Hamilton, Ontario, a vibrant and thriving port city nestled within Canada’s bustling economic landscape, has witnessed an extraordinary period of economic expansion and diversification over recent years. Traditionally celebrated as a stronghold of steel production, this dynamic city has skillfully broadened its economic horizons, embracing sectors such as health sciences, technology, and education. This strategic diversification has not only contributed to a robust increase in Hamilton’s Gross Domestic Product (GDP) but has also paved the way for the city to become a beacon of innovation and entrepreneurial success.
As a result of this economic renaissance, Hamilton has become home to a growing community of affluent individuals who have made substantial contributions to both the local and international stages. These financial titans, ranging from self-made magnates to inheritors of vast family estates, have utilized their resources, ingenuity, and business acumen to carve out significant niches for themselves in various industries. Their success stories are a testament to the spirit of innovation and determination that permeates Hamilton’s business ecosystem.
In this article, titled “Richest People in Hamilton, 2024,” we aim to delve deep into the profiles of these remarkable individuals. We will explore the industries that have been instrumental in their wealth accumulation and examine the unique blend of vision, perseverance, and entrepreneurial flair that has propelled them to the pinnacle of financial success. From pioneering disruptors who have rewritten the rules of their respective fields to seasoned veterans who have expanded and innovated within traditional sectors, these are the names that resonate with power and prosperity in Hamilton’s flourishing economic landscape.
Through comprehensive analysis and insights, we will uncover the stories behind Hamilton’s wealthiest, highlighting not just their financial achievements but also their contributions to the city’s economic dynamism and community development. Join us as we celebrate the achievements of these illustrious individuals and the vibrant economic environment of Hamilton that has facilitated their rise to prominence.
Lazy to read? Here is a short summary, Hamilton’s top earners span industries from automotive to philanthropy, shaping the city’s economy and contributing to community growth.
| Rank | Name | Net Worth | Industry | Key Contributions |
|---|---|---|---|---|
| 1 | David Braley | $2.7 billion | Automotive, Sports | Strategic investments in automotive, ownership of CFL teams, philanthropy |
| 2 | Ron Foxcroft | $1.5 billion | Logistics, Sports | Founder of Fluke Transport, inventor of Fox 40 whistle, philanthropy |
| 3 | Teresa Cascioli | $1.2 billion | Beverage | Transformative leadership at Lakeport Brewing, entrepreneurship support |
| 4 | Michael DeGroote | $1.1 billion | Investments, Education | Investments across sectors, significant philanthropy in education |
| 5 | Gregory Aziz | $950 million | Manufacturing | CEO of National Steel Car, innovation in railcar manufacturing, community development |
| 6 | Louis DeGroote | $900 million | Real Estate | Impactful real estate developments, community-focused initiatives |
| 7 | Charles Juravinski | $850 million | Gambling, Philanthropy | Success in gambling industry, extensive philanthropy in healthcare and education |
| 8 | Peter Mercanti | $800 million | Hospitality, Gaming | Founder of Carmen’s Group, contributions to hospitality and community engagement |
The Richest People in Hamilton: Listed
1. David Braley
- Net Worth: $2.7 billion
- Industry: Automotive, Sports
David Braley stands as a towering figure in the realms of business and sports within Canada, particularly in Hamilton, where his influence and contributions have left an indelible mark. With a formidable net worth estimated at $2.7 billion, Braley’s financial acumen and strategic investments in the automotive sector have propelled him to the forefront of Canadian business magnates. His journey into the echelons of the business world was marked by his visionary approach and relentless pursuit of excellence, qualities that have defined his career and contributed to his vast wealth.
Beyond his monumental success in the automotive industry, David Braley’s passion for sports, especially Canadian football, has seen him become an iconic figure in the sports community. His ownership and management of Canadian Football League (CFL) teams have not only showcased his love for the game but also his commitment to fostering sports culture in Canada. Under his stewardship, his teams have flourished, winning championships and earning acclaim, thereby cementing his legacy as a pivotal figure in Canadian sports. His contributions extend beyond the field, with his efforts in sports development reflecting his dedication to nurturing talent and promoting sports as a vital component of community and national identity.
In Hamilton, David Braley is celebrated not just for his business achievements and sports ownership but also for his philanthropic endeavors and civic engagement. His investments in the city go beyond the financial, encompassing support for various community projects, sports initiatives, and educational programs. Braley’s generosity and vision for a thriving Hamilton have contributed significantly to the city’s socio-economic development and cultural vibrancy. His leadership and philanthropy have made him a beloved figure among the residents, whose respect and admiration he has earned through years of unwavering commitment to the city’s well-being.
Furthermore, Braley’s influence in Hamilton and the broader Canadian landscape is seen in his role as a mentor and advocate for aspiring entrepreneurs and athletes. By sharing his knowledge, experiences, and resources, he has inspired countless individuals to pursue their dreams with the same fervor and determination that he has demonstrated throughout his career. David Braley’s legacy is thus multifaceted, encompassing his achievements in business, his impact on sports, his philanthropic initiatives, and his role as a community leader and mentor. As a testament to his remarkable contributions, his name is synonymous with success, generosity, and dedication in Hamilton and across Canada, making him an enduring figure of inspiration and respect.
2. Ron Foxcroft
- Net Worth: $1.5 billion
- Industry: Logistics, Sports
Ron Foxcroft, a name that resonates with innovation and leadership within the bustling city of Hamilton, has carved out an impressive niche for himself in both the logistics industry and the realm of sports. As the visionary founder of Fluke Transport, Foxcroft has revolutionized the logistics sector, leveraging cutting-edge technology and strategic business acumen to build a company that stands at the forefront of efficiency and reliability. His pioneering efforts have not only propelled Fluke Transport to new heights but have also contributed significantly to Hamilton’s reputation as a hub for logistical innovation and excellence. With a net worth of $1.5 billion, Foxcroft’s journey from an aspiring entrepreneur to a business magnate is a compelling story of perseverance, strategic thinking, and an unyielding commitment to excellence.
Beyond his remarkable achievements in logistics, Ron Foxcroft has also made a significant impact in the world of sports through his invention of the Fox 40 whistle. This revolutionary whistle, celebrated for its distinct, piercing sound that can be heard over long distances and in noisy environments, has become an indispensable tool for sports officials worldwide. Foxcroft’s invention was born out of his own experiences as a sports official, where he recognized the need for a more reliable and efficient means of communication on the field. The Fox 40 whistle’s widespread adoption in various sports, from basketball to soccer, is a testament to Foxcroft’s ingenuity and his deep understanding of the needs of sports officials. This invention has not only enhanced the quality of sports officiating but has also cemented Foxcroft’s legacy within the sporting community.
Ron Foxcroft’s contributions to Hamilton extend far beyond his business and sports innovations. As a respected figure in the community, he has been actively involved in various philanthropic efforts, aiming to enrich the lives of Hamilton’s residents and foster a spirit of unity and progress within the city. Through generous donations and active participation in community initiatives, Foxcroft has demonstrated a deep commitment to giving back to the community that has been instrumental in his success. His philanthropic work, particularly in supporting youth sports programs and educational initiatives, has had a lasting impact on the city, inspiring others to contribute to Hamilton’s growth and vitality.
Foxcroft’s leadership qualities, entrepreneurial spirit, and dedication to community service have made him an exemplary figure in Hamilton. His ability to navigate the complexities of both the logistics industry and the world of sports, coupled with his commitment to community betterment, underscore the diverse talents and compassionate nature of this influential Canadian. As Hamilton continues to thrive and evolve, Ron Foxcroft’s legacy remains a beacon of innovation, leadership, and community engagement, inspiring future generations to pursue their passions with determination and to contribute meaningfully to their communities.
3. Teresa Cascioli
- Net Worth: $1.2 billion
- Industry: Beverage
Teresa Cascioli, hailing from the industrious city of Hamilton, has emerged as a formidable force in the beverage industry, amassing a net worth of $1.2 billion through her entrepreneurial acumen and strategic vision. Her journey to success is anchored in her transformative leadership at Lakeport Brewing, where she not only revitalized the brand but also repositioned it as a dominant force in the Canadian beer market. Cascioli’s adeptness in navigating the competitive landscape of the beverage sector enabled Lakeport to offer quality products at competitive prices, a strategy that significantly contributed to the brewery’s exponential growth and its eventual acquisition by a major industry conglomerate. This remarkable turnaround story is a testament to Cascioli’s exceptional business savvy and her ability to foresee and capitalize on market trends.
Beyond her significant contributions to the success of Lakeport Brewing, Teresa Cascioli is celebrated for her broader impact on Hamilton’s beverage sector and the local economy. Her entrepreneurial journey serves as an inspiring blueprint for innovation and resilience, showcasing the vast potential within Hamilton for businesses willing to adopt a forward-thinking approach. Cascioli’s success has not only highlighted the city’s conducive environment for business growth but has also attracted attention to the untapped opportunities within the beverage industry. Through her endeavors, Teresa has played a pivotal role in elevating Hamilton’s status as a hub for entrepreneurial success in the beverage sector, inspiring a new generation of business leaders to explore innovative paths to success.
Moreover, Teresa Cascioli’s influence extends beyond the realms of business and industry. Recognized for her philanthropy and dedication to giving back to the community, she has invested in numerous initiatives aimed at fostering entrepreneurship and education in Hamilton and beyond. Her commitment to social responsibility and community development is evident in her contributions to local educational institutions, where she has been instrumental in nurturing the entrepreneurial spirit among young minds. Through scholarships, mentorship programs, and direct engagement with the community, Cascioli has demonstrated a profound commitment to empowering others to pursue their dreams and contribute positively to society.
Teresa Cascioli’s legacy in Hamilton and the Canadian beverage industry is a multifaceted mosaic of business innovation, community engagement, and philanthropy. Her story is not just one of personal success but a beacon of inspiration for aspiring entrepreneurs, particularly women in business, demonstrating the power of vision, determination, and a deep-rooted commitment to one’s community. As Hamilton continues to thrive as a center for business and innovation, Teresa Cascioli’s contributions stand as a lasting testament to the potential that lies within the city for those bold enough to seize it.
4. Michael DeGroote
- Net Worth: $1.1 billion
- Industry: Investments, Education
Michael DeGroote stands as a luminary figure in Canada, particularly within the vibrant city of Hamilton, where his vast contributions have left an indelible mark on both the business landscape and the educational domain. With a formidable net worth of $1.1 billion, DeGroote has meticulously carved out a niche for himself as a discerning investor and a magnanimous philanthropist. His extensive portfolio, encompassing a myriad of sectors, underscores his versatile approach to investments and his keen eye for opportunities that drive not only financial returns but also societal progress.
In the realm of education, Michael DeGroote’s legacy is profoundly intertwined with McMaster University, one of Hamilton’s most esteemed institutions. His unparalleled generosity has catalyzed significant advancements within the university, facilitating groundbreaking research, scholarship, and infrastructure development. DeGroote’s donations have been instrumental in elevating McMaster University’s status on both a national and international level, fostering an environment where innovation and excellence in education thrive. Through his philanthropic endeavors, DeGroote has demonstrated a deep-seated belief in the transformative power of education and its pivotal role in shaping future leaders and innovators.
Beyond his monumental contributions to education, Michael DeGroote’s impact extends to the broader sphere of community development and healthcare initiatives. His philanthropy has supported a wide range of projects aimed at improving the quality of life for residents of Hamilton and beyond. From healthcare facilities to public health research, DeGroote’s investments have facilitated critical advancements in medical care and health education, underscoring his commitment to contributing positively to the welfare of society.
Michael DeGroote’s influence in Hamilton and the broader Canadian context is a testament to his visionary leadership and his unwavering dedication to fostering progress and innovation. His journey from a savvy businessman to a benevolent philanthropist exemplifies a holistic approach to success, one that encompasses not only financial achievements but also a profound impact on society. As Hamilton continues to evolve as a hub for education and innovation, Michael DeGroote’s contributions remain a cornerstone of the city’s flourishing reputation, inspiring future generations to pursue excellence and to give back to their communities with the same fervor and generosity that he has exemplified.
5. Gregory Aziz
- Net Worth: $950 million
- Industry: Manufacturing
Gregory Aziz, serving as the CEO of National Steel Car, has been a pivotal figure in the transformation and modernization of Hamilton’s storied steel and manufacturing sector. Under Aziz’s stewardship, National Steel Car has not just sustained its operations but thrived, marking a new era of innovation and growth for an industry deeply rooted in the city’s economic history. With a personal net worth approaching $950 million, Gregory Aziz’s business acumen and strategic foresight have played critical roles in reinforcing Hamilton’s status as a dynamic and resilient economic powerhouse in the 21st century.
Aziz’s journey at the helm of National Steel Car is characterized by a commitment to excellence, innovation, and the continuous pursuit of quality. His leadership has ushered in significant technological advancements and process improvements, ensuring that the company remains at the forefront of the railcar manufacturing industry. These initiatives have not only enhanced productivity and efficiency but also elevated the company’s reputation on a global scale. Gregory Aziz’s ability to navigate the complexities of the industry, while fostering a culture of innovation and quality, has solidified National Steel Car’s position as a leader in the field.
Beyond his contributions to the manufacturing sector, Gregory Aziz has been a staunch advocate for community development and philanthropy in Hamilton. His investments extend beyond the economic sphere, touching various aspects of community life and well-being. Through generous donations and support for local charities, cultural institutions, and community projects, Aziz has demonstrated a deep commitment to enriching the social fabric of Hamilton. His philanthropic efforts reflect a belief in the importance of corporate responsibility and the role of businesses in contributing to the overall health and vitality of their communities.
Gregory Aziz’s impact on Hamilton and the manufacturing industry is a testament to his visionary leadership, strategic innovation, and unwavering commitment to community. His work has not only contributed to the economic resilience and growth of Hamilton but also set a benchmark for corporate leadership and community engagement. As Gregory Aziz continues to lead National Steel Car into new frontiers of success, his legacy serves as an inspiration for future generations of leaders in Hamilton and beyond, highlighting the profound impact that visionary leadership and a commitment to community can have on shaping the future of industries and cities alike.
6. Louis DeGroote
- Net Worth: $900 million
- Industry: Real Estate
Louis DeGroote stands as a colossus in the real estate domain, with a towering net worth of $900 million, emblematic of his monumental influence on Hamilton’s urban landscape. As a real estate titan, DeGroote’s strategic foresight and innovative investment approaches have been instrumental in transforming the city’s skyline, driving its urban revitalization forward. His portfolio, a rich tapestry of commercial and residential developments, reflects a keen eye for potential and a deep understanding of market dynamics, positioning him as a pivotal figure in shaping Hamilton’s future.
DeGroote’s contributions to Hamilton extend far beyond the financial success of his ventures. Through his development projects, he has catalyzed the rejuvenation of neighborhoods, fostering vibrant communities and stimulating economic growth. Each of his projects is a testament to his commitment to quality, sustainability, and architectural excellence, contributing to a more dynamic and attractive urban environment. His vision for Hamilton is one of a thriving, modern city that retains its historical charm while embracing the future, a vision that has guided his investment strategy and development philosophy.
Moreover, Louis DeGroote’s impact on Hamilton’s real estate landscape is matched by his commitment to the community. His developments are designed not just for profit but to enhance the city’s livability, providing green spaces, amenities, and facilities that serve the public good. DeGroote is also known for his philanthropic efforts, contributing to local charities, educational initiatives, and community projects, thereby reinforcing his dedication to Hamilton’s social and economic welfare.
Through his innovative real estate developments and community-focused initiatives, Louis DeGroote has emerged as a key architect of Hamilton’s renaissance, driving progress and prosperity. His legacy in the city is one of transformation and growth, embodying the power of visionary leadership and investment in building a better future for the community. As Hamilton continues to evolve, Louis DeGroote’s enduring influence will remain a cornerstone of its urban and social development, a symbol of what can be achieved when ambition is coupled with a deep love for one’s city.
7. Charles Juravinski
- Net Worth: $850 million
- Industry: Gambling, Philanthropy
Charles Juravinski is a distinguished figure in Hamilton, known not only for his profound success in the gambling industry but also for his remarkable contributions to philanthropy. As a former racetrack owner, Juravinski transformed his entrepreneurial ventures into a formidable empire within the gambling sector, amassing a net worth of $850 million. His journey from the racetracks to becoming one of Hamilton’s most influential philanthropists is a testament to his visionary leadership and his deep commitment to leveraging his wealth for the greater good.
Juravinski’s impact extends far beyond the confines of his business achievements. He has strategically utilized his fortune to support and enhance various sectors within Hamilton, with a particular focus on healthcare and education. His philanthropic endeavors have led to significant advancements in medical research, healthcare services, and educational programs, thereby improving the quality of life for countless individuals in the community. Through generous donations to hospitals, research institutions, and universities, Juravinski has played a crucial role in fostering innovation, excellence, and accessibility in these critical areas.
Beyond the financial contributions, Charles Juravinski’s philanthropy reflects a deep-seated belief in the power of community and the importance of giving back. He has consistently advocated for social responsibility among the affluent, encouraging his peers to contribute to Hamilton’s development and well-being. Juravinski’s efforts have not only provided essential resources to those in need but have also inspired a culture of philanthropy within the city, sparking a collective movement towards community improvement and sustainability.
Juravinski’s legacy in Hamilton is characterized by his dual role as a successful entrepreneur and a compassionate philanthropist. His contributions to the gambling industry have been paralleled by his dedication to making a tangible difference in the lives of the people of Hamilton. Through his actions, Charles Juravinski exemplifies the impactful role that individuals of wealth can play in enhancing the fabric of their communities. His ongoing commitment to philanthropy continues to shape Hamilton’s landscape, setting a benchmark for how success can be translated into meaningful societal contributions. As Hamilton continues to grow and evolve, the influence of Charles Juravinski’s generosity and vision will undoubtedly remain a guiding light for future generations.
8. Peter Mercanti
- Net Worth: $800 million
- Industry: Hospitality, Gaming
Peter Mercanti, a luminary in the spheres of hospitality and gaming within Hamilton, has charted a remarkable path from modest origins to becoming a titan of industry, amassing a net worth of $800 million. As the visionary founder of Carmen’s Group, he has skillfully navigated the intricacies of the hospitality sector, elevating the dining and entertainment experience to unprecedented heights. Mercanti’s influence extends beyond the confines of his establishments, casting a long shadow over the entire landscape of Hamilton’s hospitality and gaming industries. His entrepreneurial spirit and innovative approaches have redefined standards, creating a legacy of excellence and customer satisfaction.
Mercanti’s journey is a narrative of resilience, innovation, and unwavering dedication to his craft. Starting with a single venue, his strategic acumen and commitment to quality have seen Carmen’s Group flourish into a flagship of the hospitality industry, encompassing a range of services from upscale dining and event management to gaming and entertainment. Under his leadership, the group has become synonymous with exceptional service, unparalleled elegance, and a commitment to creating memorable experiences for clients and patrons alike. His ability to anticipate market trends and adapt to changing consumer preferences has ensured the continued success and growth of his business ventures.
Beyond his business accomplishments, Peter Mercanti is deeply rooted in the Hamilton community, demonstrating an enduring commitment to social responsibility and philanthropy. His contributions to local charities, cultural initiatives, and community projects reflect a profound understanding of the role businesses can play in enhancing community well-being and fostering social cohesion. Mercanti’s philanthropic efforts, often focused on healthcare, education, and the arts, have made a significant and lasting impact on the fabric of Hamilton society, enriching the lives of its residents and contributing to the city’s vibrancy and dynamism.
Peter Mercanti’s impact on Hamilton’s hospitality and gaming sectors is indelible, marked by a legacy of innovation, excellence, and community engagement. His story inspires aspiring entrepreneurs and seasoned business leaders alike, illustrating the power of vision, hard work, and a deep commitment to one’s community. As Hamilton continues to grow and evolve, Mercanti’s contributions will undoubtedly remain a cornerstone of its economic and social landscape, a testament to the profound influence one individual can have on the development and character of a city.
FAQ: Wealth and Billionaires
Who are the top 10 richest people in the world?
As of 2024, the top 10 richest people in the world are:
- Bernard Arnault & family – $230.5 billion (LVMH, France)
- Elon Musk – $210.5 billion (Tesla, SpaceX, United States)
- Jeff Bezos – $199.1 billion (Amazon, United States)
- Mark Zuckerberg – $176.1 billion (Facebook, United States)
- Larry Ellison – $142.2 billion (Oracle, United States)
- Warren Buffett – $134.1 billion (Berkshire Hathaway, United States)
- Bill Gates – $128.4 billion (Microsoft, United States)
- Steve Ballmer – $123.3 billion (Microsoft, United States)
- Mukesh Ambani – $117.5 billion (Reliance Industries, India)
- Larry Page – $115.1 billion (Google, United States)
Sources: Forbes Africa, Visual Capitalist, and Forbes India.
How many millionaires are in Hamilton?
Specific information about the number of millionaires in Hamilton was not found in the provided resources. For detailed demographic and economic statistics, referring to local government publications or economic reports might offer the most current data.
Who are the 5 richest people in the world?
The 5 richest people in the world as of 2024 are:
- Bernard Arnault & family – $230.5 billion
- Elon Musk – $210.5 billion
- Jeff Bezos – $199.1 billion
- Mark Zuckerberg – $176.1 billion
- Larry Ellison – $142.2 billion
Sources: Forbes Africa, Visual Capitalist, and Forbes India.
Who is No 1 richest family in the world?
As of the most recent data available, Bernard Arnault & family are considered the richest, with Bernard Arnault’s net worth estimated at $230.5 billion, primarily through LVMH, the world’s largest luxury goods company. This positions the Arnault family at the top in terms of wealth. Source: Forbes India.
Who are the 6 trillionaires?
As of the latest available data up to 2024, there are no individuals with a net worth reaching the trillion-dollar mark. The concept of a trillionaire is speculative and, as yet, unattained in known public records.
Are there any Trillionaires?
There are currently no trillionaires according to the publicly available wealth records and rankings of the world’s wealthiest individuals. The wealth of the richest individuals, while vast, has not reached the trillion-dollar threshold as of 2024.
For the latest and most detailed updates on global wealth and the rankings of the richest individuals, checking reputable financial news sources and wealth tracking platforms like Forbes and Bloomberg is recommended.
Conclusion
Hamilton, Ontario, has exhibited a resilient and dynamic economic landscape, poised for continued growth and diversification. Despite facing challenges such as inflationary pressures, labor shortages, and rising interest rates, Hamilton’s economy demonstrated solid growth into 2022, with a forecasted adjustment in pace moving into 2023 and beyond. Notably, sectors such as manufacturing, healthcare, and professional services are expected to lead the city’s economic strengths into the upcoming years, reflecting the city’s capacity for innovation and adaptation in response to changing economic conditions.
Hamilton’s strategic approach to economic development is encapsulated in its 2021-2025 Economic Development Action Plan. This comprehensive plan emphasizes enhancing digital infrastructure, facilitating a skilled workforce, and growing business investments among its priorities. By focusing on these areas, Hamilton aims to foster a more connected, innovative, and resilient economy capable of navigating future challenges and opportunities.
Moreover, Hamilton’s expected economic growth rate surpasses the provincial average, underpinned by significant developments in manufacturing and building construction. This growth is supported by over three million square feet of industrial and commercial activity, showcasing the city’s robust economic investment and potential for further expansion.
The Government of Canada’s support through initiatives like the Foreign Trade Zone (FTZ) designation further strengthens Hamilton’s economic landscape. This designation, along with federal investments, supports local job creation, enhances trade and export opportunities, and reinforces Hamilton’s position as a crucial hub in the national and international economic arenas.
Hamilton’s business environment is characterized by a diverse mix of sectors, with significant contributions from public administration, other services, and business support services. The city hosts a large number of small and medium-sized enterprises, indicating a vibrant entrepreneurial ecosystem. This business landscape is complemented by competitive unemployment and employment rates, illustrating a healthy labor market conducive to economic growth and stability.
In conclusion, Hamilton stands as a testament to strategic economic planning, sectoral diversity, and adaptive resilience. Its commitment to fostering innovation, supporting a skilled workforce, and facilitating business growth ensures its position as a leading city for economic opportunity and development in Canada.
