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Richest People In Canada In 2020: Canadian Billionaires

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

RankNameNet worth (USD)Industry
1David Thomson and family$39.5 billionMedia
2Joseph Tsai$13.8 billionE-commerce
3Tobi Lutke$9.0 billionE-commerce
4Galen Weston and family$8.3 billionRetail
5David Cheriton$6.8 billionGoogle
6Huang Chulong$6.2 billionReal estate
7James Irving$6.1 billionDiversified
8Chip Wilson$5.5 billionLululemon
9Jim Pattison$5.4 billionDiversified
10Mark Scheinberg$4.9 billionOnline gambling
11Emanuele (Lino) Saputo and family$4.7 billionCheese
12Alain Bouchard$4.5 billionRetail
13Anthony von Mandl$4.4 billionAlcoholic beverages
14Peter Gilgan$4.1 billionHomebuilding
15Daryl Katz$3.5 billionPharmacies
16Arthur Irving$3.3 billionOil
17Garrett Camp$3.2 billionUber
18Jean Coutu and family$2.8 billionDrugstores
19Bob Gaglardi$2.7 billionHotels
20Lawrence Stroll$2.6 billionFashion investments
21Mitchell Goldhar$2.5 billionReal estate
22Robert Miller$2.4 billionElectronics components
23Charles Bronfman$2.3 billionLiquor
24Carlo Fidani$2.3 billionReal estate
25Jacques D'Amours$2.3 billionRetail
26Barry Zekelman$2.2 billionSteel
27Serge Godin$2.0 billionInformation technology
28Bruce Flatt$1.9 billionMoney management
29Pierre Karl Péladeau$1.8 billionMedia
30Peter Szulczewski$1.8 billionE-commerce
31Mark Leonard and family$1.7 billionSoftware
32Stephen Smith$1.7 billionFinance and investments
33Marcel Adams and family$1.6 billionReal estate
34Hal Jackman$1.6 billionInvestments
35Stephen Jarislowsky$1.6 billionMoney management
36Michael Lee-Chin$1.5 billionMutual funds
37Aldo Bensadoun$1.5 billionShoes
38Jack Cockwell$1.5 billionPrivate equity
39Clayton Zekelman$1.4 billionSteel
40Terence (Terry) Matthews$1.3 billionTelecom
41Gerald Schwartz$1.2 billionFinance
42Apoorva Mehta$1.2 billionGrocery delivery
43Brandt Louie$1.2 billionDrugstores
44Guy Laliberté$1.2 billionCirque du Soleil
45Alan Zekelman$1.1 billionSteel
46N. Murray Edwards$1.1 billionoil 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).

Have you read?
World’s Best CEOs.
Rich List Index (Top Billionaires).
World’s Most Powerful Passports.
World’s Top Global Wealth Management And Advisory Firms.
Best Websites For CEOs And Senior Executives.

Alexandra Dimitropoulou

Alexandra Dimitropoulou

VP and News Editor
Alexandra Dimitropoulou is a VP and News Editor at CEOWORLD magazine, working to build and strengthen the brand’s popular, consumer-friendly content. In addition to running the company’s website, CEOWORLD magazine, which aims to help CEOs, CFOs, CIOs, and other C-level executives get smarter about how they earn, save and spend their money, she also sits on the Board of Directors of the Global Business Policy Institute. She can be reached on email You can follow her on Twitter at @ceoworld.