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Bob Dhillon
Founder, President & CEO at Mainstreet Equity Corp.
Professional Background
Bob Dhillon is an esteemed entrepreneur known for his remarkable impact on the Canadian real estate market and beyond. He is the President, CEO, and founder of Mainstreet Equity Corp (TSX: MEQ), a company that has achieved an impressive 1,270% total return on investment from September 2003 to September 2014, earning it the distinction of Canada’s highest-performing real estate company. Under Mr. Dhillon’s visionary leadership, Mainstreet has grown to manage assets valued at over $2 billion, comprising nearly 13,000 apartment units in Western Canada. The company's mission is to enhance the quality of life for middle-class Canadians by providing affordable rental accommodations, and it has become a market leader in this essential sector.
In addition to his role at Mainstreet, Mr. Dhillon serves as the owner of National Payments, which is recognized as a Visa and MasterCard approved Merchant Processing business in the financial service industry. His influence extends to the national level, as he currently sits on the Board of the Canadian Mortgage and Housing Corporation (CMHC), the largest Canadian Crown Corporation focused on housing and development.
Mr. Dhillon also enjoys a prestigious position as the Honorary Consul General for Belize in Canada. He owns an exquisite 3,000-acre private island in Belize, which he is transforming into a luxury resort that promises to be a world-class destination.
Education and Achievements
Mr. Dhillon boasts a robust educational background that laid the foundation for his entrepreneurial success. He began his academic journey at Lakehead University, where he studied Commerce, before pursuing a degree in Business Administration at the University of Western Ontario. He later earned his Master of Business Administration (MBA) from the Richard Ivey School of Business, completing it in 1998. In recognition of his contributions to business and education, the University of Lethbridge honored him in March 2018 by renaming their business school to the Dhillon School of Business. This institution aims to foster innovative educational approaches focused on the future of learning.
Over the years, Mr. Dhillon has garnered numerous accolades for his significant contributions to the business sector and the community. He received an Honorary Doctorate of Laws degree from the University of Lethbridge in 2019 and a similar honorary degree from Lakehead University in 2017. His entrepreneurial prowess was recognized when he was awarded the Ernst & Young 2015 Entrepreneur of the Year for the Prairies in the Real Estate & Construction category. His steadfast commitment to social causes earned him a place as one of the 2015 RBC Top 25 Canadian Immigrant Award winners and the honor of receiving the Queen’s Diamond Jubilee Medal.
Further, Alberta Venture magazine recognized Mr. Dhillon as one of Alberta’s 50 Most Influential People, a testament to his significant impact on the region. In 2016, he was named one of the 25 Most Influential Indians in North America and received the Sikh Awards Business Man of the Year in London, UK. His contributions to the community were also acknowledged by the India Centre of Manitoba and the University of Winnipeg with a Lifetime Achievement award in 2016.
Philanthropy
Mr. Dhillon's commitment to giving back to society is evident through his extensive philanthropic efforts. He made a transformative gift of $10 million to the University of Lethbridge Faculty of Management, which is dedicated to enhancing the educational experience for future generations. Additionally, he established a $10,000 scholarship at Lakehead University, further supporting students in their pursuit of academic excellence.
His generosity extends beyond educational institutions; he has donated $500,000 to the town of San Pedro, Belize, demonstrating his dedication to uplifting the local community. Mr. Dhillon has also made significant contributions to underprivileged children in San Pedro, raising $60,000 to support their needs. In response to natural disasters in Alberta, he offered free apartment suites to victims of the Fort McMurray and Slave Lake fires, showcasing his compassionate and proactive approach to philanthropy.
Overall, Bob Dhillon embodies the spirit of entrepreneurship and community service. His journey from a commerce student to a celebrated business leader and philanthropist serves as an inspiring example to many aspiring entrepreneurs. Mr. Dhillon's passion for real estate, commitment to enhancing the lives of Canadians, and his philanthropic endeavors continue to have a lasting impact on both the business landscape and the communities he serves.