In this article we discuss the 5 Richest People In Canada. If you want to read our detailed analysis of Canada’s richest people, go directly to 15 Richest People In Canada.
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5. Galen Weston
Net Worth: $8.5 billion
Galen Weston is the former chairman of George Weston Limited and Loblaw Companies. He also owns Brown Thomas group, Whittington Investment and Selfridges. Galen’s father expanded the family bakery into supermarkets, fisheries and frozen foods. Galen Weston bought Brown Thomas, a clothing store, and expanded it to 20 other stores.
Under Weston’s management, Lobalaw Companies became the most extensive chain of supermarkets in Canada. He also bought another Canadian retailer company called Holt Renfrew. In 1989, he built a resort in Florida.
Today, George Weston Limited is made up of 3 companies. Lobalaw Companies is one of the largest retailers of food in Canada. Their company Choice Properties is the leading Real Estate investment trust in Canada. Lastly, Weston Foods is the top producer of baked goods in North America and has operations in the United States. George Weston has a market capitalization of $11.5 billion.