The Leon family is one of the most renowned and financially successful families in Canada. They have an estimated net worth of $815 million, and are currently ranked as one of the top 100 wealthiest families in the country. This family derives most of its wealth from its business empire, Leon’s Furniture Limited. The family owns the controlling interest in the company, while a percentage of the shares are traded publicly on the Toronto Stock Exchange.
Leon’s Furniture Limited was established by Ablan Leon in 1909. Ablan passed away in 1942, leaving the control of the business to his children, who expanded the original location and built new stores in southwestern Ontario. In 1969, the company went public. Over the years, it has consistently ranked among the leading furniture chains Canada. It has stores in all provinces, except British Colombia.
During the 100th anniversary of the company, Leon’s went into a partnership with the Boys and Girls Clubs of Canada. This is one of the leading charitable organizations that provide programs to the youth and children that support the healthy physical, social and educational development. Leon’s greatest competitors include Wholesale Furniture Brokers, Sears@Home, Sleep Country Canada, Lastman’s Bad Boy Furniture and Jeff Ware Arrow Furniture.