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. The CEOWORLD magazine Quarterly Rich List 2020 has revealed Canada’s wealthiest people. The combined wealth of the top 46 Canadian Billionaires hit a new record high of $185.2 billion. The British-Canadian magnate became the wealthiest man in the country after the death of his father in 2006, when he became chairman of Thomson Corporation. David Thomson and the Thomson family-run Thomson Reuters Corp, a media and publishing conglomerate established by Thomson’s grandfather Roy Thomson. Today, David Thomson works as the chairman of the company.
The number two spot for Canada was occupied by Joseph Tsai, Alibaba Group Holding Ltd. Vice Chairman and Co-Founder, worth $13.8 billion. Joseph Chung-Hsin Tsai owns the Brooklyn Nets of the National Basketball Association (NBA). Tsai is Alibaba’s second-largest individual shareholder after Jack Ma, with a 1.7% stake that accounts for the majority of his fortune. Tsai joined Alibaba in 1999 as its first chief financial officer. Tsai, who is also a Canadian citizen, has served as Alibaba’s chief operating officer and a founding board member.
According to the financial publication’s annual listing, 2020 saw the total wealth of the top 5 richest Canadian hits a new record high of $77.4 billion. Tobi Lutke is the third richest person in the country; his net worth stands at $9 billion. Galen Weston and David Cheriton rounded up the top five wealthiest people in Canada with $8.3 billion and $6.8 billion, respectively. To identify the wealthiest people in Canada, CEOWORLD magazine reviewed numerous national and international media reports, and all estimated net worth figures are in U.S. dollars.
Who Are Canada’s Top Billionaires?
Canadian Billionaires: Richest People In Canada, 2020
| Rank | Name | Net worth (USD) | Industry |
|---|---|---|---|
| 1 | David Thomson and family | $39.5 billion | Media |
| 2 | Joseph Tsai | $13.8 billion | E-commerce |
| 3 | Tobi Lutke | $9.0 billion | E-commerce |
| 4 | Galen Weston and family | $8.3 billion | Retail |
| 5 | David Cheriton | $6.8 billion | |
| 6 | Huang Chulong | $6.2 billion | Real estate |
| 7 | James Irving | $6.1 billion | Diversified |
| 8 | Chip Wilson | $5.5 billion | Lululemon |
| 9 | Jim Pattison | $5.4 billion | Diversified |
| 10 | Mark Scheinberg | $4.9 billion | Online gambling |
| 11 | Emanuele (Lino) Saputo and family | $4.7 billion | Cheese |
| 12 | Alain Bouchard | $4.5 billion | Retail |
| 13 | Anthony von Mandl | $4.4 billion | Alcoholic beverages |
| 14 | Peter Gilgan | $4.1 billion | Homebuilding |
| 15 | Daryl Katz | $3.5 billion | Pharmacies |
| 16 | Arthur Irving | $3.3 billion | Oil |
| 17 | Garrett Camp | $3.2 billion | Uber |
| 18 | Jean Coutu and family | $2.8 billion | Drugstores |
| 19 | Bob Gaglardi | $2.7 billion | Hotels |
| 20 | Lawrence Stroll | $2.6 billion | Fashion investments |
| 21 | Mitchell Goldhar | $2.5 billion | Real estate |
| 22 | Robert Miller | $2.4 billion | Electronics components |
| 23 | Charles Bronfman | $2.3 billion | Liquor |
| 24 | Carlo Fidani | $2.3 billion | Real estate |
| 25 | Jacques D'Amours | $2.3 billion | Retail |
| 26 | Barry Zekelman | $2.2 billion | Steel |
| 27 | Serge Godin | $2.0 billion | Information technology |
| 28 | Bruce Flatt | $1.9 billion | Money management |
| 29 | Pierre Karl Péladeau | $1.8 billion | Media |
| 30 | Peter Szulczewski | $1.8 billion | E-commerce |
| 31 | Mark Leonard and family | $1.7 billion | Software |
| 32 | Stephen Smith | $1.7 billion | Finance and investments |
| 33 | Marcel Adams and family | $1.6 billion | Real estate |
| 34 | Hal Jackman | $1.6 billion | Investments |
| 35 | Stephen Jarislowsky | $1.6 billion | Money management |
| 36 | Michael Lee-Chin | $1.5 billion | Mutual funds |
| 37 | Aldo Bensadoun | $1.5 billion | Shoes |
| 38 | Jack Cockwell | $1.5 billion | Private equity |
| 39 | Clayton Zekelman | $1.4 billion | Steel |
| 40 | Terence (Terry) Matthews | $1.3 billion | Telecom |
| 41 | Gerald Schwartz | $1.2 billion | Finance |
| 42 | Apoorva Mehta | $1.2 billion | Grocery delivery |
| 43 | Brandt Louie | $1.2 billion | Drugstores |
| 44 | Guy Laliberté | $1.2 billion | Cirque du Soleil |
| 45 | Alan Zekelman | $1.1 billion | Steel |
| 46 | N. Murray Edwards | $1.1 billion | oil and gas |
Huang Chulong is 6th on the list with $6.2 billion. James Irving holds the 7th spot with a whopping net worth of $6.1 billion, followed by Chip Wilson ($5.5 billion), Jim Pattison ($5.4 billion), and Mark Scheinberg ($4.9 billion).
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