ...
of Ethiopia and
Pol Pot Pol Pot (born Saloth Sâr; 19 May 1925 – 15 April 1998) was a Cambodian politician, revolutionary, and dictator who ruled the communist state of Democratic Kampuchea from 1976 until Cambodian–Vietnamese War, his overthrow in 1979. During ...
of Cambodia. O'Leary attended
Stanstead College Stanstead College is an English-language independent boarding school in Stanstead, Quebec, Canada, for boys and girls in Grades 7 through 12. The school is located on a campus in Quebec's Eastern Townships – just north of the Canada–United S ...
and St. George's School, both in Quebec. O'Leary's mother was a skilled investor, investing a third of her weekly paycheque in large-cap, dividend-paying stocks and interest-bearing bonds, ultimately achieving high returns in her investment portfolio. She kept her investment portfolio secret, so O'Leary only discovered his mother's skill as an investor after her death when her will was executed. Many of his investment lessons came from his mother, including the admonition to save one-third of his money. O'Leary had aspired to become a photographer, but on the advice of his stepfather who prompted the young Kevin to be more realistic with his future career aspirations, ultimately led him to attend university, where he continued to develop his interest in business and investing since his youth. He received an honours bachelor's degree in
environmental studies Environmental studies (EVS or EVST) is a multidisciplinary academic field which systematically studies human behavior, human interaction with the Natural environment, environment. Environmental studies connects principles from the physical sci ...
and psychology from the
University of Waterloo The University of Waterloo (UWaterloo, UW, or Waterloo) is a Public university, public research university located in Waterloo, Ontario, Canada. The main campus is on of land adjacent to uptown Waterloo and Waterloo Park. The university also op ...
in 1977 and an MBA in entrepreneurship from
Ivey Business School Ivey Business School is the main business school of Western University, located in London, Ontario, Canada. It offers full-time undergraduate and graduate programs in London, Ontario and maintains a Toronto facility for its EMBA program and two ...
at the
University of Western Ontario The University of Western Ontario (UWO; branded as Western University) is a Public university, public research university in London, Ontario, Canada. The main campus is located on of land, surrounded by residential neighbourhoods and the Thame ...
in 1980.


Business career

In 1978, between the first and second years of his MBA program, O'Leary was selected for an internship at
Nabisco Nabisco (, abbreviated from the earlier name National Biscuit Company) is an American manufacturer of cookies and snacks headquartered in East Hanover, New Jersey. The company is a subsidiary of Illinois-based Mondelēz International. Nabisco' ...
in
Downtown Toronto Downtown Toronto is the main city centre of Toronto, Ontario, Canada. Located entirely within the district of Old Toronto, it is approximately 16.6 square kilometres in area, bounded by Bloor Street to the northeast and Dupont Street to the nor ...
and then worked as an assistant brand manager for Nabisco's cat food brand. O'Leary attributed his future business success at The Learning Company as a result of the extensive marketing skills that he honed during his assistant brand management days at Nabisco. After leaving Nabisco, O'Leary began a brief career as a television producer. With two of his former MBA classmates, Scott Mackenzie and Dave Toms (both of whom had assisted on O'Leary's MBA documentary), O'Leary co-founded Special Event Television (SET). SET was an independent television production company that produced original sports programming such as ''The Original Six'', ''Don Cherry's Grapevine,'' and ''Bobby Orr & The Hockey Legends''. The company achieved limited success with minor television shows, soccer films, sports documentaries, and short in-between-period commercials for local professional hockey games. One of his partners later bought out his share of the venture for $25,000.


Softkey

After selling his SET share, O'Leary then proceeded by moving onto his next business venture. He started
Softkey SoftKey International (originally SoftKey Software Products, Inc.) was a software company founded by Kevin O'Leary in 1986 in Toronto, Ontario. It was known as The Learning Company from 1995 to 1999 after acquiring The Learning Company an ...
in a Toronto basement in 1986, along with business partners John Freeman and Gary Babcock. The company was a publisher and distributor of CD-based personal computer software for
Windows Windows is a Product lining, product line of Proprietary software, proprietary graphical user interface, graphical operating systems developed and marketed by Microsoft. It is grouped into families and subfamilies that cater to particular sec ...
and
Macintosh Mac is a brand of personal computers designed and marketed by Apple Inc., Apple since 1984. The name is short for Macintosh (its official name until 1999), a reference to the McIntosh (apple), McIntosh apple. The current product lineup inclu ...
computers. A major financial supporter who had committed $250,000 in investment capital to finance O'Leary's company backed out the day before signing the documents and delivering his cheque, leaving O'Leary to go elsewhere to seek the necessary funding sources that he needed to support his fledgling business. Desperate to secure funding, O'Leary turned to using the proceeds that he gained from selling his SET share while also convincing his mother to lend him $10,000 in seed capital to establish SoftKey Software Products. As the software and personal-computer industries were proliferating throughout the course of the early 1980s, O'Leary convinced printer manufacturers to bundle Softkey's program with their hardware. With distribution assured, the company developed several educational software products focused on mathematics and reading education. Softkey products typically consisted of software for home users, especially compilation discs containing various
freeware Freeware is software, often proprietary, that is distributed at no monetary cost to the end user. There is no agreed-upon set of rights, license, or EULA that defines ''freeware'' unambiguously; every publisher defines its own rules for the free ...
or
shareware Shareware is a type of proprietary software that is initially shared by the owner for trial use at little or no cost. Often the software has limited functionality or incomplete documentation until the user sends payment to the software developer. ...
games packaged in "jewel-case" CD-ROMs. Softkey weathered stiff competition from other software companies in the late 1980s and prospered throughout the 1990s. By 1993, Softkey had become a major consolidator in the educational software market, acquiring rivals such as
WordStar WordStar is a discontinued word processor application for microcomputers. It was published by MicroPro International and originally written for the CP/M-80 operating system (OS), with later editions added for MS-DOS and other 16-bit computing, ...
and
Spinnaker Software Spinnaker Software Corporation was an American software and video game company. Founded in 1982 by Bill Bowman and C. David Seuss, it was known primarily for its line of non-curriculum based educational software, which was a major seller during ...
in the process. In 1995, Softkey acquired
The Learning Company The Learning Company (TLC) was an American educational software company founded in 1980 in Palo Alto, California and headquartered in Fremont, California. The company produced a grade-based line of learning software, edutainment games, and ...
(TLC) for $606 million, adopting its name, and moved its headquarters to
Cambridge, Massachusetts Cambridge ( ) is a city in Middlesex County, Massachusetts, United States. It is a suburb in the Greater Boston metropolitan area, located directly across the Charles River from Boston. The city's population as of the 2020 United States census, ...
. TLC lost $105 million (US) in 1998 on revenues of $800 million and suffered losses over the previous two years. TLC bought its former rival
Broderbund Broderbund Software, Inc. (stylized as Brøderbund) was an American maker of video games, educational software, and productivity tools. Broderbund is best known for the 8-bit video game hits '' Choplifter'', '' Lode Runner'', '' Karateka'', and ...
in June 1998 for $416 million. In 1999, TLC was acquired by
Mattel Mattel, Inc. ( ) is an American multinational corporation, multinational toy manufacturing and entertainment company headquartered in El Segundo, California. Founded in Los Angeles by Harold Matson and the husband-and-wife duo of Ruth Handler, ...
for US$4.2 billion. Following the acquisition, sales and earnings for Mattel soon dropped, and O'Leary was fired. The purchase by Mattel was later called one of the most disastrous corporate acquisitions in recent business history. While acquisition management had projected a post-acquisition profit of US$50 million, Mattel actually experienced a loss of US$105 million. Mattel's stock dropped, wiping out US$3 billion of shareholder value in a single day. Mattel's shareholders later filed a class-action lawsuit accusing Mattel executives, O'Leary, and former TLC CEO Michael Perik of misleading investors about the health of TLC and the benefits of its acquisition. The lawsuit alleged that TLC used accounting tricks to hide losses and inflate quarterly revenues. In response, O'Leary and his defendants disputed all of the charges, with Mattel later paying $122 million to settle the lawsuit in 2003. O'Leary blamed the technology meltdown and a culture clash of management of the two companies for the failure of the acquisition. O'Leary and financial backers from
Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...
made an unsuccessful attempt to acquire the French video game company Atari, with O'Leary having made plans to start a video-gaming television channel which never materialized.


StorageNow Holdings

In 2003, O'Leary became a co-investor and corporate director at StorageNow Holdings, a Canadian developer of climate-controlled storage facilities controlled by Reza Satchu, Reza and Asif Satchu. StorageNow became the largest operator of storage services in Canada, with facilities in 11 cities, and was acquired by Storage REIT in March 2007 for $110 million. O'Leary later sold his shares which yielded a windfall profit exceeding $4.5 million through realized capital gains, with his initial stake being originally valued at $500,000. In May 2005, Reza Satchu and O'Leary's operating partner, Wheeler, filed a $10-million wrongful dismissal lawsuit, charging that they had altered an agreed-upon compensation deal and illegally reduced Wheeler's share of the profits. O'Leary and Satchu claimed Wheeler failed to reach performance targets. The case was settled out of court.


Other ventures

In March 2007, O'Leary joined the advisory board of Genstar Capital, a private equity firm that focuses on investing in health care, industrial technology, business services, and software. Genstar Capital appointed O'Leary to its Strategic Advisory Board to seek new investment opportunities for its $1.2 billion fund.


O'Leary Funds

In 2008, O'Leary co-founded O'Leary Funds Inc., a mutual fund management firm focused on global yield investing. He is the company's chairman and lead investor, while his brother Shane O'Leary serves as the director. The fund's assets under management grew from $400 million in 2011 to $1.2 billion in 2012. The fund's primary manager was Stanton Asset Management, a firm controlled by the husband-and-wife team of Connor O'Brien (alpine skier), Connor O'Brien and Louise Ann Poirier. According to research by Canadian banker Mark R. McQueen, O'Leary's fund increased distribution yield from his funds by returning invested capital to shareholders. While this is not unusual, it was contrary to O'Leary's statements. Another analysis also found that one-quarter of the distributions from one of O'Leary's funds were return of capital. In November 2014, O'Leary Funds Management agreed to pay penalties to the Autorité des marchés financiers (Québec), Autorité des marchés financiers for violating certain technical provisions of the Securities Act. At the time of the agreement, O'Leary Funds reported taking steps to correct the violations. On October 15, 2015, O'Leary Funds was sold to Canoe Financial, a private investment-management company owned by Canadian businessman W. Brett Wilson. Wilson once was an investor with O'Leary on CBC's ''Dragons' Den.''


O'Leary Ventures

O'Leary is also the founder of O'Leary Ventures, a private early-stage venture capital investment company, O'Leary Mortgages, O'Leary books, and O'Leary Fine Wines. In April 2014, O'Leary Mortgages closed. O'Leary's funds have a questionable history and are said to have declined over 20% in a year, often a big blow to fund managers. O'Leary no longer manages outside money.


ETF and investing

On July 14, 2015, O'Leary launched an Exchange-traded fund (ETF) through O'Shares Investments, a division of his investment fund, O'Leary Funds Management LP where O'Leary serves as chairman. A value investor, he has advised on personal finance. He advocates Diversification (finance), portfolio diversification and suggests that investors have their age as the percentage of Bond (finance), bonds in their portfolios (i.e., 30% in bonds and 70% in stocks for a 30-year-old investor, with an increasing proportion of bonds and decreasing proportion of stocks as the investor ages). O'Leary has also "stated on many occasions that he won't invest in publicly-traded stock unless it pays him a dividend." O'Leary is also an active gold as an investment, gold investor, with five percent of his financial portfolio invested in physical gold. However, he does not invest in stocks of gold-mining companies because he says cash flow is an important investment factor to him. O'Leary also advises diversification in multiple industry sectors while dedicating no more than 20 percent of one's financial portfolio being concentrated in one sector.


Cryptocurrency

O'Leary initially expressed skepticism about cryptocurrency, describing bitcoin as "a digital game" and "useless currency" in 2019. He illustrated his thinking with the following example, "Let's say you want to buy a piece of Swiss real estate for $10 million in bitcoin...The seller wants a guarantee that the bitcoin value comes back to the U.S. currency. You have to somehow Hedge (finance), hedge the risk of bitcoin. That means it's not a real currency. That means the receiver is not willing to take the risk of the volatility it has. It's worthless." In May 2021, O'Leary said he had made a 3 to 5% allocation to bitcoin and had become a strategic investor in the Vancouver-based decentralized finance platform Defi Ventures; the company then renamed itself WonderFi Technologies, in reference to O'Leary's nickname, "Mr. Wonderful". In August 2021, it was announced O'Leary would take an ownership stake in the parent companies of FTX.com and FTX.US as part of his compensation for becoming a "spokesperson and ambassador" for FTX (company), FTX. FTX subsequently Bankruptcy of FTX, went bankrupt due to CEO Sam Bankman-Fried secretly using client funds to make speculative bets that were unsuccessful. In November 2022, O'Leary, alongside other spokespeople for FTX, was sued in a class-action lawsuit. There is precedent for prosecuting individuals promoting fraudulent cryptocurrency ventures—regardless of whether they had plausible deniability. For example, in February 2022, the United States Court of Appeals for the Eleventh Circuit, U.S. 11th Circuit Court of Appeals ruled in a lawsuit against Bitconnect that the Securities Act of 1933 extends to Targeted advertising, targeted solicitation using Influencer marketing, social media. O'Leary claimed on CNBC that he was paid $15 million for the spokesman role, adding that he lost $9.7 million in digital assets, the remainder allotment in various fees and taxes, and a further million dollars' worth of equity after the company's insolvency. At an FTX hearing, O'Leary claimed that Binance CEO Changpeng Zhao "put FTX out of business." O'Leary has been an advocate of cryptocurrency investing and personally owns coins in the cryptocurrencies Ethereum, Ether, A4M Ethereum Blockchain, Polygon, Solana (blockchain platform), SOL, Bitcoin, and Pawthereum.


Books

* ''Cold Hard Truth: On Business, Money & Life'' (2011) * ''Cold Hard Truth on Men, Women, and Money: 50 Common Money Mistakes and How to Fix Them'' (2012) * ''Cold Hard Truth on Family, Kids and Money'' (2015) * ''Cold Hard Truth on Marriage and Money: Part Two of Cold Hard Truth on Family, Kids and Money'' (2015) * ''Digital Pivot or Bust In a Post COVID-19 World: Why Small Businesses Must Re-Think Everything to Survive and Thrive!'' (2020)


Media


''Dragons' Den'' and ''Shark Tank''

In 2006, O'Leary appeared as one of the five follow-up venture capitalists on the then-new show ''
Dragons' Den ''Dragons' Den'' is a reality television program format in which entrepreneurs pitch their business ideas to a panel of venture capitalists in the hope of securing investment finance from them. The program originated in 2001 in Japan, where it ...
'' on CBC Television, CBC, the Canadian installment of the international ''
Dragons' Den ''Dragons' Den'' is a reality television program format in which entrepreneurs pitch their business ideas to a panel of venture capitalists in the hope of securing investment finance from them. The program originated in 2001 in Japan, where it ...
'' format. On the show, O'Leary developed a persona as a blunt, abrasive investor, who at one point told a contestant who started crying, "Money doesn't care. Your tears don't add any value." This television persona was encouraged by executive producer Stuart Coxe, who occasionally asked O'Leary to be "more evil" during the first two seasons. ''Dragons' Den'' became one of the most-watched shows in CBC history, with around two million viewers per episode. Coxe attributed the show's success in large part to O'Leary's presence. In 2009, the American version of ''Dragons' Den'', ''
Shark Tank ''Shark Tank'' is an American business Reality television#Investments, reality television series that premiered on August 9, 2009, on American Broadcasting Company, ABC.Hibberd, James (May 10, 2012)Dancing,' 'Bachelor,' and a bigger 'Shark Tank ...
'', began, and ''Shark Tank'' executive producer Mark Burnett invited two of the CBC ''Dragons' Den'' investors, O'Leary and Robert Herjavec, to appear on the show. Both have remained with ''Shark Tank'' since the beginning. For several years, they appeared on both shows, although Herjavec left ''Dragons' Den'' in 2012, and O'Leary left in 2014. ''Shark Tank'' became a ratings hit, averaging 9 million viewers per episode at its peak in the 2014–15 season. It has also been a critical favourite, winning the Primetime Emmy Award for Outstanding Structured Reality Program four times. O'Leary's appearances on ''Dragons' Den'' and ''Shark Tank'' popularized the nickname "Mr. Wonderful" for him; he has said that he is often referred to by that name in public. O'Leary has said that the nickname serves both as a tongue-in-cheek reference to his reputation for being mean, as well as a reflection of his view that his blunt assessments are helpful to misguided, naive, and inexperienced entrepreneurs. In a 2013 interview, O'Leary implied that he could not remember how he got the nickname. He had already referred to himself as "Mr. Wonderful" in a 2006 casting video for ''Dragon's Den'', predating either show. Besides his acerbic demeanor, domineering imposition, and blunt television persona, O'Leary has also gained a reputation on both shows for preferring deals in which he loans the entrepreneurs money in exchange for royalty payment, a percentage of future revenue, rather than taking a equity (finance), share of the company. Notable deals in which O'Leary has been involved on ''Shark Tank'' include investments in Talbott Teas (later bought by Jamba Juice) and GrooveBook (later bought by Shutterfly), the latter with Mark Cuban. Some of his recent investments include Hello Prenup with Nirav Tolia of Nextdoor. All of his ''Dragons' Den'' and ''Shark Tank'' investments are consolidated, presided, and managed under his holding company, called "Something Wonderful."


Discovery Channel's ''Discovery Project Earth''

In 2008, O'Leary worked as a co-host for the
Discovery Channel Discovery Channel, known as The Discovery Channel from 1985 to 1995, and often referred to as simply Discovery, is an American cable channel that is best known for its ongoing reality television shows and promotion of pseudoscience. It init ...
's ''Discovery Project Earth'', a show that explores innovative ways to reverse climate change.


The Lang and O'Leary Exchange

In 2009, O'Leary began appearing with journalist Amanda Lang on CBC News Network's ''
The Lang and O'Leary Exchange ''The Exchange'' was a Canadian business news television series which aired weekdays on CBC News Network, with an overnight rebroadcast on CBC Television, from October 26, 2009 to September 9, 2016. The show originally launched as ''The Lang an ...
''. During a segment of ''The Lang & O'Leary Exchange'' on the Occupy Wall Street protests in 2011, O'Leary criticized Pulitzer Prize-winning journalist Chris Hedges for sounding "like a left-wing nutbar." Hedges said afterward that "it will be the last time" he would appear on the show and compared the CBC to Fox News. CBC's ombudsman found O'Leary's behaviour to be a violation of the public broadcaster's journalistic standards. In January 2014, on ''The Lang and O'Leary Exchange'', O'Leary remarked, O'Leary later clarified these statements, saying,


Other projects

In 2009, O'Leary hosted a Winnipeg Comedy Festival gala called ''Savings & Groans'' in which he performed a ''Dragon's Den'' style sketch in which Sean Cullen and Ron Sparks (comedian), Ron Sparks tried to get him to invest in their invention - the wheel. The show aired on Canadian Broadcasting Corporation, CBC in 2010. O'Leary co-produced and hosted the 2012 reality show '' Redemption Inc.'', which aired for one season on CBC, in which ten ex-convicts competed to have O'Leary fund their business idea. Having also been a co-host of ''SqueezePlay'' on Bell Media's Business News Network (BNN), he returned to the Discovery Channel on September 1, 2014, to join as a contributor for its radio and television stations such as CTV Television Network, CTV. On May 5, 2015, O'Leary made an appearance on the game show ''Celebrity Jeopardy'' and received $10,000 for his charity despite finishing 3rd and in negative points after both Double Jeopardy and Final Jeopardy rounds. In September that year, O'Leary appeared as a celebrity judge in the 95th Miss America pageant. In 2018 O'Leary hosted the podcast ''Ask Mr. Wonderful'' for seven episodes. In 2019, he began posting videos on YouTube, again under the title "Ask Mr. Wonderful". In 2021, O'Leary appeared with Katie Phang and Ada Pozo on CNBC's ''Money Court'', where they adjudicated financial disputes. He is currently a member of ARHT Media's Board of Advisors. He has an acting role in the upcoming 2025 movie ''Marty Supreme''.


Political activity

In January 2016, O'Leary offered to invest $1 million in the economy of Alberta in exchange for the resignation of Premier of Alberta, Premier Rachel Notley and appeared with four other prospective leadership candidates at a conference for federal Conservatives in late February 2016, where he gave a presentation titled "If I Run, This is How." During his speech, he predicted that the Liberal government would fall within four years of economic collapse.


2017 federal Conservative Party leadership race

Following Stephen Harper's resignation as leader of the
Conservative Party of Canada The Conservative Party of Canada (CPC; , ), sometimes referred to as the Tories, is a Government of Canada, federal List of political parties in Canada, political party in Canada. It was formed in 2003 by the merger of the two main Right-wing ...
, O'Leary attended Conservative Party gatherings in February and May 2016, leading to public speculation about whether he would run for the 2017 Conservative Party of Canada leadership election, 2017 leadership election. In February 2016, Maxime Bernier, a Conservative Quebecois politician, criticized O'Leary, calling him a "tourist" for wanting to be prime minister without being able to speak French. Bernier later explained that he wanted all leadership candidates to learn French and praised his fellow leadership contender Lisa Raitt, who was trying to improve her French. O'Leary stated that he was taking French lessons, and he promised to learn French in time for the next federal election. On January 18, 2017, O'Leary officially entered the Conservative leadership race. That same day, his former ''Dragons' Den'' co-star Arlene Dickinson stated that she found O'Leary to be too "self-interested and opportunistic" to be qualified for the office of prime minister. In response, another former ''Dragons' Den'' co-star, W. Brett Wilson, endorsed O'Leary, highlighting differences between O'Leary as a businessman and his TV persona. On February 1, 2017, O'Leary posted a video of himself shooting in a Miami gun range. It was removed from Facebook out of respect for the funeral for three victims of the Quebec City mosque shooting on that day. It was also revealed that he was in New York promoting one of his business ventures when this occurred. O'Leary later apologized for the timing of this post. O'Leary was a frontrunner in the polls throughout most of his run. Nevertheless, he dropped out of the leadership race on April 26, 2017, stating that, though he still thought he could win the leadership election, a lack of support in Quebec meant that it would be difficult for him to beat Trudeau in 2019, and it would thus be "selfish" of him to continue. On dropping out, he endorsed Bernier, another frontrunner for the position. (Andrew Scheer eventually won the leadership election, narrowly edging out Bernier.)


Political positions


Donald Trump support

In 2017, O'Leary described hypothetical trade negotiations between US President Donald Trump and Canadian Prime Minister Justin Trudeau as "Godzilla versus Bambi (character), Bambi". During the U.S. presidential election of 2024, O'Leary criticized Democratic presidential candidate Kamala Harris, citing her plan to increase corporate taxes. During the campaign, O'Leary also defended Trump for bank fraud, suggesting that it was a victimless crime. After Donald Trump won the election, O'Leary said he was very happy with the outcome and that he was "very proud of the work I did" during the campaign. Amid President Donald Trump's threats in 2025 to impose 25% tariffs on Canadian goods and annex Canada, O'Leary visited Trump at his Mar-a-Lago resort. O'Leary also supported making Canada part of the United States and said, "Think about the power of combining the two economies."


Economy and trade

O'Leary supports multilateral free trade agreements such as the North American Free Trade Agreement. O'Leary believes Taxation in Canada, corporate tax rates in Canada are too high and has promised to eliminate the national carbon tax. O'Leary has threatened to punish Canadian provinces, provinces by withholding transfer payments if they do not eliminate their respective carbon taxes. O'Leary is a critic of deficit spending and supports eliminating the national debt. O'Leary opposes control of the CRTC over Canada's telecommunications system. He has accused Rep. Alexandria Ocasio-Cortez, a New York politician, of "killing jobs by the thousands," citing higher corporate taxes which she favors. O'Leary supports the Second presidency of Donald Trump, Trump administration's Liberation Day tariffs policy and has called for increasing United States' tariffs on China to 400%.


Labor rights

O'Leary opposes right to disconnect legislation, which gives employees the legal right not to respond to work-related communications outside of working hours.


Energy

O'Leary supports building a pipeline from the Athabasca oil sands to Eastern Canada with the intention of making Canada "energy independent". He has criticized Canada's reliance on Saudi Arabia for oil and gas. He has stated he would support a national referendum on the issue of pipelines.


Social

O'Leary describes his social policies as "very liberal". He supports Same-sex marriage in Canada, same-sex marriage and transgender rights. O'Leary supports the legalization and regulation of marijuana. O'Leary supports assisted suicide and cited Switzerland as a model for Canada to follow.


Foreign and military policy

O'Leary supported ending Operation Impact, Canadian airstrikes on ISIS and supports taking a peacekeeping role in the Syrian Civil War. In 2017, O'Leary described Russia as "neither an ally nor a foe" in an interview with the CBC. O'Leary has criticized Justin Trudeau's procurement plan. He supports purchasing Unmanned combat aerial vehicle, aerial combat drones to defend Canadian airspace and supports phasing out the use of the Lockheed CP-140 Aurora citing cost reasons. He has criticized the lack of funding of the Canadian Armed Forces and supports spending the NATO recommended 2% of GDP on military expenditures.


Immigration

O'Leary has proposed creating a "fast track" for citizenship for immigrants who graduate from college or university and find employment, as well as for their spouses and children. O'Leary has advocated for increased border security in order to tackle the issue of irregular border crossing.


Senate

In a 2017 interview with Evan Solomon, O'Leary suggested that Senate of Canada, Senators should pay money every year, instead of being paid, thus turning "a cost centre to Canada" into "a profit centre."


Leadership debt and lawsuit

In November 2018, O'Leary hired lawyer Joseph Groia and sued Elections Canada and Canada's federal elections commissioner over campaign finance laws which limited candidates to spending only $25,000 of their own money for their leadership campaign. At the time of the lawsuit, O'Leary still owed $430,000 to creditors. O'Leary had proposed to Elections Canada that he pay off the debt now with his own money and fundraise the money later, but was rebuffed, since this would be illegal. O'Leary publicly stated that the law promoted mediocrity since rich people would be discouraged from running and hurt the businesses that had pledged money for his failed leadership campaign. In O'Leary's legal submissions, he argued that the laws preventing the use of personal money over $25,000 were a restriction of his Section 2 of the Canadian Charter of Rights and Freedoms, Section 2 Charter right to free expression and the threat of jail time in those laws violated his Section 7 of the Canadian Charter of Rights and Freedoms, Section 7 Charter right to security of the person.


Personal life

O'Leary is Catholic Church, Catholic. He and his wife, Linda (Birth name#Maiden and married names, née Greer), have been married since 1990. The couple separated in 2011, but they resumed their marriage after two years. They have two children, Trevor and Savannah. In a 2016 interview, O'Leary stated: "In a successful growing business, it eats your time alive. Then later in life, you can provide for your family things that many others can't have. But because you sacrificed, you're then given the reward of freedom." The O'Learys live in Miami Beach and Toronto. He also maintains a cottage in Muskoka, Ontario, as well as homes in Boston and Geneva, Switzerland. In a 2022 CNBC interview, he mentioned that he has obtained a United Arab Emirates citizenship in order to be able to partner with Emiratis on investments. O'Leary is a fan of the New England Patriots football team and claims to watch all of their games, even when he is traveling around the world and games occur during the middle of the night. He is a oenophilia, wine aficionado and belongs to the Confrérie des Chevaliers du Tastevin, an international association of Burgundy wine enthusiasts. He is also a lifelong photographer and has exhibited and sold prints of his photographs, donating the proceeds to charity. O'Leary is also an avid watch collector and expert, sharing his insights on both ''Shark Tank'' and social media.


Boating accident

On August 24, 2019, O'Leary and his wife Linda were involved in a fatal crash on Lake Joseph in Muskoka, Ontario, when they were on a boat owned by O'Leary and allegedly operated at the time by Linda. The O'Learys' boat collided with another one and a 64-year-old man and 48-year-old woman on that vessel were killed. O'Leary said in a statement that he was cooperating with the police investigation and that the other boat did not have its lights on and "fled the scene". The police stated that both boats left the scene to "attend a location and both parties called 911." On September 24, Linda O'Leary was charged with "careless operation of a vessel" under the small vessel regulations of the ''Canada Shipping Act'', a charge that carries maximum 18 months imprisonment and a $10,000 fine. The driver of the other boat, Richard Ruh of Orchard Park, New York, was charged with "failing to exhibit navigation light while underway". On October 11, the Public Prosecution Service of Canada ruled out jail time for Linda. On September 14, 2021, Linda was found not guilty of careless operation of the vessel.


See also

* List of University of Waterloo people


References


External links

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