List of Canadians by net worth

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The following list of Canadians by net worth includes the wealthiest Canadian individuals and families as determined by the Bloomberg Billionaires Index and The World's Billionaires by Forbes. In addition to Bloomberg and Forbes, there are other organizations and publications that also measure the wealth of high net-worth individuals and families.

List of Canadians by net worth[]

Several publications have produced listing of the world's wealthiest people by net worth, including Bloomberg and Forbes. However, there are differences between these listings, with the number of billionaires that exist, as well as their estimated net worth.

According to Canadian Business, in November 2017 there were at least 100 Canadian billionaires when using the Canadian dollar to evaluate net worth.[1][2] This number differs from The World's Billionaires by Forbes, and the Bloomberg Billionaires Index, as they both use the United States dollar to evaluate net worth.[3][4]

Publications may also provide different estimates for an individual's net worth, leading to disagreement between the publications.[5][6] In January 2021, Bloomberg announced that Elon Musk had surpassed Jeff Bezos in its listing of billionaires, becoming the world's wealthiest individual.[7] However, Forbes had contested Bloomberg's claims, with Forbes having noted that Musk only advanced from being the third-wealthiest to second-wealthiest individual according to their own valuations.[5]

Several Canadian individuals/families that hold multiple citizenships and have a net worth exceeding C$1 billion may also not be listed as Canadians by the aforementioned publications. For example, Musk holds multiple citizenships, including Canadian citizenship;[7][5][note 1] although Bloomberg and Forbes' listing of billionaires list Musk as an American.[4][8]

Bloomberg[]

Bloomberg L.P. maintains a daily ranking of the net worth analysis of the world's richest people in the world on the Bloomberg Billionaires Index, which is updated "at the close of every trading day in New York". The results are published on the profile page of each individual billionaire.[9] Bloomberg's listing only evaluates the net worth of individuals.[9]

The following is a list of the wealthiest individuals with "Canada" listed as their "Country/Region" according to Bloomberg's daily listing, the Bloomberg Billionaires Index, as of 19 January 2022.[4]

List of wealthiest Canadians (Bloomberg, 19 January 2022)[4][note 2]
World rank Name Net worth (USD) Industry
13 Changpeng Zhao US$88.2 billion Finance
156 Sherry Brydson US$13.6 billion Media & Telecom
267 Tobi Lutke US$9.10 billion Technology
293 James Pattison US$8.56 billion Media & Telecom
301 David Thomson US$8.46 billion Media & Telecom
302 Peter Thomson US$8.46 billion Media & Telecom
304 Taylor Thomson US$8.43 billion Media & Telecom
333 Anthony von Mandl US$7.92 billion Consumer
360 Joseph Tsai US$7.43 billion Technology
398 James K. Irving US$6.97 billion Commodities
422 Gaye Farncombe US$6.65 billion Media & Telecom
426 Linda Campbell US$6.62 billion Media & Telecom
466 Chip Wilson US$6.00 billion Retail
473 David Cheriton US$5.92 billion Technology

Forbes[]

Forbes magazine's annual listing of billionaires entitled The World's Billionaires is based on March 18, 2020 "stock prices and exchange rates" in US dollars.[10] They collaborate with FactSet Research Systems, Orbis, PitchBook Data, , , S&P Capital IQ, and to collect data.[10]

The following is a list of the wealthiest Canadian individuals and families according to the Forbes' annual The World's Billionaires listing for 2021.[11]

List of wealthiest Canadians (Forbes, 2021)[11][note 2]
World rank Name Net worth (USD) Source of wealth
33 David Thomson & family US$41.8 billion Media
189 Joseph Tsai US$11.6 billion E-commerce
232 Tobi Lutke US$9.8 billion E-commerce
241 Jim Pattison US$9.6 billion Diversified
269 David Cheriton US$8.8 billion Google
274 Anthony von Mandl US$8.7 billion Alcoholic beverages
297 Pan Dong US$8.3 billion Consumer goods
384 Huang Chulong US$6.8 billion Real estate
486 Lino Saputo & family US$5.7 billion Cheese
574 Mark Scheinberg US$4.9 billion Online gambling
574 Chip Wilson US$4.9 billion Lululemon
655 Garrett Camp US$4.4 billion Uber
680 Alain Bouchard US$4.2 billion Retail
680 James K. Irving US$4.2 billion Diversified
807 Peter Gilgan US$3.7 billion Homebuilding
831 Daryl Katz US$3.6 billion Pharmacies
831 Yuan Liping US$3.6 billion Pharmaceuticals
859 Apoorva Mehta US$3.5 billion Grocery delivery service
956 Carlo Fidani US$3.2 billion Real estate
956 Lawrence Stroll US$3.2 billion Fashion and retail
1,064 Bob Gaglardi US$2.9 billion Hotels
1,111 Jean Coutu & family US$2.8 billion Drugstores
1,174 Mitchell Goldhar US$2.7 billion Real estate
1,205 Bruce Flatt US$2.6 billion Money management
1,205 Hal Jackman US$2.6 billion Insurance and investments
1,205 Stephen Smith US$2.6 billion Finance and investments
1,249 Charles Bronfman US$2.5 billion Liquor
1,299 Zhang Ning & family US$2.4 billion Chemicals
1,362 Barry Zekelman US$2.3 billion Steel
1,444 Serge Godin US$2.2 billion Information technology
1,444 Catherine Phillips US$2.2 billion Investments
1,444 John Phillips US$2.2 billion Investments
1,517 Jacques D'Amours US$2.1 billion Retail
1,517 Mark Leonard & family US$2.1 billion Software
1,580 Robert Miller US$2 billion Electronic components
1,580 Pierre Karl Péladeau US$2 billion Media
1,644 Arthur Irving US$1.9 billion Oil
1,750 Jack Cockwell US$1.8 billion Real estate, private equity
1,750 N. Murray Edwards US$1.8 billion Oil and gas
1,750 Carl Hansen US$1.8 billion Biotech
1,750 Stephen Jarislowsky US$1.8 billion Money management
1,833 Stewart Butterfield US$1.7 billion Messaging software
1,833 Philip Fayer US$1.7 billion Online payment
1,833 Peter Szulczewski US$1.7 billion E-commerce
1,931 Ryan Cohen US$1.6 billion Investments
1,931 Michael Lee-Chin US$1.6 billion Mutual funds
2,141 Terry Matthews US$1.4 billion Telecom
2,141 Clayton Zekelman US$1.4 billion Steel
2,263 Brandt Louie US$1.3 billion Drugstores
2,263 Gerald Schwartz US$1.3 billion Finance
2,378 Guy Laliberté US$1.2 billion Cirque du Soleil
2,378 Bill Malhotra US$1.2 billion Real estate
2,378 Qiu Dongxu US$1.2 billion Pharmaceuticals
2,378 Dani Reiss US$1.2 billion Down jackets
2,378 Yu Xuefeng US$1.2 billion Pharmaceuticals
2,524 Alan Zekelman US$1.2 billion Steel
2,524 Naomi Azrieli US$1.1 billion Real estate
2,524 Sharon Azrieli US$1.1 billion Real estate
2,524 Richard Fortin US$1.1 billion Convenience stores
2,524 Zhao Tongtong US$1.1 billion Hotels
2,674 Ronnen Harary US$1 billion Toys
2,674 Mao Huihua US$1 billion Pharmaceuticals
2,674 Michael McCain US$1 billion Packaged meats
2,674 Anton Rabie US$1 billion Toys

Historical[]

The richest Canadian to have ever lived is believed to be Herbert Samuel Holt, who had an estimated net worth of $3 billion CAD in 1928 (equivalent to C$45,164,835,165 in 2020).[12]

Other measurements and rankings of net worth[]

Statistics Canada[]

Statistics Canada uses the Survey Financial Security Public Use Microdata File (SFS PUMF) as their principal "family wealth microdata product".[13]: 1, 3 

Parliamentary Budget Officer[]

In September 2019, the Office of the Parliamentary Budget Officer (PBO)—an independent, non-partisan office that supports the work of parliamentarians by providing authoritative financial and economic analysis of issues related to public monies—published a two-page cost estimate of the "fiscal revenues of an annual tax on the net wealth of high-net-worth families above $20 million".[13]: 3  The report was one of 200, requested by the political parties in the months leading up to the 2019 federal election.[13]: 3  At that time, the main "family wealth microdata product" used by Statistics Canada—the Survey Financial Security Public Use Microdata File (SFS PUMF)—was found to result in "underreporting" and "missing data."[13]: 1, 3  In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of , ranked 100th with a net worth of C$875 million, while number 1 on the list—the Toronto-based Thomson family of Thomson Reuters—had a net worth of C$39.13 billion.[14] However, the SFS PUMF only reported on the wealth of families with $27 million or less.[13]: 3 

In their June 2020 report, the PBO introduced their new "analytic resource" developed to "address the data gap." Their new modelling approach provides a more reliable estimate of family wealth at the top tail of wealth distribution in Canada. Using publicly available data from Canadian Business (CB) magazine and Statistics Canada's micro dataset, the OPBO created a new synthetic micro dataset called the High-net-worth Family Database (HFD) that recalibrates the SFS PUMF by adding a "synthetic dataset of families with wealth over $3 million".[13]: 1  Using the more finely grained micro data base, PBO found that the share of the wealth held by top 1% wealthiest Canadian families is 12% higher than the share previously reported using the SFS PUMF. The PBO says that the discrepancy may be due to higher incidences of high net worth families not responding to the SFS.[13]: 1  For example, comparing the two surveys based on 2016 data, the SFS PUMF had estimated the wealth held by the top 1% wealthiest Canadians as 13.7%, while the newer calibrated database HFD produced an estimate of 25.6%.[13]: 1 

Canadian Business[]

Canadian Business, has also published an annual ranking of the wealthiest Canadian individuals and families since 1998. The magazine has published complete rankings of the "100 wealthiest individuals and families in Canada", an "annual guide to the richest people in Canada—how much they're worth, how they made their fortunes, and the companies that got them there."[14] The most recent available list is updated to 2018.[15] Examples of previous years include 2017,[14] 2016,[16] 2015,[17] 2014, and 2013.[18]

The Thomson Family increased their wealth by 30% from over C$26 billion in 2013[18] to over C$30 billion in 2014,[18] reaching over C$39.13 billion by 2017.[14]

See also[]

Notes[]

  1. ^ Elon Musk holds citizenship from Canada, South Africa, and the United States.
  2. ^ a b The list only includes individuals that were categorized as Canadians by the publication.

References[]

  1. ^ "Canada's Richest People 2018: The Top 25 Richest Canadians". Canadian Business. Rogers Media. 9 November 2017. Retrieved 18 November 2019.
  2. ^ "Canada's Richest People 2018: The Complete Top 100 Ranking". Canadian Business. Rogers Media. 9 November 2017. Retrieved 19 November 2019.
  3. ^ "45 Canadians make Forbes billionaires list". 5 March 2019. Retrieved 19 November 2019.
  4. ^ a b c d "Bloomberg Billionaires Index". Bloomberg. 22 November 2021. Retrieved 23 November 2021.
  5. ^ a b c Clayton, Rachel (7 January 2021). "Elon Musk named richest person in the world according to Bloomberg, Forbes disagrees". ABC News.
  6. ^ Cuccinello, Haley F. (24 November 2020). "No, Elon Musk Is Not The Second Richest Person In The World -- Here's Why". Forbes. Retrieved 25 November 2020.
  7. ^ a b Evans, Pete (7 January 2021). "Elon Musk passes Jeff Bezos to become world's richest person on Bloomberg list". www.cbc.com. Canadian Broadcasting Corporation. Retrieved 7 January 2021.
  8. ^ "World's Billionaires List". Forbes. 2020. Retrieved 31 August 2020.
  9. ^ a b "Bloomberg Billionaires Index". Bloomberg. September 30, 2020. Retrieved October 1, 2020.
  10. ^ a b "Forbes Billionaires 2020". Forbes. Retrieved October 1, 2020.
  11. ^ a b "The Richest People in the World - Filter List By: Canada". Forbes. 2021. Retrieved October 7, 2021.
  12. ^ "The richest canadian who ever lived". Maclean's. December 20, 1958. Retrieved August 1, 2021.
  13. ^ a b c d e f g h Giroux, Yves (June 17, 2020). Estimating the top tail of the family wealth distribution in Canada (PDF). Office of the Parliamentary Budget Officer (PBO) (Report). p. 28. Retrieved October 1, 2020.
  14. ^ a b c d "Canada's Richest People: The Complete Top 100 Ranking (2017)". Canadian Business. December 7, 2016. Retrieved October 1, 2020. Our 18th annual guide to the richest people in Canada—how much they’re worth, how they made their fortunes, and the companies that got them there
  15. ^ "Canada's Richest People: The Complete Top 100 Ranking (2018)". Canadian Business. Retrieved October 1, 2020.
  16. ^ "Canada's Richest People: The Complete Top 100 Ranking (2016)". Canadian Business. December 24, 2015. Retrieved October 1, 2020.
  17. ^ "Canada's Richest People: The Complete Top 100 Ranking (2015)". Canadian Business. January 15, 2015. Retrieved October 1, 2020.
  18. ^ a b c "Canada's Richest People: The Complete Top 100 Ranking (2014)". Canadian Business. January 9, 2014. Retrieved October 1, 2020.
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