As of January 24, 2023, David Thomson was the wealthiest man in Canada, with an estimated net worth of 53.4 billion U.S. dollars, followed by Changpeng Zhao (No. 2, $17.4 billion), Jim Pattison (No. 3, $11.1 billion); and Anthony Von Mandl (No. 4, $9.9 billion).
David Cheriton is the fifth-richest person in Canada, with a whopping $9.5 billion. Joseph Tsai ranked 6th with a personal wealth of $8.4 billion, followed by Chip Wilson with $6.1 billion. Alain Bouchard is placed 8th with a net worth of $5.9 billion. Mark Scheinberg ($5.3 billion) occupied the 9th position among the top 10 wealthiest people in Canada.
Canada’s richest people 2023 Linda Campbell – $8.4 billion
Bloomberg indicates that CEO World Linda Campbell has total assets of $8.4 billion ($6.69 billion). Campbell is the granddaughter of Roy Thomson. She was given the first Baron Thomson of Fleet because of his news and data business work. Her granddad got going with acquiring a solitary newspaper in Ontario called the Timmins Daily Press.
The noble at last extended his organization the nation over and even across the Atlantic Ocean to form Thomson Corporation. The Thomson Corporation was given to Roy Thomson’s three kids – Kenneth Roy, Phyllis Audrey and Irma Jacqueline – after his death. With her better half Elwood Campbell, Phyllis Audrey proceeded to have three kids of her own, one of whom was Linda Campbell.
As per Private Wealth Magazine, Campbell claims an 11% stake of the Thomson family’s fortune. Campbell is known for her humanitarian efforts. Along with her two sisters, she spent 30 million USD to make the Campbell Center for Addiction and Mental Health.
As indicated by Forbes, the Thompsons, on the whole, are valued at $62.95 billion (USD 50.3 billion).
Weston Family – $18.86 billion
FILE PHOTO: Chairman and President of George Weston Limited W. Galen Weston speaks during the company’s annual shareholders meeting in Toronto, May 12, 2011. REUTERS/Mark Blinch/File Photo
Everything got going with a bread roll and a fantasy that would change Canada’s food and make billions for a long time into the future. Today, George Weston established George Weston Limited, a bread kitchen business in Toronto, in 1882. The Times (UK) indicates that the Weston family is worth $18.86 billion (£11 billion).
His child, W. Garfield Weston, is regularly credited with expanding the organization’s reach after his dad’s death. He had the option to do that by buying more small pastry shops across Canada. After that, he extended the organization into Europe, Australia and Africa. He worked bakeries, yet in addition ventured into dairies and fisheries.
He had 9 kids, and it was W. Galen Weston that took over after the passing of his dad and kept on growing the business until his demise in April 2021. Today, his child Galen G. Weston is in charge and is the current director and CEO of George Weston Limited.
The organization runs over 200 organizations worldwide, yet it is still particularly known for its association in the food business in Canada. The family runs the country’s biggest supermarket chain, Loblaws. Notwithstanding their Canadian organizations, the family additionally manages tasks all over the planet. Remembering Selfridge’s for Britain, Brown Thomas in Ireland and de Bijenkorf in the Netherlands became one of Canada’s richest people in 2022.
Gaye Farncombe – $8.69 billion
Try not to allow the last name to trick you. Gaye Farncombe is one more individual from the Thomson family and owns a piece of the empire. As indicated by Bloomberg, the CEO of World, Gaye Farncombe, has total assets of $8.69 billion (USD 6.91 billion). Farncombe is one more granddaughter of the incomparable Canadian newspaper investor, Roy Thomson. Farncombe is the sister of extremely rich person Linda Campbell, one of Canada’s richest people in 2023.
Private Wealth magazine indicates that Farncombe likewise possesses 11% of Woodbridge’s trading company. The very rich person is married to furniture maker Murray Farncombe. Farncombe claimed the top-of-the-line furniture store, Murron’s Cabinetry, in Oakville, Ontario, and her better half and another accomplice.
The store was a much-cherished piece of the Oakville people group, complete with a mascot bear and a welcome board until it shut its doors in 2019. Farncombe is definitely less known than many of her rich siblings and cousins but adds to great efforts with her two sisters. The sisters have given millions to cancer research among different causes.
Taylor Thomson – $10.7 billion
Taylor Thomson is better known for superstar entertainer status than for her billions. As indicated by Bloomberg Business Index 2021, Thomson is valued at $10.7 billion ($8.53 billion). Regardless of that huge number, she isn’t the first, but the second, richest Canadian lady living in Toronto.
Taylor Thomson is the girl of Kenneth Thomson and sister to David and Peter Thomson. Like her siblings, she claims a 14% stake in her family’s investment organization. Born Lynne Thomson, she later changed her name to Taylor Thomson. The young, extremely rich person got through the legal defence test and filled in as an attorney before entering the world of acting.
Nobody would call her a star except she acted in a few TV series during the 1990s. Surprisingly, she showed up in a computer game. Nowadays, Taylor Thomson gives off an impression of being zeroing in on building her real estate portfolio with more than $ 120 million worth of real estate in California alone.
Peter Thomson – $10.7 billion
You’ll be seeing a couple of more individuals from the Thomson family before we’re through with this list. Peter Thomson is the co-seat of Woodbridge, which deals with the investments of the Thomson family. Bloomberg Billionaire Index indicates that Thomson is worth $10.7 billion ($8.53 billion) and claims a 14% stake in Woodbridge. Woodbridge manages interests in Thomson Reuters, Bell Media, the Globe and Mail and others.
Peter Thomson is no common, very rich person. He is likewise a rally race card driver. Thomson drives for Thomson Motorsport. Thomson is Kenneth Thomson’s child, the child of Thomson Corp. founder Roy Thomson. Peter is the lesser referred to as a child of Kenneth Thomson as his older sibling, David Thomson, turned into the organization’s face after the death of their dad.
Peter Thomson holds a bachelor’s degree from Western University. Peter and his wife, Diana Thomson, are known in the Toronto region for their generous efforts. For example, the donation of $5 million to Toronto East General Hospital for the making of a patient care community.
David Thomson – $10.7 billion
There may be an entire list of Canada’s richest people in 2023. Yet, only one of them can call himself a baron. As indicated by Forbes, David Thomson is the third Baron Thomson of Fleet and is worth $10.7 billion ($8.53 billion).
The title was first given to his granddad, Roy Thomson. Who began the Thomson Corporation by purchasing a solitary small community newspaper in Ontario. Thomson Corporation gained Reuters in 2008 to frame Thomson Reuters.
As per SEC documenting, the Thomson family’s financial administration firm, Woodbridge, has a 63.6% portion of Thomas Reuters Corp. He has additionally put resources into True North Entertainment. This organization possesses the Winnipeg Jets hockey group, and he claims real estate engineer Osmington.
David Thomson is notable in art circles and his gifts to the National Gallery of Ontario. One of his new commitments was to form the Canadian Photography Institute. For which he gave his private Origins of Photography collection.
Rogers Family – $11.57 billion
When quite a while in the past, radios gave the entertainment, and Edward Rogers Sr. created something that made those radios more reasonable. In this manner started the building of the wealth of the Rogers family. Canadian Business indicates that the Rogers family is worth $11.57 billion.
Edward Rogers Sr. planned one of the primary battery-less radios in Canada. He established the Rogers Vacuum Tube Company, which circulated those radios. He then, at that point, proceeded to form Toronto’s live radio broadcast CFRB (which is possessed by Bell Media today). Despite neglecting to assume control over his dad’s organization following his death. Ted Rogers set off to fabricate a telecom domain without any preparation by establishing Rogers Communications in 1960.
Today, Rogers Communications works in remote TV, web, communication, and media in numerous Canadian homes. Today, Ted’s child Edward S. Rogers III is the seat of Rogers Communications’ governing. His little girl, Melinda Rogers, is the vice-chair. Edward S. Rogers III is additionally the seat of Rogers Bank.
Rogers Corporation possesses a few significant games resources. Including a huge piece of Maple Leaf Sports, which owns many of Toronto’s influential games groups. Rogers owns the Toronto Blue Jays through – they were bought by Ted Rogers. Rogers stepped across Canada as the organization is associated with numerous generous efforts. These attempts incorporate youth programs in racialized networks and grant open doors.
Sherry Brydson – $17.3 billion
As indicated by Bloomberg, Sherry Brydson claims 23% of the Thomson family’s venture company, Woodbridge, earns an astounding $17.3 billion ($13.8 billion).
Her cousin, Dave Thomson, might be the face of the Thomson family out in public. However, Sherry Brydson is surely a strong voice in the Thomson family meeting room. Brydson’s efforts likewise go past Woodbridge through trading company Westerkirk Capital. Westerkirk oversees interests in accommodation, flight and media like Ontario’s Moose FM radio broadcasts. Besides these million-dollar investments, Brydson possesses a couple of independent companies in Toronto. Including Thai café Bangkok Garden and Elmwood Spa.
Brydson is notable outside of well-to-do circles for her ecological activism. As a matter of fact, her articles on pollution in the University of Toronto’s grounds newspaper are frequently credited with getting going Canada’s green development. The very rich person is additionally known for her work with ladies’ issues and the financial help of the YWCA.
TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.
The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.
Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.
Consolidated comparable sales were up 0.3 per cent.
On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.
The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.
The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.
Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.
Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.
On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.
The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
TORONTO – Thomson Reuters reported its third-quarter profit fell compared with a year ago as its revenue rose eight per cent.
The company, which keeps its books in U.S. dollars, says it earned US$301 million or 67 cents US per diluted share for the quarter ended Sept. 30. The result compared with a profit of US$367 million or 80 cents US per diluted share in the same quarter a year earlier.
Revenue for the quarter totalled US$1.72 billion, up from US$1.59 billion a year earlier.
In its outlook, Thomson Reuters says it now expects organic revenue growth of 7.0 per cent for its full year, up from earlier expectations for growth of 6.5 per cent.
On an adjusted basis, Thomson Reuters says it earned 80 cents US per share in its latest quarter, down from an adjusted profit of 82 cents US per share in the same quarter last year.
The average analyst estimate had been for a profit of 76 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
