According to data from March 12, 2020, there are 43 Canadian billionaires. The billionaires in Canada are almost all men, although Sherry Brydson is one of the richest women in the country among those 43 Canadians.

Last year, the consolidated wealth of the top 10 richest Canadians scored a new record of $96.4 billion.

Or it can be said like, that the number of billionaires in Canada has increased to double throughout the past decade, as large Canadian businesses have grown and become even more profitable and as technology has provided growth to successful startup enterprises.

Here we listed the top 10 richest people in Canada,

David Thomson and family

• Net worth: $35.1 billion
• Source of wealth: media
• Residence: Toronto
• Age: 63

Thomson Reuters had the sort of year that should have flourished Thomson’s luck, with the increasing operating profits of 60% in 2019. David Kenneth Roy Thomson 3rd Baron Thomson of Fleet is a Canadian hereditary peer and media financier. 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 Thomson family possesses The Globe and Mail newspaper and has a stake in Bell Canada, a telecom company. Thomson also is a part-owner of the National Hockey League’s Winnipeg Jets, and his family has a minority stake in the Montreal Canadiens.

Joseph Tsai

• Net worth: $12.9 billion
• Source of wealth: e-commerce
• Residence: Hong Kong (citizen of Canada)
• Age: 56

The Alibaba co-founder and Brooklyn Nets owner endures the e-commerce site’s second-largest shareholder with a 2% stake. Joseph Chung-Hsin Tsai is a Taiwanese-born Canadian billionaire businessman and philanthropist. Joseph Tsai is a co-founder of Alibaba Group Holding Ltd. which is a Chinese-based internet company and he has contributed more than 20 years with the business, working as CFO and executive vice-chairman of the board of the company. Tsai owns the Brooklyn Nets; the New York Liberty, a Women’s National Basketball Association team; and the San Diego Seals, a professional indoor lacrosse team. He also is the chairman of J Tsai Sports, which has financed various sports media and technology companies.

Galen Weston and family

• Net worth: $8.2 billion
• Source of wealth: retail
• Residence: Toronto
• Age: 80

Willard Gordon Galen Weston is a British-Canadian philanthropist and businessman as well as Chairman Emeritus of George Weston Limited which is a leading food processing and distribution company. In 1984, Galen Weston established the President’s Choice brands, and by 1994 the company had 800 products traded in the United States and Canada. Weston got various other brands, such as Holt Renfrew, and by 1998, his holding company George Weston Ltd. had earned $12 billion. George Weston Ltd. would go on to take many other businesses, including Florida’s Orchid Island resort, Stroehmann Bakeries, Bestfoods Inc., Loblaw Companies Ltd., and Selfridges.

Weston was the third-generation head of George Weston, the Canadian food and retail giant established by his grandfather in 1882. His son now manages the company.

David Cheriton

• Net worth: $7.1 billion
• Source of wealth: Google
• Residence: Palo Alto, Calif. (citizen of Canada)
• Age: 69

David Cheriton was among the first sponsor investors in Google LLC, where he mentored Larry Page and Sergey Brin and is the founder and CEO of Apstra which is a company that automates the layout and operations of data centers. Cheriton also financed in VMWare Inc. and Arista Networks and founded Granite Systems, which was purchased by Cisco Systems in 1996, and Kealia Inc., which was purchased by Sun Microsystems Inc. in 2004. A Stanford emeritus professor of computer science, Cheriton did an initial investment in Google, which was established by two hard-working Stanford graduate students. Cheriton has co-founded three computer networking companies, including Arista Networks.

James Irving

• Net worth: $5.7 billion
•  Source of wealth: diversified
•  Residence: Saint John, New Brunswick
•  Age: 92

James Irving is the owner of J.D. Irving Ltd which is a sprawling business with more than two dozen companies including in retail, transportation, and frozen foods, amongst many others. The wealth of his family led him by two generations, with his father developing the Irvings’ assets even more by growing into oil operations with Irving Oil Ltd. That company is controlled by his brother Arthur Irving, but the two reportedly do not speak.

Irving’s wood and forestry work have planted more than a billion trees since 1957, and the company possesses the world record for the most trees planted which is 53,000 in an hour.

Huang Chulong

• Net worth: $5.6 billion
• Source of wealth: real estate
• Residence: Shenzhen, China (citizen of Canada)
• Age: 62

A Canadian national who resides in China, Huang is the most significant gainer of Canada, with a $2 billion net worth rise since last year. His privately held Galaxy Group has grown more than 538 million square feet of real estate in China. Huang Chulong gained his fortune through Galaxy Holding Group, a Chinese-based private real estate developer, and at 62, he is now amongst the top 1,000 richest people in the world. The company has been thriving for 32 years and helps real estate development, hotel management, business operations, urban renewal, finance, and investment.

Jim Pattison

• Net worth: $5.2 billion
•  Source of wealth: diversified
•  Residence: Vancouver, British Columbia
•  Age: 92

Jim Pattison is the founder of The Jim Pattison Group, which is the largest business conglomerate that has investments in a diversity of sectors, such as grocery store chains and the automotive industry. The business is the second-largest privately owned company in Canada. With 45,000 workers and $10 billion in profits in 2017.

Pattison runs the Jim Pattison Children’s Hospital Foundation and in 2018 granted more than $100 million to hospitals in Vancouver and in Saskatoon, Saskatchewan, where he was born.

Chip Wilson

• Net worth: $5.2 billion
• Source of wealth: Lululemon
• Residence: Vancouver, British Columbia
• Age: 64

Dennis J. Chip Wilson is a Canadian billionaire, philanthropist, and businessman who has established numerous retail garments companies, most prominently yoga-inspired athletic clothes company Lululemon Athletica Inc. and Westbeach Snowboard. He has been rated one of the leaders in the “athleisure” industry, which he was encouraged to dive deeper into after he attended his first yoga class at the age of 42. Although he was turned down from the board of Lululemon in 2015, he still is the fourth-largest shareholder of the company. Lululemon has 140 stores outside of the United States.

Mark Scheinberg

• Net worth: $4.9 billion
• Source of wealth: online gambling
• Residence: Isle of Man (citizen of Canada)
• Age: 47

Mark Scheinberg was born in Israel but migrated to a neighborhood of Toronto when he was in his youth. At 28, Scheinberg cofounded PokerStars with his father Isai in 2001.  Scheinberg and his father, Isai, established PokerStars, an online gaming site, in 2001. Mark, who already held 75% of the firm, cashed out in 2014, pocketing more than $3 billion in the process.

The company would grow into the most prominent online poker company until the Scheinbergs sold it in 2014.

Scheinberg grossed more than $3 billion from the sale and used some of that money to spend on restoring historic buildings in Madrid for private and business purposes.

Emanuele (Lino) Saputo and Family

• Net worth: $4.3 billion
• Source of wealth: cheese
• Residence: Quebec City
• Age: 84

Saputo Inc. was established in Montreal 65 years ago by Giuseppe Saputo, and is one of the best three cheesemakers in the United States, the best dairy processor in Australia; and the largest producer of branded cheese in the United Kingdom. The whole Saputo family is supposed to be worth $10.2 billion which is among the top 10 wealthiest in Canada. Today, Saputo Inc. is managed by Lino Saputo Jr., who was elected Canada’s Outstanding CEO of the Yearin 2019 and is also the founder of Quartexx Management which is an agency that represents hockey players.

We hope our research on the latest top 10 richest people in Canada will motivate you in your business career. If you have any questions feel free to ask anything.