Age, Biography and Wiki

Frank H. Sobey was born on 24 May, 1902 in Lyons Brook, Nova Scotia, Canada, is a Frank Hoyse Sobey, OC was Canadian businessman and art. Discover Frank H. Sobey's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 83 years old?

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Occupation Businessman, art collector
Age 83 years old
Zodiac Sign Gemini
Born 24 May, 1902
Birthday 24 May
Birthplace Lyons Brook, Nova Scotia, Canada
Date of death 15 December, 1985
Died Place Halifax, Nova Scotia, Canada
Nationality Canada

We recommend you to check the complete list of Famous People born on 24 May. He is a member of famous Businessman with the age 83 years old group.

Frank H. Sobey Height, Weight & Measurements

At 83 years old, Frank H. Sobey height not available right now. We will update Frank H. Sobey's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Frank H. Sobey's Wife?

His wife is Irene MacDonald

Family
Parents Not Available
Wife Irene MacDonald
Sibling Not Available
Children 3

Frank H. Sobey Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Frank H. Sobey worth at the age of 83 years old? Frank H. Sobey’s income source is mostly from being a successful Businessman. He is from Canada. We have estimated Frank H. Sobey's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Businessman

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Timeline

1902

Frank Hoyse Sobey, OC (May 24, 1902 – December 15, 1985) was a Canadian businessman and art collector who was the primary builder of the Sobeys chain of supermarkets.

Born in the farming community of Lyons Brook, Nova Scotia, to John William (J.W.) Sobey and Eliza Sobey, he was three years old when his family moved to the nearby then-booming coal-mining town of Stellarton.

1907

In 1907, his father purchased a meat retailing business and became a butcher, peddling meat products door-to-door from a horse-drawn wagon.

1912

In 1912, his father built a 2-storey store in Stellarton's central business district, selling mostly meat and vegetables.

In an era where education opportunities were limited in small Maritime towns, Sobey left school after Grade 8.

However, he had an entrepreneurial mindset, and at age sixteen enrolled in a business college.

1924

In 1924 he persuaded his father to expand the store to carry a full range of groceries and the family began expanding, opening stores in the nearby industrial towns of New Glasgow, Trenton and Westville, and the university town of Antigonish.

Sobey married Irene MacDonald on November 24, 1924.

They had four children: Bill, David, Donald and Dianne.

1940

In the early 1940s, the family wished to purchase a building on Archimedes Street in New Glasgow for a supermarket.

The property was owned by a company named Empire Company Ltd. and to acquire the building, the family purchased the company itself.

1950

In the late 1950s, Premier Robert Stanfield appointed Sobey as president of Industrial Estates Limited with a salary of $1/year; Sobey is credited with guiding IEL to make investments in the 1960s that significantly expanded and diversified Nova Scotia's economy.

Sobey was also one of the investors behind Peter Munk (chairman of Barrick Gold) in founding Clairtone.

Sobey received an honorary Doctor of Laws from Saint Mary's University in Halifax, Nova Scotia, and the university named its Faculty of Commerce in his honour.

1971

In 1971, while still active in the business, Sobey handed over formal control of the company's operations to his three sons, Bill, David and Donald.

1981

Empire was transformed into the family's holding company and was privatized in 1981.

Through Empire Company Ltd., Sobey purchased a local drive-in theatre (renaming it Empire Theatre) and later built a chain of movie theatres, in addition to substantial commercial and residential real estate holdings.

1982

In 1982, Sobey endowed the Sobey Foundation to provide funding for important initiatives with positive and long-lasting impacts on health, education and communities.

The Frank H. Sobey Awards in Business Studies annually provide $10,000 to full-time business students from any Atlantic Canadian university.

Saint Mary's University named its commerce program the Sobey School of Business.

Sobey and his wife Irene acquired a significant art collection that included works by Cornelius Krieghoff, Tom Thomson and notable Group of Seven members A. Y. Jackson and Arthur Lismer.

The collection can be seen today at Crombie House, Sobey's former residence in Abercrombie, Nova Scotia.

1985

In 1985, he was made an Officer of the Order of Canada and was inducted into the Canadian Business Hall of Fame.

He died in Halifax in 1985 at the age of 83.

The Sobey Art Foundation was established in 1985 with a mandate to maintain and augment the collection.

The foundation's Sobey Art Award is Canada's largest prize for young Canadian artists.

It is awarded every two years to an artist 39 years of age or younger who has exhibited work in a public or commercial art gallery in Canada during the previous 18 months.

The winner receives up to $70,000 and the 3 runners-up $1,000.