Trending >

The ten richest Canadians, listed

Shopify CEO Tobias Lütke.

As of my knowledge cutoff date of September 2021, here are the top 10 richest people in Canada, according to Forbes’ Real-Time Billionaires list:

1. David Thomson and family – Net worth of $41.3 billion (media and publishing). The Richest Man in Canada

David Thomson, who is currently the richest person in Canada, made his fortune through media and publishing. He is the chairman of Thomson Reuters, a multinational media conglomerate that provides information services to businesses and professionals in various industries, including law, finance, and healthcare. Thomson’s family has a long history in media and publishing, dating back to the early 20th century when his grandfather, Roy Thomson, began building a media empire in Canada. Over the years, the family’s holdings expanded to include newspapers, television stations, and other media assets in Canada, the United States, and Europe. Today, the Thomson family is one of the wealthiest and most influential families in Canada, with a net worth estimated to be over $41 billion as of my knowledge cutoff date of September 2021.

2. Joseph Tsai – Net worth of $13.8 billion (Alibaba)

Joseph Tsai is a Canadian-Taiwanese businessman who made his fortune through co-founding the Chinese e-commerce giant Alibaba Group. He is currently the second-richest person in Canada, with a net worth of $13.8 billion as of my knowledge cutoff date of September 2021.

Tsai co-founded Alibaba in 1999 alongside Jack Ma, and the company quickly grew to become one of the world’s largest e-commerce and technology companies. Tsai served as the company’s chief financial officer until 2013, and he played a key role in the company’s successful IPO in 2014, which raised over $25 billion and set a new record for the largest initial public offering in history at the time. Tsai is also a prominent investor in various other companies, including the NBA’s Brooklyn Nets and the Premier Lacrosse League.

In addition to his business pursuits, Tsai is known for his philanthropy and advocacy work. He has been a strong supporter of social justice causes and has donated millions of dollars to various charities and organizations over the years.

3. Galen Weston and family – Net worth of $10.7 billion (retail)

Galen Weston is a Canadian businessman who made his fortune through retail. He is currently one of the richest people in Canada, with a net worth of $10.7 billion as of my knowledge cutoff date of September 2021.

Weston is the chairman of George Weston Limited, a Canadian food processing and distribution company that operates several major brands, including Loblaw Companies Limited, Weston Foods, and Shoppers Drug Mart. The company was founded by Weston’s grandfather, George Weston, in the early 20th century, and it has since grown to become one of the largest food and retail companies in Canada.

Weston has played a key role in expanding the company’s operations and increasing its market share. Under his leadership, George Weston Limited has made several strategic acquisitions, including the purchase of Shoppers Drug Mart in 2013, which created one of the largest retail chains in Canada. Weston is also known for his philanthropy and has donated millions of dollars to various charities and causes over the years.

4. James Irving – Net worth of $8.5 billion (diversified)

James Irving is a Canadian businessman who made his fortune through diversified industries, including forestry, shipping, construction, and energy. He is currently one of the richest people in Canada, with a net worth of $8.5 billion as of my knowledge cutoff date of September 2021.

Irving’s family has been involved in the forestry industry for generations, and he took over the family business in the 1970s. Under his leadership, the family’s holdings expanded to include several other industries, including shipping, construction, and oil and gas. Today, the Irving Group of Companies is one of the largest conglomerates in Canada, with operations in several countries around the world.

Irving is known for his business acumen and his ability to build successful companies in a variety of industries. He is also a prominent philanthropist and has donated millions of dollars to various charitable causes, including healthcare, education, and the arts.

5. Mark Scheinberg – Net worth of $7.9 billion (online gambling)

Mark Scheinberg is an Israeli-Canadian businessman who made his fortune through online gambling. He is the co-founder and former CEO of the online poker giant, PokerStars, which was one of the world’s largest online gambling sites before it was sold in 2014. As of my knowledge cutoff date of September 2021, his net worth is estimated to be around $5.7 billion.

Scheinberg co-founded PokerStars in 2001 with his father, Isai Scheinberg. The company quickly grew to become one of the most successful online gambling companies in the world, with millions of users playing poker on the site from around the globe. In 2014, the Scheinberg family sold their controlling stake in the company to Amaya Gaming for $4.9 billion, one of the largest deals in the history of online gambling.

Scheinberg has been recognized for his business success and was named to Forbes’ list of billionaires several times. He has also been involved in philanthropy, donating millions of dollars to various causes, including education, healthcare, and the arts.

6. Tobi Lütke – Net worth of $7.2 billion (Shopify)

Tobi Lütke is a German-born Canadian entrepreneur who made his fortune through e-commerce. He is the founder and CEO of Shopify, a Canadian e-commerce company that provides an online platform for small businesses to sell their products. As of my knowledge cutoff date of September 2021, Lütke’s net worth is estimated to be around $12.6 billion.

Lütke co-founded Shopify in 2006 with two partners, initially as a platform to sell snowboarding equipment online. However, the trio quickly realized that there was a significant demand for an easy-to-use e-commerce platform that would allow small businesses to sell their products online. They pivoted the company towards this market, and Shopify quickly grew to become one of the largest e-commerce platforms in the world, with over a million businesses using the platform to sell their products online.

Under Lütke’s leadership, Shopify has become one of the most successful technology companies in Canada and has expanded its operations to over 175 countries. Lütke is known for his vision, business acumen, and commitment to innovation. He has also been recognized for his philanthropy and has donated millions of dollars to various causes, including education and technology.

7. Garrett Camp – Net worth of $6.1 billion (Uber, Expa)

Garrett Camp is a Canadian entrepreneur who made his fortune through co-founding and co-leading several technology companies. He is the co-founder of StumbleUpon, a web discovery platform, and the co-founder and chairman of Uber, the ride-sharing giant. As of my knowledge cutoff date of September 2021, his net worth is estimated to be around $5.5 billion.

Camp co-founded StumbleUpon in 2002, which allowed users to discover new websites based on their interests. The platform became popular, and in 2007, it was acquired by eBay. After the sale of StumbleUpon, Camp turned his attention to the transportation industry and co-founded Uber in 2009 with Travis Kalanick. Uber revolutionized the transportation industry by introducing ride-sharing, and the company quickly grew to become one of the most valuable startups in the world.

Camp is known for his entrepreneurial spirit and innovative ideas. In addition to StumbleUpon and Uber, he has also co-founded several other companies, including Expa, a startup studio, and Mix, a messaging app. He has been recognized for his contributions to the technology industry and has received several awards, including the Innovator of the Year Award from the Wall Street Journal.

8. Chip Wilson – Net worth of $5.6 billion (Lululemon)

Chip Wilson is a Canadian entrepreneur who made his fortune through retail and fashion. He is the founder of Lululemon Athletica, a Canadian athletic apparel company that specializes in yoga wear. As of my knowledge cutoff date of September 2021, his net worth is estimated to be around $4.4 billion.

Wilson started his career in retail by founding a snowboard shop in the late 1970s. He later sold the shop and started a clothing company called Westbeach Snowboard Ltd, which became one of the most successful snowboarding apparel companies in the world. In 1998, Wilson sold Westbeach and decided to focus on a new venture – yoga wear.

Wilson founded Lululemon Athletica in 1998 with the goal of creating high-quality athletic apparel that was both functional and fashionable. The company quickly gained a following, and Lululemon became one of the most successful apparel companies in Canada. Under Wilson’s leadership, Lululemon expanded rapidly, opening stores in the United States, Europe, and Asia.

Wilson is known for his unconventional approach to business and his commitment to innovation. He has been recognized for his contributions to the fashion industry and has received several awards, including the Canadian Apparel Federation Retailer of the Year Award.

9. Anthony von Mandl – Net worth of $4.7 billion (beverages)

Anthony von Mandl is a Canadian entrepreneur who made his fortune in the wine industry. He is the founder and CEO of the Mark Anthony Group, a Canadian alcoholic beverage company. As of my knowledge cutoff date of September 2021, his net worth is estimated to be around $3.4 billion.

Von Mandl started his career in the wine industry in the late 1970s when he founded a wine importing company called Mark Anthony Brands. In 1984, he decided to produce his own wine and founded Mission Hill Family Estate in British Columbia. Mission Hill quickly gained a reputation for producing high-quality wines, and the winery became one of the most successful in Canada.

In addition to Mission Hill, von Mandl founded the Mark Anthony Group, which is now one of the largest alcoholic beverage companies in Canada. The company produces and markets a wide range of alcoholic beverages, including beer, wine, and spirits, and has operations in Canada, the United States, and the United Kingdom.

Von Mandl is known for his commitment to innovation and quality, and he has been recognized for his contributions to the wine industry. He has received several awards, including the Order of British Columbia and the Order of Canada.

10. Alain Bouchard – Net worth of $4.4 billion (convenience stores)

Alain Bouchard is a Canadian entrepreneur who made his fortune in the convenience store industry. He is the founder and executive chairman of Alimentation Couche-Tard, one of the largest convenience store chains in the world. As of my knowledge cutoff date of September 2021, his net worth is estimated to be around $3.3 billion.

Bouchard started his career in the convenience store industry in the early 1980s when he purchased a small convenience store in Quebec. He quickly realized the potential of the convenience store market and began to acquire other small stores, eventually forming Alimentation Couche-Tard in 1985.

Under Bouchard’s leadership, Alimentation Couche-Tard grew rapidly, expanding across Canada and into the United States and Europe. Today, the company has more than 16,000 stores in 26 countries, making it one of the largest convenience store chains in the world.

Bouchard is known for his entrepreneurial spirit and his commitment to customer service. He has been recognized for his contributions to the convenience store industry and has received several awards, including the Ernst & Young Entrepreneur of the Year Award.

It’s worth noting that the net worth of these individuals can change frequently due to market fluctuations and changes in the value of their assets. Additionally, this list only includes individuals whose net worth has been publicly disclosed and may not include all of the wealthiest people in Canada.

We Hate Paywalls Too!

At Cantech Letter we prize independent journalism like you do. And we don't care for paywalls and popups and all that noise That's why we need your support. If you value getting your daily information from the experts, won't you help us? No donation is too small.

Make a one-time or recurring donation

About The Author /

ChatGPT is a large language model developed by OpenAI, based on the GPT-3.5 architecture. It was trained on a massive amount of text data, allowing it to generate human-like responses to a wide variety of prompts and questions. ChatGPT can understand and respond to natural language, making it a valuable tool for tasks such as language translation, content creation, and customer service. While ChatGPT is not a sentient being and does not possess consciousness, its sophisticated algorithms allow it to generate text that is often indistinguishable from that of a human.
insta twitter facebook

Comment

RELATED POSTS