Top 10 Richest Canadians

By Abhinandan Lawati

Although Canada is undoubtedly overshadowed by its neighboring country, United States, in every right, the country has produced a plethora of talented people over the years, ranging from singers to multi billionaires. In the list below, we will inspect some of the richest Canadians on the planet. 

richest canandians

Before we get to the list, here are some facts for you:

  • The combined fortune of the 10 Richest Canadians stand at $70 billion.
  • According to reports in 2013, Canada’s 86 richest families had more money that 11.4 million of the poorest Canadians. 
  • David Thomson and Family stands head and shoulders above the other rich families. Their net worth of $22.6 billion is 2 times more than their nearest competitor, Galen Weston. 
  • In 2013, Canada had 32 billionaires.
  • 50% of Canada’s population controls 80% of the country’s wealth
  • The median age of the top 1% rich in the country is 51 years old. A prove that the rich have put in time to make money as opposed to internet millionaires
  • Toronto is the richest neighborhood in Canada where the most number of wealthiest live

1. David Thomson and Family Net Worth : $22.6 billion

The media magnate, along with his family, has around $22.6 billion stacked in their bank vaults. After the passing away of his father in 2006, David succeeded his father as the chairman of Thomson Corporation. After Reuters merged with his company, David remained the chairman of the new entity Thomson Reuters as well. The Canadian stays in Toronto, Ontario. 

See Also : 10 Richest Media Tycoons In The World

2. Galen Weston Sr & Family Net Worth : $8.5 billion

Galen Weston Sr has a net worth of $8.5 billion. The successful entrepreneur goes about his day serving as the Executive Chairman of food processing company, George Weston Limited. The company is one of Canada’s leading bakers. 

3. Jim Pattison Net Worth : $7.3 billion

Jim Pattinson has a net worth of $7.3 billion. His lucrative company, Jim Pattison Group, is one of the largest privately held companies in Canada. The man serves as the Chief Executive Officer, Chairman, and Sole Owner of the company. He replenishes his energy levels in his mansion located in Vancouver.

4. James Irving Net Worth : $6 billion

James Irving, the lucky owner of J.D. Irving, has a net worth of $6 billion. The conglomerate is known to have holdings in transportation, forestry and food. The man gained large control of the conglomerate following the death of his father in 1992.

5. Arthur Irving Net Worth : $5.5 billion

Arthur Irving’s $5.5 billion fortune is bound to leave anyone jealous. The businessman is the proud owner of Oiling Company, Irving Oil. The man shares the ownership of the Irving companies along with his elder brother, James Irving.  

6. Jacqueline Desmarais & Family Net Worth : $5.1 billion

Jacqueline Desmarais & Family benefitted tenfold when Paul Desmarais Sr passed away last fall. The businesswoman holds the responsibility of controlling the enormous fortune derived from Power Corporation of Canada. 

Read Also : The 25 Richest Lawyers In The World

7. Saputo Family Net Worth : $4.3 billion

The Saputo Family has the Saputo dairy products to thank for their $4.3 billion fortune. Emanuele Lino Saputo leads the pack as the head of the family and the chairman of the manufacturer Saputo Inc. 

8. Bernard Sherman Net Worth : $3.9 billion

Bernard Sherman has a net worth of $3.9 billion and his decision to invest time and money in the pharmaceutical firm Apotex has paid him major dividends. He was already creating headlines as a teenager when he entered the Engineering Science Program in the University of Toronta aged 16.

9. Joseph Tsai Net Worth : $3.7 billion

Joseph Tsai, the founder of Chinese e-commerce giants Alibaba, has a net worth of $3.7 billion. Recently, following Alibaba’s IPO, the man’s fortunes multiplied, landing him a spot at this coveted list.

10. Darryl Katz Net Worth : $3.3 billion

Darryl Katz has a net worth of $3.3 billion and employees at Edmonton Oilers and Katz Group know him as their owner. The former lawyer has a degree in Arts from the University of Alberta and resides in Edmonton, Alberta.  

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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)