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Canadian Billionaires: These are the richest people in Canada in 2020

The CEOWORLD magazine Rich List 2020 has revealed Canada’s wealthiest people. With an estimated net worth of $35.3 billion, David Thomson, chairman of Thomson Reuters, is the wealthiest person in Canada, that’s according to CEOWORLD magazine’s Canada Rich List Index For 2020. The number two spot for Canada was occupied by Joseph Tsai, vice-chairman of Chinese e-commerce giant Alibaba Group, worth $11.3 billion.

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 $87.2 billion. Galen Weston is the third richest person in the country; his net worth stands at $7.6 billion.

David Cheriton and Tobi Lutke rounded up the top five wealthiest people in Canada with $6.6 billion and $6.4 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

RankNameNet worth (USD)
1David Thomson & family$35.3 billion
2Joseph Tsai$11.3 billion
3Galen Weston & family$7.6 billion
4David Cheriton$6.6 billion
5Tobi Lutke$6.4 billion
6James Irving$5.4 billion
7Huang Chulong$5.0 billion
8Mark Scheinberg$4.9 billion
9Jim Pattison$4.7 billion
10Chip Wilson$4.5 billion
11Emanuele (Lino) Saputo & family$4.3 billion
12Anthony von Mandl$4.3 billion
13Alain Bouchard$3.7 billion
14Daryl Katz$3.3 billion
15Arthur Irving$3.3 billion
16Peter Gilgan$3.3 billion
17Garrett Camp$3.0 billion
18Lawrence Stroll$2.6 billion
19Bob Gaglardi$2.6 billion
20Jean Coutu & family$2.5 billion
21Charles Bronfman$2.3 billion
22Mitchell Goldhar$2.3 billion
23Robert Miller$2.3 billion
24Barry Zekelman$2.2 billion
25Carlo Fidani$2.2 billion
26Bruce Flatt$1.9 billion
27Jacques D'Amours$1.8 billion
28Serge Godin$1.8 billion
29Peter Szulczewski$1.8 billion
30Michael Lee-Chin$1.7 billion
31Marcel Adams & family$1.6 billion
32Mark Leonard & family$1.5 billion
33Pierre Karl Péladeau$1.5 billion
34Hal Jackman$1.5 billion
35Stephen Jarislowsky$1.5 billion
36Stephen Smith$1.5 billion
37Jack Cockwell$1.4 billion
38Clayton Zekelman$1.4 billion
39Aldo Bensadoun$1.3 billion
40Terence (Terry) Matthews$1.3 billion
41Gerald Schwartz$1.2 billion
42Guy Laliberté$1.2 billion
43Brandt Louie$1.1 billion
44Alan Zekelman$1.1 billion
45N. Murray Edwards$1.0 billion

James Irving is 6th on the list with $5.4 billion. Huang Chulong holds the 7th spot with a whopping net worth of $5 billion, followed by Mark Scheinberg ($4.9 billion), Jim Pattison ($4.7 billion), and hip Wilson ($4.5 billion).

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Sophie Ireland
Sophie is the Research Editor at CEOWORLD magazine. She is based in the company’s New York office. Sophie has worked as a reputation advisor to nearly 250 global CEOs, 3,200 other C-Suite executives, and high net worth individuals for over 9 years. She joined CEOWORLD magazine as a Research Analyst, conducting comprehensive research using both open-source intelligence and premium resources, as well as enhanced due diligence, compliance, and risk assessment, and financial analysis and complex valuations. As a nonpartisan consultant to global business executives, business leaders, and think tanks, she focuses on economics and public policy issues. Her passion is explaining complex economic issues for the layman. She can be reached on email