The Ghermezian Family: An Overview

The Ghermezian family has been a major influence in the business world for decades. The family patriarch, Jacob Ghermezian, started a business empire that now spans across continents, with the family’s influence being felt in numerous industries. From real estate development to retail and technology, the Ghermezian family has had a hand in shaping the modern world. This article will provide an overview of the Ghermezian family, their business dealings, and the impact they have had on the global economy.

Overview of the Ghermezian Family

The Ghermezian family is an Armenian-Canadian family that has been active in the business world for several generations. The family’s patriarch, Jacob Ghermezian, was born in Iran in the early 20th century and immigrated to Canada in the 1950s, where he began building his business empire. The family is now composed of four brothers and their families. They have extensive interests in real estate development, retail, and technology, and have been involved in many high-profile projects around the world.

The Ghermezian’s Business Empire

The Ghermezian family’s business empire began with the development of the world’s largest shopping mall, West Edmonton Mall, in Edmonton, Alberta, Canada. The mall, which opened in 1981, was built by the Ghermezian brothers and remains the largest shopping mall in North America. The family has since expanded into other industries, including real estate, retail, and technology. They own and operate numerous businesses, including a large number of retail stores, technology companies, and real estate development projects around the world.

The Ghermezian’s Impact on the Global Economy

The Ghermezian family has had a tremendous impact on the global economy. Their investments have helped create jobs and stimulate economic growth in numerous countries around the world. Their business ventures have also helped spur innovation and technological advancements in many industries.

The Ghermezian family has also had a hand in shaping the modern world in other ways. Their philanthropic activities have helped support numerous causes, such as education, healthcare, and the arts. They have also been involved in numerous charitable organizations and have donated large sums of money to help those in need.

Conclusion

The Ghermezian family has been a major force in the business world for decades. Their business empire has had a far-reaching impact on the global economy, and their philanthropic activities have helped countless people around the world. The Ghermezian family has truly left a lasting legacy on the world.