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Canada’s richest people 2023

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Canada Richest People

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.

 

 

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CANADA BILLIONAIRES LIST  2023

  1. David Thomson & family: $53.4 billion
  2. Changpeng Zhao: $17.4 billion
  3. Jim Pattison: $11.1 billion
  4. Anthony Von Mandl: $9.9 billion
  5. David Cheriton: $9.5 billion
  6. Joseph Tsai: $8.4 billion
  7. Chip Wilson: $6.1 billion
  8. Alain Bouchard: $5.9 billion
  9. Mark Scheinberg: $5.3 billion
  10. Arthur Irving: $4.8 billion
  11. Emanuele (Lino) Saputo & family: $4.7 billion
  12. Bruce Flatt: $4.5 billion
  13. Daryl Katz: $4.2 billion
  14. Tobi Lutke: $4.0 billion
  15. Carlo Fidani: $3.9 billion
  16. James Irving: $3.9 billion
  17. Leonid Boguslavsky: $3.5 billion
  18. Barry Zekelman: $3.3 billion
  19. Jean Coutu & family: $3.2 billion
  20. Pan Dong: $3.1 billion
  21. Bob Gaglardi: $3.1  billion
  22. Peter Gilgan: $2.9 billion
  23. Jacques D’Amours: $2.9 billion
  24. Lawrence Stroll: $2.8 billion
  25. Mitchell Goldhar: $2.8 billion

 

Following are Canada‘s richest people 2023

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.

Canada’s richest people 2023

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FTX founder Bankman-Fried objects to tighter bail, says prosecutors 'sandbagged' him – Reuters

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NEW YORK, Jan 28 (Reuters) – Lawyers for Sam Bankman-Fried on Saturday urged a U.S. judge not to ban the indicted FTX cryptocurrency executive from communicating with former colleagues as part of his bail, saying prosecutors “sandbagged” the process to put their client in the “worst possible light.”

The lawyers were responding to a Friday night request by federal prosecutors that Bankman-Fried not be allowed to talk with most employees of FTX or his Alameda Research hedge fund without lawyers present, or use the encrypted messaging apps Signal or Slack and potentially delete messages automatically.

Bankman-Fried, 30, has been free on $250 million bond since pleading not guilty to charges of fraud in the looting of billions of dollars from the now-bankrupt FTX.

Prosecutors said their request was in response to Bankman-Fried’s recent effort to contact a potential witness against him, the general counsel of an FTX affiliate, and was needed to prevent witness tampering and other obstruction of justice.

But in a letter to U.S. District Judge Lewis Kaplan in Manhattan, Bankman-Fried’s lawyers said prosecutors sprung the “overbroad” bail conditions without revealing that both sides had been discussing bail over the last week.

“Rather than wait for any response from the defense, the government sandbagged the process, filing this letter at 6:00 p.m. on Friday evening,” Bankman-Fried’s lawyers wrote. “The government apparently believes that a one-sided presentation – spun to put our client in the worst possible light – is the best way to get the outcome it seeks.”

Bankman-Fried’s lawyers also said their client’s efforts to contact the general counsel and John Ray, installed as FTX’s chief executive during the bankruptcy, were attempts to offer “assistance” and not to interfere.

A spokesman for U.S. Attorney Damian Williams in Manhattan declined to comment.

Bankman-Fried’s lawyers proposed that their client have access to some colleagues, including his therapist, but not be allowed to talk with Caroline Ellison and Zixiao “Gary” Wang, who have pleaded guilty and are cooperating with prosecutors.

They said a Signal ban isn’t necessary because Bankman-Fried is not using the auto-delete feature, and concern he might is “unfounded.”

The lawyers also asked to remove a bail condition preventing Bankman-Fried from accessing FTX, Alameda or cryptocurrency assets, saying there was “no evidence” he was responsible for earlier alleged unauthorized transactions.

In an order on Saturday, Kaplan gave prosecutors until Monday to address Bankman-Fried’s concerns.

“The court expects all counsel to abstain from pejorative characterizations of the actions and motives of their adversaries,” the judge added.

Reporting by Jonathan Stempel in New York; Editing by Andrea Ricci

Our Standards: The Thomson Reuters Trust Principles.

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Gold declines in light of the report that revealed inflation continues to decline – Kitco NEWS

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As of 6:00 PM EST, the February contract of gold futures has fallen for the second time in the last seven trading days. Currently, gold futures are fixed at $1927.60, a decline of $2.40 or 0.12%. Gold traded to a high of $1935.40, and a low of $1916.50.

The key takeaway from today’s PCE inflation index report was that the core PCA index declined in December by 0.3%. The preferred inflation index used by the Federal Reserve was at 4.7% year-over-year in November and declined to 4.4% year-over-year last month.

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Both reports will influence decisions made by the Fed at next week’s FOMC meeting.

They will be critical components used by the Federal Reserve next week and will most likely strengthen the conviction of hawkish Fed officials to maintain their extremely aggressive monetary policy. Currently, the Federal Reserve’s forward guidance is composed of additional rate hikes and maintaining elevated rates for a longer time.

The most likely outcome is that the Fed will raise the rate by ¼% at the next two meetings. The Federal Reserve has stated they continue to work to reach its inflation target of 2%. A vast majority of market participants continue to believe that the Fed will backpedal on its commitment to keep rates elevated through 2023.

I will be speaking at the VRIC 2023 (Sunday, January 29-30) at the Vancouver Convention Center. Both Kitco News and I wish to welcome you if you’re available.

For those who would like more information simply use this link.

Wishing you as always good trading,

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Afraid to check a bag? Canada's missing baggage woes explained – CBC News

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Deborah Cleary was exasperated.

When she landed in Montreal on Dec. 19, following a trip to Italy, she discovered her suitcase was missing. More than a month later, Air Canada still hadn’t found her bag. 

“I’ve spent so much time thinking about it, worrying about it, checking online, calling Air Canada,” said Cleary from her home in Plattsburg, N.Y., on Tuesday. “I’m just sort of desperate to get my bag back.”

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The post-pandemic return to travel has been turbulent, plagued by mass flight disruptions and missing baggage piling up at airports. That has led to calls for airlines to improve their baggage delivery systems.

“It’s broken, so I think they need to fix that,” said Cleary, who visited the Montreal airport two weeks ago to search for her bag amidst a sea of unclaimed luggage. She didn’t find it.

However, following a CBC News inquiry to Air Canada, Cleary learned on Friday that her suitcase is being shipped to her home. 

“I’m very, very happy,” she said. “I had almost resigned myself, I was never going to see it again.”

Deborah Cleary and Dan Albert of Plattsburgh, NY pose for photo during their vacation to Italy.
Deborah Cleary and Dan Albert of Plattsburgh, N.Y., are still waiting to be reunited with their missing baggage that disappeared on their return flight from Milan to Montreal. (submitted by Deborah Cleary)

Canada’s first round of missing baggage chaos erupted in the summer, largely sparked by staffing shortages as airports and airlines scrambled to ramp up operations. 

There were high hopes the holiday travel season would go more smoothly — until severe winter storms hit much of Canada, causing hundreds of delayed and cancelled flights, plus a backlog of lost luggage.

“In the airline industry, a delay of greater than 15 minutes generally results in missed connections,” said former Air Canada executive Duncan Dee. “Delays equal missing bags.”

Former Air Canada executive, Duncan Dee.
Former Air Canada executive Duncan Dee says airports need more infastrucutre funding to keep operations running smoothly during bad weather. (CBC)

Dee said airlines need to do a better job keeping track of luggage, and the federal government also needs to invest more in airports.

In late December, cold weather caused a baggage belt to freeze at Toronto’s international airport; a fierce snow storm caused widespread flight delays and cancellations at Vancouver’s international airport.

“There’s obviously a need for better infrastructure, better resources for airports … to make them more resilient to these weather events,” said Dee.

What about the airlines?

When asked this week about recent travel chaos, Transport Minister Omar Alghabra said airports will get the tools they need, but did not elaborate. 

On the baggage issue, he pointed the finger at airlines. 

“I find it extremely frustrating when I hear stories of people not having their luggage for days on end,” he said during an event in Hamilton. “Airlines should be doing more.”

His comments follow several recent media reports about air passengers’ struggles to find their missing luggage

They include the saga of Nakita Rees and Tom Wilson of Cambridge, Ont., who battled with Air Canada for more than four months to retrieve Wilson’s missing suitcase. 

WATCH |Ontario couple told their luggage was lost — but it wasn’t: 

Air Canada said this couple’s luggage was lost. AirTags showed otherwise

5 days ago

Duration 2:18

A couple says Air Canada donated their luggage to charity just a month after it got lost en route to Toronto’s Pearson Airport. They tracked it to a storage locker.

The bag vanished during their flight home from Greece in September. Because the couple had put an air tag tracker inside the suitcase, they were able to track its journey to a storage facility in nearby Etobicoke, Ont. 

Even though Rees shared with Air Canada the whereabouts of the bag, the airline deemed it lost. 

“The most frustrating thing about it was we had no way of getting it, even though we knew the location and we told the airline so many times,” said Rees. “Because the air tags are newer, I just don’t think airlines know how to even use that information.”

The couple finally got the suitcase back this week — after their story was picked up by the media.

Airlines respond

Other passengers have also complained about similar experiences when tracking their lost luggage with air tags. 

Former Air Canada executive Dee said airlines typically track luggage by scanning their baggage tags and that their systems currently can’t accommodate air tracking technology.

“That’s something where airline processes have not caught up to the technology that’s available,” he said. “No airline in the world has the ability right now to accept information from travellers.”

Alghabra suggested airlines need to change with the times. 

“We hear about how Amazon is able to identify where their items [are at] every moment,” he said. “It’s frustrating that airlines still have not modernized their luggage handling system.”

Air Canada told CBC News it’s constantly exploring new technologies. The airline added that its baggage delivery rate has returned to normal, following the stormy holiday weather. 

Air Canada said that in Rees’ case, the baggage tag had fallen off the suitcase. The airline didn’t say how it eventually located the couple’s bag, but did indicate that they get to keep the $2,300 in compensation they received for lost luggage. 

WestJet said it has launched a strategic review to fine-tune its baggage systems. “[We] are committed to working together with our third-party service partners … to ensure we improve in this area,” said spokesperson Madison Kruger in an email. 

Baggage compensation

Travellers can claim up to approximately $2,350 for luggage that is lost or delayed on an international flight. For delayed baggage on domestic flights, the airlines design their own rules. 

Alghabra’s office told CBC News this week the government is exploring ways to strengthen rights for air passengers, including for delayed and lost baggage.

As for passenger Cleary, she had applied for compensation for a lost bag, but said getting it back is a better outcome. 

“I would much prefer to have my bag back than any money from Air Canada.”

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