30 Wealthiest People in Canada

Published on April 29, 2024 at 4:55 pm by Meerub Anjum in Business, Economy, Lists, News

In this article, we will look into the 30 wealthiest people in Canada. If you want to skip our detailed analysis of the Canadian economy, you can go directly to the 5 Wealthiest People in Canada.

Canadian Economy: An Outlook

According to the Economic and Fiscal Overview by the Canadian government, Canada’s economy is surpassing expectations. Inflation in the country has dropped to 2.8% in February 2024, from 8.1% in June 2022. As of 2024, Canada boasts a gross domestic product of $2.24 trillion, according to the IMF. The labor market of the country remains strong, with 1.1 million more Canadians employed compared to pre-pandemic levels. Moreover, real wages in Canada have also increased, providing Canadians with higher purchasing power. The economic growth for 2024 is on track, with the economy growing at an annualized rate of 3.5%, as of the first quarter.

Billionaires in Canada and Wealth Disparity

Canada is one of the richest countries in the world by GDP per capita in 2024. As of 2024, Canada boasts a GDP per capita of $54,870. The country is also home to some of the richest people in the world. As of 2024, Canada is one of the top countries with the highest number of billionaires, boasting 57 billionaires. This year, the country’s billionaires’ net worth increased to $315 billion from $245 billion in 2023, as reported by Forbes.

While having wealth and billionaires in a country can bring in increased innovation and investments, it is important to note the other implications of wealth concentration by one group in a country. A report by Oxfam Canada states that the wealth of billionaires has grown by a staggering 51% in Canada since the pandemic. This led to an acceleration in the trend driving the unequal wealth distribution in the country over the past decade. In the past 10 years, the richest have gained $34 for every $100 created, whereas only $5 has gone to the bottom 50% of the country. The wealthiest in Canada have accumulated wealth nearly 7 times more than the bottom 50% over the past decade.

On April 17, AP News reported that Justin Trudeau’s government has announced that as a part of its federal budget, it is levying higher taxes on the richest Canadians. The taxable portion of capital gains above $181,000 would increase from half to two-thirds. The tax hike will only affect the 0.1% richest Canadians and raise approximately $14.5 billion in revenue over the course of 5 years. The federal budget commits $38 billion in new spending, targeted toward economic justice for younger generations. You can also look at 10 Countries with No Income Taxes in the World.

Major Corporations and Businesses in Canada

Some of the biggest companies in Canada, driving economic growth, include Thomson Reuters Corporation (NYSE:TRI), Suncor Energy Inc. (NYSE:SU), and Royal Bank of Canada (NYSE:RY). Let’s discuss them in detail below.

Thomson Reuters Corporation (NYSE:TRI) is a leading information conglomerate, providing business information services all around the world. It operates across segments including legal, corporate, tax, news, and global print. On April 24, the company announced that it is expanding its generative AI capabilities with the launch of a tax research solution, Checkpoint Edge, with CoCounsel. Built on Amazon Web Services, it will provide a generative AI assistant to tax professionals, aiding them in complex research questions and promoting time optimization.

Suncor Energy Inc. (NYSE:SU) is a leading energy company in Canada, engaged in oil sands exploration, production, refining, and marketing. On March 7, the company announced that it has signed a memorandum of understanding (MoU) with Fort McKay First Nation for the development of a prospective oil sands lease on Fort McKay reserve lands. Suncor Energy Inc. (NYSE:SU) is currently in the initial stage of technical and commercial feasibility assessments, under the MoU, to examine the quantity and quality of recoverable mineable ore.

Royal Bank of Canada (NYSE:RY) is one of the largest banks in Canada. It specializes in home equity financing, personal lending, private banking, and self-directed brokerage services, among others. On March 28, the company acquired the HSBC Bank Canada. The company announced the acquisition in December 2023 and has now taken charge of all of the bank’s Canadian operations, as of April 1. This transaction will add 4,500 employees and 780,000 to Royal Bank of Canada’s (NYSE:RY) portfolio and strengthen its domestic business and position in the global market.

With this context, let’s have a look at the 30 wealthiest people in Canada.

Methodology

We have created a list of the 30 wealthiest people in Canada, by utilizing the real time billionaire index of Forbes. The wealthiest people in Canada appear in ascending order of their net worth on our list, as of April 28.

30 Wealthiest People in Canada

30. Serge Godin

Net Worth (2024): $2.9 billion

Serge Godin is ranked among the wealthiest people in Canada. He is the chairman of the leading technology company in Canada, CGI Inc. (NYSE:GIB). As of April 28, he has a net worth of $2.9 billion.

29. Jean Coutu & family

Net Worth (2024): $3.2 billion

Jean Coutu founded the drugstore chain called Jean Coutho Group. In 2017 he sold the company to a European Supermarket giant Metro for $4.5 billion in cash. As of April 28, he has a net worth of $3.2 billion.

28. Ryan Cohen

Net Worth (2024): $3.3 billion

Ryan Cohen is the former CEO of Chewy, a leading online pet supply store. The business cofounded by Cohen, was later sold to PetSmart for $3.4 billion in 2017. In 2020, Cohen bought a 13% stake in GameStop and in January 2021, he joined the company as a board member.

27. Barry Zekelman

Net Worth (2024): $3.4 billion

Barry Zekelman took charge of his family’s still business at the age of 19 and has grown it into one of the largest steel pipe makers in America. He is ranked 27th on our list of the wealthiest people in Canada and has a net worth of $3.4 billion.

26. N. Murray Edwards

Net Worth (2024): $3.4 billion

N. Murray Edwards has earned his fortune from his shares in Canadian Oil and mining companies one of his largest Investments includes oil sands miner Canadian Natural Resources Limited (NYSE:CNQ), aerospace Farm Magellan, and NHL’s Calgary Flames. His net worth is $3.4 billion, as of April 28.

25. Michael Latifi

Net Worth (2024): $3.4 billion

Michael Latifi is the owner and founder of a meat processing giant in Canada, Sofina Foods. He also owns a 10% share in McLaren’s Formula 1 team. He has a net worth of $3.4 billion as of April 28.

24. Jacques D’Amours

Net Worth (2024): $3.6 billion

Jacques D’Amours is the co-founder of a convenience store conglomerate in Canada, Alimentation Couche-Tard Inc (OTC:ANCTF). He founded the company in 1980 and retired as a VP of administration in 2014. However, he is the second largest shareholder of Alimentation Couche-Tard Inc (OTC:ANCTF) and is also a part of its board.

23. Bruce Flatt

Net Worth (2024): $3.6 billion

Bruce Flatt is one of the richest people in Canada. He is the CEO of the leading financial company, Brookfield Asset Management Ltd. (NYSE:BAM). His company is responsible for managing $900 billion in assets. As of April 28, his net worth is $3.6 billion.

22. Bob Gaglardi

Net Worth (2024): $3.8 billion

Bob Gaglardi is the founder of Northland Properties, which develops hotels, restaurants, and other properties. He is the 22nd wealthiest person in Canada and has a net worth of $3.8 billion as of April 28.

21. Lawrence Stroll

Net Worth (2024): $3.9 billion

Lawrence Stroll is the executive chairman of Aston Martin and is also the owner of its F1 team. He is ranked among the wealthiest people in Canada, with a net worth of $3.9 billion.

20. Mark Leonard & family

Net Worth (2024): $4.1 billion

Mark Leonard founded the leading tech company, Constellation Software Inc. (OTC:CNSWF) in 1955. He is working as its president and has a net worth of $4.1 billion.

19. Emanuele (Lino) Saputo & family

Net Worth (2024): $4.2 billion

Emanuele (Lino) Saputo was the chairman of its family’s dairy company from 1969 to 2017. In August 2017, he retired and was succeeded by his son as the chairman. As of April 28, Emanuele (Lino) Saputo & family has a net worth of $4.2 billion.

18. Stephen Smith

Net Worth (2024): $4.4 billion

Stephen Smith is the executive chairman and founder of First National Corporation (NASDAQ:FXNC), a mortgage company in Canada. He also has stakes in other companies in the finance sector. As of April 28, his net worth is $4.4 billion.

17. Carlo Fidani

Net Worth (2024): $4.7 billion

Carlo Fidani is the chairman of the Toronto-based real estate company, Orlando Corporation. The company manages around 46 million square feet of office, industrial, and commercial space. His net worth is valued at $4.7 billion, as of April 28.

16. Garrett Camp

Net Worth (2024): $4.7 billion

Garrett Camp was the co-founder of the ride-hailing company, Uber Technologies, Inc. (NYSE:UBER) with Travis Kalanick in 2009. Now, he owns a 4% share in the company. As of April 28, his net worth is $4.7 billion.

15. Daryl Katz

Net Worth (2024): $4.9 billion

Daryl Katz raised a fortune in the pharmacy market. In 1991, he bought the rights to the US franchise, Medicine Shoppe. He also expanded the drugstore chain Rexall to the US. Later, he sold his pharmacy business and shifted to real estate and entertainment. His net worth is $4.9 billion, as of April 28.

14. Leonid Boguslavsky

Net Worth (2024): $5.0 billion

Leonid Boguslavsky is a USSR-born Canadian businessman and venture capitalist investor. He owns the venture capital firm, RTP Global. His net worth is valued at $5 billion, as of April 28.

13. Peter Gilgan

Net Worth (2024): $5.3 billion

Peter Gilgan founded Mattamy Homes in 1987, and has built over 100,000 homes since then. He is ranked among the wealthiest people in Canada with a net worth of $5.3 billion, as of April 28.

12. James Irving

Net Worth (2024): $5.5 billion

James Irving owns the leading conglomerate, J.D. Irving, which owns more than 24 companies in retail, transportation, shipbuilding, and frozen foods, among others. He is the 12th wealthiest person in Canada with a net worth of $5.5 billion, as of April 28.

11. Mark Scheinberg

Net Worth (2024): $5.6 billion

Mark Scheinberg cofounded the online poker company, PokerStars with his father. The company cashed out in 2014 and Scheinberg got more than $3 billion from its sale, as he owned 75% shares in its parent company at the time. He is ranked 11th on our list.

10. Chip Wilson

Net Worth (2024): $5.9 billion

Chip Wilson founded the company, Lulumelon in 2000 and has worked as its CEO. The company started from a single store and became public in 2007. However, Wilson resigned in 2013 and left the business in 2015. As of April 28, his net worth is $5.9 billion.

9. Tobi Lutke

Net Worth (2024): $6.5 billion

Tobi Luke is the CEO and co-founder of the e-commerce firm, Shopify Inc. (NYSE:SHOP). He owns nearly 6% of shares in the company. He has a net worth of $6.5 billion, as of April 28.

8. Arthur Irving

Net Worth (2024): $6.6 billion

Arthur Irving owns the leading gas stations and oil refinery company, Irving Oil. As of April 28, he has a net worth of $6.6 billion, and is one of the wealthiest people in Canada.

7. Alain Bouchard

Net Worth (2024): $7.4 billion

Alain Bouchard is a cofounder of the convenience store company, Alimentation Couche-Tard Inc (OTC:ANCTF). He is the executive chairman and oversees the company, which owns more than 14,000 stores. His net worth is $7.4 billion.

6. Anthony von Mandl

Net Worth (2024): $7.4 billion

Anthony von Mandl is ranked 6th on our list of the wealthiest people in Canada. He launched the read-to-drink alcohol beverage, White Claw Hard Seltzer and Mike’s Hard Lemonade, through Mark Anthony Brands. His company has generated over $3.5 billion in revenue in 2023, according to Forbes. As of April 28, he has a net worth of $7.4 billion.

Click to continue reading and see the 5 Wealthiest People in Canada.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on May 7, 2025 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

The AI infrastructure supercycle
The onshoring boom driven by Trump-era tariffs
A surge in U.S. LNG exports
And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

Access to our Detailed Report on our AI, Tariffs, and Nuclear Energy Stock with 100+% potential upside within 12 to 24 months
BONUS REPORT on our #1 AI-Robotics Stock with 10000% upside potential: Our in-depth report dives deep into our #1 AI/robotics stock’s groundbreaking technology and massive growth potential.
One New Issue of Our Premium Readership Newsletter: You will also receive one new issue per month and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.
One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149
Bonus Content: Premium access to members-only fund manager video interviews
Ad-Free Browsing: Enjoy a month of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Price Guarantee: Your renewal rate will always remain the same as long as your subscription is active.
30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

Insider Monkey Ads

A New Dawn is Coming to U.S. Stocks

Published on January 7, 2025 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Premium

Log In

Sign Up

30 Wealthiest People in Canada

Published on April 29, 2024 at 4:55 pm by Meerub Anjum in Business, Economy, Lists, News

Share

Canadian Economy: An Outlook

Billionaires in Canada and Wealth Disparity

Major Corporations and Businesses in Canada

30 Wealthiest People in Canada

30. Serge Godin

29. Jean Coutu & family

28. Ryan Cohen

27. Barry Zekelman

26. N. Murray Edwards

25. Michael Latifi

24. Jacques D’Amours

23. Bruce Flatt

22. Bob Gaglardi

21. Lawrence Stroll

20. Mark Leonard & family

19. Emanuele (Lino) Saputo & family

18. Stephen Smith

17. Carlo Fidani

16. Garrett Camp

15. Daryl Katz

14. Leonid Boguslavsky

13. Peter Gilgan

12. James Irving

11. Mark Scheinberg

10. Chip Wilson

9. Tobi Lutke

8. Arthur Irving

7. Alain Bouchard

6. Anthony von Mandl

Share

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on May 7, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

A New Dawn is Coming to U.S. Stocks

Published on January 7, 2025 at by Insider Monkey Staff