Top 10 richest people in Canada

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10 richest people in Canada

Canada’s highly anticipated list of the top 10 billionaires has been revealed, and David Thomson and his family lead the pack by a substantial margin, boasting an estimated net worth of USD 54.8 billion as of March 2, 2023. In second place is Jim Pattison, with a wealth of USD 11 billion, while David Cheriton rounds out the top three, amassing an estimated USD 9.2 billion.

CEOWORLD magazine recently updated its list of Canada’s wealthiest individuals, and since the last release in December 2022, there haven’t been significant shifts. David Thomson, renowned for his association with Thomson Reuters, maintains his undisputed position as Canada’s wealthiest individual.

Jim Pattison, overseeing his eponymous conglomerate encompassing 25 diverse divisions, including food, packaging, and entertainment, among others, retains his second-place status, comfortably ahead of the third-richest Canadian, David Cheriton, by a healthy USD 1 billion.

Notably, “Professor Billionaire” Cheriton, who earned his fortune with a visionary USD 100,000 investment in the then startup Google, has climbed from fourth place in December 2022 to seize the third spot with a net worth of USD 9.2 billion in March 2023. It’s worth mentioning that Cheriton is also the brains behind successful ventures like Arista Networks, Granite Systems, and Kealia, with the latter two having been sold off since.

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Anthony Von Mandl, the maestro behind alcohol importing and distribution, witnessed a dip in his net worth from USD 8.9 billion at the end of 2022 to USD 8.7 billion in March 2023, yet he remains firmly in fourth place. Von Mandl is renowned for creating popular alcoholic drinks like White Claw hard seltzer and Mike’s Hard Lemonade, and he owns five wineries in Canada.

Joseph Tsai maintains his position in Canada’s top five wealthiest individuals with a solid net worth of USD 7.8 billion, unchanged since the end of 2022. Tsai, known as the vice chair and co-founder of Alibaba Group and its second-largest individual shareholder after Jack Ma, is also the sole owner of the NBA’s Brooklyn Nets.

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Alain Bouchard, who co-founded the convenience store conglomerate Alimentation Couche-Tard and acquired the Circle K chain in 2003.

Chip Wilson, the founder of athleisure giant Lululemon and its largest individual shareholder.

Mark Scheinberg, who, along with his father, co-founded online poker company PokerStars and cashed out in 2014, pocketing over USD 3 billion.

Emanuele (Lino) Saputo & family, the driving force behind the eponymous dairy company.

Arthur Irving, the sole owner of Irving Oil, a multi-generational family enterprise involved in oil refineries, gas stations, and construction businesses since 2018.