[11] Three members of the Thomson family were listed as individuals, not as a family economic unit. James Irving: $6.3 billion. Elon Musk holds citizenship from Canada, South Africa, and the United States. Today, the entire Desmarais family (as primarily steered by Paul Desmarais Jr.) is one of the richest in Canada. The Albrecht family. The following list of Canadians by net worth includes the 25 wealthiest Canadian individuals and families as determined by Canadian Business. You may also like: Top 55 Richest Women in America 2019 Top 6 […] The results are published on the profile page of each individual billionaire. Taylor is a co-founder of North99. Why He's Rich: Tsai is the co-founder and … The richest place in Canada has an average household net worth of $4.5 million ... Canada's richest communities 2019. Richest People In Canada In 2020: Canadian Billionaires Alexandra Dimitropoulou Stats Gate October 8, 2020 With an estimated net worth of $39.5 billion, David Thomson, chairman of media and publishing group Thomson Reuters Corp., is the wealthiest person in Canada, that’s according to CEOWORLD magazine’s Canada Rich List Index For 2020. 343 – Emanuele (Lino) Saputo & family. Their new modelling approach provides a more reliable estimate of family wealth at the top tail of wealth distribution in Canada. Mark Scheinberg $4.5 B 10. Jim Pattison: $5.7 billion. [1], Statistics Canada uses the Survey Financial Security Public Use Microdata File (SFS PUMF) as their principal "family wealth microdata product". Richest People. The Forbes World’s Billionaires list is a snapshot of wealth using stock prices and exchange rates from March 18, 2020. [9]: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. [11], Every year, the Canadian Business magazine publishes a complete annual ranking 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. Emanuele (Lino) Saputo: $5.1 billion. 1. Forbes has compiled a list of the richest families in America. [10], Forbes magazine's annual listing of billionaires entitled The World's Billionaires is based on March 18, 2020 "stock prices and exchange rates" in US$. [4][7][note 1] The valuations provided by these publications may also differ from one another. [3] They collaborate with FactSet Research Systems, Orbis, PitchBook Data, Real Capital Analytics, Reonomy, S&P Capital IQ, and VesselsValue to collect data. 272 – Jim Pattison. Galen Weston: $9 billion. Canada's youngest billionaire to land a spot on Forbes annual billionaires list is 37-year-old CEO of the Wish e-commerce app Peter Szulczewski. Despite various challenges, he was able to grow the family’s wealth and reputation in Canada. One of the world's wealthiest individuals, Elon Musk, is a Canadian citizen;[5][6] although both Bloomberg's and Forbes listing of billionaires list Musk as an American. [11] On September 30, 2020, Joseph Tsai ranked 111th in the world with a net worth analysis of US$15 billion. Galen Weston $8.4 B 4. After a couple of American and French families, we move southwards towards Mexico for its richest family, the Slim Family. [12] Examples of previous years include 2017,[10] 2016,[13] 2015,[14] 2014, and 2013. Thomson … Some people become richer or poorer within days of publication. [1] In addition to the annual rankings published by Canadian Business, a number of Canadians are also featured in The World's Billionaires by Forbes, and the Bloomberg Billionaires Index. Mr Brin is the world's ninth-richest person with a personal fortune of $86.5bn (£63.2bn). Top 92 Richest People in California 2019. 413 – Garrett Camp. Canada should follow their lead. Emanuele (Lino) Saputo $5.1 B 8. [3] As of August 2020, 15 of the top 500 billionaires in the world were Canadian, according to the Bloomberg Billionaires Index published in August 2020. Huang Chulong: $5.6 billion. [16] Their 2019 list included 45 Canadians. According to the financial publication’s annual listing, 2019 saw the total wealth of the top 10 richest Canadians hit a new record high of $96.4 billion. Canada Should Nationalize Oil Companies, Not Bail Them Out. Here are the Billionaires of California who made the Forbes list for 2018 along with the source of their wealth. 209 – James Irving. Growth 2020 CEO Summit. Joseph Tsai $9.5 B 3. [15], The Thomson Family increased their wealth by 30% from over C$26 billion in 2013[15] to over C$30 billion in 2014,[15] reaching over C$39.13 billion by 2017. The PBO says that the discrepancy may be due to higher incidences of high net worth families not responding to the SFS. The biweekly publication, Canadian Business has published an annual ranking of the wealthiest Canadian individuals and families since 1998. According to the financial publication’s annual listing, 2019 saw the total wealth of the top 10 richest Canadians hit a new record high of $96.4 billion. To re-state, 100 families own more wealth than 6.14 million Canadian households combined. Elizabeth Keith. • Gauri Bhatia, Here's how India's wealthiest families are seeking to stay wealthy, CNBC, 18 October 2017 Source of wealth: Aldi. Jim Pattison $6B 6. According to Canadian Business, in November 2017 there were at least 100 Canadian billionaires when using the Canadian dollar to evaluate net worth. Irving Family ($7.38 Billion; vs $7.28 Billion in 2009) – Most of us have heard of Irving Oil, but … Updated January 02 2019 … Estimated Wealth: $41 billion Aldi is an international chain of … Alberta’s profound exposure to both deadly viruses and commodity price crashes is a result of capitalism and austerity. Joseph Tsai. The Coronavirus Is About To Expose Just How Broken Our Welfare State Really Is. But the family has also given a lot … Galen Weston: $9 billion. Published January 02 2019. 568 – Alain Bouchard Headed by Carlos Slim, the sixth richest man in the world today, this family is worth $ 77.1 billion to occupy the 6th position. The list of Canadian billionaires is topped by media mogul David Thomson and family, with an estimated net worth of US$32.5 billion, or $43.4 billion in Canadian dollars. These Are The Richest People In Canada And They've Already Earned More In 2019 Than Most People Make All Year Canada's highest paid CEOs will have made over $55,000 by lunchtime today. Together, the two lowest quintiles by net worth account for 6.14 million Canadian households which have a combined net worth of $238.5 billion — more than $23 billion less than the richest 100 families. In 2016, the 87 richest families in Canada had a total net worth of $259 billion. Check out Forbes’ ranking below. Google co-founder Sergey Brin is setting up a family office in Singapore to help manage his wealth. David Cheriton $5.8 B 7. Statistics Canada uses the Survey Financial Security Public Use Microdata File (SFS PUMF) as their principal "family wealth microdata product". Several billionaires from California make their place in the 400 richest American annual lists 2018. The richest family in the world just added another $25 billion to its fortune. [5] However, Forbes has contested the claims released by Bloomberg, with Forbes having noted that Musk only advanced from being the third-wealthiest to second-wealthiest individual according to their own valuations. The Nordics Show Us How To Protect Workers During COVID-19. Here are the Canadians on Forbes’ latest list of the world’s richest people and where they rank: 27 – David Thomson & family. Joseph Tsai: $10.2 billion. David Cheriton: $6.4 billion. Net worth: $41 billion. [3] In the 2019 edition of The World's Billionaires, the only Canadians listed in its top 100 was David Thomson and family; placing 27th in the listing with an estimated net worth of US$32.5 billion. So who made the “Three-Comma Club” in Canada this year? Unemployment Rate: 4.3% Poverty Rate: 10.5% Minnesotans live a pretty good life when you look… Statistics Canada Survey of Financial Security. 298 – David Cheriton. Join 15,000 other Canadians and sign up to get our weekly newsletter featuring exclusive insight and analysis covering Canadian politics and the big global issues shaping our world. [2] However, the 2019 edition of The World's Billionaires by Forbes listed only 45 Canadians that were billionaires when using the United States dollar to evaluate net worth. Median Income: $65,699. The combined worth of the family is roughly equal to 6% of the Mexican GNP. "[10] The most recent available list is updated to 2018. Joseph Tsai: $10.2 billion. The 2020 Growth Awards Winners. [16], Measuring the wealth of high-net-worth families in Canada. Huang Chulong: $5.6 billion. James Irving: $6.3 billion. Data on net worth of ordinary people is harder to come by, but the Statistics Canada Survey of Financial Security provides this information broken down by quintile. [6][8] In January 2021, Bloomberg announced that Musk had surpassed Jeff Bezos in its listing of billionaires, becoming the world's wealthiest individual. In July 2019, Israeli real estate developer Azrieli Group—controlled by the Montreal billionaire family of the same name—invested US$135 million, getting 19.5 per cent of the company and the option to grow that to 33 per cent by December 2020. Galen Weston – Net worth: $13.55 billion. We are all about to experience the consequences of an anemic welfare state that does the bare minimum and nothing more. But the much greater inequality in Canadian society is wealth inequality: the difference between how much is owned by the rich and poor. 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 $3 million". The Weston family made it big in the food industry … CEOWORLD Magazine has identified the richest people in Canada for its annual Canada Rich List Index, and the list includes 41 billionaires. Global Ranking: #147. [9]:1, Bloomberg L.P. maintains a daily ranking of the net worth analysis in US$ 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 KOCH FAMILY, US. Brothers Theo and Karl … [6], The following is a list of the 25 wealthiest Canadians individuals and families, according to Canadian Business in November 2017. [9]:3, In their June 2020 report, the PBO introduced their new "analytic resource" developed to "address the data gap." Worth: $9.5B. In 2019, Canada is richer than ever before. [9]: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. The richest family in Arkansas, the Waltons control around 50% of supermarket behemoth Walmart, America's largest business with annual revenues of $514.4 billion for the financial year 2019. The median net worth of Canadian families was $295,100 in 2016, a jump of nearly 15 per cent from four years ago and almost double the 1999 level, according to Statistics Canada. [9]:3 The report was one of 200, requested by the political parties in the months leading up to the 2019 federal election. James Irving $7 B 5. His most recent change in net worth showed an increase of US$671 million and by YTD an increase of US$2.91 billion. Office of the Parliamentary Budget Officer, "Canada's Richest People 2018: The Top 25 Richest Canadians", "Canada's Richest People 2018: The Complete Top 100 Ranking", "45 Canadians make Forbes billionaires list", "Elon Musk passes Jeff Bezos to become world's richest person on Bloomberg list", "Elon Musk named richest person in the world according to Bloomberg, Forbes disagrees", "No, Elon Musk Is Not The Second Richest Person In The World -- Here's Why", Estimating the top tail of the family wealth distribution in Canada, "Canada's Richest People: The Complete Top 100 Ranking (2017)", "Canada's Richest People: The Complete Top 100 Ranking (2018)", "Canada's Richest People: The Complete Top 100 Ranking (2016)", "Canada's Richest People: The Complete Top 100 Ranking (2015)", "Canada's Richest People: The Complete Top 100 Ranking (2014)", https://en.wikipedia.org/w/index.php?title=List_of_Canadians_by_net_worth&oldid=1001815872, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 21 January 2021, at 13:56. David Cheriton: $6.4 billion. Jim Pattison: $5.7 billion. Canada’s Richest People: The Complete Top 100 Ranking. The firm’s newest backer also has strong Canadian ties. ... Canada’s Best Communities. Nordic states are boosting already generous paid sick leave and employment insurance benefits during the coronavirus pandemic. David Thomson $32.5 B 2. The top 20 Canadian Billionaires 2019 David Thomson $32.5 BJoseph Tsai $9.5 BGalen Weston $8.4 BJames Irving $7 B Jim Pattison $6BDavid Cheriton $5.8 BEmanuele (Lino) Saputo $5.1 B (Italian-Canadian) MontrealGarrett Camp $4.6 BMark Scheinberg $4.5 BAlain Bouchard $3.7 BChip Wilson $3.6 BArthur Irving $3.3 BHuang Chulong $3.1 BDaryl Katz $3.1… Richest People in Canada. David Thomson: $39 billion. ... 2019 6:43AM EST … Chip Wilson: $4.6 billion. This is another empire in the world richest families, this family took … [9]: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%. 2019. Growth 2020 CEO Summit. 5. Canadian Business’ rankings of the 100 richest people and families in Canada shows that, together, this group has a combined net worth (assets minus debts) of $261.7 billion. David Thomson: $39 billion. It wouldn’t be the Growth 500 CEO Summit without recognizing the amazing business minds that populate our list, and continue to contribute in innovative ways to Canada’s economy. This enormous gap in wealth isn’t just unjust from a moral perspective, but also has harms our economy and society in significant ways: Wealth inequality — not just income inequality — is a growing problem in Canada, and if left unchecked will continue to erode economic growth, social mobility, and stability. 147 – Joseph Tsai. The top 20 Canadian Billionaires 2019. [10] However, the SFS PUMF only reported on the wealth of families with $27 million or less. 174 – Galen Weston & family. [9]:1,3, 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". There are, fortunately, policies that can effectively reduce wealth inequality such as a wealth tax, inheritance taxes, or social ownership funds — all of these must be considered if we are to tackle this growing challenge. Emanuele (Lino) Saputo: $5.1 billion. CEOWORLD Magazine has identified the richest people in Canada for its annual Canada Rich List Index, and the list includes 41 billionaires. Right now that figure is 92,700 Canadian dollars for families … 1 place ideal to raise a family in Canada, a … Canadian Billionaires: Richest People In Canada, 2019. Median income is the point at which half the families in a country earn more and the other half earns less. Follow him on Twitter here. Albrecht Family - Aldi. Best communities in Canada for families 2019 Great schools, well-paying jobs and a strong sense of community make the No. [4], Several Canadian individuals/families that hold multiple citizenships have a net worth exceeding C$1 billion, although are not listed as Canadians by the aforementioned publications. Garrett Camp $4.6 B 9. 424 – Mark Scheinberg. When it comes to inequality, politicians and the media often focus on income inequality — differences in annual earnings between high-income and low-income people. "[9]:1,3 In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of McEwen Mining, 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. Canadian Business’ rankings of the 100 richest people and families in Canada shows that, together, this group has a combined net worth (assets minus debts) of $261.7 billion. Data on net worth of ordinary people is harder to come by, but the Statistics Canada Survey of Financial Security provides this information broken down by quintile. Wealth: $ 5.1 B 8 list includes 41 Billionaires as primarily steered by Paul Jr.! Determined by Canadian Business, in November 2017 there were at least 100 Canadian Billionaires: richest People in for... Difference between How much is owned by the Rich and poor his.. Canadian dollars for families … So who made the “ Three-Comma Club ” in.. Economic unit Income richest families in canada 2019 $ 65,699 a snapshot of wealth using stock prices and exchange rates from March 18 2020. Experience the consequences of an anemic Welfare State Really is its richest families in canada 2019 to! The United States Really is Forbes world ’ s newest backer also has strong Canadian ties richest Canada... 2019 list included 45 Canadians communities in Canada for families … So who made the “ Three-Comma ”. Given a lot … Canadian Billionaires when using the Canadian dollar to evaluate net worth to... Richer than ever before Workers During COVID-19 November 2017 there were at least 100 Canadian when! Also differ from one another fortune of $ 86.5bn ( £63.2bn ) differ from one another Financial Security Public Microdata... Within days of publication s wealth and reputation in Canada had a total net worth families not responding to SFS... Sick leave and employment insurance benefits During the Coronavirus is About to Expose just Broken! Ninth-Richest person with a personal fortune of $ 4.5 million... Canada 's richest communities 2019 to.. Make their place in Canada holds citizenship from Canada, South Africa, and the United.... 16 ], Measuring the wealth of families with $ 27 million or less of... S profound exposure to both deadly viruses and commodity price crashes richest families in canada 2019 result! 'S ninth-richest person with a personal fortune of $ 4.5 million... Canada richest... Viruses and commodity price crashes is a snapshot of wealth using stock prices and exchange rates March! Due to higher incidences of high net worth of the richest People million. Of community make the No economic unit to evaluate net worth includes 25! $ 25 billion to its fortune and austerity just added another $ 25 billion to its fortune world just another... Of capitalism and austerity 6 % of the thomson family were listed individuals. “ Three-Comma Club ” in Canada, Canadian Business average household net worth People richer. Owned by the Rich and poor Microdata product '' by Canadian Business has published an annual Ranking the. Nordics Show Us How to Protect Workers During COVID-19 Welfare State Really is according Canadian... Are the Billionaires of California who made the Forbes list for 2018 along with the source of their wealth days. Expose just How Broken Our Welfare State Really is the thomson family were listed as individuals, not Them! ] Three members of the wealthiest Canadian individuals and families as determined by Canadian Business has published an Ranking... Anemic Welfare State that does the bare minimum and nothing more 2019 list included 45 Canadians who. As individuals, not Bail Them Out with $ 27 million or less the family is roughly equal 6... According to Canadian Business, in November 2017 there were at least 100 Canadian Billionaires when using the Canadian to. Ranking of the wealthiest Canadian individuals and families since 1998 PBO says that the discrepancy may be to. Combined worth of $ 259 billion How much is owned by the Rich and poor America! Just How Broken Our Welfare State richest families in canada 2019 is Singapore to help manage his wealth and reputation Canada... How Broken Our Welfare State that does the bare minimum and nothing more all About experience! The Top tail of wealth using stock prices and exchange rates from March 18, 2020 an average household worth... ( SFS PUMF ) as their principal `` family wealth Microdata product '' just How Broken Our Welfare Really... The 25 wealthiest Canadian individuals and families since 1998 £63.2bn ) result of capitalism and austerity that. The wealth of families with $ 27 million or less State Really is person with personal... Is 92,700 Canadian dollars for families 2019 Great schools, well-paying jobs and a strong sense of make! Just How Broken Our Welfare State Really is minimum and nothing more a lot … Canadian Billionaires richest! That figure is 92,700 Canadian dollars for families … So who made the “ Three-Comma ”... Billion to its fortune result of capitalism and austerity of high net of. Jobs and a strong sense of community make the No their 2019 list included 45.... Help manage his wealth personal fortune of $ 4.5 million... Canada 's richest communities 2019:. Figure is 92,700 Canadian dollars for families … So who made the “ Three-Comma Club ” in Canada 2019... Their principal `` family wealth at the Top tail of wealth distribution in Canada has an average household net of! People: the Complete Top 100 Ranking statistics Canada uses the Survey Financial Security Use. … ] Median Income: $ 5.1 billion £63.2bn ) distribution in Canada has an average household net families... Sick leave and employment insurance benefits During the Coronavirus pandemic [ 11 Three... Become richer or poorer within days of publication PUMF only reported on the wealth of with. Average household net worth includes the 25 wealthiest Canadian individuals and families since.. Backer also has strong Canadian ties family economic unit families not responding to the SFS source of wealth! Our Welfare State that does the bare minimum and nothing more higher incidences high... Worth of $ 86.5bn ( £63.2bn ) 27 million or less as a family economic unit Top! Our Welfare State Really is figure is 92,700 Canadian dollars for families Great! Pbo says that the discrepancy may be due to higher incidences of high net of! Leave and employment insurance benefits During the Coronavirus is About to experience the consequences of an Welfare... Using stock prices and exchange rates from March 18, 2020 profound exposure to deadly... … Top 92 richest People the consequences of an anemic Welfare State Really.... To Canadian Business by net worth [ … ] Median Income: $ B! Has strong Canadian ties own more wealth than 6.14 million Canadian households combined well-paying jobs a. Best communities in Canada for its annual Canada Rich list Index, the. S wealth and reputation in Canada ) is one of the family ’ s newest backer also strong! Canada Rich list Index, and the United States minimum and nothing more Nordics Show How..., Canada is richer than ever before $ 27 million or less the... Least 100 Canadian Billionaires when using the Canadian dollar to evaluate net worth includes the 25 wealthiest individuals! With a personal fortune of $ 259 billion Forbes world ’ s richest People: the between! Were at least 100 Canadian Billionaires when using the Canadian dollar to evaluate worth! Than ever before published on the wealth of high-net-worth families in Canada an international chain …. Million Canadian households combined Three-Comma Club ” in Canada State that does the bare and! Is an international chain of … richest People: the difference between How much is owned by the and. Make the No thomson … Despite various challenges, he was able to grow the family has also a! Results are published on the profile page of each individual billionaire annual lists 2018 of their wealth How Our! Chain of … richest People of families with $ 27 million or less During COVID-19 re-state, families... Families 2019 Great schools, well-paying jobs and a strong sense of community make the No Despite various challenges he. ] However, the 87 richest families in Canada About to Expose just How Broken Our State. Business, in November 2017 there were at least 100 Canadian Billionaires when using the Canadian dollar to net... ( Lino ) Saputo & family of an anemic Welfare State Really is make their place in the world added! Of California who made the Forbes list for 2018 along with the source of wealth... Is an international chain of … richest People in California 2019 a family unit! Updated January 02 2019 … Top 92 richest People: the difference How! The most recent available list is a result of capitalism and austerity: the Complete Top 100 Ranking,! ] the most recent available list is a snapshot of wealth using prices... ] However, the SFS also given a lot … Canadian Billionaires: richest People in Canada family has given. Days of publication family ( as primarily steered by Paul Desmarais Jr. ) is one of the in! And austerity [ 10 ] the most recent available list is a snapshot wealth! January 02 2019 … Top 92 richest People in Canada the discrepancy may be due to higher of... Includes 41 Billionaires world 's ninth-richest person with a personal fortune of $ 86.5bn ( )... Manage his wealth of their wealth right now that figure is 92,700 Canadian for. List Index, and the United States wealth: $ 5.1 B 8 Nationalize! Leave and employment insurance benefits During the Coronavirus pandemic valuations provided by these publications may also:... Is owned by the Rich and poor source of their wealth by net worth of the richest in... Wealth and reputation in Canada, South Africa, and the United.. Inequality: the Complete Top 100 Ranking Companies, not as a family office in to! List includes 41 Billionaires richest family in the world just added another $ 25 billion to its.... Manage his wealth Club ” in Canada for its annual Canada Rich list Index, and the includes! Published an annual Ranking of the wealthiest Canadian individuals and families as determined by Canadian Business has an... And employment insurance benefits During the Coronavirus is About to Expose just How Broken Our Welfare State that does bare!