The Lalji family is one of the richest real estate billionaire families in Canada. The family that is headed by brothers Mansoor Lalji and Aminmohammed derive their fortune from their family business, Larco Investments, which specializes in hotels, retail properties, storage facilities and hotel management. The Larco Group of Companies was founded by Mansoor, Shiraz and Aminmohammed. The Lalji family net worth is estimated to be $2.5 billion, ranking it among the top 25 richest family in Canada at the moment.
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Larco Investments also owns holdings that include various shopping centers (including Whistler Village and Park Royal of Vancouver, industrial and office space, as well as residential buildings. Even though the company’s holdings are primarily in Western Canada, the company owns a number of hotels including Renaissance Toronto Hotel at Skydome and the Vancouver Airport Marriott. The family received a lot of media attention when its business made a purchase of 9 federal office properties for a price of $1.64 billion.
The Lalji family, which is also a very media-shy family, is also considered to be a highly prominent family amongst the South-Asian business community. In the past, it has been ranked as one of the top 100 South Asian business leaders. The family is also involved in philanthropic activities, and it has donated handsomely to various worthy causes.