Brookfield Corporation

{{Main|Edper Investments}}

In 1959, Edper Investments, founded by brothers Peter and Edward Bronfman, acquired Brazilian Traction, Light and Power Company for $15 million.

{{Main|Brascan}}

The company was founded in 1899 as the São Paulo Tramway, Light and Power Company by William Mackenzie and Frederick Stark Pearson. It operated in the construction and management of electricity and transport infrastructure in Brazil.

In 1904, the Rio de Janeiro Tramway, Light and Power Company was founded by Mackenzie’s group.{{Cite news |last=Regehr |first=Theodore |title=Mackenzie, Sir William |url=http://www.biographi.ca/en/bio/mackenzie_william_15E.html |access-date=December 8, 2013 |publisher=Dictionary of Canadian Biography}}

In 1912, Brazilian Traction, Light and Power Company was incorporated in Toronto as a public company to develop hydro-electric power operations and other utility services in Brazil, becoming a holding company for São Paulo Tramway Co. and Rio de Janeiro Tramway Co.{{Cite web |title=Brascan Corporation History |url=http://www.fundinguniverse.com/company-histories/brascan-corporation-history/ |access-date=December 8, 2013 |publisher=International Directory of Company Histories}} In 1916, Great Lakes Power Company was incorporated to provide hydro-electric power in Sault Ste. Marie and the Algoma District in Ontario.{{Cite web |title=Industries: Business History of Utilities |url=http://www.businesshistory.com/ind._utilities.php |access-date=December 8, 2013 |publisher=Business History}}

In 1966, Brazilian Traction, Light and Power Company changed its name to Brazilian Light and Power Company, and again in 1969, changed its name to Brascan Limited. Brascan is a portmanteau of “Brasil” and “Canada”.{{cite news |last=Kandell |first=Jonathan |title=In the Epic Battle Between Brookfield and Blackstone, Who Wins? |url=https://www.institutionalinvestor.com/article/b1khz0jwnktxtf/In-the-Epic-Battle-Between-Brookfield-and-Blackstone-Who-Wins |work=Institutional Investor}}

During the 1970s, the company began to sell its Brazilian interests, and invested more heavily in industries such as real estate, timber and mining.{{cite news|first=Michael|last=Santoli|title=A Different Kind of Buyout Firm|url=https://www.barrons.com/articles/SB117228810875118239?tesla=y|date=February 24, 2007|work=Barron's}}

In 1979, the last of the company’s Brazilian assets were transferred to Brazilian ownership (Eletropaulo and Light S.A.), the company meanwhile having diversified to other areas. The company provided electricity and tram services in São Paulo and Rio de Janeiro. After restructuring, the company’s Brazilian portfolio operated as Light S.A., short for Brazilian Traction, Light and Power Co. Ltd.{{Cite web |title=Brazilian Traction Light and Power Company Ltd. |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=106897980 |archive-url=https://archive.today/20131205023220/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=106897980 |url-status=dead |archive-date=December 5, 2013 |access-date=December 4, 2013 |publisher=Bloomberg L.P.}}

In 1992, Brookfield and Johnson Controls was established through a merger in Canada of Brookfield and Johnson Controls{{emdash}}a building systems and facility management company that was founded in the late 19th century by Warren S. Johnson, whose invention of the first electric room thermostat helped launch the building control industry.{{cite news |last=Martin |first=Chuck |title=Johnson Controls a model for future |url= https://www.newspapers.com/clip/58154095/ |newspaper= Wisconsin State Journal |location=Madison, Wisconsin |date= April 11, 1985 |via= Newspapers.com {{open access}} }}{{Cite news| title = Brookfield and Johnson Controls to merge Australian and New Zealand property and facility services operations to create Brookfield Johnson Controls| location = Sydney, Australia| access-date = December 21, 2022 | date = November 22, 2012 | url = https://investors.johnsoncontrols.com/news-and-events/press-releases/johnson-controls-inc/2012/22-11-2012}} By 2012, Brookfield and Johnson Controls became an established industry leader with 11,500 locations across Canada. In 2007, Brookfield Asset Management acquired the Multiplex, an Australian international construction contracting company{{Cite news| last = Luciw| first = Roma| title = Brookfield Asset makes $6.5-billion bid for Multiplex Group| work = The Globe and Mail| access-date = December 21, 2022 | date = June 11, 2007 | url = https://www.theglobeandmail.com/report-on-business/brookfield-asset-makes-65-billion-bid-for-multiplex-group/article1086766/}} founded in 1962 by John Roberts.{{cite web|url=http://www.theage.com.au/news/business/multiplex-founder-roberts-dies-at-72/2006/06/08/1149359883909.html?page=fullpage#contentSwap|work=The Age|author=Miriam Steffens|title=Multiplex founder Roberts dies at 72|date=June 9, 2006|accessdate=June 12, 2006}} which was valued at that time at approximately A$7.3 billion.{{cite web|url=http://www.brookfield.com/newsroom/multiplexprofile.asp|title=Brookfield's Proposed Acquisition of Multiplex Group|work=brookfield.com|url-status=dead|archive-url=https://web.archive.org/web/20080213160833/http://www.brookfield.com/newsroom/multiplexprofile.asp|archive-date=February 13, 2008}} It was renamed Brookfield Multiplex in 2016.{{cite news |last1=Wilson |first1=Robyn |title=Brookfield Multiplex rebrands to create 'unique identity' |url=https://www.constructionnews.co.uk/news/contractors-news/brookfield-multiplex-rebrands-31-08-2016/ |work=Construction News|date=August 31, 2016 |language=en}} In 2012 Brookfield Asset Management and Johnson Controls Global WorkPlace Solutions (GWS) merged to create Brookfield Johnson Controls.

In April 1997, the Edper Group Ltd. announced its intention to merge with its subsidiary Brascan Ltd. At the time, Edper owned 47 per cent of Brascan shares. If approved, the merger would create a new $8 billion company."Edper wants to create $8B entity with merger," Financial Post, (30 April 1997), 3. Robert Harding, president of Edper, stated that the intention of the merger was "furthering the simplification initiative that we started in 1993."John Heinzl, "Edper Group, Brascan to merge," Globe and Mail, (30 April 1997), B4. On 10 July 1997, special meetings of both companies were held, and both groups of shareholders voted in favour of the merger.Dan Westell, "Investors approve Brascan-Edper deal," Financial Post, (11 July 1997), 7. On 1 August 1997, the new EdperBrascan Corporation came into being as an Ontario corporation (number 1249197).

In 2002, Bruce Flatt was appointed CEO of Brascan.{{cite news|title=Canada's Richest People: Bruce Flatt|url=https://archive.canadianbusiness.com/lists-and-rankings/richest-people/rich-100-bruce-flatt/|date=December 24, 2015| website=Canadian Business}}

In June 2005 Noranda, which was 41%-owned by Brascan, merged with Falconbridge Limited,{{cite news |url=https://www.torys.com/work/2005/06/noranda-and-falconbridge-merge |title=Noranda and Falconbridge merge | Work | Torys LLP }} and in August 2005 Brascan decided to sell its mineral holdings, to Xstrata.{{cite news |url=https://www.canadianminingjournal.com/news/doing-some-digging-20-of-falconbridge-snapped-up-by-xstrata/ |title=DOING SOME DIGGING – 20% of Falconbridge snapped up by Xstrata |date=August 17, 2005 }}

In September 2005, after 37 years, Brascan Corp. was renamed to Brookfield Asset Management Inc.{{Cite news |last=Won |first=Shirley |date=September 16, 2005 |title=What's in a name? Plenty if it's Brascan |work=Globe and Mail |url=https://www.theglobeandmail.com/report-on-business/whats-in-a-name-plenty-if-its-brascan/article1124065/ |access-date=April 16, 2020 |archive-url=https://web.archive.org/web/20160422192021/https://www.theglobeandmail.com/report-on-business/whats-in-a-name-plenty-if-its-brascan/article1124065/ |archive-date=April 22, 2016}} Between 2013 and 2018, the company and its subsidiaries invested approximately $10 billion in Brazilian energy, infrastructure and real estate developments, including acquisitions of oil pipelines from energy companies such as Petroleo Brasileiro SA.{{cite news|first=Tatiana|last=Bautzer|title=How Canada's Brookfield snatched bargain assets amid Brazil panic|url=https://www.reuters.com/article/us-brookfield-brazil/how-canadas-brookfield-snatched-bargain-assets-amid-brazil-panic-idUSKCN1IM0EV|date=May 21, 2018|work=Reuters}}

In 2015, Brookfield Asset Management became the ultimate parent company of what is now Brookfield Global Integrated Solutions (BGIS), when it acquired control of Brookfield Johnson Controls from its joint venture partner, Milwaukee-based Johnson Controls.{{Cite news| title = Brookfield Asset Management winner of 2020 PE Deal of the Year for BGIS | work = CVCA Central| access-date = December 21, 2022 | date = June 12, 2020| url = https://central.cvca.ca/award-spotlight-brookfield-asset-management-winner-2020-pe-deal-year-bgis}} At that time, an activist investor had been putting pressure on Johnson Controls to divest of its real estate division. The facilities management business was renamed Brookfield Global Integrated Solutions (BGIS) as part of Brookfield’s plan to establish a “leading global facilities management provider”. BGIS expanded rapidly following Brookfield's taking control of BGIS in 2015, In 2016, when BGIS acquired the US-based data centre facility management service{{emdash}}McKinstry FMS{{emdash}}which had over “350 engineers, technicians, planners and program managers”, BGIS became one of the largest facility management companies serving data centres in North America. By 2017, when Gord Hicks was named as Toronto-based BGIS’ CEO, the company had 7,000 staff members and 100 clients in the United States, the United Kingdom, Asia, and Canada,{{Cite news| title = Gord Hicks named CEO of Brookfield GIS| work = Real Estate Industry Management Industry News (REMINET)| access-date = December 21, 2022| date = May 4, 2017| url = https://www.reminetwork.com/articles/gord-hicks-named-ceo-brookfield-gis/}} which included contracts with the Canadian federal government. By 2022, according to a Carleton University School of Public Policy and Administration analysis of federal government contracts for real estate management, the Government of Canada spent over $1 billion on contracts with BGIS in 2021–2022, representing the largest vendor contracts at that time.{{Cite report| publisher = School of Public Policy and Administration (SPPA), Carleton University |series=Government of Canada Contract analysis | title = Core departments and agencies: a Carleton SPPA Research Project| location = Ottawa, Ontario, Canada| access-date = December 21, 2022 | date = August 16, 2022 | url = https://govcanadacontracts.ca/core/}} The vendor with the second largest federal government contracts in 2021–2022 was IBM Canada with a contract valued at c. 476 million. In 2019, Brookfield Asset Management sold its BGIS shares to CCMP Capital Advisors{{emdash}}an American private equity investment firm{{emdash}}for over CAD$1.3 billion with Hicks remaining as CEO.{{Cite news| last1 = Morphy| first1 = Erika| title = Brookfield Sells Facilities Management Unit for $1B| work = Globe St.| access-date = December 21, 2022 | date = March 11, 2019| url = https://www.globest.com/sbm-gbst/2019/03/11/brookfield-sells-facilities-management-unit-for-1b/}} and was awarded the 2020 Private Equity Deal of the Year for the BGIS sale.

By 2018, Brookfield’s major public subsidiaries included Brookfield Infrastructure Partners, Brookfield Renewable Partners, Brookfield Property Partners, and Brookfield Business Partners.{{Cite news |last=Brewer |first=Reuben Gregg |date=September 16, 2018 |title=Better Buy: Brookfield Infrastructure Partners L.P. vs. Brookfield Asset Management Inc. |language=en |work=The Motley Fool |url=https://www.fool.com/investing/2018/09/16/better-buy-brookfield-infrastructure-partners-lp-v.aspx |access-date=October 1, 2018}} In August 2018, Brookfield purchased Westinghouse Electric Company, a manufacturer of large nuclear reactors, out of bankruptcy for $4.6 billion.{{Cite news |last=Deveau |first=Scott |date=March 27, 2019 |title=Brookfield Shuns 'Eat-What-You-Kill' in Private Equity Build-Out |publisher=Bloomberg |url=https://www.bloomberg.com/news/articles/2019-03-27/brookfield-shuns-eat-what-you-kill-in-private-equity-build-out |url-status=live |archive-url=https://web.archive.org/web/20190329002527/https://www.bloomberg.com/news/articles/2019-03-27/brookfield-shuns-eat-what-you-kill-in-private-equity-build-out |archive-date=March 29, 2019}}

On March 13, 2019, Brookfield Asset Management announced that it had agreed to buy most of Oaktree Capital Management for about $4.7 billion, creating one of the world's largest alternative money managers.{{Cite web |title=Brookfield to Acquire 62% of Oaktree Capital Management |url=https://www.nasdaq.com/press-release/brookfield-to-acquire-62-of-oaktree-capital-management-20190313-00526 |access-date=March 14, 2019 |website=NASDAQ.com |language=en-us}} On July 31, 2019, the sale of Vodafone New Zealand Limited to a consortium comprising Infratil Limited and Brookfield Asset Management Inc. was settled.{{cite web |url=https://www.bellgully.com/about-us/firm-news/vodafone-group-plc-settles-vodafone-new-zealand-sale-to-consortium |title=Bell Gully |website=www.bellgully.com |url-status=dead |archive-url=https://web.archive.org/web/20190802003822/https://www.bellgully.com/about-us/firm-news/vodafone-group-plc-settles-vodafone-new-zealand-sale-to-consortium |archive-date=August 2, 2019}}

In a deal in October 2019, Brookfield bought The Leela Palaces, Hotels and Resorts, an Indian luxury hotel chain located in New Delhi, Bengaluru, Chennai, Udaipur, in a US$530 million settlement, marking the entry of Brookfield in India's hospitality market.{{Cite web|title=Hotel Leelaventure Limited completes sale transaction with Brookfield|url=https://www.theleela.com/the-leela/media/press-releases/hotel-leelaventure-limited-completes-sale-transaction-with-brookfield/|access-date=August 24, 2021|website=www.theleela.com|archive-date=August 24, 2021|archive-url=https://web.archive.org/web/20210824064024/https://www.theleela.com/the-leela/media/press-releases/hotel-leelaventure-limited-completes-sale-transaction-with-brookfield/|url-status=dead}}{{Cite web|last=Sapam|first=Bidya|date=October 22, 2019|title=Hotel Leelaventure completes sale of assets to Brookfield|url=https://www.livemint.com/companies/news/hotel-leelaventure-completes-sale-of-assets-to-brookfield-11571754320592.html|access-date=August 24, 2021|website=mint|language=en}}{{Cite web|date=October 26, 2019|title=Most beautiful 5-star hotel in Udaipur, Leela gets sold, Brookfield purchases for 2.13 billion|url=https://english.newstracklive.com/news/brookfield-purchased-5-star-hotel-leela-in-udaipur-mc23-nu-1044672-1.html|access-date=August 24, 2021|website=News Track|language=English}}

In 2020, in response to the COVID-19 pandemic, Brookfield’s CEO Bruce Flatt assessed that the economic fallout was “much more manageable” than previous meltdowns.{{Cite news |date=March 23, 2020 |title=Brookfield CEO sees coronavirus market meltdown as 'manageable' |newspaper=Financial Post |url=https://business.financialpost.com/news/fp-street/brookfield-ceo-sees-coronavirus-market-meltdown-as-manageable |access-date=May 12, 2020 |language=en-CA|last1=Deveau |first1=Scott }}

In October 2020, Mark Carney, departing Governor of the Bank of England, became a vice-chair of Brookfield, leading the firm’s environmental, social and governance (ESG) and impact fund investment strategy.{{Cite news|title=Mark Carney, ex-head of Bank of Canada and Bank of England, joins Brookfield Asset Management|work=CBC News|url=https://www.cbc.ca/news/business/brookfield-carney-1.5700287}}{{Cite news|title=Former central banker Mark Carney joins Brookfield to lead environmental, socially driven investing|url=https://www.theglobeandmail.com/business/article-former-central-banker-mark-carney-joins-brookfield-to-lead/|access-date=January 20, 2021}}

On April 25, 2022, it was announced the Brookfield and Simon Property Group were set to offer to buy Kohl’s.{{Cite web |last=Stein |first=Sanford |title=Simon and Brookfield Pursue Kohl's to Join Rival J.C. Penney |url=https://www.forbes.com/sites/sanfordstein/2022/05/01/simon-and-brookfield-pursue-kohls-to-join-rival-jc-penney/ |access-date=May 11, 2022 |website=Forbes |language=en}}

In November 2022, the Canada Pension Plan Investment Board (CPPIB) bought Brookfield's portfolio of Indian road assets for $1.2 billion.https://mnacritique.mergersindia.com/news/cpp-investments-to-buy-brookfields-india-roads-portfolio-in-rs-9-3k-crore-deal/

In August 2022, Intel signed a $30{{nbsp}}billion partnership with Brookfield to fund its recent factory expansions. As part of the deal, Intel would have a controlling stake by funding 51% of the cost of building new chip-making facilities in Chandler, Arizona, with Brookfield owning the remaining 49% stake, allowing the companies to split the revenue from those facilities.{{cite news |url=https://www.wsj.com/articles/intel-inks-30-billion-funding-partnership-with-brookfield-to-finance-chip-factory-expansion-11661254261 |title=Intel Signs $30 Billion Funding Partnership With Brookfield to Finance Chip-Factory Expansion |date=August 23, 2022 |work=The Wall Street Journal |first=Asa |last=Fitch |url-access=subscription |archive-url=https://archive.today/20220823150737/https://www.wsj.com/amp/articles/intel-inks-30-billion-funding-partnership-with-brookfield-to-finance-chip-factory-expansion-11661254261 |archive-date=August 23, 2022 |url-status=live}}{{cite news |url=https://www.ft.com/content/0a9a5439-391f-4689-bd5a-775c21dea026 |title=Intel seals $30bn partnership with Brookfield to fund chip factories |date=August 23, 2022 |work=Financial Times |url-access=limited |first1=Antoine |last1=Gara |first2=Anna |last2=Gross}}

On December 9, 2022, the company’s name was changed from Brookfield Asset Management Inc. to Brookfield Corporation. Brookfield Corporation then spun-off 25% interest in their asset management business into the new publicly listed Brookfield Asset Management Ltd.{{Cite web |title=Brookfield Corporation Successfully Completes Distribution of 25% Interest in its Asset Management Business |url=https://bam.brookfield.com/press-releases/brookfield-corporation-successfully-completes-distribution-25-interest-its-asset |access-date=December 13, 2022 |website=Brookfield Asset Management (BAM) |language=en}}{{Cite web |last=LLC |first=S&P Dow Jones Indices |title=Brookfield Asset Management Inc. (TSX:BAM.A) asset management business spinoff |url=https://www.newswire.ca/news-releases/brookfield-asset-management-inc-tsx-bam-a-asset-management-business-spinoff-895876333.html |access-date=December 13, 2022 |website=www.newswire.ca |language=en}}

In April 2023, it was reported by Bloomberg that Brookfield Corporation had defaulted on $161.4 million worth of office building mortgages, mostly in the Washington D.C. area, due to high office vacancy and interest rates.https://www.forbes.com/sites/katherinehamilton/2023/04/18/real-estate-giant-brookfield-reportedly-defaults-on-second-major-office-portfolio-this-year-heres-why-it-matters/ Two months before, Brookfield defaulted on $784 million in mortgages for two Los Angeles office towers. It was suggested the defaults were a strategy to renegotiate commercial mortgages.https://financialpost.com/fp-finance/brookfield-shares-weighed-down-real-estate-concerns-spinoff

In 2024, Brookfield Asset Management entered into an agreement with Microsoft to develop around 10.5 gigawatts of new renewable energy capacity to build new wind and solar farms.{{cite news|title=Microsoft, Brookfield to partner on renewable energy projects |date=1 May 2024 |url=https://www.reuters.com/sustainability/climate-energy/microsoft-power-data-centers-with-brookfield-renewables-deal-ft-says-2024-05-01/ |access-date=1 May 2024}}

On 23 September 2024, Brookfield Asset Management announced that it had raised $2.4 billion for its Catalytic Transition Fund (CTF), which is supported by the United Arab Emirates to enhance climate finance in emerging markets. Launched at COP28 in Dubai in December 2023, the fund was anchored by a $1 billion commitment from ALTERRA, a UAE-based climate fund with a goal of attracting $250 billion in investments by 2030. Notable investors for CTF included Caisse de dépôt et placement du Québec, Prudential plc, and Temasek and GIC.{{cite news|title=Brookfield raises $2.4 billion for climate fund backed by UAE |date=23 September 2024 |url=https://www.reuters.com/business/brookfield-raises-24-billion-climate-fund-backed-by-uae-2024-09-23/ |access-date=30 September 2024}}

In September 2024, according to the Globe and Mail, while Brookfield chair Mark Carney was an economic adviser to then prime minister Justin Trudeau, Brookfield asked for $50 billion from pension and government funds to invest in Canadian assets.https://www.benefitsandpensionsmonitor.com/news/industry-news/brookfields-50bn-fund-proposal-sees-limited-interest-from-canadian-pension-funds/388617https://torontosun.com/opinion/columnists/mark-carneys-brookfield-cash-in-needs-scrutiny

In October 2024, Brookfield Asset Management outbid Segro to acquire European property company Tritax EuroBox for US$1.44 billion, including debt.{{Cite news |last1=A |first1=Shanima |last2=Wilkes |first2= Tommy Reggiori |date=October 10, 2024 |title=Brookfield to buy Tritax EuroBox for $1.44 bln, sparking potential takeover battle |url=https://www.reuters.com/markets/deals/tritax-eurobox-agrees-144-bln-deal-with-brookfield-snubs-segro-2024-10-10/ |publisher=Reuters |access-date=October 12, 2024}}

In November 2024, Brookfield committed an additional £900 million pounds to support Canary Wharf Group months after its credit rating was cut to “junk” status.https://www.cityam.com/canary-wharf-groups-credit-rating-cut-further-into-junk-amid-office-exodus/ The value of CWG’s office portfolio plunged by £1.5 billion to £4.27 billion after the COVID-19 pandemic caused a loss of tenants.https://www.reuters.com/markets/asia/canary-wharfs-pivot-looks-like-tall-order-2023-07-03/https://www.bbc.com/news/uk-england-london-66464057 Brookfield and Qatar Investment Authority had minority stakes in CWG until 2015 when the partners acquired 100% for an additional £2.6 billion.https://www.constructionnews.co.uk/sections/news/brookfield-completes-2-6bn-canary-wharf-takeover-20-04-2015/https://www.bnnbloomberg.ca/investing/2024/11/22/canary-wharf-owners-offer-cash-injection-to-help-refinance-debt/

Brookfield stated it was shifting towards residential properties and disposed of more than $10 billion of commercial properties from 2020 to 2022. In December 2024, Brookfield bought US student-housing communities for $893 million, eyeing communities that had growing student enrollment and limited supply. Brookfield also purchased, or was negotiating a $5 billion deal to obtain North American residential assets.https://www.bnnbloomberg.ca/business/2024/12/10/brookfield-fund-buys-893-million-us-student-housing-portfolio/

In January 2025, according to the Globe and Mail, it was announced that Brookfield had bought out its partners, CPPIB and Alberta Investment Management Corporation (AIMCo), in the Maritime Life Building in Toronto, which had been on the market for over two years without receiving a suitable offer.https://storeys.com/brookfield-2-queen-street-east-aimco-cppib/

In February 2025, Brookfield Asset Management acquired Kemelex from Envent Elektric for $1.7 billion.{{Cite web |date=2025-02-03 |title=Brookfield Completes Acquisition of Chemelex |url=https://bbu.brookfield.com/press-releases/bbu/brookfield-completes-acquisition-chemelex |access-date=2025-03-24 |website=Brookfield Business Partners |language=en}}

In September 2010, a group called Birch Mountain Shareholders for Justice filed a lawsuit with the Ontario Superior Court of Justice against Brookfield Asset Management, challenging an acquisition and transfer of assets.{{Cite news |last=Gray |first=Jeff |date=November 15, 2011 |title=Squeezed-out Birch Mountain shareholders take on Brookfield |newspaper=The Globe and Mail |url=https://www.theglobeandmail.com/report-on-business/industry-news/the-law-page/squeezed-out-birch-mountain-shareholders-take-on-brookfield/article4251993/ |access-date=July 21, 2022}} Birch Mountain had run into financial troubles and accused Brookfield of financial engineering that resulted in Brookfield acquiring the company's $1.6 billion limestone quarry for $50 million. According to Birch Mountain, Brookfield had made use of death spiral financing and insider trading. After five years of litigation the case was dismissed, based on the fact that Birch Mountain had failed to present credible evidence.McDonald v Brookfield Asset Management Inc, [https://www.canlii.org/en/ab/abqb/doc/2015/2015abqb281/2015abqb281.html 2015 ABQB 281] In May 2015, the plaintiffs filed a notice of appeal, but their case was likewise dismissed two years later.{{Cite news|date=June 1, 2017|title=Former Flame Lanny McDonald's investment fight doused by Supreme Court|work=CBC News|url=https://www.cbc.ca/news/canada/calgary/lanny-mcdonald-birch-resources-invetment-supreme-court-1.4141351}}

In 2009, Brookfield sued financial and insurance giant American International Group (AIG) in a Manhattan federal court, alleging that AIG’s collapse caused default provisions in interest-rate swaps. The suit stemmed from AIG’s acceptance of a $182.3 billion bailout package from the federal government, which Brookfield argued overturned AIG’s bankruptcy protection. The insurance firm countersued, claiming that Brookfield was trying to get out of its $1.5 billion debt to AIG. The litigation ended with Brookfield paying $905 million to settle the lawsuit.{{Cite web |date=September 24, 2013 |title=AIG, Brookfield End Litigation Over Financial Crisis |url=https://www.insurancejournal.com/news/national/2013/09/24/306101.htm |access-date=May 28, 2020 |website=Insurance Journal |language=en-US}}

In March 2013, the Southern Investigative Reporting Foundation called into question Brookfield’s makeup. The analysis written by Roddy Boyd accused the company of using a pyramidal control structure, alleging that a small group of shareholders hold outsized power and may easily use the capital of other investors without risking their own.{{Cite web|last=Boyd|first=Roddy|date=March 11, 2013|title=The Paper World of Brookfield Asset Management|url=https://ffj-online.org/2013/03/11/paper-world-of-brookfield-asset-management/|access-date=February 13, 2022|website=The Foundation for Financial Journalism|language=en-US}}{{Cite web|title=Is It Fair to Attack Brookfield - GuruFocus.com|url=https://www.gurufocus.com/news/212942/is-it-fair-to-attack-brookfield|access-date=February 13, 2022|website=www.gurufocus.com}}

In 2013, a Brazilian prosecutor filed charges against the company’s local division, alleging the company paid bribes to local officials, which is also a violation of U.S. federal criminal law. The bribes were allegedly used to pave the way for Brookfield to build a shopping center in São Paulo. The U.S. Securities and Exchange Commission also opened a formal investigation into the company about the bribery charges. The company denied the charges. The U.S. Department of Justice also opened a criminal investigation into the company regarding these allegations, and did not end up making any arrests.{{Cite news |last1=Karmin |first1=Craig |last2=Trevisani |first2=Paulo |date=March 8, 2013 |title=Brookfield Brazil Unit Draws SEC Scrutiny |work=The Wall Street Journal |url=https://www.wsj.com/articles/SB10001424127887324034804578344441155813784 |access-date=May 12, 2020 |issn=0099-9660}}{{Cite news |date=February 5, 2013 |title=Brookfield's Brazil mall operator charged with bribery |language=en |work=Reuters |url=https://www.reuters.com/article/brookfield-brazil-idUSL1N0B5O7U20130205 |access-date=May 12, 2020}} According to the Stanford Law School Foreign Corrupt Practices Act Clearinghouse, which studied the case, the investigation and filing of charges was initiated by a whistleblower and anonymous tip. Later it was revealed that the whistleblower was the former CFO of a Brookfield subsidiary. She claims she was fired for refusing to participate in Brookfield’s bribery scheme.{{Cite web|date=February 15, 2013|title=Brookfield: Notable Aspects of Corruption in Brazil|url=http://fcpamericas.com/english/brazil/brookfield-notable-aspects-of-corruption-in-brazil/|access-date=February 13, 2022|website=FCPAméricas|language=en-US}} The company disclosed the investigations on several 6-K forms between 2013 and 2015.{{Cite web |title=Foreign Corrupt Practices Act: Investigations Dataset |url=http://fcpa.stanford.edu/investigation.html?id=76 |access-date=May 12, 2020 |website=fcpa.stanford.edu}}

In August 2018, Brookfield signed a 99-year lease on the financially troubled 666 Fifth Avenue skyscraper, of Donald Trump’s son in law Jared Kushner. The deal raised suspicions that the Qatar Investment Authority, a major investor in Brookfield, was attempting to influence the Trump administration.{{Cite news |last=Levin |first=Bess |date=February 12, 2019 |title=Qatar Shocked, Shocked to Learn It Accidentally Bailed out Jared Kushner |work=Vanity Fair |url=https://www.vanityfair.com/news/2019/02/qatar-666-5th-ave-jared-kushner |access-date=January 21, 2020}}{{Cite news |title=Brookfield: inside the $500bn secretive investment firm |url=https://www.ft.com/content/595a77d0-3867-11ea-a6d3-9a26f8c3cba4 |access-date=May 12, 2020 |website=Financial Times|date=February 5, 2020 |last1=Vandevelde |first1=Mark }}

In November 2020, it was revealed that Brookfield might be partnering with telecommunications giant Rogers Communications to introduce condominiums to the site of the Rogers Centre, halving the space available for sport. The original multi-purpose stadium and its land cost $570 million, significantly funded by taxpayers, yet was sold 15 years later to Rogers for just $25 million.{{Cite news |last1=Rubin |first1=Josh |date=December 5, 2020 |title=Going, going … but not gone yet. What's next for the Rogers Centre? |url=https://www.thestar.com/business/2020/12/05/going-going-but-not-gone-yet-whats-next-for-the-rogers-centre.html |access-date=July 21, 2022 |newspaper=Toronto Star |id={{ProQuest|2467358120}} }}

In February 2021, Mark Carney, Vice chairman and Head of Impact Investing and ex Governor of the Bank of England, had to retract an earlier claim that the $600 billion Brookfield Asset Management portfolio was carbon neutral. He based his claim on the fact that Brookfield has a large renewable energy portfolio and “all the avoided emissions that come with that”.{{cite news|accessdate=March 4, 2021|title=Mark Carney Walks Back Brookfield Net-Zero Claim After Criticism|url=https://www.bloomberg.com/news/articles/2021-02-25/mark-carney-s-brookfield-net-zero-claim-confounds-climate-experts|newspaper=Bloomberg.com|date=February 25, 2021}} The claim was criticized as an accounting trick, as avoided emissions do not counteract the emissions from investments in coal and other fossil fuels responsible for a carbon footprint of about 5,200 metric tons of carbon dioxide.{{cite web|accessdate=March 4, 2021|title=The climate crisis can't be solved by carbon accounting tricks |last1=Lewis|first1=Simon|url=http://www.theguardian.com/commentisfree/2021/mar/03/climate-crisis-carbon-accounting-tricks-big-finance|date=March 3, 2021|website=The Guardian}} The company is actually aiming to be net-zero by 2050,{{Cite web|title=Brookfield's Net Zero Commitment|url=https://www.brookfield.com/responsibility/brookfields-net-zero-commitment|access-date=February 13, 2022|website=Brookfield|language=en}}{{Cite web|title=RE100 Members|url=https://www.there100.org/re100-members|access-date=February 13, 2022|website=RE100|language=en}}

A March 2024 article, criticized Brookfield for its complex structure and its circular flows of cash after buying and selling multiple properties to itself at high, pre-pandemic valuations. This structure was said to support an "expansive but loss-making portfolio of more than 200 malls and offices" around the world.https://financialpost.com/financial-times/how-much-does-brookfield-really-make#:~:text=The%20partnership%20lost%20US%242,while%20it%20negotiates%20with%20lenders.

The Centre for Inter­na­tional Cor­por­ate Tax Account­ab­il­ity and Research released a report in June 2023, which criticized Brookfield's lack of transparency and tax avoidance. In 2025, it was reported several entities of Brookfield Asset Management were registered to an address in Bermuda that also housed a bicycle shop.https://www.ctvnews.ca/federal-election-2025/article/more-brookfield-business-entities-registered-to-bermuda-building-that-houses-bike-shop/https://static1.squarespace.com/static/636a46c59a62847f542195d2/t/647de39f9c2ddd18a13087f8/1685971879856/BBB+Brookfield+Global+Tax+Report+ABSOLUTE+FINAL+EN.pdfhttps://torontostar.pressreader.com/article/281990381916773 Former chair, Mark Carney, defended Brookfield's tax structure during his run for prime minister in the 2025 Canadian federal election. The New Democratic Party estimated Canadians lost an estimated $5.3 billion in revenue due to Brookfield Asset Management’s tax avoidance between 2021 and 2024 when Mark Carney was at the company.https://www.ndp.ca/news/mark-carney-has-helped-brookfield-avoid-53-billion-taxes-2021

{{one source section|date=January 2019}}

For the fiscal year 2018, Brookfield Asset Management reported earnings of US$3.584 billion, with an annual revenue of $56.771 billion, an increase of 39.2% over the previous fiscal cycle. Brookfield Asset Management’s shares traded at over $38 per share, and its market capitalization was valued at over $40.8 billion in November 2018.{{Cite web |title=Reports & Filings |url=https://bam.brookfield.com/en/reports-and-filings |access-date=November 7, 2018 |website=bam.brookfield.com |language=en}}

Brookfield Asset Management’s shares traded at $32.71 per share, and its market capitalization was valued at over $54.23 billion on October 17, 2023{{Cite web |title=Yahoo Market |url=//finance.yahoo.com/quote/BAM/?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAKCDlOZtrwIJpxTcBpYVn7n0lEbSz2QTIE5tYHi12iIhTSZL6AhcjwixGb0txTkXgryoImUfECQ6hPADwxYdcMiSFVuPf9rB7ogRuMNJPiTAHLhAJbC4ZW7imuy2qLfuNV2PKcpQQIDqBHsLGIVccudZm60uv8N1q5piHxMXxPPJ |access-date=October 17, 2023 |website=bfinance.yahoo.com |language=en}}

1. Jack Lynn Cockwell, 1 August 1997 – February 2002
2. James Bruce Flatt, February 2002 – present

1. Jack Lynn Cockwell, 1 August 1997 – February 2002
2. James Bruce Flatt, February 2002 – 2005
3. Nicholas Howard Goodman, 12 December 2022 – present

1. Robert James Harding, 1 August 1997 – 5 August 2010
2. Francis Joseph McKenna, 5 August 2010 – present

• Edper Investments, the Bronfman holding company that controlled Brascan from 1979 to 1993
• List of real estate companies of Canada

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