Here are the Top 10 Canada’s Richest People 2017 (Based on Canadian Business News)
10) Jimmy Pattison
Net Worth: $5.74 billion
Major company holdings: Jim Pattison Group
Jim Pattison Group includes TV and radio stations, automotive dealerships, grocery store chains, magazine distribution, food service specialty packaging, advertising, real estate development, fishing, forest products, financial services, and entertainment. Some of the Jim Pattison Food Group are: Save on Foods, PriceSmart Foods and Overwaitea Foods.
9) Richardson Family
Net Worth: $5.95 billion
Major company holdings: James Richardson & Sons
The James Richardson & Sons, Limited was established in 1857. It is a private family-owned and operated Canadian corporation, headquartered in Winnipeg, Manitoba. The company is involved in the international grain trade and agri-food business, energy, real estate, financial services, and investments.
8) Demarais Family
Net Worth: $6.71 billion
Major company holdings: Power Corp. of Canada
Demarais Family owns and manages the Power Corporation of Canada. The corporation is a diversified international management and holding company with interests in companies in the financial services, renewable energy, communications and other business sectors.
7) Irving Family
Net Worth: $7.65 billion
Major company holdings: Irving Oil, J.D. Irving
Location: Saint John, N.B.
Irving Group of Companies were established or acquired by K.C. Irving during his period of active entrepreneurship between the 1920s and the 1970s. Following his retirement to Bermuda in the 1970s, the conglomerate was operated by his three sons in much the same manner and remained relatively intact and maintained a strong vertical integration. The companies were roughly divided into similar divisions, each controlled by one of K.C. Irving’s sons and their respective children.
6) Joseph Tsai
Net Worth: $8.27 billion
Major company holdings: Alibaba
Location: Hong Kong
Joseph Tsai is a Taiwanese-Canadian businessman. He is the co-founder and executive vice chairman of Alibaba Group. Alibaba Group Holding Limited is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It also provides electronic payment services, a shopping search engine and data-centric cloud computing services.
According to Canadian Business, this year has seen Tsai navigate the company through its first substantial challenges. The U.S. authorities are investigating Alibaba’s accounting practices, because of concerns about the operating data from its blockbuster annual sale. Tsai’s been making the media rounds, denying that a “high-up whistleblower” tipped off the government. It’s all part of his job as one of the company’s public faces.
5) Garrett Camp
Net Worth: $8.93 billion
Major company holdings: Uber, Stumbleupon
Location: San Francisco
The Calgary-born Garrett Camp began his path to riches after selling his social media firm StumbleUpon to eBay for $75 million in 2009. A year later, he and fellow startup vet Travis Kalanick created Uber, the ride-sharing service that has since taken the world by storm and broken record after record for huge venture capital rounds. Camp’s stake in Uber, where he’s still chairman, propelled him to billionaire status.
4) Rogers Family
Net Worth: $9.13 billion
Major company holdings: Rogers Communications
Rogers Communications Inc. is a Canadian communications and media company. It operates particularly in the field of wireless communications, cable television, telephone, and Internet connectivity with significant additional telecommunications and mass media assets. The company is headquartered in Toronto, Ontario.
3) Saputo Family
Net Worth: $10.61 billion
Major company holdings: Saputo, Transforce
The company is the largest cheese maker in Canada, third largest in both the U.S. and Argentina, and fourth in Australia.
2) Galen Weston
Net Worth: $13.22 billion
Major company holdings: George Weston, Associated British Foods, Loblaw, Selfridges, Holt Renfrew
Galen Weston is a British-Canadian businessman and philanthropist as well as Executive Chairman of George Weston Limited, a leading food processing and Distribution Company. In addition to being one of the country’s leading bakers through wholly owned subsidiary Weston Foods, Weston is also an experienced supermarket retailer who saved Loblaw Companies and made it again as Canada’s largest food retailer, through a family holding company.
1) Thomson Family
Net Worth: $39.13 billion
Major company holdings: Thomson Reuters, Woodbridge Co.
Thomson Reuters Corporation is a Canadian multinational mass media and information firm. The firm was founded in Toronto, Ontario, Canada. Thomson Reuters was created by the Thomson Corporation’s purchase of British-based Reuters Group in April 2008. And is majority owned by The Woodbridge Company, a holding company for the Thomson family.