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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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A linebacker at West Virginia State is fatally shot on the eve of a game against his old school

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CHARLESTON, W.Va. (AP) — A linebacker at Division II West Virginia State was fatally shot during what the university said Thursday is being investigated by police as a home invasion.

The body of Jyilek Zyiare Harrington, 21, of Charlotte, North Carolina, was found inside an apartment Wednesday night in Charleston, police Lt. Tony Hazelett said in a statement.

Hazelett said several gunshots were fired during a disturbance in a hallway and inside the apartment. The statement said Harrington had multiple gunshot wounds and was pronounced dead at the scene. Police said they had no information on a possible suspect.

West Virginia State said counselors were available to students and faculty on campus.

“Our thoughts and prayers are with Jyilek’s family as they mourn the loss of this incredible young man,” West Virginia State President Ericke S. Cage said in a letter to students and faculty.

Harrington, a senior, had eight total tackles, including a sack, in a 27-24 win at Barton College last week.

“Jyilek truly embodied what it means to be a student-athlete and was a leader not only on campus but in the community,” West Virginia State Vice President of Intercollegiate Athletics Nate Burton said. “Jyilek was a young man that, during Christmas, would create a GoFundMe to help less fortunate families.”

Burton said donations to a fund established by the athletic department in Harrington’s memory will be distributed to an organization in Charlotte to continue his charity work.

West Virginia State’s home opener against Carson-Newman, originally scheduled for Thursday night, has been rescheduled to Friday, and a private vigil involving both teams was set for Thursday night. Harrington previously attended Carson-Newman, where he made seven tackles in six games last season. He began his college career at Division II Erskine College.

“Carson-Newman joins West Virginia State in mourning the untimely passing of former student-athlete Jyilek Harrington,” Carson-Newman Vice President of Athletics Matt Pope said in a statement. “The Harrington family and the Yellow Jackets’ campus community is in our prayers. News like this is sad to hear anytime, but today it feels worse with two teams who knew him coming together to play.”

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AP college football: and

The Canadian Press. All rights reserved.

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Hall of Famer Joe Schmidt, who helped Detroit Lions win 2 NFL titles, dies at 92

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DETROIT (AP) — Joe Schmidt, the Hall of Fame linebacker who helped the Detroit Lions win NFL championships in 1953 and 1957 and later coached the team, has died. He was 92.

The Lions said family informed the team Schmidt died Wednesday. A cause of death was not provided.

One of pro football’s first great middle linebackers, Schmidt played his entire NFL career with the Lions from 1953-65. An eight-time All-Pro, he was enshrined into the Pro Football Hall of Fame in 1973 and the college football version in 2000.

“Joe likes to say that at one point in his career, he was 6-3, but he had tackled so many fullbacks that it drove his neck into his shoulders and now he is 6-foot,” said the late Lions owner William Clay Ford, Schmidt’s presenter at his Hall of Fame induction in 1973. “At any rate, he was listed at 6-feet and as I say was marginal for that position. There are, however, qualities that certainly scouts or anybody who is drafting a ballplayer cannot measure.”

Born in Pittsburgh, Schmidt played college football in his hometown at Pitt, beginning his stint there as a fullback and guard before coach Len Casanova switched him to linebacker.

“Pitt provided me with the opportunity to do what I’ve wanted to do, and further myself through my athletic abilities,” Schmidt said. “Everything I have stemmed from that opportunity.”

Schmidt dealt with injuries throughout his college career and was drafted by the Lions in the seventh round in 1953. As defenses evolved in that era, Schmidt’s speed, savvy and tackling ability made him a valuable part of some of the franchise’s greatest teams.

Schmidt was elected to the Pro Bowl 10 straight years from 1955-64, and after his arrival, the Lions won the last two of their three NFL titles in the 1950s.

In a 1957 playoff game at San Francisco, the Lions trailed 27-7 in the third quarter before rallying to win 31-27. That was the NFL’s largest comeback in postseason history until Buffalo rallied from a 32-point deficit to beat Houston in 1993.

“We just decided to go after them, blitz them almost every down,” Schmidt recalled. “We had nothing to lose. When you’re up against it, you let both barrels fly.”

Schmidt became an assistant coach after wrapping up his career as a player. He was Detroit’s head coach from 1967-72, going 43-35-7.

Schmidt was part of the NFL’s All-Time Team revealed in 2019 to celebrate the league’s centennial season. Of course, he’d gone into the Hall of Fame 46 years earlier.

Not bad for an undersized seventh-round draft pick.

“It was a dream of mine to play football,” Schmidt told the Detroit Free Press in 2017. “I had so many people tell me that I was too small. That I couldn’t play. I had so many negative people say negative things about me … that it makes you feel good inside. I said, ‘OK, I’ll prove it to you.’”

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Coastal GasLink fined $590K by B.C. environment office over pipeline build

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VICTORIA – British Columbia‘s Environment Assessment Office has fined Coastal GasLink Pipeline Ltd. $590,000 for “deficiencies” in the construction of its pipeline crossing the province.

The office says in a statement that 10 administrative penalties have been levied against the company for non-compliance with requirements of its environmental assessment certificate.

It says the fines come after problems with erosion and sediment control measures were identified by enforcement officers along the pipeline route across northern B.C. in April and May 2023.

The office says that the latest financial penalties reflect its escalation of enforcement due to repeated non-compliance of its requirements.

Four previous penalties have been issued for failing to control erosion and sediment valued at almost $800,000, while a fifth fine of $6,000 was handed out for providing false or misleading information.

The office says it prioritized its inspections along the 670-kilometre route by air and ground as a result of the continued concerns, leading to 59 warnings and 13 stop-work orders along the pipeline that has now been completed.

This report by The Canadian Press was first published Sept. 12, 2024.

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