From 2020 to 2021, the collected wealth of the 47 Canadians who were billionaires from the year before, for a total of $270 billion. And by 2022, there were 58 of them, worth $246 billion collectively.
Many of these billionaires do not come from money. have started their own drugstores, money management firms, or real estate companies. Others have started more modern companies, such as Uber and Shopify, while others have made their money from oil and gas or steel.
But as the rich have gotten richer, in Canada has grown. In 2022's second quarter, the gap in wealth between the richest 20% of households and the poorest 20% increased. And poor and middle-income Canadians have been hit harder by recent economic turmoil than their wealthier compatriots.
compiled a list of the top 50 Canadian billionaires and ranked them by net worth, based on real-time data from Nov. 22, 2022. The leading billionaires in Canada are all men. Some of them were born in Canada, while others have come from outside the country.
Read on to see how Canada's billionaires stack up to one another.
#50. Brandt Louie
- Net worth: $1.5 billion (#1,813 richest in the world)
- Age: 79
- Source of wealth: Drugstores
Brandt Louie's grandfather Hok Yat Louie moved to Canada from China and gradually saved up enough money to open a small general store in Vancouver, British Columbia's Chinatown in 1903. That small store would become the basis of the family's business, which now includes IGA supermarkets and London Drugs. Today, Louie heads the H.Y. Louie Co. Ltd., one of the , with 10,000 employees. He also operates two charities with wide-ranging operations: the Tong and Geraldine Louie Family Foundation and the .
#49. Richard Fortin
- Net worth: $1.5 billion (#1,792 richest in the world)
- Age: 74
- Source of wealth: Convenience stores
a Canadian convenience store, Couche-Tard, which is now a chain that owns another chain, Circle K. In 2019, Couche-Tard had more than 1,400 stores with revenue above $59 billion. In addition to these stores, Fortin owns stakes in Transcontinental, a Canadian publishing and packaging company, and the National Bank of Canada.
#48. Pierre Karl Péladeau
- Net worth: $1.5 billion (#1,788 richest in the world)
- Age: 61
- Source of wealth: Media
Pierre Karl Péladeau's father founded the communications company Quebecor Inc. in 1965, and from a young age, Péladeau was interested in becoming more involved in the company. He eventually took over Quebecor subsidiaries in 1985, where he supervised several acquisitions. In 2000, while he was president and CEO of Quebecor, he led the company's major acquisitions of TVA and Videotron World. In 2015, Péladeau was elected to Quebec's National Assembly, and he served as the leader of the official opposition in the National Assembly until 2016.
#47. Stephen Jarislowsky
- Net worth: $1.6 billion (#1,781 richest in the world)
- Age: 97
- Source of wealth: Money management
Born in Berlin in 1925, Stephen Jarislowsky moved to the United States in 1941 to attend prep school in Asheville, North Carolina. He served in U.S. counterintelligence after World War II and earned his MBA at Harvard before in Montreal. The company became one of the largest and most successful investment management firms in Canada, and Jarislowsky remains on the company's board of directors. He is also the co-founder and director of the Canadian Coalition for Good Governance.
#46. Terence (Terry) Matthews
- Net worth: $1.6 billion (#1,759 richest in the world)
- Age: 79
- Source of wealth: Telecom
into successful companies, including Mitel Networks Corp., which he founded in 1972 to import electric lawn mowers, but eventually shifted gears and began selling dial pads for telephones. He used the money he made when British Telecom bought Mitel to found the telecom company Newbridge Networks, and in 2016 founded Excalibur Steel UK Ltd. Matthews is originally from Wales and today chairs the board of the Swansea Bay City Region.
#45. Michael Lee-Chin
- Net worth: $1.6 billion (#1,731 richest in the world)
- Age: 71
- Source of wealth: Mutual funds
Michael Lee-Chin was born in Jamaica in 1951 but moved to Canada in 1970 to attend McMaster University, where he studied civil engineering and first became interested in the mutual fund industry. In 1987, he bought AIC Ltd. and at the peak of the company's business. Lee-Chin sold AIC's retail mutual fund business to Manulife Financial Corp. in 2009 but is currently the executive chairman and CEO at Portland Investment Counsel Inc.
#44. Bill Malhotra
- Net worth: $1.7 billion (#1,680 richest in the world)
- Age: 73
- Source of wealth: Real estate
Born and raised in India, to Canada in 1971 when he was 22 years old. Before getting into real estate, he worked as a civil engineer, including a post as Ottawa's chief structural engineer between 1977 and 1986. After resigning from this post, he founded his real estate company, Claridge Homes. Since its founding in 1986, this company has built over 14,000 homes.
#43. Hal Jackman
- Net worth: $1.7 billion (#1,667 richest in the world)
- Age: 90
- Source of wealth: Insurance, investments
Hal Jackman was the chairman of the board of National Trust Co. and the Empire Life Insurance Co., as well as several other large Canadian companies, but he is perhaps most well-known for serving as the lieutenant governor of Ontario from 1991 through 1997. As lieutenant governor, Jackman advocated for support for the arts, history, and Canadian unity. Jackman was named to the Order of Ontario in 1988; in 2000, he was appointed an Officer of the Order of Canada.
#42. Alan Zekelman
- Net worth: $1.7 billion (#1,651 richest in the world)
- Age: 60
- Source of wealth: Steel
has made his wealth because of his partial ownership of the steel business Zekelman Industries with his brothers Clayton and Barry Zekelman. Zekelman Industries is one of the biggest steel tube and pipe makers in North America and has annual revenue of $5 billion.
#41. Robert G. Miller
- Net worth: $1.7 billion (#1,632 richest in the world)
- Age: 77
- Source of wealth: Electronics components
Born in Montreal in 1943, as a DJ and then for an electronics supplier before starting his electronics components company, Future Electronics, in 1968. When starting the company, he had a partner, Eli Manis. In 1976, Future Electronics bought Manis out for $500,000. Now, Future Electronics has an approximate revenue of $5 billion and is one of the world's top five distributors of electronics components.
#40. Jay Hennick
- Net worth: $1.7 billion (#1,627 richest in the world)
- Age: 65
- Source of wealth: Real estate finance
started his business career early, in 1972, as a teenager, using a $1,000 loan from his father to start a small commercial swimming pool management company. In 1989, Hennick turned that business into FirstService, a real estate services company. In 2010, he merged FirstService with Collier, the real estate investment firm where he is the largest shareholder and CEO. For the 2021 fiscal year, the revenue of Colliers International Group Inc. was .
#39. Guo Zhenyu & family
- Net worth: $2.0 billion (#1,435 richest in the world)
- Age: 59
- Source of wealth: Cosmetics
is the chairman and president of Yunnan Botannee Bio-Technology Group Co. Ltd., which manufactures and sells cosmetics and skin care products. This company is headquartered in China. Though Guo resides , he has Canadian citizenship.
#38. Ryan Cohen
- Net worth: $2.0 billion (#1,402 richest in the world)
- Age: 37
- Source of wealth: Investments
, the online pet supplies shop, in 2011. Six years later, Cohen sold Chewy for $3.35 billion to Petsmart—the biggest e-commerce deal ever made at the time. In late 2020, Cohen bought GameStop while simultaneously urging that the company's management restructure the company. In January 2021, he became a member of GameStop's board—and after a surge in the share price that was coordinated by traders on Reddit, Cohen's fortune increased even more.
#37. Clayton Zekelman
- Net worth: $2.1 billion (#1,392 richest in the world)
- Age: 53
- Source of wealth: Steel
Like his brother Alan Zekelman, Clayton Zekelman made his wealth because of Zekelman Industries, their family steel business. with his brothers, Barry and Alan Zekelman. Additionally, Clayton owns two Ontario telecom companies.
#36. Zhang Ning & family
- Net worth: $2.1 billion (#1,389 richest in the world)
- Age: 48
- Source of wealth: Chemicals
is the chairman and founder of the Red Avenue New Materials Group Co Ltd, a company in the materials industry that makes chemical products. lives in the city of Shanghai, he has Canadian citizenship. In addition to his career, his education includes a global financial management Ph.D. he earned at Arizona State University.
#35. Chulong Huang
- Net worth: $2.1 billion (#1,353 richest in the world)
- Age: 63
- Source of wealth: Real estate
is a Chinese entrepreneur and Canadian citizen who is the chair of the company Galaxy Holding Group, which he founded in 1988. This is an umbrella company that covers various Chinese businesses in several sectors, including design, energy, hotels, property management, shopping centers, real estate development, and finance and investment. Huang lives in Shenzhen, China.
#34. Mark Leonard & family
- Net worth: $2.4 billion (#1,230 richest in the world)
- Age: 66
- Source of wealth: Software
At the start of his career, in venture capitalism. Then, in 1995, he founded Constellation Software Inc., where he is now president. The company , after which it manages and builds them. In 2018, CSI acquired eight tech companies; a year later, it acquired almost 100 more.
#33. Serge Godin
- Net worth: $2.4 billion (#1,209 richest in the world)
- Age: 73
- Source of wealth: Information technology
Born in 1949, Serge Godin was 26 when he founded CGI Inc. with just $5,000 in his savings account. During the next decade, he grew the firm from two employees to 225, then to 1,200 after 20 years. Five decades after its founding, the company is the world's fifth-largest full-service information tech and business process services company. In 2000, Godin started a family foundation to help reduce poverty, further education, and better the health of children and teens.
#32. Charles Bronfman
- Net worth: $2.5 billion (#1,188 richest in the world)
- Age: 91
- Source of wealth: Liquor
Montreal-born and raised Charles Bronfman spent a 50-year career at the Seagram Company Ltd. and was the founding chairman and principal owner of the Montreal Expos, the first Major League Baseball team outside the United States. Particularly well-known for his philanthropic work, in 1985, Bronfman and his wife founded the Andrea and Charles Bronfman Philanthropies, which aims to educate young people about their cultural heritage and identity.
#31. Stephen Smith
- Net worth: $2.5 billion (#1,147 richest in the world)
- Age: 71
- Source of wealth: Finance and investments
Stephen Smith is the president and CEO of First National Financial LP, Canada's largest nonbank mortgage lender, and the co-owner of , which is Canada's third-largest mortgage insurance provider. After Smith was fired from his job in 1980, he began investing in real estate and building houses, but the tough economy led him to declare personal bankruptcy in 1984. Just four years later, Smith formed First National Financial with his business partner Moray Tawse.
#30. Jack Cockwell
- Net worth: $2.6 billion (#1,122 richest in the world)
- Age: 81
- Source of wealth: Real estate, private equity
Jack Cockwell was born in South Africa, and at 27, he was hired to manage the inheritance of a few of the Bronfman brothers, who belong to a wealthy Canadian American family. In his role, Cockwell spearheaded numerous acquisitions on behalf of Edper Investments, the Bronfmans' company, and eventually built a real estate and financial services firm that would become . The company has a $250 billion portfolio, and Cockwell remains a director at Brookfield today.
#29. Garrett Camp
- Net worth: $2.6 billion (#1,118 richest in the world)
- Age: 44
- Source of wealth: Uber
Garrett Camp is the co-founder of successful tech ventures Uber Technologies Inc. and StumbleUpon and of both companies. Camp has also launched several other startup companies, including , which he started in 2013 as a global network of entrepreneurs that supports new business ventures. Camp also started , which began as a cryptocurrency project but now handles personal finance and investments.
#28. N. Murray Edwards
- Net worth: $2.7 billion (#1,056 richest in the world)
- Age: 62
- Source of wealth: Oil & gas
At 28, N. Murray Edwards started a merchant bank with some of his colleagues, each contributing $100,000 toward the project. They looked for investments in oil and gas, and eventually, Edwards became a successful entrepreneur with investments beyond oil and gas, including mining, aerospace, and ski resorts. He also became a co-owner of the National Hockey League's Calgary Flames. Today, his businesses .
#27. Peter Gilgan
- Net worth: $2.7 billion (#1,054 richest in the world)
- Age: 71
- Source of wealth: Homebuilding
Peter Gilgan is the president and CEO of Mattamy Homes, a Canadian company that is the largest privately held home builder in North America. Mattamy Homes has 1,700 employees, whom Gilgan says he makes an effort to connect with regularly. Gilgan has to charitable causes, including the largest-ever gift of $40 million to SickKids, a Canadian pediatric hospital.
#26. Mitchell Goldhar
- Net worth: $2.8 billion (#1,040 richest in the world)
- Age: 61
- Source of wealth: Real estate
Mitchell Goldhar has been involved in residential and commercial real estate development for 30 years and in 1994. Since then, he has overseen the development of 265 Canadian shopping centers, including 175 Walmart stores. Goldhar is currently the executive chairman of the board of SmartCentres, a real estate investment trust; owner of the Penguin Group of companies; and sits on the advisory board of the Canadian Sports Concussion Project.
#25. Lawrence Stroll
- Net worth: $2.8 billion (#1,011 richest in the world)
- Age: 63
- Source of wealth: Fashion investments
Lawrence Stroll was introduced to the world of fashion investments at a young age when his father, Leo Strulovitch, ushered the Polo Ralph Lauren and Pierre Cardin brands to Canada. When Stroll was older, he helped expand the Ralph Lauren brand into Europe. Stroll has also invested in Tommy Hilfiger and bought a majority stake in Michael Kors in 2009. In January 2020, Stroll and joined the company's board as executive chairman. Though he resides in Switzerland, Stroll also has homes in Quebec and London and on the Caribbean island of Mustique.
#24. Jacques D'Amours
- Net worth: $2.9 billion (#1,003 richest in the world)
- Age: 65
- Source of wealth: Convenience stores
Jacques D'Amours co-founded , which operates Canadian convenience stores. He started the company in 1980 and held various jobs throughout his 34-year career—manager of technical services, vice president of sales, vice president of administration and operations—before retiring in 2014. As of 2019, Couche-Tard operated 12,575 stores worldwide.
#23. Pan Dong
- Net worth: $2.9 billion (#993 richest in the world)
- Age: 57
- Source of wealth: Consumer goods
Pan Dong, along with her husband, Luo Qiuping, started Blue Moon Group, that mostly sold liquid hand soap early on in its history. However, when Pan and Luo developed a liquid laundry detergent—which stood out in the market because most multinational companies sold only powdered detergent in China—they got in touch with Zhang Lei, an important Chinese investor. He believed in their mission to sell liquid laundry detergent, invested in their company, and now, Blue Moon Group is to China what Procter & Gamble is to the U.S. Blue Moon Group designs, makes, and sells various products, including detergents, cleaning products, and personal hygiene products. Her are unclear.
#22. Bob Gaglardi
- Net worth: $3.1 billion (#914 richest in the world)
- Age: 81
- Source of wealth: Hotels
Bob Gaglardi launched Northland Properties in 1963 with a $5,000 loan and opened the Sandman Inn hotel in British Columbia in 1967. Following the success of that hotel, Gaglardi opened other Sandman Inns throughout Canada and began expanding into the real estate and restaurant businesses as well. In 2011, Gaglardi and his son purchased the Dallas Stars hockey team for $240 million.
#21. Jean Coutu & family
- Net worth: $3.2 billion (#890 richest in the world)
- Age: 95
- Source of wealth: Drugstores
In 1969, the first Coutu drugstore, where he offered customers extended hours, high-quality customer service, and low prices. In 2017, Coutu sold the company to Metro, a European supermarket giant, for $4.5 billion. Before selling his company, Coutu was its chief executive between 1969 and 2002 and again between 2005 and 2007.
#20. Barry Zekelman
- Net worth: $3.3 billion (#841 richest in the world)
- Age: 55
- Source of wealth: Steel
Like his brothers Clayton and Alan Zekelman, Barry Zekelman came into wealth because of Zekelman Industries, their family steel business. Barry with his brothers, Alan and Clayton Zekelman. Currently, Barry of the company.
#19. Leonid Boguslavsky
- Net worth: $3.5 billion (#806 richest in the world)
- Age: 71
- Source of wealth: Venture capital
is the chairman and CEO of RTP Global, formerly known as ru-Net Ltd., which , media, automation, and information technology. RTP Global has invested , five of which have become multibillion-dollar public companies: Datadog, Delivery Hero, EPAM, RingCentral, and Yandex.
#18. Tobi Lutke
- Net worth: $3.5 billion (#799 richest in the world)
- Age: 42
- Source of wealth: E-commerce
Tobias "Tobi" Lutke online after settling down with his wife in the Canadian city of Ottawa. Brilliant at coding, he created e-commerce software to sell them himself. Realizing this was a great product, he decided in 2006 to start selling the software itself, branded Shopify. Since the company's founding, more than half a million online merchants have used it.
#17. James Irving
- Net worth: $3.9 billion (#712 richest in the world)
- Age: 94
- Source of wealth: Diversified
James Irving is the owner of J.D. Irving Ltd., a sprawling business with more than two dozen companies involved in retail, transportation, and frozen foods, among many others. His family's wealth preceded him by two generations: His father grew the family's assets even more by expanding into oil operations with Irving Oil Ltd. That company is run by his brother Arthur Irving, but the two reportedly don't speak. Irving's timber and forestry operation has planted more than a billion trees since 1957, and the company holds the in an hour: 53,000.
#16. Carlo Fidani
- Net worth: $3.9 billion (#706 richest in the world)
- Age: 67
- Source of wealth: Real estate
Carlo Fidani has run the Toronto-based real estate company Orlando Corp. since 2000, when his father died. Fidani's grandfather founded it in 1948 as Fidani and Sons. Today, Orlando Corp. manages . Fidani supports health services and regularly donates to the Carlo Fidani Peel Regional Cancer Centre in Mississauga, Ontario.
#14. Alex Shevchenko
- Net worth: $4.0 billion (#683 richest in the world)
- Age: 42
- Source of wealth: Software
Alex Shevchenko is who co-founded the grammar-checking tool Grammarly and fellow Ukrainian entrepreneurs Dmytro Lider and Max Lytvyn. Shevchenko, who lives in Canada, is also the company's product leader. The company claims that it has 30 million users a day.
#14. Max Lytvyn
- Net worth: $4.0 billion (#683 richest in the world)
- Age: 42
- Source of wealth: Software
Another co-founder of Grammarly, is also the company's head of revenue. The co-founders had before deciding to help students with spelling and grammar. The service is now used across 500,000 websites and applications.
#13. Daryl Katz
- Net worth: $4.2 billion (#642 richest in the world)
- Age: 61
- Source of wealth: Pharmacies
Daryl Katz, whose father owned a drugstore, began building his own wealth in the pharmaceutical industry when he bought the Canadian rights to the American drugstore Medicine Shoppe in 1991. Later, he bought out the Canadian chain Rexall, bringing those stores to the U.S. market before deciding to abandon the drugstore business entirely and focus on real estate. His company, Katz Group, is currently in his hometown of Edmonton, where Katz also owns the Oilers, the city's National Hockey League team.
#12. Bruce Flatt
- Net worth: $4.5 billion (#597 richest in the world)
- Age: 57
- Source of wealth: Money management
In 2002, Bruce Flatt was named CEO of Brookfield Asset Management Inc. at age 37 and helped the company to transform into one of Canada's largest property and infrastructure managers. Over the past two decades, . Despite his success, he's remained grounded, reportedly not having his own office and regularly eating lunch with new company hires.
#11. Emanuele (Lino) Saputo & family
- Net worth: $4.9 billion (#536 richest in the world)
- Age: 85
- Source of wealth: Cheese
Emanuele (Lino) Saputo from Saputo Inc., a cheese-making business. According to its origin story, the firm was founded in the early 1950s by an Italian immigrant family, the Saputos. Since then, Saputo Inc. has grown into one of the world's largest dairy processors, selling milk, cheese, and other dairy products in more than 60 countries. Saputo's annual revenue was greater than $14 billion as of September 2021.
#10. Arthur Irving
- Net worth: $4.9 billion (#532 richest in the world)
- Age: 92
- Source of wealth: Oil
Arthur Irving joined his family's company of Irving Oil Ltd. in 1951 and in 1972. Although he remains the chairman of Irving Oil, he also has a strong interest in education and the environment. From 1996 to 2010, Irving served as the chancellor of Acadia University, and in 2002, he started the K.C. Irving Environmental Science Centre and the Harriet Irving Botanical Gardens on the university's campus in collaboration with his brothers.
#9. Mark Scheinberg
- Net worth: $5.3 billion (#466 richest in the world)
- Age: 48
- Source of wealth: Online gambling
Mark Scheinberg was born in Israel but moved to a suburb of Toronto when he was a teenager. At 28, Scheinberg co-founded PokerStars with his father, Isai, in 2001. The company was the biggest online poker company when the Scheinbergs eventually sold it in 2014. Scheinberg from the sale and used some of that money to restore historic buildings in Madrid for residential and commercial purposes.
#8. Chip Wilson
- Net worth: $5.8 billion (#430 richest in the world)
- Age: 65
- Source of wealth: Lululemon
Chip Wilson is the founder of companies Westbeach Snowboard and Lululemon Athletica. He has been considered one of the , which he was inspired to get into after he attended his first yoga class at 42. Although he stepped down from the board of Lululemon in 2015, he remains the company's fourth-largest shareholder. Lululemon has 140 stores outside the United States.
#7. Alain Bouchard
- Net worth: $5.9 billion (#423 richest in the world)
- Age: 73
- Source of wealth: Convenience stores
Alain Bouchard was born in 1949, one of six children, and despite family hardships in his youth, he went on to be part of the executive team that founded Alimentation Couche-Tard Inc. in 1980. He eventually served as its president and CEO until 2014. While at the helm of Couche-Tard, it became Canada's leading convenience store chain and the largest independent convenience store operator in the United States. In 2012, Bouchard was named . He and his wife have a child with an intellectual disability, which led them to fund related research at McGill University.
#6. Joseph Tsai
- Net worth: $8.0 billion (#247 richest in the world)
- Age: 58
- Source of wealth: E-commerce
Joseph Tsai is a co-founder of Alibaba Group Holding Ltd., a Chinese-based internet company, and has spent more than 20 years with the business, serving as CFO and executive vice chairman of the company's board. Tsai ; the New York Liberty, a Women's National Basketball Association team; and the San Diego Seals, a professional indoor lacrosse team. He also is the chairman of J Tsai Sports, which has invested in several sports media and technology companies.
#5. David Cheriton
- Net worth: $9.5 billion (#193 richest in the world)
- Age: 71
- Source of wealth: Google
David Cheriton was among , where he mentored Larry Page and Sergey Brin, and is the founder and CEO of Apstra, a company that automates the design and operations of data centers. Cheriton also invested in VMWare Inc. and Arista Networks and founded Granite Systems (acquired by Cisco Systems in 1996) and Kealia Inc. (acquired by Sun Microsystems Inc. in 2004). Cheriton is a professor emeritus of computer science and electrical engineering at Stanford University.
#4. Anthony von Mandl
- Net worth: $9.5 billion (#191 richest in the world)
- Age: 72
- Source of wealth: Alcoholic beverages
You may not know Anthony von Mandl, but you're likely familiar with two of his successful alcoholic beverages—Mike's Hard Lemonade and White Claw.
Although von Mandl has been known among the elite for his well-established Canadian wineries, he made his money from Mike's Hard Lemonade, which launched in Canada in 1996. His company, Mark Anthony Group, sold the Canadian rights to the beverage for $350 million in 2015, but it still has the right to sell the drinks in the United States, where the market is much bigger. The success of White Claw turned Mark Anthony Group into the in 2019.
#3. Jim Pattison
- Net worth: $11.2 billion (#158 richest in the world)
- Age: 94
- Source of wealth: Diversified
Jim Pattison is the founder of the Jim Pattison Group, which is a large business conglomerate that has interests in a variety of sectors, including grocery store chains and the automotive industry. The business is the , with 45,000 employees and $10 billion in revenue in 2017. Pattison operates the Jim Pattison Children's Hospital Foundation and, in 2018, donated more than $100 million to hospitals in Â鶹´«Ã½Ó³»and in his birthplace of Saskatoon, Saskatchewan.
#2. Changpeng Zhao
- Net worth: $17.4 billion (#90 richest in the world)
- Age: 45
- Source of wealth: Cryptocurrency exchange
Changpeng Zhao, who goes by "CZ," spent his teen and young adult years in Canada and is a Canadian citizen. In 2017, he founded Binance, which became in the world. He is a major shareholder and the company's CEO. The exchange's high daily trading volume is a big earner, and Zhao also holds a fortune's worth of cryptocurrency.
#1. David Thomson & family
- Net worth: $52.9 billion (#23 richest in the world)
- Age: 65
- Source of wealth: Media
The wealth of , and that of his family, goes back to the financial success of his grandfather, Roy Thomson. In the 1930s, Roy bought radio and press holdings in North America, after which he expanded into Britain. By the middle of the 1960s, his organization, the Thomson Organisation, was international, and its interests spanned television, printing, and publishing. Though the company has shifted its focus to other businesses, its investments have ensured the Thomsons remain Canada's richest family.
