Family of billionaire couple found strangled by swimming pool in 2017 offer $35m reward

The family of Toronto billionaires Barry and Honey Sherman, who were found murdered at their mansion five years ago this December, are increasing the reward from $10 million to $35 million in hopes of catching the killer.

Sherman, who founded generic drug maker Apotex Inc. in 1974, and his wife Honey were found dead at their Toronto mansion on December 15, 2017.

The two hung by straps from a railing surrounding their indoor pool and found themselves in a semi-seated position on the pool deck.

“The closure will not be possible until those responsible for this evil act are brought to justice,” son Jonathon Sherman told CBC Toronto.

The family previously offered a $10 million reward for information leading to a conviction.

Barry Sherman, 75, chairman of global drug giant Apotex, and his wife Honey, 70, were found dead in the pool area of ​​their leafy North York mansion on December 15, 2017

The closure will not be possible until those responsible for this evil act are brought to justice,” son Jonathon Sherman said on the fifth anniversary of his parents’ death, increasing the reward to $35 million

“I’ve been overcome with pain, loss and grief, and those feelings just keep building,” said Jonathon Sherman.

“This immeasurable pain is felt every day as I realize that my own two children will never have the privilege of meeting my parents who made my husband and me their lives possible.

“My parents deserved to enjoy the fruits of their labor and spend their twilight years with their families like all grandparents do. I still miss my parents more than I can describe and I will forever haunt what happened to them,” he added.

“Nothing will replace her incredible generosity and positive social impact. Her passing was a devastating loss for all of us and left a huge void in our hearts, our lives and our communities,” he said.

The Sherman Mansion surrounded by police tape in Toronto’s leafy North York neighborhood

Police told how the couple were found sitting side by side, with ligatures pulled around their necks and wrapped around a railing at their pool

Last year, the Toronto Police Department released video footage showing images of a person walking on a sidewalk near the Shermans’ home

In December 2021, police asked the public for help in identifying the suspect. Price noted the person’s gait, “the way they bring their right foot up with every step.”

The billionaire family is now offering a $35 million reward for information leading to an arrest (pictured are the couple’s children, Jonathon Sherman and his sister Lauren, during a 2017 memorial service in Mississauga, Ontario).

Sherman, 75, was known for his litigiousness and aggressive business practices while developing Apotex, which employed about 11,000 people worldwide.

In Prescription Games, a 2001 book about the industry, he reflected that a rival might want to kill him.

Last year, the Toronto Police Department released video footage showing images of a person walking on a sidewalk near the Shermans’ home.

Toronto Det. Sergeant Brandon Price said they’ve since largely eliminated anyone else who recorded security footage in the area, adding that they have great confidence the suspect is connected to the scene.

Worth between $5 billion and $10 billion, the couple were among Canada’s most generous philanthropists, and their deaths shocked Canadian high society and the country’s Jewish community.

They donated tens of millions of dollars to hospitals, schools, and charities, and had buildings named after them. They received Prime Minister Justin Trudeau at a Liberal Party fundraiser in 2015.

“I think the kids are doing the right thing by continuing to keep this story alive, keeping the investigation alive, and keeping the pressure on law enforcement and the investigation alive,” Avi Abraham Benlolo told CBC earlier this week.

Barry Sherman founded Apotex in 1974 and grew it into one of the largest generic drug companies before stepping down as CEO in 2012

The couple were among Canada’s most generous philanthropists, and their deaths shocked Canadian high society and the country’s Jewish community

“Provide more money – maybe it will give us the head start we need. We really have a longing for closure,” he said. “We still don’t feel like we have the answers we need. what happened to you Who is responsible? We must bring them to justice.’

The day after the bodies were found, some prominent news media quoted unidentified police officers as saying it appeared to be a murder-suicide.

Such statements angered the couple’s four adult children, who responded by hiring their own team of investigators and a pathologist who performed second autopsies on the Shermans.

Police later said publicly that they believe the Shermans were murdered.

Friends and family say the couple are making plans for the future and recently listed their Toronto home for $5.3 million and are building a new home in the city.

Sherman faced legal action from cousins ​​who said they had been locked out of the company over the years. A judge dismissed the lawsuit just months before the couple were found dead.

Anyone with relevant information should contact the Toronto Police Service at shermantips@torontopolice.on.ca

Barry was known for processualism and aggressive business practices while developing Apotex, which employed approximately 11,000 people worldwide. In Prescription Games, a 2001 book about the industry, he reflected that a rival might want to kill him