The 20 Richest People in Canada Right Now

Canada is one of the 20 countries with the most billionaires in the world. There are 64 billionaires in the country according to the 2022 World Billionaires list by Forbes. Six of them are women while 58 of those billionaires are men. The founder of crypto exchange Binance is the richest person in Canada with a net worth of $65 billion. Infoanyday has compiled a list of the 20 richest people in Canada. Unfortunately, no woman made the list since the 20th wealthiest person in the country has a net worth of $3.5 billion while Canada’s richest woman, Pan Dong has a fortune of $2.8 billion. She’s the 30th wealthiest person in the country.

So, who are the 20 richest people in Canada? Shopify cofounder Tobi Lutke and Joseph Tsai, the cofounder of Alibaba are some of the folks featured on this list.

1. Changpeng Zhao

Net worth: $65 B

Source of wealth: Cryptocurrency exchange

Global Rank: 19

Age: 44

Residence: Singapore, Singapore

Changpeng Zhao is the richest man in Canada and the wealthiest billionaire in cryptocurrency. Zhao is the CEO and founder of Binance, the planet’s largest cryptocurrency exchange by trading volume. Last year Binance facilitated trades worth more than $9.5 billion which was more than two-thirds of all trades handled by crypto exchanges.

Binance is also the world’s largest crypto exchange by market capitalization, with a valuation of more than $1.3 billion. The billionaire was born in China and moved to Canada with his family when he was still young.

2. David Thomson & family

Net worth: $49.2 B

Source of wealth: Media & Entertainment

Global Rank: 26

Age: 64

Residence: Toronto, Canada

David Thomson is the chairman of the Thomson Reuters Corporation, a media and publishing company founded by his grandfather Roy Thomson in 1934. The billionaire together with his family owns about 62% of the company through their holding firm The Woodbridge Company. The family also owns The Canadian Globe and Mail newspaper and has a 60% stake in Canadian-based media company CTVglobemedia. Last year David Thomson was the wealthiest individual in Canada with a fortune of $45.7 billion.

3. Jim Pattison

Net worth: $12.2 B

Source of wealth: Diversified

Global Rank: 152

Age: 93

Residence: Vancouver, Canada

With a fortune of $12.2 billion, Jim Pattison is one of the richest people in Canada. The billionaire is the founder, CEO, and owner of the Jim Pattison Group. He started off by buying a GM dealership in 1961. He borrowed $40,000 from a Bank and placed his home and life insurance policy as collateral. Jim Pattison Group is the second-largest private corporation in Canada with over 45,000 workers and $10.1 billion in annual sales. The company’s subsidiaries have operations in the media, food, entertainment, automotive, and packaging among other sectors.

4. David Cheriton

david-cheriton

Net worth: $11.1 B

Source of wealth: Google

Global Rank: 180

Age: 71

Residence: Palo Alto, California, US

David Cheriton is a computer science professor at Stanford University. He was one of the angel investors of Google. His $100,000 investment in Google during its early years could be worth more than $1 billion today. The billionaire has also funded other startups such as VMware and Arista. It’s believed that he has invested in at least 20 startups. Together with billionaire Andreas von Bechtolsheim, Cheriton founded Granite Systems and Kealia.

5. Joseph Tsai

Net worth: $8.4 B

Source of wealth: Alibaba

Global Rank: 254

Age: 58

Residence: Hong Kong, Hong Kong

Joseph Tsai is Canada’s 5th richest individual and the 9th wealthiest person in Hong Kong as of 2022. Tsai is the co-founder and executive vice-chairman of Alibaba, one of the most valuable companies in the world. Tsai and Jack Ma founded Alibaba in 1999. He owns the Brooklyn Nets of the NBA and the San Diego Seals of the National Lacrosse League. The billionaire also holds a Hong Kong passport. He’s the second-largest individual shareholder of Alibaba after Jack Ma.

5. Anthony von Mandl

Net worth: $8.4 B

Source of wealth: Alcoholic beverages

Global Rank: 254

Age: 72

Residence: Vancouver, Canada

The billionaire is the founder and CEO of the Mark Anthony Group, a maker, importer, and distributor of alcoholic drinks. According to Forbes, the company’s US division generated revenues of about $3 billion last year. The billionaire owns five wineries in Canada and is the maker of Mike’s Hard lemonade. He began his business at the age of 22 importing wine in the 1970s after completing college.

Related: The richest people in India

7. Mark Scheinberg

mark-scheinberg

Net worth: $5.3 B

Source of wealth: Online gambling

Global Rank: 509

Age: 48

Residence: Isle of Man, UK

Mark Scheinberg founded PokerStars with his father in 2001 and built it into the world’s largest online poker company. In 2014 they sold PokerStars to Amaya Gaming for $4.9 billion. According to Forbes, Mark pocketed over $3 billion from the sale. In 2017, the billionaire bought a 50% stake in Centro Canalejas Madrid, a real estate project in Madrid, Spain. He also owns the Thompson hotel in Toronto. The billionaire was born in Israel and moved to Canada with his family at the age of 13. He’s the richest individual on the Isle of Man.

7. Chip Wilson

Net worth: $5.3 B

Source of wealth: Lululemon

Global Rank: 509

Age: 65

Residence: Vancouver, Canada

Chip is the founder and former CEO of Lululemon, a Canadian athletic apparel retailer with about 500 stores globally. The billionaire started the company with a single store in Vancouver in 2000 selling yoga pants. Lululemon then diversified and began to sell athletic wear, accessories, personal care products, and lifestyle wear. He left the company in 2015 but remains its largest shareholder with about 10.9 million shares which are equivalent to an 8.8% stake in the firm. Chip Wilson also owns Hold It All, a holding company with investments in real estate and private equity.

9. Alain Bouchard

Net worth: $5 B

Source of wealth: Convenience stores

Global Rank: 552

Age: 73

Residence: Montreal, Canada

Alain Bouchard is one of the richest people in Canada. The billionaire cofounded the Alimentation Couche-Tard which operates 15,000 convenience stores in the United States, Canada, Mexico, China, Latvia, and 10 other countries. The store chain had $54.1 billion in revenues in 2020. He retired as president and CEO in 2014.

Also Read: The 10 cities with the most billionaires in the world.

9. Huang Chulong

Net worth: $5 B

Source of wealth: Real estate

Global Rank: 552

Age: 63

Residence: Shenzhen, China

Huang is the owner and chairman of Galaxy Holding Group which has interests in the real estate and finance industries. The Group was awarded the title of “China’s Top 100 Real Estate Enterprises” for eight consecutive years and has been named China’s Blue-chip Real Estate eight times. Galaxy Holding is the second-largest shareholder of Shenzhen Futian Yinzuo Rural Bank and Shenzhen Capital Group.

9. Tobi Lutke

tobi-lutke

Net worth: $5 B

Source of wealth: Shopify

Global Rank: 552

Age: 41

Residence: Ottawa, Canada

Tobi is one of the three founders of the e-commerce platform Shopify. According to Forbes, the billionaire owns about 6% of Shopify — which is used by over 1.7 million businesses across 175 countries in the world. The company had revenues of about $4.6 billion in 2021. Shopify helps companies set up and run online stores. Shopify went public on May 21, 2015, raising $131 million during its IPO. According to Yahoo Finance, the company has a market cap of about $68.83 billion as of 2022.

12. Emmanuele (Lino) Saputo & family

Net worth: $4.8 B

Source of wealth: Cheese

Global Rank: 586

Age: 85

Residence: Montreal, Canada

Saputo is the 12th wealthiest individual in Canada. He’s the founder of Saputo Inc, a Canadian-based maker of cheese and other dairy products. The company is the 10th largest dairy corporation in the world with revenues of $10.7 billion (2021). It has operations in more than 50 countries including the US, Argentina, and the UK with the United States accounting for roughly half of its sales revenues. The billionaire has interests in Montreal Impact of the MLS and Canadian transport and logistics company TransForce.

12. Bruce Flatt

Net worth: $4.8 B

Source of wealth: Money management

Global Rank: 622

Age: 56

Residence: London, United Kingdom

Bruce Flatt is the CEO of Brookfield Asset Management and is one of the richest people in Canada. Brookfield Asset Management is one of the world’s largest management companies with more than $688 billion worth of assets under management. The company has investments in real estate, private equity, renewable power, and infrastructure.

14. Daryl Katz

daryl-katz

Net worth: $4.5 B

Source of wealth: Pharmacies

Global Rank: 637

Age: 60

Residence: Edmonton, Canada

Daryl is the founder and chairman of the Katz Group of companies, one of the largest privately held corporations in Canada. The group has operations in the real estate, sports & entertainment sectors and owns a chain of pharmacies. The group owns the Edmonton Oilers of the National Hockey League.

15. Carlo Fidani

Net worth: $4.2 B

Source of wealth: Real estate

Global Rank: 687

Age: 67

Residence: Toronto, Canada

Carlo Fidani is the chairman of the Orlando Corporation, a real estate company based in the city of Mississauga, Ontario. The company was founded by his grandfather in 1948. Fidani took over the corporation after the death of his father in 2000. Orlando Corporation is involved in property development, management, and leasing. It owns and manages Business Parks that are more than 3,000 acres in Canada including the Orlando 404 Business Park, Airport Park, and BramEast Business Park.

16. James Irving

Net worth: $4.1 B

Source of wealth: Diversified

Global Rank: 709

Age: 94

Residence: Saint John, Canada

With a fortune of $4.1 billion, James Irving is one of the richest people in Canada. The billionaire owns J.D. Irving which has interests in food processing, shipbuilding, frozen food, and shipping lines among other sectors. According to Forbes, J.D. Irving has over 24 subsidiaries and is the 6th biggest landowner in the United States with about 1.25 million acres of land.

17. Arthur Irving

Net worth: $4 B

Source of wealth: Oil

Global Rank: 728

Age: 92

Residence: Saint John, Canada

He owns Irving Oil which operates oil refineries and gas stations. The company owns the largest oil refinery in Canada, the Irving Oil Refinery. Arthur and James are brothers who inherited their father’s (K.C Irving) business after his death in 1992. Irving Oil operates more than 900 gas stations across Canada and the United States. It also owns multiple “Big Stops” for truck drivers, which feature convenience stores and restaurants among other facilities.

17. Max Lytvyn

max-lytvyn

Net worth: $4 B

Source of wealth: Software

Global Rank: 728

Age: 42

Residence: San Francisco, California

Max Lytvyn is the co-founder of Grammarly, a grammar checking tool. Max founded the software together with Alex Shevchenko and Dmytro Lider in 2009 with the aim of helping students with spelling and grammar. The three had previously developed a program to check essays for plagiarism known as My Dropbox before inventing Grammarly.

17. Alex Shevchenko

Net worth: $4 B

Source of wealth: Software

Global Rank: 728

Age: 42

Residence: Canada

Alex Shevchenko is the cofounder of Grammarly and is one of the richest people in Canada. According to Forbes, Grammarly Inc is valued at about $13 billion. Alex is the Product Lead at the company overseeing product development. Alex and Max (the other Grammarly co-founder) are some of the new billionaires featured on the Forbes billionaires list this year. The two were born in Ukraine.

20. Apoorva Mehta

apoorva-mehta

Net worth: $3.5 B

Source of wealth: Grocery delivery service

Global Rank: 851

Age: 35

Residence: San Francisco, California

He’s the youngest and the 20th wealthiest individual in Canada. Apoorva founded the grocery delivery service Instacart in 2012 after trying to launch 20 startups all of which failed. The billionaire was born in India and moved to Canada when he was 14. He joined the three-comma club in 2020. His company is valued at more than $39 billion with Mehta who is now serving as executive chairman holding a 10% stake. Instacart has operations in the U.S and Canada. It has over 10,000 employees and had $1.5 billion in revenues in 2020.

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