Allan Slaight, Slaight Family

The Slaight Family is one of the most renowned families in Canada.  Due to its incredible wealth that is estimated to be $2.0 billion, the family is ranked as one of the wealthiest families in the country. This family owes its fortune and fame to one Allan Slaight, a Canadian media magnate who ventured into radio in the late 1940s.

Slaight started off as an On-air reporter with CHAB in Moose, Jaw, and in 1965 he became the General Manager of CHUM Radio in Toronto. A couple of years later, he became a force to be reckoned with in the media industry after he purchased a number of radio stations in Montreal and in Toronto. Soon after, he merged with IWC Communications and also bought Standard Broadcasting Corporation.

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In 2007, Slaight sold 2 television stations and a total of 53 radio stations, effectively the entire Standard’s broadcasting assets at a price of $880 million Canadian dollars. Besides being a highly successful businessman, this 82-year old media tycoon is also an avid philanthropist. In January 2012, he announced a CAD$50 million pledge to the Princess Margaret Foundation. He and his wife, Emmanuelle Gattuso, also run The Slaight Family Center for Youth in Transition, which focuses on helping mentally challenged youths.   

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References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)