Richest People in Canada 2024 Archives - Wise Canadian https://wisecanadian.ca/tag/richest-people-in-canada-2024/ Your Trusted Guide to Canada's Best Businesses Sun, 25 Aug 2024 23:16:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://i0.wp.com/wisecanadian.ca/wp-content/uploads/2023/10/Untitled-design-8.png?fit=32%2C19&ssl=1 Richest People in Canada 2024 Archives - Wise Canadian https://wisecanadian.ca/tag/richest-people-in-canada-2024/ 32 32 228024465 Top 10 Richest People in Canada: Meet the Wealthiest Canadians in 2024 https://wisecanadian.ca/top-10-richest-people-in-canada-meet-the-wealthiest-canadians/ https://wisecanadian.ca/top-10-richest-people-in-canada-meet-the-wealthiest-canadians/#respond Sun, 25 Aug 2024 23:16:20 +0000 https://wisecanadian.ca/?p=7650 Canada is a land of opportunity for the ambitious and entrepreneurial, offering a fertile environment where wealth can grow and flourish. The country’s top billionaires are a testament to this, having leveraged their vision and determination to build vast empires across various industries. This article takes an in-depth look at the ten wealthiest individuals in […]

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Canada is a land of opportunity for the ambitious and entrepreneurial, offering a fertile environment where wealth can grow and flourish. The country’s top billionaires are a testament to this, having leveraged their vision and determination to build vast empires across various industries.

This article takes an in-depth look at the ten wealthiest individuals in Canada, highlighting their journeys to the pinnacle of success. From the innovative minds behind major retail and fashion brands to the pioneers of technology and real estate, these billionaires have not only amassed significant fortunes but have also shaped the economic landscape of the nation.

Canada’s Wealth Ecosystem: Why the Rich Thrive Here

GDP over $2 trillion CAD

Canada is home to some of the wealthiest individuals in the world, thanks to its thriving economy, diverse industries, and favorable conditions for business growth. With a GDP of over $2 trillion CAD, the country provides a fertile ground for innovation, investment, and entrepreneurship.

The country’s political stability, favorable tax policies, and strong legal framework attract both domestic and international investors, making it an ideal environment for the affluent to expand their assets. Moreover, Canada’s education system and access to global markets empower entrepreneurs and business leaders to innovate and scale their ventures on a global stage.

The wealthiest Canadians, including those in real estate, tech, and energy, have successfully leveraged these advantages, ensuring their continuous growth in both national and international arenas. 

1. Sherry Brydson

Headshot of Sherry Brydson

$17.38 billion CAD

Net Worth

About Sherry:

Age: 72

Source of Wealth: Stake in Woodbridge, the investment firm of the Thomson family

Professional Role: Investor and Entrepreneur

Educational Background: University of Toronto

Current Residence: Toronto, Ontario

Place of Origin: Toronto, Ontario, Canada

Personal Interests & Hobbies: Environmental conservation, arts patronage, and philanthropy

Sherry's Wealth Journey:

Sherry Brydson is Canada’s wealthiest woman, holding a significant stake in Woodbridge, the Thomson family’s investment firm that controls Thomson Reuters. She also has investments in aviation, media, and hospitality. Despite her wealth, she remains low-profile and is known for her philanthropic work, particularly in environmental conservation and the arts.

Follow Sherry on Social Media

2. Jim Pattison

photo of Jim Pattison

$15.37 billion CAD

Net Worth

About Jim:

Age: 95

Educational Background: University of British Columbia (did not complete)

Current Residence: Vancouver, British Columbia

Place of Origin: Saskatoon, Saskatchewan, Canada

Marital Status & Partner: Married to Mary Hudson

Personal Interests & Hobbies: Vintage car collection, fishing, and philanthropy.

Jim's Wealth Journey:

Jim Pattison is the founder of the Jim Pattison Group, one of Canada’s largest and most diversified conglomerates, with interests in media, packaging, and food industries. Starting from a single car dealership in Vancouver, Pattison expanded his empire into a multi-billion-dollar enterprise. He is also known for his philanthropic efforts, particularly in healthcare and education.

Source of Wealth: Founder of the Jim Pattison Group

Professional Role: Businessman, Investor, and Philanthropist

3. Anthony von Mandl​

photo of Anthony von Mandl

$11.34 billion CAD

Net Worth

About Anthony:

Age: 74

Professional Role: Founder of Mark Anthony Group

Educational Background: Not publicly disclosed

Current Residence: Vancouver, British Columbia

Place of Origin: Vancouver, British Columbia, Canada

Marital Status & Partner: Married to Wendy von Mandl

Personal Interests & Hobbies: Winemaking, sustainability, and environmental conservation.

Anthony's Wealth Journey:

Anthony von Mandl is the visionary behind the Mark Anthony Group, which includes iconic brands like Mike’s Hard Lemonade and White Claw. He also owns several wineries in Canada, contributing to his reputation as a leader in the beverage and wine industries. Von Mandl is committed to sustainable practices and environmental stewardship.

Source of Wealth: Alcoholic beverages (Mike’s Hard Lemonade, White Claw)

Follow Anthony on Social Media

4. David Thomson

Image of david thomson

$10.78 billion CAD

Net Worth

About David:

Age: 66

Professional Role: Chairman of Thomson Reuters

Educational Background: Master of Arts, University of Cambridge

Current Residence: Toronto, Ontario

Place of Origin: Toronto, Ontario, Canada

Marital Status & Partner: Divorced; previously married to Mary Lou La Prairie

Personal Interests & Hobbies: Art collecting, supporting education, and sports.

David's Wealth Journey:

As the chairman of Thomson Reuters, David Thomson plays a pivotal role in one of the world’s leading media companies. His leadership continues the family legacy, which includes substantial stakes in media, sports, and the arts. Thomson is also a well-known art collector and philanthropist.

Source of Wealth: Inherited wealth and business interests in Thomson Reuters

Follow David Thomson on Social Media

5. Taylor Thomson

image of Taylor Thomson

$10.78 billion CAD

Net Worth

About Taylor:

Age: 65

Educational Background: Not publicly disclosed

Current Residence: Toronto, Ontario

Place of Origin: Toronto, Ontario, Canada

Personal Interests & Hobbies: Real estate, philanthropy, supporting the arts.

Taylor's Wealth Journey:

Taylor Thomson, a member of Canada’s wealthiest family, has accumulated her fortune through her stake in Woodbridge, the Thomson family’s investment firm. She also has substantial real estate holdings in California. Despite her wealth, she maintains a low profile and is known for her involvement in the arts and her support of various cultural institutions.

Source of Wealth: Stake in Thomson family’s Woodbridge company

Professional Role: Investor

6. Peter Thomson

Headshot of Peter thomson

$10.78 billion CAD

Net Worth

About Peter:

Age: 58

Educational Background: University of Western Ontario

Current Residence: Toronto, Ontario

Place of Origin: Toronto, Ontario, Canada

Personal Interests & Hobbies: Strategic investments, philanthropy, and environmental conservation.

Peter's Wealth Journey:

Peter Thomson, another key figure in the Thomson family, has played a significant role in managing the family’s business interests through Woodbridge, the firm managing Thomson Reuters. His leadership and strategic vision have helped maintain the family’s dominance in media and finance.

Source of Wealth: Stake in Thomson family’s Woodbridge company

Professional Role: Investor

7. Alain Bouchard

$7.5 billion CAD

Net Worth

About Alain:

Age: 74

Educational Background: Royal Military College of Canada

Current Residence: Laval, Quebec

Place of Origin: Quebec City, Quebec, Canada

Marital Status & Partner: Married to Sandra Bouchard

Personal Interests & Hobbies: Philanthropy, particularly in healthcare and education, and supporting community development projects.

Alain's Wealth Journey:

Alain Bouchard is the founder of Alimentation Couche-Tard, one of the largest convenience store chains in the world, operating under brands like Couche-Tard and Circle K. His success is a result of strategic acquisitions and a keen understanding of the convenience retail market. Bouchard is known for his humble beginnings and his commitment to maintaining a strong company culture that values employees.

Source of Wealth: Convenience stores (Couche-Tard, Circle K)

Professional Role: Founder of Alimentation Couche-Tard

8. Chip Wilson

Image of Chip Wilson

$7.05 billion CAD

Net Worth

About Chip:

Age: 67

Professional Role: Founder of Lululemon Athletica

Educational Background: University of Calgary

Current Residence: Vancouver, British Columbia

Place of Origin: Vancouver, British Columbia, Canada

Marital Status & Partner: Married to Shannon Wilson

Personal Interests & Hobbies: Yoga, philanthropy, and community development.

Chip's Wealth Journey:

Chip Wilson revolutionized the athletic wear industry by founding Lululemon Athletica. His vision for fashionable and functional athletic wear helped Lululemon become a global brand. Wilson continues to be involved in various philanthropic efforts, particularly in health and wellness.

Source of Wealth: Athleisure fashion industry

Follow Chip on Social Media

9. Lawrence Stroll

Image of Lawrence Stroll

$3.9 billion CAD

Net Worth

About Lawrence:

Age: 64

Source of Wealth: Fashion (Tommy Hilfiger, Michael Kors), Motorsports (Aston Martin F1 Team)

Professional Role: Fashion and Motorsports Investor

Educational Background: Not publicly disclosed

Current Residence: Montreal, Quebec

Place of Origin: Montreal, Quebec, Canada

Marital Status & Partner: Married to Raquel Stroll

Personal Interests & Hobbies: Collecting rare cars, motorsports, and fashion.

Lawrence's Wealth Journey:

Lawrence Stroll made his fortune by investing in and developing global fashion brands like Tommy Hilfiger and Michael Kors. In recent years, he has become a prominent figure in the world of motorsports, acquiring a significant stake in the Aston Martin Formula 1 team. His passion for cars and racing has driven his investments in the automotive industry, making him one of Canada’s wealthiest individuals. Stroll is also known for his extensive car collection, which includes some of the world’s rarest and most valuable automobiles.

10. Mitchell Goldhar

Picture of Mitchell Goldhar

$3 billion CAD

Net Worth

About Mitchell:

Age: 61

Source of Wealth: Founder and chairman of SmartCentres, owner of Maccabi Tel Aviv Football Club

Professional Role: Real Estate Developer and Sports Team Owner

Educational Background: University of Toronto

Current Residence: Toronto, Ontario

Place of Origin: Toronto, Ontario, Canada

Personal Interests & Hobbies: Soccer, real estate development, and philanthropy.

Mitchell's Wealth Journey:

Mitchell Goldhar is a prominent Canadian real estate developer, best known for founding SmartCentres, a real estate investment trust (REIT) that operates over 150 shopping centers across Canada. Beyond real estate, Goldhar owns the Maccabi Tel Aviv Football Club, one of Israel’s most successful soccer teams. His business acumen and strategic vision have made him one of the wealthiest individuals in Canada. Goldhar is also deeply involved in philanthropy, particularly in education and healthcare initiatives.

Follow Mitchell on Social Media

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Cover Photo Credit: Ryan Stefan on Unsplash

 

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