Richest People in Canada 2023 – Top 10 Wealthiest Man

Richest People in Canada 2023

In a world where wealth is often seen as a measure of success, the richest people are a fascinating subject of study. From entrepreneurs to heirs, these individuals have amassed enormous fortunes and often wield significant influence over the global economy. Each year, various organizations release lists ranking the world’s wealthiest people, offering a glimpse into their lives, businesses, and philanthropic endeavors. In this article, we will take a closer look at some of the richest people in the world, including their net worth, sources of income, and contributions to society.

A new ranking of the world’s billionaires has revealed the richest people in Canada, with their fortunes ranging from $1 billion to $54.4 billion. The annual World’s Billionaires List by Forbes includes numerous Canadians in its 2023 edition, with a total of 63 Canadian billionaires featured. The list identifies 2,640 individuals worldwide with a net worth of $1 billion or more, a decrease from the 2022 figure of 2,668. The collective net worth of these billionaires stands at $12.2 trillion, a decline of $500 billion from March 2022. The US, China, and India have the highest numbers of billionaires on the list.

Top 10 Richest People in Canada

Here is the list of the Top 10 Richest people in Canada with their net worth.

S.No	Richest People	Net Worth
1	David Thomson & family	$58.0 billion
2	Changpeng Zhao	$10.5 billion
3	David Cheriton	$9.9 billion
4	Jim Pattison	$9.8 billion
5	Anthony Von Mandl	$9.0 billion
6	Joseph Tsai	$8.2 billion
7	Alain Bouchard	$6.5 billion
8	Arthur Irving	$5.7 billion
9	Chip Wilson	$5.7 billion
10	James Irving	$5.6 billion

Let us see each of the Billionaires in detail.

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1. David Thomson & family: $58.0 billion

David Thomson and his family are a prominent Canadian business family with a vast fortune estimated to be around $58.0 billion, making them one of the wealthiest families in Canada. David Thomson is the Chairman of the Thomson Reuters Corporation, a global media and information company founded by his grandfather Roy Thomson. The family also owns and operates The Woodbridge Company, a private holding company that manages their investments in media, information services, real estate, and other industries.

Aside from their business interests, the Thomson family is known for their philanthropy and charitable giving, with a focus on education, healthcare, and the arts. They have donated millions of dollars to various causes and organizations, including the Art Gallery of Ontario, the Hospital for Sick Children in Toronto, and the University of Cambridge. The Thomson family is known for being very private and low-key, with little information available about their personal lives. David Thomson, who is the richest person in Canada, is known for being a reserved and private individual who avoids the public spotlight.

2. Changpeng Zhao: $10.5 billion

Changpeng Zhao, also known as CZ, is a Chinese-Canadian entrepreneur and the founder and CEO of Binance, one of the world’s largest cryptocurrency exchanges. He was born in Jiangsu, China, in 1977 and moved to Vancouver, Canada, when he was a teenager. Zhao started his career in finance, working for various companies, including Bloomberg Tradebook and Fusion Systems. He then ventured into the cryptocurrency industry in 2013, working as the head of development at Blockchain.info, a popular Bitcoin wallet provider.

In 2017, Zhao founded Binance, which quickly became one of the largest cryptocurrency exchanges in the world. Under his leadership, Binance has grown rapidly and expanded its services to include spot and derivatives trading, margin trading, lending, and staking. Zhao is known for his innovative thinking and entrepreneurial spirit, as well as his advocacy for the cryptocurrency industry. He has been named to Forbes’ list of “The World’s Most Powerful People” and “The Cryptocurrency Rich List,” among other accolades. He is also an active social media user, with a large following on Twitter, where he frequently shares his thoughts on the cryptocurrency industry and Binance’s developments.

3. David Cheriton: $9.9 billion

David Cheriton is a Canadian computer scientist, mathematician, and entrepreneur, with a net worth estimated to be around $9.9 billion. He was born in Vancouver, Canada, in 1951 and is currently a professor of computer science at Stanford University in California. Cheriton is known for his contributions to the development of distributed computing systems and has made significant contributions to the design and implementation of several important networking protocols. He has also co-authored several textbooks on computer networking and distributed systems.

Aside from his academic work, Cheriton is a successful entrepreneur and investor. He was an early investor in Google, providing the company with seed funding in its early days, and he has also invested in several other successful technology companies, including VMware, Arista Networks, and Cohere Technologies. Cheriton is also a philanthropist, having donated millions of dollars to various causes and organizations, including his alma mater, the University of British Columbia, and the Canadian Red Cross. He is known for his modest lifestyle and frugal spending habits, despite his immense wealth.

4. Jim Pattison: $9.8 billion

Jim Pattison is a Canadian businessman and philanthropist with a net worth estimated to be around $9.8 billion. He was born in Saskatoon, Canada, in 1928 and is the founder, chairman, and CEO of the Jim Pattison Group, a conglomerate with interests in a wide range of industries, including automotive dealerships, media, food distribution, and real estate. Under Pattison’s leadership, the Jim Pattison Group has become one of the largest privately-held companies in North America, with operations across Canada, the United States, and other parts of the world. The company’s holdings include over 500 subsidiaries and employ more than 46,000 people.

Aside from his business interests, Pattison is also a noted philanthropist and has donated millions of dollars to various causes and organizations. He has supported healthcare, education, and the arts, among other causes, and has donated to institutions such as the University of British Columbia, the BC Children’s Hospital, and the Vancouver General Hospital. Pattison is also known for his love of sports, particularly horse racing, and he is the owner of several racehorses and has invested in racetracks across Canada. He is a member of the Order of Canada, the highest civilian honor in the country, and has been recognized with numerous other awards for his business and philanthropic work.

5. Anthony Von Mandl: $9.0 billion

Anthony Von Mandl is a Canadian entrepreneur and businessman, with a net worth estimated to be around $9.0 billion. He was born in Vancouver, Canada, in 1950 and is the founder and CEO of the Mark Anthony Group, a leading beverage company that produces and distributes popular brands such as White Claw and Mike’s Hard Lemonade. Von Mandl began his career in the wine industry, founding Mission Hill Family Estate Winery in British Columbia in 1981. He later expanded into the beer and spirits industry, founding the Mark Anthony Group in 1984. Under his leadership, the company has grown into a major player in the beverage industry, with operations across Canada, the United States, and other parts of the world.

Von Mandl is also a noted philanthropist and has donated millions of dollars to various causes and organizations. He has supported healthcare, education, and the arts, among other causes, and has donated to institutions such as the BC Children’s Hospital and the University of British Columbia. In addition to his business and philanthropic work, Von Mandl is also a passionate advocate for the environment and sustainability. He has implemented several sustainability initiatives within the Mark Anthony Group, including the use of renewable energy and the reduction of greenhouse gas emissions.

6. Joseph Tsai: $8.2 billion

Joseph Tsai is a Canadian businessman and investor, with a net worth estimated to be around $8.2 billion. He was born in Taiwan in 1964 and grew up in Canada. Tsai is best known as the co-founder and executive vice chairman of the Alibaba Group, one of the world’s largest e-commerce companies. Tsai attended Yale Law School and worked as a lawyer in New York City before joining Alibaba in 1999. He played a key role in the company’s growth and success, helping to take it public in 2014 in what was then the largest initial public offering in history.

In addition to his work at Alibaba, Tsai is also an investor in a wide range of companies, including sports franchises such as the Brooklyn Nets of the NBA and the New York Liberty of the WNBA. Tsai is also a philanthropist and has donated millions of dollars to various causes and organizations. He has supported education and research institutions such as Yale University, the University of California, and the University of British Columbia.

7. Alain Bouchard: $6.5 billion

Alain Bouchard is a Canadian businessman and entrepreneur, with a net worth estimated to be around $6.5 billion. He was born in Quebec, Canada, in 1949 and is the founder and executive chairman of Alimentation Couche-Tard, a multinational convenience store and fuel retailer. Bouchard founded Couche-Tard in 1980 with a single convenience store in Quebec. Under his leadership, the company has grown into a global powerhouse with over 16,000 stores in 26 countries, including the Circle K brand.

Aside from his business interests, Bouchard is also a philanthropist and has donated millions of dollars to various causes and organizations. He has supported healthcare, education, and the arts, among other causes, and has donated to institutions such as the Montreal Heart Institute and the Quebec Foundation for Athletic Excellence. Bouchard is also a member of the Order of Canada, the highest civilian honor in the country, and has been recognized with numerous other awards for his business and philanthropic work.

8. Arthur Irving: $5.7 billion

Arthur Irving is a Canadian businessman and philanthropist, with a net worth estimated to be around $5.7 billion. He was born in New Brunswick, Canada, in 1930 and is the co-owner of J.D. Irving Limited, one of Canada’s largest privately-owned companies. J.D. Irving Limited was founded in 1882 by Arthur’s grandfather, James D. Irving, as a small sawmill in New Brunswick. Today, the company has operations in a wide range of industries, including forestry, paper and pulp, transportation, and shipbuilding.

Arthur Irving took over the company with his brother, J.K. Irving, after the death of their father in 1970. Under their leadership, the company has continued to grow and expand, with a focus on sustainable business practices. In addition to his business interests, Irving is also a philanthropist and has donated millions of dollars to various causes and organizations. He has supported healthcare, education, and the arts, among other causes, and has donated to institutions such as Dalhousie University and the New Brunswick Museum. Irving has also been recognized with numerous awards for his business and philanthropic work, including the Order of Canada and the Queen Elizabeth II Diamond Jubilee Medal.

9. Chip Wilson: $5.7 billion

Chip Wilson is a Canadian entrepreneur and philanthropist, with a net worth estimated to be around $5.7 billion. He was born in California in 1956 and moved to Vancouver, Canada in the late 1970s, where he founded the popular yoga-inspired athletic apparel brand, Lululemon. Wilson started Lululemon in 1998 with a vision to create stylish, high-quality yoga clothing that could also be worn in everyday life. The company quickly gained a cult following and became a global sensation, with stores in over 25 countries.

In addition to his work at Lululemon, Wilson is also a philanthropist and has donated millions of dollars to various causes and organizations. He has supported healthcare, education, and environmental conservation, among other causes, and has donated to institutions such as the University of British Columbia and the David Suzuki Foundation. Wilson is also an avid supporter of entrepreneurship and has founded a number of other companies, including the athletic apparel brand Kit and Ace and the investment firm Hold It All. Despite his success, Wilson has faced controversy over the years, including criticism for his comments about the size and fit of Lululemon’s clothing and for his statements about the origins of yoga.

10. James Irving: $5.6 billion

James Irving is a Canadian businessman and philanthropist, with a net worth estimated to be around $5.6 billion. He was born in New Brunswick, Canada, in 1929 and is the co-owner of J.D. Irving Limited, one of Canada’s largest privately-owned companies. J.D. Irving Limited was founded in 1882 by James’ grandfather, James D. Irving, as a small sawmill in New Brunswick. Today, the company has operations in a wide range of industries, including forestry, paper and pulp, transportation, and shipbuilding. James Irving took over the company with his brother, Arthur Irving, after the death of their father in 1970. Under their leadership, the company has continued to grow and expand, with a focus on sustainable business practices.

In addition to his business interests, Irving is also a philanthropist and has donated millions of dollars to various causes and organizations. He has supported healthcare, education, and the arts, among other causes, and has donated to institutions such as Dalhousie University and the New Brunswick Museum. Irving has also been recognized with numerous awards for his business and philanthropic work, including the Order of Canada and the Queen Elizabeth II Diamond Jubilee Medal.

Who is the Richest Person in Canada ?

David Kenneth Roy Thomson, the 3rd Baron Thomson of Fleet, is a media tycoon and hereditary peer with Canadian and British citizenship. He inherited his father’s British title after his death in 2006 and took over as chairman of Thomson Corporation. Following the acquisition of Reuters in 2008, he became chairman of the merged entity, Thomson Reuters. As of March 2023, Thomson is the wealthiest person in Canada and the 22nd richest person globally, with an estimated net worth of $58.0 billion. He began his career as a junior associate at McLeod Young Weir in Toronto before joining various companies within the Thomson family’s holdings. He later founded Osmington Incorporated, a real estate firm independent of the Thomson empire, which acquires and manages commercial real estate assets on behalf of institutional shareholders. Osmington is also a major investor in precision agriculture company FarmersEdge and a partner in True North Sports and Entertainment, which owns the National Hockey League’s Winnipeg Jets and the Canada Life Centre in downtown Winnipeg, Manitoba. Osmington is currently redeveloping the retail space of Toronto’s Union Station. Thomson’s investment activities are managed through the Toronto hedge fund Morgan Bay Capital.

Richest Man in Canada

This list describes the Top richest people in Canada in 2023. You can check above to know the Top 10 list of Richest people.

S.No	Richest People
1	David Thomson & family: $58.0 billion
2	Changpeng Zhao: $10.5 billion
3	David Cheriton: $9.9 billion
4	Jim Pattison: $9.8 billion
5	Anthony Von Mandl: $9.0 billion
6	Joseph Tsai: $8.2 billion
7	Alain Bouchard: $6.5 billion
8	Arthur Irving: $5.7 billion
9	Chip Wilson: $5.7 billion
10	James Irving: $5.6 billion
11	Mark Scheinberg: $5.2 billion
12	Emanuele (Lino) Saputo & family: $5.1 billion
13	Carlo Fidani: $4.8 billion
14	Daryl Katz: $4.4 billion
15	Tobi Lutke: $4.3 billion
16	Bob Gaglardi: $3.7 billion
17	Lawrence Stroll: $3.6 billion
18	Leonid Boguslavsky: $3.5 billion
19	Barry Zekelman: $3.5 billion
20	Peter Gilgan: $3.4 billion
21	Ryan Cohen: $3.4 billion
22	Stephen Smith: $3.4 billion
23	Jean Coutu & family: $3.2 billion
24	Jacques D’Amours: $3.1 billion
25	Mark Leonard & family: $3.0 billion

Conclusion

In conclusion, the annual World’s Billionaires List by Forbes includes 63 Canadian billionaires in its 2023 edition, with their fortunes ranging from $1 billion to $54.4 billion. The top 10 richest people in Canada are David Thomson & family, Changpeng Zhao, David Cheriton, Jim Pattison, Anthony Von Mandl, Joseph Tsai, Alain Bouchard, Arthur Irving, Chip Wilson, and James Irving. These individuals have amassed immense wealth through various sources such as media, information services, cryptocurrency, technology, and conglomerates. Despite their vast fortunes, many of them are known for their philanthropy and charitable giving, contributing to causes such as education, healthcare, and the arts. The success of these individuals serves as an inspiration to many, highlighting the possibilities that hard work, innovation, and dedication can achieve.

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