Net Worth : $2.9 Billion
The Sobey family is rich and famous today, all thanks to the industriousness of Frank H. Sobey, a Canadian businessman and entrepreneur who was the founder of the Sobeys Stores chain. He was also among the investors who founded Clairtone, and he also acquired a number of establishments throughout his active years as a businessman.
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From movie theatres to substantial commercial and residential estate holdings, Sobey established his business empire that has so far become a major force to be reckoned with. Today, the Sobey family is worth $2.9 billion, which makes it one of the richest families in Canada. In 1982, Sobey bestowed the Sobey Foundation to give out funding for crucial initiatives that have a long-lasting and positive impact on education and health for communities.
Together with his wife, Sobey obtained a considerable art collection that included works by Tom Thomson and Cronelius Krieghoff. Today, his collection can be viewed at his former residence located in Stellarton. He established the Sobey Art Foundation in 1985 with a directive to add to the art collection. The Sobey Art Award is actually the largest prize in Canada for young artists (below 39 years of age) in the country. Winners of the award are usually prized with up to $70, 000.