The Richest Families In Canada 2024

The Richest Families In Canada 2024
Image Credit: Anwar Abdi/ University Magazine

This year has seen the fortunes of the world’s billionaires soar despite global challenges like war and inflation. The total number of billionaires has risen to 2,781, up 141 from last year, with their combined wealth reaching a record $14.2 trillion.

The top 20 billionaires alone added $700 billion. The U.S. leads with a record 813 billionaires, while China follows with 473, despite its economic issues. India stands third with 200 billionaires. These figures are based on stock prices and exchange rates as of March 8, 2024. See Forbes’s full list and methodology for more details and daily updates on billionaire net worths.
 

The Richest Families In Canada 2024

 

15. Daryl Katz – $5 Billion

Daryl Katz
Daryl Katz | Image Credit: Canadian Press

Daryl Katz, owner of the Edmonton Oilers hockey team and founder of Katz Group, one of Canada’s largest privately owned enterprises, is estimated to be worth $5 billion. His wealth comes from a diverse portfolio of pharmacies, sports, real estate, and entertainment.

Katz’s business acumen has turned his company into a major player in the Canadian market, and his investments have significantly impacted the country’s economic landscape. Known for his philanthropy, Katz has also contributed to various charitable causes, particularly in health care and education.

 

14. Garrett Camp – $5.1 billion

Garrett Camp
Garrett Camp | Image Credit: Calgary Alumni

Garrett Camp, with a net worth of $5.1 billion, is one of the richest individuals in Canada. As a co-founder of Uber, his fortune grew rapidly as the company became a global transportation giant. Camp, originally from Calgary, Alberta, is also the founder of the startup studio Expa, which helps develop new companies. His innovative contributions to technology and strategic investments have solidified his place among Canada’s wealthiest, showcasing his influence and success in the tech industry.

 

13. Peter Gilgan – $5.5 Billion

Peter Gilgan
Peter Gilgan | Image Credit: Empire Club of Canada

Peter Gilgan ranks among Canada’s wealthiest individuals, with a net worth of $5.5 billion. He is the founder and CEO of Mattamy Homes, North America’s largest privately owned homebuilder. Gilgan’s business success stems from his innovative approach to residential construction, which has expanded Mattamy Homes across Canada and into the United States. Beyond his business acumen, Gilgan is known for his philanthropy, having donated hundreds of millions to healthcare, education, and community initiatives. His wealth and generosity make him a prominent figure in Canadian society.

 

12. James Irving – $5.6 billion

James Irving
James Irving | Image Credit: Faces of Fredericton

James Irving, with a net worth of $5.6 billion, is one of the wealthiest individuals in Canada. He is part of the prominent Irving family, known for their vast business empire in the maritime provinces. The family’s holdings span industries such as forestry, oil, and shipbuilding, making them a significant economic force in the region. James Irving’s success is a testament to the family’s long-standing commitment to growth and diversification. Their influence extends beyond business, impacting local communities through various philanthropic efforts. The Irving family’s legacy continues to shape Canada’s economic landscape.

 

11. Mark Scheinberg – $5.6 billion

Mark Scheinberg
Mark Scheinberg | Image Credit: Blake Ezra

With a net worth of $5.6 billion, Mark Scheinberg is one of Canada’s wealthiest individuals. He co-founded PokerStars, which became the world’s largest online poker company. 2014 Scheinberg sold PokerStars’ parent company, The Rational Group, for $4.9 billion. Since then, he has diversified his investments into real estate and hospitality through Mohari Hospitality, owning luxury properties worldwide. Scheinberg’s business acumen and strategic investments have secured his place among Canada’s richest families in 2024.

 

10. Arthur Irving – $6.3 billion

Arthur Irving
Arthur Irving | Image Credit: Canadian Press

Arthur Irving, a prominent figure in Canada’s wealthiest circles, has amassed a fortune of $6.3 billion. As a member of the influential Irving family, he oversees the family’s vast empire, primarily centred around oil and gas, forestry, and other industrial ventures. The Irving Group, founded by his father, K.C. Irving, plays a significant role in Canada’s economy, especially in the Atlantic provinces. Arthur’s business acumen and dedication to expanding the family’s legacy have solidified his place among Canada’s richest individuals in 2024.

 

9. Chip Wilson – $6.8 billion

Chip Wilson
Chip Wilson | submitted | Lululemon

Chip Wilson, with a net worth of $6.8 billion, ranks as one of the richest individuals in Canada. He is best known as the founder of Lululemon Athletica, the popular athletic apparel company. Wilson’s fortune grew significantly through his innovative activewear approach, combining fashion and function. His leadership helped Lululemon become a global brand known for its high-quality products. Beyond his involvement with Lululemon, Wilson has made strategic investments in various sectors, further increasing his wealth. His entrepreneurial spirit and business acumen have solidified his position among Canada’s wealthiest families.

 

8.Tobi Lutke – $6.9 billion

Tobi Lutke
Tobi Lutke | image Credit: Crypto Times

Tobi Lütke, the co-founder and CEO of Shopify, is one of Canada’s wealthiest individuals. His company, a leading e-commerce platform, has seen tremendous growth, especially during the pandemic, as more businesses moved online. Lütke’s innovative vision and leadership have significantly contributed to Shopify’s success, making him a billionaire. With a net worth of $6.9 billion, Lütke is a key player in the tech industry and a prominent figure in Canada’s business landscape. His achievements reflect the potential of entrepreneurial spirit and technological advancement.

 

7. Anthony Von Mandl – $7.7 billion

Anthony von Mandl
Anthony von Mandl | Image Credit: James O’Mara

Anthony von Mandl, a prominent figure in Canada’s beverage industry, has amassed a fortune of $7.7 billion. He is best known for founding the Mark Anthony Group, which produces popular drinks like Mike’s Hard Lemonade and White Claw Hard Seltzer. Von Mandl’s success stems from his innovative approach to the beverage market and his commitment to quality. His wealth is a testament to his business acumen and vision of creating products that resonate with consumers. He remains a key player in the industry, continuously expanding his empire.

 

6. Alain Bouchard – $8 billion

lesaffaires
lesaffaires | Image Credit: Les Affaires

Alain Bouchard, with a net worth of $8 billion, is one of Canada’s wealthiest individuals. Bouchard is the co-founder and executive chairman of Alimentation Couche-Tard, a global convenience store giant headquartered in Laval, Quebec. Under his leadership, Couche-Tard expanded significantly, acquiring numerous companies and growing its presence internationally. Bouchard’s business acumen and strategic vision have played a pivotal role in building his immense fortune. His success story is a testament to his entrepreneurial spirit and determination, making him a prominent figure among Canada’s richest families.

 

5. Joseph Tsai – $8.5 billion

Joseph Tsai
Joseph Tsai | Image Credit: Bloomberg

Joseph Tsai, a prominent business figure, co-founded Alibaba Group, a leading global e-commerce giant. Born in Taiwan and educated at Yale, Tsai has significantly contributed to Alibaba’s growth, amassing a fortune of $8.5 billion. In addition to his business achievements, he is known for his investments in sports, owning the Brooklyn Nets of the NBA and other sports ventures. Tsai’s wealth and influence extend beyond business, impacting both the technological and sports worlds, making him one of the richest individuals in Canada.

 

4. Jim Pattison – $9.3 billion

Jim Pattison
Jim Pattison | Image Credit: Ben Nelms/Bloomberg

Jim Pattison, with a net worth of $9.3 billion, is one of Canada’s wealthiest individuals. He is the founder and CEO of the Jim Pattison Group, a conglomerate interested in diverse sectors, including media, packaging, food, and forestry. Starting with a single car dealership in 1961, Pattison expanded his business empire into one of Canada’s largest privately held companies. Jim Pattison is known for his sharp business acumen and philanthropic efforts and is influential in the Canadian business landscape.

 

3. David Cheriton – $12.6 billion

David Cheriton
David Cheriton | Image Credit: Fobers

Aka Professor Billionaire David Cheriton, a prominent figure in the tech world, has amassed a fortune of $12.6 billion. Cheriton, a professor at Stanford University, is known for his early investments in tech giants like Google. His sharp insights and strategic investments have significantly contributed to his wealth. Beyond his financial success, Cheriton is recognized for his contributions to computer science and education. His philanthropic efforts focus on advancing technology and supporting educational initiatives, making him not only one of the richest individuals in Canada but also a respected figure in academia and philanthropy.

 

2. Changpeng Zhao – $33 billion

Changpeng Zhao
Changpeng Zhao | Image Credit: Benoit Tessier | Reuters

Changpeng Zhao, also known as CZ, is one of the wealthiest individuals in Canada, with a net worth of $33 billion. He is the founder and CEO of Binance, the world’s largest cryptocurrency exchange by trading volume. Born in China and later moving to Canada, CZ’s innovative approach to the cryptocurrency market has significantly boosted his wealth. His success with Binance has made him one of Canada’s richest people and a significant figure in the global financial landscape.

 

1. David Thomson & family – $67.8 billion

David Thomson & family
David Thomson & family | University Magazine

The Thomson family, led by David Thomson, tops the list as the richest family in Canada, with a staggering net worth of $67.8 billion. Their wealth primarily comes from their media and publishing empire, including a controlling stake in Thomson Reuters, a global information and news company. The family’s fortune has been carefully managed and expanded over generations, making them prominent in Canada and globally. David Thomson continues to play a significant role in maintaining and growing their diverse business interests, ensuring the Thomson legacy endures.

 

The Richest Families In Canada 2024

RankNameNet Worth
1David Thomson & family$67.8 billion
2Changpeng Zhao$33 billion
3David Cheriton$12.6 billion
4Jim Pattison$9.3 billion
5Joseph Tsai$8.5 billion
6Alain Bouchard$8 billion
7Anthony von Mandl$7.7 billion
8Tobi Lutke$6.9 billion
9Chip Wilson$6.8 billion
10Arthur Irving$6.3 billion
11Mark Scheinberg$5.6 billion
12James Irving$5.6 billion
13Peter Gilgan$5.5 billion
14Garrett Camp$5.1 billion
15Daryl Katz$5 billion
16Carlo Fidani$4.8 billion
17Leonid Boguslavsky$4.7 billion
18Stephen Smith$4.4 billion
19Lino Saputo$4.3 billion
20Mark Leonard$4.3 billion
21Lawrence Stroll$3.9 billion
22Jacques D'Amours$3.9 billion
23Bob Gaglardi$3.8 billion
24Bruce Flatt3.7 billion
25Barry Zekelman$3.4 billion