Sobey Family

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.

Read also : The 101 Richest People In Canada

frank sobey

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. 

Press Like If You Learnt Something New : )

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

"If I have seen further than others, it is by standing upon the shoulders of giants." Isaac Newton

The material in this site is purely for educational purposes only. In creating this side we have sourced info from many sites and would like to give credit to where it is due.We do not intend to infringe any website's copyrighted material and we use the information for educational purposes and use information that are public in nature and hopefully protected by freedom of information laws. Also, when I created this website years ago, I took many pictures from the internet that may infringe your copyright. I will be slowly taking all these down and if the picture that belongs to you or your company is still there, please drop me an email and I will remove the pictures. If you found that any article in this website infringe your rights please let us know and we will take it down. Thanks.


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)