Do you want to know who the richest and wealthiest men in Canada are? Wonder no more!
Here is a list of the top 10 richest and wealthiest men in Canada, complete with their net worth. We will take a look at some of the most successful businessmen in our great businessmen and a little bit of insight into their profile.
So if you’re interested in learning more about these wealthy Canadians, keep reading!
David Thomson and Family
World Richest Rank: 32 | Net Worth: $41.8 Billion
Baron Kenneth Thomson of Fleet is a Canadian media tycoon, investor, and philanthropist who runs the media conglomerate Thomson Reuters.
David was born on June 12, 1957. He was born to a wealthy family in Ontario. From an early age he was groomed for success by his father and he eventually inherited the chairmanship of Thompson corporation after his father passed on in 2006. He was also conferred on his father’s British title Baron Thomson of Fleet.
The David Thomson family’s net worth is currently $41.8 billion USD, according to Forbes’ 2021 list of the world’s billionaires. He is Canada’s richest person, with a fortune estimated at $42.2 billion as of 2021.
Joseph Tsai
Net Worth: $11.6 Billion | World Richest Rank: 191
Joseph Tsai is the son of a Taiwanese father and a Chinese mother. He has been an executive at the Chinese multinational tech company Alibaba Group for over twenty years, co-founded by Jack Ma. He is a naturalized citizen of Canada and the second richest person in the country.
Joseph Tsai was born in Taipei, Taiwan. He attended high school at Vancouver College. He completed his bachelor’s degree in architecture from Princeton University and MBA from Harvard Business School.
On June 15, 1988, Joseph Tsai along with seven other students including Jack Ma co-founded Alibaba Group as a small company out of Hangzhou, China. He co-founded the company with Jack Ma and 17 others.
In October 2017, he was named Vice Chairman of Alibaba Group. Joseph Tsai also served as a Senior Vice President from 2002 to 2012 and Executive Vice President from 2012 to 2017.
Tobias Lütke
Net Worth: $9.8 billion | World Richest Rank: 233
Tobi Lutke is the founder of Shopify, an eCommerce platform.
Born in Germany, Lütke moved to Ottawa, Canada at the age of 16. He first started working on Shopify in 2004 as a freelance developer, and officially founded the company in 2006. Under his leadership, Shopify has become one of the largest e-commerce platforms in the world.
He started his company in 2004 and has since grown it to become one of the largest companies in Canada. Tobi was born in Germany but grew up in Montreal; he attended McGill University where he earned a degree in Engineering Science before working at IBM.
Shopify provides over 600,000 businesses with everything they need to create online stores, including web hosting, themes for sale, credit card processing integration services, and more.
The company also offers education opportunities for entrepreneurs through its Build A Business competition which sees entrepreneurs compete against each other by building their own business from scratch.
Lütke is also an active proponent of entrepreneurship and technology education and has been recognized with numerous awards for his achievements including the CVCA Young’s Entrepreneur of the Year award in 2016.
Jim Pattison
Net Worth: $9.6 Billion | World Richest rank: 241
Jim Pattison often referred to as Canada’s Warren Buffet is the CEO of The Jim Pattison Group, which is a privately held company and one of the largest in Canada, precisely, the second-largest privately held company in Canada.
During the Great Depression, in 1928, Pattison was born in Saskatoon and moved to Vancouver with his family.
He’s also ranked as one of the world’s richest people with an estimated net worth of $9.6 billion (as of March 2021 according to Forbes).
The Jim Pattison Group owns over 60 companies in over 95 countries, employing over 50,000 staff, across 11 different business segments including food packaging, groceries, advertising, and agriculture to name a few.
Jim has been honored for his philanthropic work such as giving away his entire fortune to charity when he dies.
David Cheriton
Net Worth: $8.8 Billon | World Richest Rank: 265
Professor David Cheriton, a Stanford University emeritus professor who made his fortune thanks to an early investment in Google has teamed up with another tech guru and multimillionaire -Andreas von Bechtolsheim-to creates three companies that could be worth billions of dollars.
Arista Networks went public on 2014 while Granite Systems was sold off years ago; however, Kealia still thrives today under the new ownership of Sun Microsystems in 2004.
Cheriton’s work at Juniper Networks is focused on providing employees with the tools they need to succeed while staying true to his core values of transparency and honesty.
Chertion is also very active on the Stanford campus where he teaches computer science courses nearly every quarter, mentors young entrepreneurs, and works with faculty members to bring research ideas into the real world.
The Arista Networks founder has a no-frills style at the office, where he sits in an open space surrounded by employees that work on keeping the work atmosphere free of unnecessary distractions.
The Google co-founder was not very fond of the idea when he first learned about it due to his belief that university should be created as a place for research and learning without commercial interference.
Cheriton, who is a penny pincher in his personal life, is the third of six children born to two Canadian engineers. He still lives in the Palo Alto house he’s owned for 30 years and cuts his own hair.
6. Huang Chulong
Net Worth: $6.8 Billion | World richest rank: 374
Huang Chulong is one of the richest men in Canada and China. A serial hospitality industry investor with investment in over 20 Five-star hotels and malls. He has an estimated net worth of $6.8 billion, which makes him the 374th richest person in the world.
Huang chairs the board of directors for Galaxy Group, an international business based out of Shenzhen. His ventures include hotels and shopping malls as well office leasing opportunities to name just a few!
He started his career as a waiter at one of his father’s hotels and has since become a serial hospitality industry investor with investments in over 20 Five-star hotels and malls throughout China.
Mr. Huang also provides consulting services to various Chinese enterprises, including some Fortune 500 companies like ExxonMobil, General Electric, DuPont and IBM.
7. (Lino) Saputo and Family
Net Worth: $5.7 Billion | World Richest rank: 474
Born in 1937, Lino Saputo and his family have been in the cheese manufacturing business for over 50 years. Lino is the founder of Cheese Manufacturer, Saputo inc. which was established by him in 1961.
The company has grown to be one of Canada’s largest food processors with a net worth of $5.7 Billion and annual revenue exceeding $4 billion dollars.
In addition to being a successful businessman, he is also well-known for his philanthropy work with children through various organizations such as the Montreal Children’s Hospital Foundation where he donated $10 million towards its expansion project and Operation Smile that provides free surgeries for children born with facial deformities or abnormalities across the world.
Lino has also served as an Advisor to Canada’s Ecofiscal Commission that studies market-based public policy solutions.
With a net worth of $5.7 billion, Lino Saputo is currently ranked 474 on Forbes’ list of world billionaires.
8. Chip Wilson
Net Worth: $4.9 Billion | World Richest Rank: 568
Chip is the Founder of Lululemon. He has a net worth of $4.9 Billion and is ranked 568th in the world’s richest people list by Forbes Magazine. The company, which he founded in 1998, now has more than 1450 stores worldwide and over 30000 employees.
When he first started Lululemon, the business was a single store in Vancouver. It began growing rapidly and by 2007 they were taking off as an international brand with plans for expansion into different markets around North America including New York City where there are many yoga enthusiasts!
In 2013 Wilson stepped down from his role of Chairman but still owns 8% stock which gives him significant say over how things go at this company – even though he is no longer as actively involved with it.
Wilson has accumulated a net worth of USD 2.9 billion from his business ventures and is one of the world’s most successful businessmen with interests in apparel, real estate & private equity investments
Wilson started Westbeach Snowboard which he created to sell surf/skate brands such as Salomon Products and Arc’teryx Co – these were eventually acquired by Amer Sports Corporation; Wilson also oversees Anta sports manufacturer based in Beijing China.
9. Mark Scheinberg
Net worth: $4.9 Billion | World Richest rank: 574
PokerStars founder and former CEO Mark Scheinberg have made an incredible fortune from the world’s biggest online poker company.
In 2001, he launched one of his most successful projects – Pokerstars which now boasts over 12 million users globally! With co-founded by father Isai in 1993 as “Rational Group,” they’ve grown into one major brand under its parent firm ‘Mohari.’
In 2013 after selling 75% ownership for $2 billion dollars plus other assets, the young entrepreneur pocketed more than 3 billion thanks largely due to the booming gambling industry where the average consumer’s age is 36 years old and over 1.5 billion players around the world resulting in $91 billion+ in gross gaming wagers.
The same year, Scheinberg moved to Isle of Man where no gambling taxes are imposed and Poker Stars holds its headquarters. However, this move caused a backlash from other poker companies who were upset about the advantage to Poker Stars.
In 2014, Scheinberg got into a messy divorce with wife Danielle that included assets worth $1 billion involving multiple homes and yachts to be split up. Mark is currently single and focusing on his hobbies.
Scheinberg is a real estate investor that has been involved in some of the most luxurious resorts and hotels across three continents.
His first investment as an entrepreneur came when he purchased his own hotel at age 20, but this was only just scratching the surface for what would become one of many fascinating investments around Europe’s tourism industry over time!
10. Anthony Von Mandl
Net Worth: $4.4 Billion | World richest rank: 635
Anthony von Mandl is a Canadian entrepreneur who created Mike’s Hard Lemonade and White Claw through his company Mark Anthony Brands in America.
He started off as an importer in the wine industry, but now owns five wineries across Canada including Mission Hill Winery located near British Columbia’sOkanagan Valley where he produces award-winning Chardonnay grapes specifically bred for this region’s terroir.
His U.S.-based business delivered over $4 billion dollars worth of revenue by 2020, making it one of the world’s top five alcoholic beverage distributors according to Forbes magazine.
These days you can find many different types of alcohol imported by him such us white Claw Hard Seltzer and Mike
He has a net worth of $7.6 billion, making him the 274th richest person in the world in 2022 according to Forbes.
Conclusion
In our opinion, the richest man in Canada is David Thomson. He’s been at the top of the Forbes list for a number of years and also holds shares in some major Canadian companies such as Rogers Communications Inc., Woodbridge Co Ltd., Transcontinental Inc., Hudson Bay Co. Ltd., National Bank of Canada, etc. We believe that he has done an incredible job building his fortune through shrewd investments and we wish him all the best with this new title!
