Alex Shnaider

Alex Shnaider (born 3 August 1968) is a Soviet-born Canadian entrepreneur and former commodities trader. He co-founded the Midland Group with Eduard Shifrin.
== Early life ==
Shnaider moved with his family to Israel when he was 4, and then to Canada when he was 13. He graduated from York University in Toronto in 1991 with a bachelor's degree in economics.
== Midland Group ==
In 1994, Shnaider co-founded Midland Group—originally a steel producer—with former business partner Eduard Shifrin. The company operated in Ukraine before government-owned steel factories were privatized. In 1999, Midland Resources began buying shares in the Zaporizhstal steel mill. By 2001, Shnaider's consortium had bought 93 per cent of the mill for $70 million.
== Sports investments ==
Shnaider bought Jordan Grand Prix from Eddie Jordan in February 2005 for approximately US$50 million, and renamed it Midland F1 Racing for the 2006 Formula One season. On 9 September 2006, the team was sold to Spyker Cars.
In December 2007, Shnaider bought Israeli soccer team Maccabi Tel Aviv for an estimated 12 million euros. On 4 August 2009, Shnaider sold the club to Canadian property developer Mitchell Goldhar, after investing $20 million in the club. Goldhar took on Shnaider's 80 per cent stake in the club by agreeing to take on its financial commitments; he also paid $750,000 to the Maccabi Tel Aviv sports foundation for its 20 percent stake.
== Real estate ==
In March 2010, Shnaider invested in a property consortium that bought Toronto's King Edward Hotel for $50 million. The asset was purchased in a distressed sale from Lehman Brothers. Shnaider originally invested alongside three other real estate companies, Skyline International Development Inc., Dundee KE Inc., and Serruya Realty Group Inc. However, on 1 August 2012, Omni Hotels & Resorts CEO James D. Caldwell also took a stake in the hotel; and on 24 November 2015, Omni Hotels and Resorts announced that it had bought the other parties out and fully owned the hotel.
In 2011, Shnaider formed a Delton Retail fund, a property group, with N3 Real Estate, owned by Dutch businessman A.D.G van Dam.
On 30 December 2015, Shnaider invested NIS₪39 million in Mishorim Development Ltd., a real estate company controlled by developer Gil Blutrich. Shnaider had already invested alongside Blutrich in the King Edward Hotel, which Blutrich invested in via Skyline International Development Inc., a Mishorim subsidiary. On July 2016, he increased his holdings in this company from 21% to 37%.
== Personal life ==
Shnaider is married, has three daughters.
Schnaider is President of the Jewish Russian Community Centre of Ontario.
Category:Jordan Grand Prix
Category:Midland F1
Category:1968 births
Category:People
Category:Living people