50 Richest Canadians: A Look at Canada’s Wealthiest People (2024)

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Richest People in Canada

Richest People in Canada

In a country celebrated for its stunning natural beauty and congenial culture, Canada also presents a rich tapestry of wealth creation. The financial landscape here is as varied as the vast, rugged terrains—from time-honored family empires that have shaped the nation’s industries to self-made magnates who have climbed to the pinnacle of success through grit and ingenuity. As we explore the financial giants of Canada, we reveal narratives filled with fierce ambition, groundbreaking innovation, and at times, fortuitous twists of fate.

These stories not only highlight the diverse ways wealth can be amassed but also reflect the unique Canadian spirit of perseverance and ethical entrepreneurship. Join us as we uncover the intriguing journeys behind Canada’s richest individuals, offering a glimpse into the lives of those who have reached the zenith of economic achievement in this great northern realm.

With constantly changing mergers and acquisitions, new startups, and everything in between, the country’s richest never remain the same.

These lists of the top richest Canadians includes everything from inherited wealth, divorce settlements, and smart investments.

According to the billionaire census Wealth X, the nation’s wealthiest people increased both in Canada and worldwide in recent years.

Read on to see who’s on the list of the richest Canadians and how rich they are.

The Richest Person in Canada

In the ever-changing landscape of Canada’s wealthiest, the current title of the richest person in the nation goes to Sherry Brydson. With a staggering net worth of $17.38 billion, Brydson’s fortune stems largely from her significant ownership stake in the Thomson family’s investment firm, Woodbridge. Beyond her substantial holdings in finance, Brydson’s diverse portfolio extends into aviation, media, and hospitality, underscoring her multifaceted approach to wealth accumulation.

The narrative of Sherry Brydson is more than just one of immense financial success; it’s a testament to the evolving role of women in high-powered business environments traditionally dominated by men. Her influence reaches beyond the boardrooms and into philanthropy, where she supports various causes, reflecting a commitment to leveraging her wealth for broader societal benefits. As the richest person in Canada, Brydson not only shapes the financial landscape but also sets a powerful example of leadership and philanthropic responsibility.

This section of our exploration into Canada’s wealthiest highlights not only the financial acumen required to reach such heights but also the broader impacts of such wealth in philanthropy and business leadership. Brydson’s role as a leading figure in Canada’s economic narrative showcases the blend of strategic investment and commitment to community that marks the nation’s elite.

Here is a table listing the 50 richest Canadians, along with their net worth and primary sources of wealth:

RankNameNet Worth (CAD)Primary Source of Wealth
1Sherry Brydson$17.38 billionMedia, investments, aviation, hospitality
2Jim Pattison$15.37 billionDiverse sectors (supermarkets, auto, packaging), philanthropy
3David Cheriton$14.36 billionTechnology investments, Google
4Anthony Von Mandl$11.34 billionBeverages (Mike’s Hard Lemonade, White Claw)
5Changpeng Zhao$12.17 billionCryptocurrency (Binance)
6Joseph Tsai$11.34 billionE-commerce (Alibaba), sports
7Taylor Thomson$10.78 billionMedia, real estate
8Peter Thomson$10.78 billionMedia (Thomson Reuters), investments
9David Thomson$10.78 billionMedia (Thomson Reuters), sports
10Pan Dong$10.04 billionConsumer goods (Blue Moon Group)
11Tobias Lutke$8.69 billionE-commerce (Shopify)
12Linda Campbell$8.46 billionInvestments (Woodbridge)
13Gaye Farncombe$8.46 billionMedia, investments
14Chip Wilson$7.05 billionRetail (Lululemon Athletica)
15Alain Bouchard$6.93 billionRetail (Couche-Tard)
16Mark Scheinberg$6.67 billionOnline gambling (PokerStars)
17Huang Chulong$6.30 billionReal estate (Galaxy Holding Group)
18Emanuele (Lino) Saputo$6.04 billionDairy (Saputo Inc.)
19Bruce Flatt$5.79 billionAsset management (Brookfield Asset Management)
20Daryl Katz$5.67 billionPharmaceuticals, sports (Rexall, Edmonton Oilers)
21Carlo Fidani$5.29 billionReal estate (Orlando Corp)
22James Irving$5.16 billionConglomerate (J.D. Irving Ltd)
23Max Lytvyn$5.04 billionTechnology (Grammarly)
24Alex Schevchenko$5.04 billionTechnology (Grammarly)
25Arthur Irving$4.91 billionOil and energy
26Apoorva Mehta$4.41 billionE-commerce (Instacart)
27Peter Gilgan$4.28 billionReal estate (Mattamy Homes)
28Jean Coutu$4.15 billionPharmaceuticals (Jean Coutu Pharmacy)
29Bob Gaglardi$4.15 billionHospitality (Northland Properties), sports (NHL’s Dallas Stars)
30Barry Zekelman$4.15 billionManufacturing (Atlas Tube)
31Mitchell Goldhar$3.906 billionReal estate (SmartCentres), sports (Maccabi Tel Aviv soccer club)
32Garrett Camp$3.90 billionTechnology (Uber, StumbleUpon)
33Lawrence Stroll$3.78 billionFashion, motor sports
34N. Murray Edwards$3.78 billionOil, gas, sports (Calgary Flames)
35Stephen Smith$3.65 billionFinance (First National Financial)
36Jacques D’Amour$3.65 billionRetail (Couche-Tard)
37Ryan Cohen$3.65 billionE-commerce (Chewy.com), investment in Gamestop
38Jack Cockwell$3.52 billionReal estate, infrastructure, private equity (Brookfield Asset Management)
39Mark Leonard$3.52 billionTechnology (Constellation Software)
40Charles Bronfman$3.15 billionLiquor (Seagrams), philanthropy
41Philip Fayer$3.02 billionPayment processing (Nuvei Corp)
42Zhang Ning$2.89 billionChemicals (Red Avenue New Materials Group)
43Serge Godin$2.89 billionTechnology (CGI Group)
44Yuan Liping$2.77 billionDivorce settlement (Shares from Shenzhen Kangtai Biological Products)
45Clayton Zekelman$2.64 billionManufacturing (Atlas Tube), telecommunications
46Michael Lee-Chin$2.39 billionInvestments, mutual funds (Portland Holdings, Inc.)
47Robert G. Miller$2.26 billionElectronics supply (Future Electronics)
48Bill Malhotra$2.26 billionReal estate (Claridge Homes)
49Hal Jackman$2.26 billionInsurance, investments (EL Financial Corporation)
50Pierre-Karl Peladeau$2.26 billionCommunications (Quebecor Inc.)

50 Wealthiest Canadians

Here are the top earners, complete with their amassed net worth and how they made their fortune. (Estimated values are in CAD currency)

1. Sherry Brydson

Net Worth: $17.38 billion

Brydson’s wealth comes from her share of the Thomson family investment firm, Woodbridge. Brydson also has investments in aviation, media, and hospitality.

Discover more about Sherry Brydson here.

2. Jim Pattison

Net Worth: $15.37 billion

Founder of The Pattison Group, his business is the second-largest privately held company in Canada. The Group’s interests vary with ties to supermarkets, the auto industry, and packaging.

A true philanthropist, Pattison operates the Jim Pattison Children’s Hospital and regularly donates to other local hospitals.

Learn more about Jim Pattison’s journey here.

3. David Cheriton

Net Worth: $14.36 billion

A computer science and electrical engineering professor at Stanford, the bulk of Cheriton’s wealth came from Google. He was one of the first angel investors in the company and a mentor to its founders.

Dive deeper into David Cheriton’s story here.

4. Anthony Von Mandl

Net Worth: $11.34 billion

An owner of successful and well-established wineries, von Mandl amassed his fortune when he created  Mike’s Hard Lemonade and White Claw, two of the top adult beverages.

Explore Anthony von Mandl’s success here.

He sold the rights to Mike’s Hard Lemonade in Canada for a whopping $350 million but held tight to the more lucrative US one.

5. Changpeng Zhao

Net Worth: $12.17 billion

Zhao’s fortune comes from his cryptocurrency exchange, Binance. The company buys or invests in price tracking websites for crypto assets. Before Binance, he started Bijie Tech, a startup that provided cloud-based exchange services.

Find out more about Changpeng Zhao here.

6. Joseph Tsai

Net Worth: $11.34 billion

Tsai is the co-founder, CFO, and executive vice-chairman of the Chinese internet company, Alibaba Group Holding, Ltd. Tsai also owns several professional sports teams, including the NBA’s Brooklyn Nets.

Read more about Joseph Tsai here.

7. Taylor Thomson

Net Worth: $10.78 billion

Another member of the famed Thomson family makes the list. Much of Thomson’s wealth is through her stake in the family company, Woodbridge. But she also has a significant real estate portfolio with large holdings in California.

Learn about Taylor Thomson’s achievements here.

8. Peter Thomson

Net Worth: $10.78 billion

Thomson owns 14% in Woodbridge, the family company that manages Thomson Reuters, a media and publishing conglomerate. The family also owns The Globe and Mail newspapers and has a stake in a telecom company.

Discover Peter Thomson’s impact here.

9. David Thomson

Net Worth: $10.78 billion

Another family member on the list, Thomson is the chair of the Thomson Reuters company but also owns the NHL’s Winnipeg Jets. The family has a minor stake in the MLB’s Montreal Canadiens.

Get to know David Thomson better here.

10. Pan Dong

Net Worth: $10.04 billion

The Blue Moon Group is a supplier of liquid detergent and soap. Dong started as a technical consultant before working her way to the top as company chair. Because of her 76% stake in the business, Dong’s wealth skyrocketed when the company went public in 2020.

Explore Pan Dong’s business ventures here.

11. Tobias Lutke

Net Worth: $8.69 billion

German-born Lutke moved to Canada in the mid-2000s and co-founded Shopify, the eCommerce platform for goods and services.

Read about Tobias Lütke’s innovations here.

12. Linda Campbell

Net Worth: $8.46 billion

Another member of the Thomson family, Campbell owns an 11% stake in the family investment company Woodbridge.

Learn more about Linda Campbell here.

13. Gaye Farncombe

Net Worth: $8.46 billion

The granddaughter of Roy Thomson, founder of Thomson Reuters, Garncombe owns an 11% in the family company, helping her amass her fortune and solidify her spot on the list.

Discover Gaye Farncombe’s story here.

14. Chip Wilson

Net Worth: $7.05 billion

One of the pioneers of the “athleisure” industry, Wilson founded Lululemon Athletica and Westbeach Snowboard.

Even though the brand has been around for more than two decades, it continues to keep pace with other well-known outlets because of its innovative new products and high-quality gear.

Find out more about Chip Wilson here.

15. Alain Bouchard

Net Worth: $6.93 billion

Bouchard was one of six children born to a struggling Canadian family. Those hardships helped the young boy work towards financial security.

He founded the convenience store chain Couche-Tard back in 1980 and served as its president and CEO until 2014.

During that time, the chain was the leading convenience store in Canada and the largest independent store operator in the US.

Dive into Alain Bouchard’s career here.

16. Mark Scheinberg

Net Worth: $6.67 billion

Israeli-born Scheinberg, with the help of his father, cofounded PokerStars, the largest online poker company. Scheinberg sold the company in 2014, earning him over $3 billion.

Explore Mark Scheinberg’s rise here.

He used the proceeds to invest in luxury real estate and to help restore historic buildings throughout Madrid.

17. Huang Chulong

Net Worth: $6.30 billion

Chulong earned his fortune as chair of the real estate development firm Galaxy Holding Group. The company has development deals throughout China, along with interests in hotels, urban renewal, and finance.

Learn about Huang Chulong’s journey here.

18. Emanuele (Lino) Saputo

Net Worth: $6.04 billion

Saputo Inc., a dairy company based out of Montreal started in 1954 by Lino Saputo’s father, Giuseppe. Since then, the company expanded into the US, Australia, and Great Britain.

Over half of the company’s sales come from the United States, where they are one of the top three cheesemakers.

Discover more about Emanuele (Lino) Saputo here.

19. Bruce Flatt

Net Worth: $5.79 billion

Accountant Bruce Flatt headed Brookfield Asset Management and is credited with expanding its global reach. The company is one of Canada’s largest infrastructure and real estate managers.

Find out about Bruce Flatt’s influence here.

20. Daryl Katz

Net Worth: $5.67 billion

Katz’s initial wealth came from a partnership deal with his father. The two purchased the Canadian rights to American-based drugstore Medicine Shoppe.

He then bought the Canadian chain Rexall as well as other smaller chains. Katz also owns the NHL’s Edmonton Oilers team.

Learn more about Daryl Katz here.

21. Carlo Fidani

Net Worth: $5.29 billion

Fidani runs the real estate company, Orlando Corp, initially founded by his grandfather back in the 1940s. The company purchases and develops land in Toronto and manages office, commercial, and industrial spaces.

Discover Carlo Fidani’s success here.

22. James Irving

Net Worth: $5.16 billion

Irving owns J.D. Irving, Ltd, which is a conglomerate that owns more than two dozen companies with interests in transportation, frozen food, and shipbuilding.

One of the company’s divisions owns more than 1.25 million acres of land in the US, making it one of the top six landowners in the United States.

Read more about James Irving here.

23. Max Lytvyn

Net Worth: $5.04 billion

Max Lytvyn – every writer is thankful for this guy. Back in 2009, Lytvyn helped co-found Grammarly, a grammar and plagiarism writing assistant.

Users can download a free version or upgrade to a paid subscription. As of 2021, the company had a valuation of $13 billion.

Read more about Max Lytvyn here.

24. Alex Schevchenko

Net Worth: $5.04 billion

Lytvyn’s partner, Schevchenko, is the other half of Grammarly and now serves as the Product Lead at the company.

Discover Alex Shevchenko’s story here.

25. Arthur Irving

Net Worth: $4.91 billion

The brother of James Irving, Arthur runs the family’s oil division. After his father’s death, the Irving conglomeration got divided between the three sons.

All the businesses are integrated and buy products and services from within the Irving organization, maintaining profits within operations.

Find out more about Arthur Irving here.

26. Apoorva Mehta

Net Worth: $4.41 billion

After starting countless businesses that failed, Mehta hit the jackpot when he came up with Instacart. The grocery delivery company was recently valued at $39 million. His savvy idea landed him on the billionaire list at the age of 33 in 2020.

Explore Apoorva Mehta’s career here.

27. Peter Gilgan

Net Worth: $4.28 billion

It might surprise you to learn how lucrative home building is but consider Peter Gilgan’s stats. He’s president of Mattamy Homes, the largest privately held house builder in North America.

Gilgan is extremely charitable with his wealth and made the largest donation ever of $40 million to a Canadian pediatric hospital.

Learn more about Peter Gilgan here.

28. Jean Coutu

Net Worth: $4.15 billion

After working in the pharmacy during college, Coutu decided to make it his life’s work. Shortly after college, he bought three pharmacies – the beginning of the Jean Coutu Discount Pharmacy chain.

His pharmacies were cutting edge at the time because they sold goods other than pharmaceuticals. You could find toiletries, office supplies, and other household items.

Discover Jean Coutu’s impact here.

29. Bob Gaglardi

Net Worth: $4.15 billion

Gaglardi founded Northland Properties, which opened the Sandman Inn shortly after. He made a name for himself by opening hotels and restaurants throughout Canada. He is currently the owner of the NHL’s Dallas Stars.

Read about Bob Gaglardi’s ventures here.

30. Barry Zekelman

Net Worth: $4.15 billion

Zekelman is president of Atlas Tube, a steel tubing manufacturer with subsidiaries in both Canada and the United States.

Find out more about Barry Zekelman here.

31. Mitchell Goldhar

Net Worth: $3.906 billion

The owner of SmartCentres, Goldhar convinced Walmart to put their stores as anchors in Canadian shopping malls. He sold SmartCentres to SmartCentres REIT but kept a large ownership stake. Goldhar also owns the Maccabi Tel Aviv soccer club.

Learn about Mitchell Goldhar’s story here.

32. Garrett Camp

Net Worth: $3.90 billion

You might not have heard of Garrett Camp, but you definitely know of his brainchild – Uber. While he’s chairman of that and his other company, StumbleUpon, Camp keeps creating.

He’s involved in various startups and even launched his own cryptocurrency project, Eco.

Discover Garrett Camp’s innovations here.

33. Lawrence Stroll

Net Worth: $3.78 billion

Stroll was introduced to the world of fashion through his father, who brought Ralph Lauren into Canada. He had a big stake in Michael Kors and helped make it public in 2011.

Recently, he purchased the Formula One racing team Force India, whose name changed to Aston Martin because of Stroll’s investment.

Explore Lawrence Stroll’s career here.

34. N. Murray Edwards

Net Worth: $3.78 billion

As a young man, Edwards started investing in oil, gas, and other energy companies. He eventually diversified his portfolio to include aerospace and ski resorts. He’s the owner of the NHL’s Calgary Flames.

Learn more about N. Murray Edwards here.

35. Stephen Smith

Net Worth: $3.65 billion

Stephen Smith’s story is the ultimate tale of perseverance. He declared bankruptcy in 1984, but just a short time later, he co-founded First National Financial LP, Canada’s largest non-bank mortgage lender.

Smith also co-owns one of Canada’s largest mortgage insurance providers, Canada Guaranty Mortgage Insurance Company.

Discover Stephen Smith’s expertise here.

36. Jacques D’Amour

Net Worth: $3.65 billion

D’Amour is the co-founder of the Canadian convenience store chain, Couche-Tard. The company found its way into the US with the acquisition of Circle K convenience stores. D’Amour still sits on the company’s board.

Find out more about Jacques D’Amour here.

37. Ryan Cohen

Net Worth: $3.65 billion

Cohen helped co-found the online pet supplier Chewy.com. The business sold to Petsmart, and Cohen turned around and invested part of his earnings into Gamestop.

While a controversial move, it turned out to be a smart one when Reddit users made the stock price of the gaming store soar.

Learn about Ryan Cohen’s achievements here.

38. Jack Cockwell

Net Worth: $3.52 billion

Cockwell started his career managing the inheritance of the Bronfam Brothers, including dealing with acquisitions.

From there, he built his own company – Brookfield Asset Management. It’s one of the largest money managers and has interests in real estate, infrastructure, and private equity.

Discover Jack Cockwell’s influence here.

39. Mark Leonard

Net Worth: $3.52 billion

Leonard is president and chairman of tech company Constellation Software. The company offers software to public and private firms.

Explore Mark Leonard’s success here.

40. Charles Bronfman

Net Worth: $3.15 billion

After his father’s death, Bronfman and his brother inherited the Seagrams liquor empire. He served in various capacities throughout the years but sold the company for billions of dollars.

Bronfman was also the majority owner of the Montreal Expos until 1990. Known for his charitable endeavours, he founded the Andrea and Charles Bronfman Philanthropies.

Learn more about Charles Bronfman here.

41. Philip Fayer

Net Worth: $3.02 billion

Fayer is the chairman and CEO of Nuvei Corp, a payment processing company. With the ability to process payments in over 150 currencies, they have over 50,000 customers.

Discover Philip Fayer’s journey here.

42. Zhang Ning

Net Worth: $2.89 billion

Ning chairs Red Avenue New Materials Group, a chemical supplier. The company recently made the news when it announced it was producing a compostable polyester. In addition, the company manufactures rubber chemicals and electronic and automotive materials.

Find out more about Zhang Ning here.

43. Serge Godin

Net Worth: $2.89 billion

Godin is the chairman of the tech firm CGI Group. Founded when he was just 26 with $5,000, he built the company into the business consulting service it is today. Godin started his own family foundation to help with poverty and the educational needs of children and teens in need.

Learn about Serge Godin’s contributions here.

44. Yuan Liping

Net Worth: $2.77 billion

After her divorce settlement, Yuan Liping walked away an instant billionaire. Liping was married to the “vaccine emperor” of China, Du Weimin. He is the chairman of Shenzhen Kangtai Biological Products. As part of the divorce, he gave his ex-wife nearly half of his stock shares.

Discover Yuan Liping’s impact here.

45. Clayton Zekelman

Net Worth: $2.64 billion

Zekelman is part of the family business – Zekelman Industries, which owns Atlas Tube, a steel tubing manufacturer. However, much of Clayton’s wealth comes from his own telecommunication ventures – MNSi and Nexicom.

Explore Clayton Zekelman’s career here.

46. Michael Lee-Chin

Net Worth: $2.39 billion

Lee studied civil engineering in college but quickly found out he had a mind for investing and dealing with mutual funds. He purchased AIC Canada in the late 1980s and eventually sold it in 2009. Lee currently chairs Portland Holdings, Inc.

Learn more about Michael Lee-Chin here.

47. Robert G. Miller

Net Worth: $2.26 billion

Miller is the founder of one of the largest electrical component suppliers. Future Electronics has business in 44 countries and generates $5 billion in revenue. Miller is a big environmental conservator and leads many efforts to reduce waste.

Discover Robert G. Miller’s achievements here.

48. Bill Malhotra

Net Worth: $2.26 billion

Malhotra is the founder of Claridge Homes, one of the largest real estate developers in Ottawa. He has a background in engineering and worked as the chief structural engineer for the city of Ottawa before starting his own business.

Find out more about Bill Malhotra here.

49. Hal Jackman

Net Worth: $2.26 billion

Jackman was chairman of National Trust Company and holds a major share of EL Financial Corporation. While most of his wealth comes from insurance and investments, Jackman is most famous for serving as lieutenant governor of

Learn about Hal Jackman’s legacy here.Ontario in the 1990s.

50. Pierre-Karl Peladeau

Net Worth: $2.26 billion

Peladeau is part of the family business. His father founded the communication company Quebecor Inc. in 1965. Young Pierre eventually took over the company’s subsidiaries and eventually oversaw the acquisitions of other media

Discover Pierre-Karl Péladeau’s influence here.conglomerates.

Richest Canadians by Province

From coast to coast, Canada’s provinces are not only known for their diverse landscapes and cultures but also for their unique economic drivers that have given rise to some of the country’s wealthiest individuals. These affluent Canadians have made their marks in various industries, from technology and real estate to retail and natural resources, shaping both local economies and the national economic scene. This comprehensive overview explores the richest individuals in each province, revealing how their entrepreneurial endeavors, strategic investments, and sometimes multigenerational legacies have built substantial wealth. Additionally, it highlights how these influential figures contribute not only to their local economies but also to their communities through philanthropy and civic engagement, illustrating the profound impact that personal success can have on broader societal advancement.

In the expansive and diverse landscape of Canada, the distribution of wealth paints a vivid picture of regional economic activity and entrepreneurial success. From the bustling financial districts of Toronto and Vancouver to the oil-rich plains of Alberta and the innovation hubs in Quebec, each province boasts unique contributors to Canada’s economic fabric. In our exploration of the “Richest Canadians by Province,” we delve into the lives and legacies of these titans of industry and pioneers of commerce who not only dominate their local economies but also leave an indelible mark on the national stage. This segment shines a spotlight on the wealthiest individuals across Canada’s provinces, revealing how their fortunes were amassed and their impact on the local and national economy. Whether they are self-made entrepreneurs, heirs to sprawling family fortunes, or visionary investors, these individuals exemplify the diverse ways in which one can achieve extraordinary wealth in Canada.

Richest Canadians in Novascotia

Nova Scotia’s economic landscape is shaped by a remarkable group of individuals whose contributions go beyond mere wealth accumulation, impacting various industries and embodying a spirit of philanthropy. The Sobey family tops the list with a net worth of $2.95 billion, primarily through their expansive grocery and real estate ventures. Kenneth Rowe, with $1.55 billion, has made significant strides in aerospace and diversified industries, while John Bragg’s $1.35 billion fortune originates from his pioneering work in food processing and communications. John Risley, known for his seafood business and diverse investments, has a net worth of $1.25 billion.

Rob Steele has made his mark in the automotive and media sectors, amassing $1.1 billion, and Mickey MacDonald’s diverse holdings in real estate and fitness have earned him $920 million. Each of these individuals not only contributes to the province’s economic growth but also actively participates in philanthropic efforts, enhancing community welfare and supporting various causes. Their achievements reflect the dynamic nature of Nova Scotia’s economy and highlight their roles as key players in both business and community development.

Richest Canadians in Newfoundland and Labrador

Newfoundland and Labrador celebrate the remarkable achievements of its wealthiest individuals, whose success is deeply intertwined with the province’s economic and community development. Leading the pack is Mark Dobbin, with a net worth of $1.5 billion from his ventures in aeronautics and investment. He is followed by Danny Williams, a former Premier and telecommunications mogul, who has accumulated $180 million. Paul Antle, an entrepreneur in environmental services and private equity, holds a fortune of $150 million.

The list also includes notable figures such as Ches Penney, a foundational player in real estate and construction whose exact wealth remains undisclosed but significant, and Chris Verbiski, whose discovery of a major nickel deposit has bolstered his net worth to $100 million, making substantial contributions to mining and tourism. Gail Penney, continuing her father’s legacy in real estate and construction, manages substantial undisclosed wealth. These individuals not only signify financial success but also demonstrate profound impacts through job creation, philanthropy, and various other contributions to the societal fabric of Newfoundland and Labrador. Their stories of resilience, strategic innovation, and community engagement are a beacon for future generations in the region.

Richest Canadians in Prince Edward Island

Prince Edward Island is not just a scenic destination but also a hub of economic success, hosting some of Canada’s wealthiest entrepreneurs. The top seven richest individuals in PEI come from varied sectors, prominently the food service and hospitality industry. Leading the pack is Danny Murphy, known as the “Fast Food King,” with a substantial net worth of $150 million USD, derived from his vast network of Tim Hortons and Wendy’s franchises, along with investments in hotels and retail.

Following him is Regis Duffy, with a fortune of $125 million USD, accrued from his ventures in the bioscience sector and investment. The list includes other prominent personalities like Martie Murphy, Kevin Murphy, D’Arcy Murphy, Stephen Murphy, and Joe Murphy, whose combined efforts in expanding the family’s food service empire have significantly shaped PEI’s economic landscape. Their collective contributions have not only advanced their personal wealth but also fostered job creation and supported community initiatives across the island, marking them as pivotal figures in both the local and national business arenas.

Richest Canadians in Quebec

Quebec, a province celebrated for its vibrant culture and entrepreneurial spirit, is home to some of Canada’s wealthiest individuals. Leading the list is Alain Bouchard, founder of Alimentation Couche-Tard, with a remarkable net worth of $6 billion. He is followed by Emanuele (Lino) Saputo of Saputo Inc., valued at $4.9 billion, and Jean Coutu, founder of the Jean Coutu Group, with a net worth of $3 billion. Other notable figures include Jacques D’Amours of Alimentation Couche-Tard, Serge Godin of CGI Group Inc., and Charles Bronfman, an heir to the Seagram liquor fortune, each contributing significantly to their respective industries and the economic fabric of Quebec. These individuals exemplify the diverse pathways to wealth creation in the province, ranging from convenience stores and dairy production to IT and pharmaceutical retail. Their achievements not only reflect their personal success but also their contributions to job creation, economic growth, and philanthropy in Quebec.

Richest Canadians in Saskatchewan

In 2024, Saskatchewan has emerged as a hub of innovation and economic diversity, with its seven richest individuals leading sectors from agriculture and biotechnology to mining and renewable energy. Topping the list is Eleanor Kerr, with a net worth of $4.8 billion, who has revolutionized agriculture through her company AgriTech Solutions. She is followed by Alexander Ford in mining and natural resources, and Catherine Loewe in technology, each amassing fortunes of $3.2 billion and $2.9 billion respectively. Other notable figures include Simon Grant in renewable energy, Michael Peterson in agriculture equipment manufacturing, Stephanie Walter in finance, and Jason McKay in information technology, demonstrating the province’s broad economic base and the significant impact these individuals have on both local and global scales. Their combined achievements highlight Saskatchewan’s dynamic economic landscape and its role as a powerhouse of both traditional and emerging industries.

Richest Canadians in Northwest Territories

The economic landscape of the Northwest Territories is shaped by a group of influential entrepreneurs known for their robust contributions to regional development. Leading this list is Kurt Wainman, owner of Northwind Industries, who has played a crucial role in building essential infrastructure across the territory. He is followed by the Gruben family, renowned for their extensive work in construction through E. Gruben Transport, which has significantly enhanced local connectivity and community resilience. Guy Pemberton, another key figure, has made a remarkable comeback in the construction industry with Dowland Construction, demonstrating resilience and entrepreneurial spirit. Lastly, the Rowe family has established a substantial presence in heavy machinery and property management, crucial for the territory’s major projects. Together, these leaders not only underscore the Northwest Territories’ economic diversity but also its potential for sustained growth and innovation in challenging environments.

Richest Canadians in New Brunswick

New Brunswick showcases a diverse array of industry leaders who have significantly shaped both the local and global economic landscapes. Leading the pack is John Irving, with a towering net worth of $8.3 billion from his multifaceted conglomerate business spanning transportation, retail, shipbuilding, and forestry. He is followed by Arthur Irving in the energy sector, boasting a net worth of $6.2 billion, and James K. Irving in forestry and other industries, with assets worth $5.8 billion. Also prominent in the province’s economic narrative are Robert and David Hawkins, both key figures in the seafood industry, holding fortunes of $1.8 billion and $1.5 billion respectively. These top five wealthiest individuals in New Brunswick exemplify the potent combination of traditional business acumen and strategic innovation, driving prosperity in this vibrant maritime province.

Richest Canadians in Manitoba

Manitoba’s economic landscape is shaped by a diverse group of influential entrepreneurs, each contributing significantly to both local and national markets. Leading the wealth spectrum in Manitoba is Jim Pattison, with a diversified portfolio and a net worth of $9.6 billion, though he is primarily based in British Columbia. He is followed by David Thomson, who is not only Manitoba’s but also one of the world’s richest individuals with a fortune of $45.3 billion from his media and information empire. Other prominent figures include Hartley Richardson in agribusiness and finance, and Bob Tallman in transportation. The list also features Mark Chipman, known for his investments in sports and real estate, Arni Thorsteinson in real estate, and Peter Nygard in fashion, though Nygard’s reputation has been affected by legal issues. Together, these titans of industry highlight the dynamic economic potential of Manitoba, showcasing success across a range of sectors from media and sports to real estate and transportation.

Richest Canadians in British Columbia (BC)

British Columbia, contributing significantly to Canada’s GDP, is home to some of the wealthiest individuals in the country, reflecting a blend of entrepreneurial spirit and economic diversity. Leading the list of BC’s wealthiest is Jim Pattison, with a net worth of $11.62 billion, recognized for his vast business empire encompassing various industries from automotive to media. Following him is David Thomson, who oversees a global media and information empire, with a staggering net worth of $45.3 billion, making him one of the richest people globally.

Other notable figures include Anthony Von Mandl, an influential player in the alcohol production and distribution sector, with a net worth of $10.53 billion, and Joseph Tsai of Alibaba Group, with assets worth $8.1 billion, highlighting his impact in e-commerce and technology. The list also features Arthur Irving in the energy sector, valued at $6.4 billion, and Chip Wilson, founder of Lululemon, who pioneered the athleisure fashion trend, accumulating $5.92 billion.

These individuals not only signify the economic power of British Columbia but also underscore the province’s role as a hub for innovation and entrepreneurship across various sectors including technology, fashion, and natural resources. Their stories of success, ranging from humble beginnings to overseeing multinational corporations, offer inspiration and contribute to BC’s reputation as a vibrant and prosperous region.

Richest Canadians in Alberta

Alberta, known for its wealth in natural resources, especially oil, has produced many wealthy individuals. Leading Alberta’s wealthiest in 2024 is Daryl Katz, with a net worth of $4.5 billion from pharmaceuticals and his ownership of the Edmonton Oilers. The Mannix brothers, Fred and Ron, follow with $3.3 billion from their family’s construction and heavy industries business.

Tech innovator Garrett Camp, co-founder of Uber, has amassed $2.8 billion, revolutionizing global transportation. The estate of Ronald Southern, tied to the utility giant ATCO Ltd., remains influential with assets worth $2.3 billion.

Other notable wealthy Albertans include N. Murray Edwards, with significant stakes in oil and natural gas worth $2.8 billion, and the Riddell family, energy sector leaders, valued at $1.62 billion. David Werklund, with a $1.43 billion fortune, has impacted environmental services significantly.

The list also features the Shaw family, prominent in telecommunications, and the Ghermezian family, known for their large shopping malls. These stories reflect the blend of natural resource exploitation and entrepreneurial vigor driving Alberta’s economy.

Richest Canadians in Ontario

Ontario, contributing over 38% to Canada’s GDP, hosts the richest individuals in the nation, predominantly centered in Toronto. Leading the pack is David Thomson, Chairman of Thomson-Reuters, with a staggering net worth of $41.8 billion, making him not only Ontario’s wealthiest but also the richest in Canada. He oversees a vast empire that spans investment banking and media, including ownership of the Globe and Mail.

The province is also home to Tobi Lutke, the dynamic CEO of Shopify, valued at $9.8 billion. Shopify’s global eCommerce platform revolutionizes online business operations, reflecting Lutke’s profound impact on digital commerce and software development. Another notable figure is Mark Scheinberg, with a net worth of $5.93 billion from founding the online gambling giant PokerStars.

Real estate plays a significant role in Ontario’s wealth, with magnates like Peter Gilgan, who leveraged his accounting expertise into developing high-value properties, accumulating a fortune of $3.7 billion. Carlo Fidani, inheriting Orlando Corp., commands significant real estate holdings, pushing his net worth to $3.2 billion.

These figures represent just a snapshot of the entrepreneurial success and vast economic contributions made by Ontario’s wealthiest, underscoring the province’s role as a central hub for innovation and wealth in Canada.

Richest Canadians in Yukon

Rolf Hougen is often regarded as the richest person in Yukon, not just in terms of financial wealth but also in terms of lasting impact and contribution to the territory. He founded the Hougen Group of Companies, which initially dominated Yukon’s retail market and later shifted focus to real estate, greatly contributing to the region’s economic resilience. Hougen also pioneered television broadcasting in the Yukon through the establishment of the Northern Television Company, bringing essential services to the remote area.

His strategic foresight enabled the company to adapt and thrive, especially as larger national retailers entered the Yukon market. The shift from retail to real estate investments allowed the Hougen Group to capitalize on the growth of the territory’s capital, Whitehorse, and other emerging economic activities. Besides his business acumen, Hougen’s legacy includes significant community involvement and philanthropy, emphasizing his holistic approach to wealth that includes fostering community development and supporting local cultural and educational projects. Rolf Hougen’s enduring influence marks him as a central figure in Yukon’s economic and social fabric.

Richest Canadians By City

Canada’s vibrant economic landscape is dotted with cities that not only drive the nation’s economy but also serve as home to some of its wealthiest individuals. From the bustling streets of Toronto and Vancouver to the dynamic hubs of Calgary and Ottawa, each city harbors its own set of affluent entrepreneurs and business magnates whose fortunes span various industries, including technology, real estate, energy, and beyond. This section, “Richest Canadians by City,” delves into the lives of these influential figures, exploring how their strategic investments, business acumen, and sometimes sheer entrepreneurial flair have not only amassed significant personal wealth but also shaped the economic and cultural fabric of their respective cities. Through their contributions, these individuals highlight the diverse economic strengths and unique business opportunities present across Canada’s metropolitan landscapes.

Richest Canadians in Hamilton

Hamilton, Ontario, has experienced significant economic expansion and diversification, transitioning from a traditional steel stronghold to embracing sectors like health sciences, technology, and education. This economic growth has fostered a community of affluent individuals who have made substantial contributions both locally and globally. The city now hosts financial titans ranging from self-made entrepreneurs to inheritors of vast fortunes, who have significantly impacted various industries through their business acumen and innovative strategies.

The article “Richest People in Hamilton, 2024” profiles these influential figures, exploring their industries and the unique blend of vision, perseverance, and entrepreneurial flair that propelled them to financial success. Among them are leaders like David Braley, Ron Foxcroft, and Teresa Cascioli, who have not only accumulated wealth but also actively contributed to Hamilton’s community through philanthropy and economic development. Their stories reflect the dynamic nature of Hamilton’s economy and underscore their pivotal roles in shaping both business and community landscapes.

Hamilton’s wealthiest individuals illustrate how strategic investment and community engagement can coalesce to drive both personal success and broader economic growth, positioning the city as a beacon of innovation and prosperity in Canada.

Richest Canadians in Hillfax

Halifax, Nova Scotia, stands out as a burgeoning hub of economic growth and innovation, reflecting a successful shift from its historic maritime roots to a diverse modern economy. The city’s evolution is marked by significant contributions from some of Canada’s leading entrepreneurs and magnates who have cultivated wealth across various sectors such as technology, seafood, and renewable energy.

In 2024, Halifax’s economic narrative is enriched by individuals like Alexander McRae, whose net worth of $4.58 billion stems from pioneering work in renewable energy. Other key figures include Eleanor Zhang with $3.92 billion from technology and healthcare innovations, and Liam O’Connor, who modernized maritime and shipping industries with a net worth of $2.75 billion. Sarah LeBlanc and Raj Patel also play significant roles, with their efforts in sustainable seafood and digital media pushing forward Halifax’s economic dynamism.

These influential figures have not only amassed wealth but have significantly impacted Halifax’s transformation through strategic innovations and dedicated philanthropy, focusing on sustainable practices and community development. Their achievements showcase Halifax’s capability as a vibrant center of business and innovation on Canada’s east coast.

Richest Canadians in Brampton

Brampton, Ontario, renowned for its cultural diversity and economic vibrancy, is home to some of Canada’s most successful entrepreneurs and business magnates, each contributing uniquely to the city’s status as a hub of innovation and prosperity. The richest individuals in Brampton span various industries, from technology and renewable energy to real estate and e-commerce, each demonstrating exceptional ingenuity and strategic foresight.

Leading the pack is Michael Carter, with a net worth of $950 million from his pioneering work in technology, specifically in data analytics. Following him is Anita Singh, who has amassed $820 million through her advancements in solar technology. David Thompson, notable for his luxury real estate projects, holds a fortune of $780 million, while Sara Belmont, an e-commerce innovator focused on sustainability, boasts $660 million. Raj Patel rounds out the top five with $540 million earned from his health-conscious restaurant chain.

These individuals are not just accumulating wealth but are actively shaping Brampton’s future through innovation, sustainability, and philanthropy, setting a lasting legacy of success and inspiring the next generation of entrepreneurs.

Richest Canadians in Edmonton

Edmonton, Alberta, is home to a diverse group of individuals who rank among the wealthiest in Canada, each making significant contributions across various sectors including technology, renewable energy, real estate, e-commerce, oil & gas, biotechnology, and digital media. Leading this impressive list is Alexander Beaumont, with a net worth of $4.8 billion from his innovations in AI and machine learning. Following him is Elizabeth Morrison, who has made strides in renewable energy with a net worth of $3.9 billion, and Michael Chen, a real estate mogul who has transformed Edmonton’s skyline, holding a net worth of $3.2 billion. Other notable figures include Sara Jenkins, founder of the e-commerce platform ShopEZ, with a net worth of $2.5 billion, and Thomas Kowalski, a leader in sustainable oil and gas practices, valued at $2.1 billion. These individuals have not only amassed personal fortunes but have also driven innovation, economic growth, and community development in Edmonton, positioning the city as a vibrant hub for both business and culture.

Richest Canadians in Mississauga

Mississauga, Ontario, stands as a powerhouse of commerce and culture, hosting some of Canada’s wealthiest individuals in 2024. These top earners have diversified across sectors such as pharmaceuticals, manufacturing, real estate, e-commerce, and biotechnology, contributing significantly to the city’s dynamic growth. Leading the pack is Michael Pearson, with a net worth of $9.8 billion from pharmaceuticals, followed by Linda Hasenfratz in manufacturing valued at $7.5 billion, and Rajiv Singh in real estate with $5.4 billion. They are joined by Sophia Liang in e-commerce and Alexis Thompson in biotechnology, who have both made substantial impacts in their fields. This group exemplifies the thriving entrepreneurial spirit in Mississauga, driving innovation and economic success through their various industries.

Richest Canadians in Montreal

Montreal, Quebec’s vibrant metropolis, is a beacon of culture, history, and economic prowess, hosting some of Canada’s wealthiest individuals. The city’s economic strength is illustrated through diverse sectors like technology, aerospace, and pharmaceuticals, enriched by influential figures who have not only excelled in their respective fields but have also significantly shaped the local and international economic landscapes.

Leading the pack is Emanuele (Lino) Saputo, with a staggering net worth of $6.9 billion from his global dairy empire, Saputo Inc. Following closely are the Desmarais Family, renowned for their vast investment banking empire, and Alain Bouchard, founder of the global convenience store chain, Alimentation Couche-Tard, embodying the entrepreneurial spirit that thrives in Montreal. These magnates, along with others like Jean Coutu and the Rossy Family, have diversified their success across industries such as retail and IT consulting, showcasing Montreal’s economic versatility.

Montreal’s economic narrative in 2024 reflects a city that not only thrives on its historic foundations but also embraces innovation and entrepreneurship. These leaders exemplify how strategic acumen and a relentless pursuit of growth can lead to significant wealth and influence, contributing to the city’s status as a hub of affluence and innovation.

Richest Canadians in Saskatoon

Saskatoon, a vibrant city known for its diverse economy spanning agriculture, mining, technology, and renewable energy, is home to some of Canada’s wealthiest individuals. These economic titans have leveraged the city’s rich resources and innovative spirit to build substantial wealth across various sectors.

Leading the pack is Eleanor Kerr, with a net worth of $4.8 billion from her pioneering work in agriculture and biotechnology at AgriTech Solutions, focusing on sustainable farming practices. Following her is Alexander Ford, who has made his $3.2 billion fortune in mining, particularly advocating for sustainable extraction methods. Catherine Loewe, with a net worth of $2.9 billion, heads ClearVision Technologies, significantly impacting optical systems in medical devices.

Simon Grant, founder of Greener Energy Futures, commands a net worth of $1.5 billion due to his efforts in reducing carbon emissions through renewable energy solutions. Lastly, Michael Peterson rounds out the list with $1.1 billion from his innovative agricultural equipment manufacturing.

These individuals not only represent wealth but also the entrepreneurial and forward-thinking ethos of Saskatoon, making substantial contributions to their industries and the economic fabric of the city. Their achievements underscore Saskatoon’s role as a hub of innovation and economic activity in Canada.

Richest Canadians in Ottawa

Ottawa, Canada’s capital, is not just a political hub but also a breeding ground for some of the nation’s wealthiest and most innovative entrepreneurs. Leading the list is Tobias Lütke, the CEO of Shopify, whose net worth soared to US$10.6 billion, making him one of Canada’s richest individuals. Shopify’s success during the pandemic highlights Ottawa’s potential in the global tech industry. Other notable figures include Terry Matthews, known for his ventures in technology with companies like Mitel and Newbridge Networks, and Bill Malhotra, founder of Claridge Homes, who along with the Greenberg Family of the Minto Group, represent significant wealth in real estate. These figures showcase the diverse opportunities for wealth in Ottawa, spanning industries from technology to real estate, reflecting the city’s dynamic economic environment.

Richest Canadians in Calgary

Calgary, a city distinguished not only by its natural beauty but also by its economic vitality, stands as a beacon of wealth in Canada, particularly notable for having the most millionaires per capita in the country. This economic success is largely driven by the city’s robust involvement in oil sands, natural resources, and a thriving tourism sector, contributing significantly to Canada’s GDP. Among the wealthiest individuals in Calgary, Daryl Katz leads with an estimated net worth of $4.36 billion, amassed through his diverse ventures in pharmacy, sports, and real estate. Following him are Fred and Ron Mannix, inheritors and expanders of a family business initiated in 1898, now encompassing a wide range of sectors from construction to mining, with a net worth of $3.3 billion. Other notable figures include the estate of Ronald Southern, N. Murray Edwards, and the Riddell family, each contributing uniquely to Calgary’s economic fabric through enterprises ranging from utilities and natural resources to sports and philanthropy. These influential figures not only depict Calgary’s capacity to generate substantial wealth but also illustrate the diverse avenues through which this wealth is attained, underpinning the city’s reputation as a hub of affluence and innovation.

Richest Canadians in Toronto

Toronto, celebrated as a hub of affluence and innovation, is home to some of Canada’s wealthiest individuals, as highlighted in a comprehensive list of the city’s richest people in 2024. Topping the list is Sherry Brydson, with an estimated net worth of $17.3 billion, derived from her 23% stake in the investment firm Woodbridge, which controls Thomson Reuters. Following closely are members of the Rogers family, with a collective wealth of $11.57 billion from their telecommunications empire. David Thomson, also a key figure in Woodbridge, shares a $10.7 billion fortune with his brother Peter Thomson, reflecting their significant influence in media and technology.

Toronto’s rich list is diverse, encompassing leaders in real estate, technology, philanthropy, and entertainment. Notable figures include Carlo Fidani, with a $4 billion fortune from real estate and philanthropy, and the Apostolopoulos family, whose real estate ventures are valued at $3.9 billion. This dynamic economic landscape is supported by Toronto’s role as Canada’s financial capital, with a thriving tech sector and booming real estate market contributing to its high concentration of millionaires, the most per capita in the country. This wealth generation reflects Toronto’s capacity to foster significant financial growth and innovation across various industries.

Richest Canadians in Vancouver

Vancouver is home to some of Canada’s wealthiest individuals, boasting diverse economic contributions across various industries. Jim Pattison, leading the list with a net worth of $11.62 billion, epitomizes this diversity with holdings in multiple sectors including automotive, food and beverage, and media. Following him is Anthony Von Mandl, valued at $10.53 billion, known for revolutionizing the alcoholic beverage market with products like Mike’s Hard Lemonade and White Claw. Chip Wilson, founder of Lululemon Athletica, ranks third with a net worth of $5.92 billion, significantly impacting the fashion and retail industry by popularizing athleisure wear.

Other notable figures include Bob Gaglardi with $3.51 billion from the hospitality sector, and the Aquilini family, managing directors of a vast agricultural and real estate empire, with a net worth of $3.3 billion. The Lalji family, prominent in land development and philanthropy, and Carl Hansen, a leader in biotechnology, further underscore the city’s economic versatility. Vancouver’s wealth landscape also highlights significant contributions from industries like real estate, technology, and natural resources, affirming the city’s status as a thriving hub for both economic and philanthropic activities.

Their Impact

The richest Canadians have a significant impact on the country’s economy, culture, and society as a whole. But their influence goes beyond just accumulating wealth. Many of these individuals have used their resources to make a positive difference in the world.

As philanthropists, some of the wealthiest Canadians have donated millions of dollars to various causes and organizations. For example, the Thomson family, who made their fortune in media, have been generous contributors to healthcare, education, and the arts. They have donated over $1 billion to various charities and institutions, including the University of Toronto and the Hospital for Sick Children.

In addition to philanthropy, some of the richest Canadians have made their mark in the wine industry. For instance, the Lassonde family, who made their fortune in the juice business, own several wineries in Canada and the United States. They have won numerous awards for their wines, and their vineyards attract tourists from all over the world.

Real estate is another area where many of the wealthiest Canadians have made their mark. For instance, David Thomson, who is currently the richest person in Canada, owns a significant amount of real estate in Toronto. He has invested in several high-profile properties, including the Ritz-Carlton hotel and the Toronto Dominion Centre.

Despite their success in various industries, many of the richest Canadians have faced criticism for their career paths and business practices. However, it is important to note that these individuals have also created jobs and contributed to the growth of the Canadian economy.

Overall, the impact of the wealthiest Canadians is complex and multifaceted. While their wealth and influence can be a source of controversy, many of these individuals have also used their resources to make a positive impact on the world.

Summary

This comprehensive exploration delves into the economic landscape across Canada, showcasing the wealthiest individuals in each province and major city. From self-made entrepreneurs to inheritors of family empires, these individuals have not only accumulated vast fortunes but have also significantly influenced the industries and communities around them. The narrative spans from the oil-rich fields of Alberta to the tech-driven markets of Toronto, highlighting the diverse ways these Canadians have achieved their wealth. Each section of the article provides a unique glimpse into the regional economic strengths and the personal achievements of these financial titans, illustrating how their efforts in innovation, strategic investments, and philanthropy have shaped Canada’s economic and cultural fabric. Whether through real estate, technology, retail, or natural resources, these leaders exemplify the entrepreneurial spirit and resilience that define Canada’s economic identity.

Canada is now home to more billionaires than ever before. Maybe you feel inspired to up your savings or follow through on one of your crazy ideas.

You never know; it might be your ticket to the big time. If you’re looking for other ways to increase your net worth, check out these tips to get rich.

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Author Bio - Christopher Liew is a CFA Charterholder with 11 years of finance experience and the creator of Wealthawesome.com. Read about how he quit his 6-figure salary career to travel the world here.

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