Nova Scotia has a rich history dating back thousands of years. The region was first inhabited by the Mi’kmaq people, who have lived in the area for at least 10,000 years.
In 1605, French explorer Samuel de Champlain established the first European settlement in Nova Scotia, Port Royal, which later became known as Acadia. In the years that followed, the British and French fought over control of the region, with the British ultimately gaining control in the mid-1700s.
Throughout the 18th and 19th centuries, Nova Scotia’s economy was largely based on the fishing and shipping industries, as well as mining and timber. The province played an important role in the American Revolution and the War of 1812, with Halifax serving as a key naval base for the British.
In the early 20th century, Nova Scotia’s economy began to diversify, with industries such as manufacturing, forestry, and tourism becoming increasingly important. During World War II, Halifax was an important port for the Allies, and the province played a significant role in the war effort.
In the post-war years, Nova Scotia experienced significant economic growth, with the emergence of industries such as energy, natural resources, and technology. Companies such as Irving Oil, Sobeys, and Emera became major players in their respective industries, and the province continued to attract investment and talent.
Today, Nova Scotia is home to a diverse economy, with a strong focus on industries such as healthcare, education, and the arts. The province also boasts a rich cultural heritage, with many historic sites and museums celebrating its long and fascinating history.
How were fortunes made in Nova Scotia?
Nova Scotia has a rich history of entrepreneurship and industry, with many fortunes made over the centuries. One of the earliest examples of wealth creation in the province was through the fishing and shipping industries, which allowed wealthy merchants and traders to export goods to markets in Europe and elsewhere. Mining also played an important role in the province’s economy, with companies like Dominion Coal Company becoming major producers of coal and exporting it around the world. More recently, industries like retail and grocery, energy and natural resources, and technology have emerged as drivers of wealth creation in Nova Scotia. The Sobey family built their fortune through their grocery chain, Sobeys, while the Irving family’s wealth comes from their interests in oil and gas, shipping, and other industries. The emergence of a thriving technology sector in Nova Scotia has also led to the creation of significant wealth for its founders and investors.
The Sobey Family, $2.88-billion
The Sobey family is a Canadian family known for its involvement in the retail and grocery industry. The family’s fortune comes primarily from Sobeys Inc., a national grocery chain that operates over 1,500 stores across Canada.
The family’s involvement in the grocery business began in 1907, when John William Sobey founded a small meat delivery business in Stellarton, Nova Scotia. Over time, the business grew and expanded into a chain of grocery stores, which became Sobeys Inc. Today, the company is one of the largest grocery retailers in Canada, with operations in several provinces and over 127,000 employees.
The Sobey family is also involved in other business ventures, including real estate development and investment, as well as philanthropy. The family is known for its generous donations to various charitable causes, particularly in the areas of health care, education, and the arts.
As of 2021, the Sobey family was estimated to have a net worth of over $3 billion CAD, making them one of the wealthiest families in Canada.
The Empire Company is a Canadian holding company that owns a number of assets across several industries. Its primary asset is Sobeys, a grocery and retail company that operates over 1,500 stores across Canada. In addition to its retail operations, Empire also owns a number of real estate assets, including shopping centers and other commercial properties. Empire also operates a real estate investment trust (REIT), which owns and manages a portfolio of properties across Canada. Beyond its real estate holdings, Empire has investments in several other industries, including the oil and gas sector, where it owns a stake in the Canaport LNG terminal in New Brunswick. Finally, Empire owns a number of financial assets, including a significant stake in the Canadian investment firm, Brookfield Asset Management.
Kenneth Rowe, $1.48-billion
I apologize for the mistake in my previous response. Kenneth Rowe is indeed still alive, and I regret any confusion my error may have caused.
Kenneth Rowe is a Canadian businessman and philanthropist from Nova Scotia who is best known for founding IMP Group Limited, a diversified global company with interests in aerospace, aviation, healthcare, and information technology. As mentioned earlier, he started IMP Group in 1967 as a small regional air charter service based in Halifax, Nova Scotia, and the company has grown significantly since then.
Kenneth Rowe is known for his entrepreneurial spirit, business acumen, and philanthropic efforts. He has been involved in various business ventures and has invested in several startups, particularly in Atlantic Canada, where he has been a strong supporter of entrepreneurship and innovation. He has also been actively involved in various charitable organizations and causes, including healthcare, education, and the environment.
Kenneth Rowe has received numerous honors and awards over the years in recognition of his contributions to business and philanthropy, including the Order of Canada and the Order of Nova Scotia. He continues to be a highly respected and influential business leader in Atlantic Canada and beyond.
John Bragg, $1.29 Billion
John Bragg is a Canadian businessman and philanthropist who is best known for his role in founding Oxford Frozen Foods, one of the world’s largest suppliers of frozen wild blueberries and other frozen fruits and Eastlink.
Bragg is the founder of Eastlink, a telecommunications company based in Halifax, Nova Scotia. Bragg founded Eastlink in 1971 as a cable television provider, and the company has since expanded to provide internet, telephone, and wireless services in various parts of Canada.
Under Bragg’s leadership, Eastlink has grown to become one of the largest telecommunications providers in Canada, with over 1,000 employees and operations in multiple provinces. Bragg has received numerous awards for his contributions to the industry, including being inducted into the Canadian Cable Hall of Fame in 2012.
Today, Eastlink continues to be a major player in the Canadian telecommunications market, offering a wide range of services to both residential and business customers.
In 1968, John Bragg and his brother started Oxford Frozen Foods in Nova Scotia, Canada, with just a few acres of blueberry bushes. Over the years, the company grew to become a major player in the global frozen food industry, with operations in several countries and customers around the world. Today, Oxford Frozen Foods employs over 1,000 people and is one of the largest employers in rural Nova Scotia.
In addition to his work at Oxford Frozen Foods, John Bragg has been involved in various other business ventures and philanthropic activities. He has invested in several startups and has been a strong supporter of entrepreneurship and innovation in Atlantic Canada. He has also been involved in various charitable organizations and causes related to healthcare, education, and the environment.
John Bragg has received numerous honors and awards over the years in recognition of his contributions to business and philanthropy, including the Order of Canada, one of Canada’s highest civilian honors. He is widely respected and admired for his business acumen, entrepreneurial spirit, and commitment to giving back to his community and country.
John Risley, $1,21-billion
John Risley is a Canadian entrepreneur and businessman who co-founded Clearwater Fine Foods Inc. in 1976, a company that has become one of the largest seafood companies in North America. Clearwater is headquartered in Halifax, Nova Scotia, and specializes in the harvesting, processing, and distribution of wild-caught seafood, including lobster, scallops, and clams.
Under John Risley’s leadership, Clearwater has grown to become a major player in the global seafood industry, with operations in several countries and customers around the world. He has been recognized for his contributions to the industry and to the Canadian economy, receiving several awards and honors over the years.
In addition to his work at Clearwater, John Risley has been involved in several other business ventures and philanthropic activities. He has invested in various startups and is known for his support of entrepreneurship and innovation in Atlantic Canada. He has also been involved in philanthropic activities, supporting various causes related to healthcare, education, and the environment.
Overall, John Risley is considered to be one of the most successful and influential business leaders in Atlantic Canada, and his contributions to the seafood industry and the region’s economy have been significant.
Source: Canadian Business, ChatGPT