CEOWORLD Magazine has identified the richest people in Canada for its annual Canada Rich List Index, and the list includes 41 billionaires.
According to the financial publication's annual listing, 2019 saw the total wealth of the top 10 richest Canadians hit a new record high of $96.4 billion.
David Thomson, chairman of Thomson Reuters, claimed the top spot with an estimated net worth of a staggering $39 billion. The British-Canadian magnate became the wealthiest man in the country after the death of his father in 2006, when he became chairman of Thomson Corporation. According to Forbes, Thompson and his family, "control a media and publishing empire founded by his grandfather Roy Thomson," and also own the Globe and Mail; they also has a major stake in Bell Canada.
Jospeh Tsai is the second wealthiest person in Canada, with a whopping estimated net worth of $10.2 billion. As vice-chairman of Chinese e-commerce giant Alibaba Group, Tsai is also a dual-citizen of the People's Republic of China. In addition, he owns nearly half of the Brooklyn Nets National Basketball Association team.
Galen Weston is the third richest person in the country, with a net worth of $9 billion. Westen is a British-Canadian businessman and also the chairman emeritus of George Weston – a titanic Canadian food processing and distribution company, which represents businesses through its control of Loblaw Companies Limited ("Loblaw") and Loblaw's recent acquisition of Shoppers Drug Mart.
David Cheriton and James Irving rounded up the top five wealthiest people in Canada with $6.4 billion and $6.3 billion, respectively.
Jim Pattison is the sixth wealthiest person in Canada with an estimated net worth of $5.7 billion.
To identify wealthiest people in Canada, CEOWORLD magazine reviewed numerous national and international media reports. Additional information about the billionaires came from Forbes global index, and all estimated net worth figures are in U.S. dollars.
Richest People in Canada
1. David Thomson: $39 billion
2. Joseph Tsai: $10.2 billion
3. Galen Weston: $9 billion
4. David Cheriton: $6.4 billion
5. James Irving: $6.3 billion
6. Jim Pattison: $5.7 billion
7. Huang Chulong: $5.6 billion
8. Emanuele (Lino) Saputo: $5.1 billion
9. Chip Wilson: $4.6 billion
10. Mark Scheinberg: $4.5 billion
11. Alain Bouchard: $4.1 billion
12. Peter Gilgan: $4 billion
13. Arthur Irving: $3.5 billion
14. Daryl Katz: $3.1 billion
15. Bob Gaglardi: $3 billion
16. Tobi Lutke: $2.9 billion
17. Garrett Camp: $2.7 billion
18. Robert Miller: $2.7 billion
19. Mitchell Goldhar: $2.7 billion
20. Lawrence Stroll: $2.6 billion
21. Jean Coutu: $2.5 billion
22. Michael Lee-Chin: $2.4 billion
23. Carlo Fidani: $2.3 billion
24. Serge Godin: $2.3 billion
25. Charles Bronfman: $2.3 billion
26. Jacques D'Amours: $2.1 billion
27. Pierre Karl Péladeau: $1.8 billion
28. Stephen Smith: $1.8 B $2 billion
29. Marcel Adams: $1.7 billion
30. Stephen Jarislowsky: $1.6 billion
31. Hal Jackman: $1.6 billion
32. Gerald Schwartz: $1.6 billion
33. Mark Leonard: $1.5 billion
34. N. Murray Edwards: $1.4 billion
35. Bruce Flatt: $1.4 billion
36. Brandt Louie: $1.4 billion
37. Peter Szulczewski: $1.4 billion
38. K. Rai Sahi: $1.3 billion
39. Jack Cockwell: $1.3 billion
40. Terence (Terry) Matthews: $1.2 billion
41. Guy Laliberté: $1 billion
This article originally appeared here.
