Billionaire Profile
Elly Reisman
Global Rank
#2566

Image: Public domain | via Wikimedia Commons

Elly Reisman

CEO, Great Gulf Homes
CA
Real-Time Net Worth
$0.5B
As of December 2025
Age
75
Source
Homebuilding
Industry
real-estate
Citizenship
CA

Biography

Elly Reisman, born in 1950, is a prominent Canadian businessman and real estate developer. He is best known as the co-founder and chairman of Great Gulf Homes, a leading homebuilding company that has constructed over 80,000 homes across North America. With a career spanning decades, Reisman's wealth source is primarily homebuilding, and his achievements include shaping the residential real estate sector. His current net worth is estimated to be approximately $500 million, with some sources speculating that he could be a billionaire.

Wealth Over Time

In-Depth Profile

Early Life

Elly Reisman was born in 1950. He is married to Dragana Maznic, an interior designer. Reisman and Maznic have three children.

Rise to Success

Elly Reisman co-founded Great Gulf Homes with his brother in 1975. Great Gulf Homes is a Toronto-based company that has built more than 80,000 homes across North America. The Reisman family are also major shareholders in Ashton Woods Homes, an Atlanta-based homebuilder.

Key Business Strategies

Reisman's key business strategy involved the co-founding of Great Gulf Homes, a company that became a major player in the residential real estate sector. The company's success can be attributed to building high-quality homes and strategic ventures, such as their involvement with Ashton Woods Homes. Great Gulf Homes is known for constructing over 80,000 homes and the iconic One Bloor tower.

Philanthropy

Elly Reisman and his wife, Dragana Maznic, are generous philanthropists. They have established the HESEG Foundation for Lone Soldiers. The Foundation provides scholarships and other support. They have also supported the University of Toronto's Temerty Faculty of Medicine.

Career Milestones

1975

Co-founded Great Gulf Homes

Co-founded Toronto-based homebuilder Great Gulf Homes with his brother. The company has built over 80,000 homes across North America.

2013

Director of Ashton Woods Homes

Became a director of privately held Ashton Woods Homes.

Philanthropy & Social Impact

Education

HESEG Foundation for Lone Soldiers

$185M

The HESEG Foundation provides scholarships to non-Israelis joining the Israeli Defense Forces.

Education

The George and Ruth Reisman Family Scholarships

Unknown

Supports new generations of surgeon-scientists at the University of Toronto's Temerty Faculty of Medicine.