The Aquilini family is one of the wealthiest yet less flamboyant families in Canada. The financial success of this family was made possible by Luigi Aquilini, who built a family empire that has been the major source of this family’s wealth for decades. Luigi’s eldest son, Francesco Aquilini is the de facto boss and surrounds himself with top management talent. For 2 decades, he has assisted his father run the family business.
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Together with his 2 younger brothers, Paolo and Roberto, they have built up a diverse portfolio of holdings, made up of residential and commercial real estate and farmland in B.C and throughout Canada. They are currently planning and building condo towers in their hometown and the surrounding areas. Luigi, 80, has retreated to the family’s 5,000-acre farm in suburban Pitt Meadows, where he raises bees and grows cranberries and blueberries.
Francesco Aquilini and his father Luigi Aquilini
Members of the Aquilini family had always carried out their business endeavors quietly, until they were involved in a controversial and bitterly contested procurement of the Vancouver Canucks in 2004. The $300-million transaction and the subsequent court battle for ownership thrust the media-shy family into the public spotlight. Today, the family has an estimated net worth of $1.18 billion, which makes it one of the richest families in Canada.