What is Mel Lastman Net Worth At The Time of His Death? The Toronto Mayor Passes Away
Mel Lastman’s net worth was impressive, being a businessman as well as a politician. So, how rich was he? Dig into this article to know further.
Mel Lastman. a former Toronto Mayor has died at the age of 88 years on Saturday afternoon at his home.
A Canadian businessman and politician, from 1998 to 2003, Mel Lastman served as the first mayor of the newly amalgamated Toronto.
Prior to that, he also served as the Mayor of the former city of North York, Ontario, Canada. Before keeping his foot on politics, Lastman was a founder of the Bad Boy Chain on Weston Road in 1995.
Mel Lastman Net Worth: How Rich Was The Mayor?
When the politician Mel Lastman died, his net worth was estimated to be around $5 million to $10 million.
However, it’s just an assumption as the specifics of his earnings, profits, and wealth, on the other hand, remain unknown.
Lastman certainly has bulked up a substantial fortune from his long-time career as a businessman as well as a successful politician.
In the year 1969, Lastman entered the world of politics when he ran and was elected to the North York Board of control. Similarly, he was the 62nd Mayor of Toronto.
At the age of 88 years, Mel Lastman died peacefully at his home on Saturday afternoon, but the details surrounding his death are still unknown.
Many of his friends and family have paid tributes to him via social media platforms, as he was regarded as a great mayor who touched many lives.
Furthermore, details of his health update are not available at the moment.
A Look At Mel Lastman Children And Family
Talking about his family, Mel Lastman was married to his wife, Marilyn Lastman, who died on January 1, 2020, following a brief illness, at the age of 84 years.
According to his Wikipedia, Lastman has four children. Further, details on his children and their background haven’t been surfaced on the media yet.
During his tenure as Mayor, Lastman had a 14-years-long extramarital affair with Grace Louise, a former Bad Boy Chain employee.
Louise sued Lastman for $6 million, claiming that her two sons were his illegitimate children. However, Lastman denied responsibility for the two children, though it was revealed that he indeed was the father of those children.