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Canada Richest People In 2020

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Canada Richest People

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 Google
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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RCMP arrest second suspect in deadly shooting east of Calgary

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EDMONTON – RCMP say a second suspect has been arrested in the killing of an Alberta county worker.

Mounties say 28-year-old Elijah Strawberry was taken into custody Friday at a house on O’Chiese First Nation.

Colin Hough, a worker with Rocky View County, was shot and killed while on the job on a rural road east of Calgary on Aug. 6.

Another man who worked for Fortis Alberta was shot and wounded, and RCMP said the suspects fled in a Rocky View County work truck.

Police later arrested Arthur Wayne Penner, 35, and charged him with first-degree murder and attempted murder, and a warrant was issued for Strawberry’s arrest.

RCMP also said there was a $10,000 reward for information leading to the arrest of Strawberry, describing him as armed and dangerous.

Chief Supt. Roberta McKale, told a news conference in Edmonton that officers had received tips and information over the last few weeks.

“I don’t know of many members that when were stopped, fuelling up our vehicles, we weren’t keeping an eye out, looking for him,” she said.

But officers had been investigating other cases when they found Strawberry.

“Our investigators were in O’Chiese First Nation at a residence on another matter and the major crimes unit was there working another file and ended up locating him hiding in the residence,” McKale said.

While an investigation is still underway, RCMP say they’re confident both suspects in the case are in police custody.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

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26-year-old son is accused of his father’s murder on B.C.’s Sunshine Coast

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RICHMOND, B.C. – The Integrated Homicide Investigation Team says the 26-year-old son of a man found dead on British Columbia’s Sunshine Coast has been charged with his murder.

Police say 58-year-old Henry Doyle was found badly injured on a forest service road in Egmont last September and died of his injuries.

The homicide team took over when the BC Coroners Service said the man’s death was suspicious.

It says in a statement that the BC Prosecution Service has approved one count of first-degree murder against the man’s son, Jackson Doyle.

Police say the accused will remain in custody until at least his next court appearance.

The homicide team says investigators remained committed to solving the case with the help of the community of Egmont, the RCMP on the Sunshine Coast and in Richmond, and the Vancouver Police Department.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.



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Metro Vancouver’s HandyDART strike continues after talks break with no deal

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VANCOUVER – Mediated talks between the union representing HandyDART workers in Metro Vancouver and its employer, Transdev, have broken off without an agreement following 15 hours of talks.

Joe McCann, president of Amalgamated Transit Union Local 1724, says they stayed at the bargaining table with help from a mediator until 2 a.m. Friday and made “some progress.”

However, he says the union negotiators didn’t get an offer that they could recommend to the membership.

McCann says that in some ways they are close to an agreement, but in other areas they are “miles apart.”

About 600 employees of the door-to-door transit service for people who can’t navigate the conventional transit system have been on strike since last week, pausing service for all but essential medical trips.

McCann asks HandyDART users to be “patient,” since they are trying to get not only a fair contract for workers but also a better service for customers.

He says it’s unclear when the talks will resume, but he hopes next week at the latest.

The employer, Transdev, didn’t reply to an interview request before publication.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

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