Top 10 Wealthiest People in Canada 2023 (Updated)

Top 10 Wealthiest People in Canada 2023 (Updated)

Posted by

Top 100 richest families in Canada 2023

Canada, known for its breathtaking landscapes, multiculturalism, and thriving economy, is home to a remarkable group of individuals who have amassed immense wealth and influence. These individuals have not only made a profound impact on Canada’s economic landscape but have also left an indelible mark on various industries globally. In this exploration, we delve into the lives of some of the wealthiest people in Canada, witnessing their rise to prominence, their entrepreneurial ventures, and the profound contributions they have made to society.

As we embark on this journey, it becomes evident that wealth in Canada is not confined to a single sector. Our list of the wealthiest people encompasses a diverse array of industries, including technology, finance, real estate, natural resources, and entertainment, among others. These individuals have exemplified exceptional business acumen, resilience, and innovation, enabling them to thrive in the face of challenges and transform their visions into reality.

Beyond their financial success, these remarkable individuals have also embraced philanthropy, using their resources and influence to make a positive difference in society. From funding education and healthcare initiatives to championing environmental causes and supporting various charitable organizations, their philanthropic efforts have touched the lives of countless Canadians and beyond.

Moreover, the influence of Canada’s wealthiest individuals extends far beyond the borders of their home country. Many have forged international partnerships, expanded their businesses globally, and become prominent figures in the international business community. Through their entrepreneurial endeavors, they have not only brought acclaim to Canada but have also helped to shape the global economic landscape.

While the individuals on our list represent unparalleled success and affluence, their stories also serve as an inspiration to aspiring entrepreneurs and individuals seeking to make a difference. Their journeys are a testament to the possibilities that lie within the Canadian business landscape and the potential for anyone to achieve great success through determination, hard work, and unwavering dedication.

Join us as we embark on this captivating exploration of the wealthiest people in Canada, unraveling the stories of visionaries who have left an indelible mark on the nation’s economy, society, and beyond. Through their extraordinary accomplishments, they have not only attained vast fortunes but have also become pillars of inspiration, embodying the Canadian spirit of innovation, resilience, and generosity.

Top 10 Wealthiest People in Canada 2023

  • David Thomson & family: $55.9 billion
  • David Cheriton: $10.7 billion
  • Changpeng Zhao: $10.5 billion
  • Jim Pattison: $10.0 billion
  • Anthony Von Mandl: $9.6 billion
  • Joseph Tsai: $7.7 billion
  • Alain Bouchard: $6.3 billion
  • Tobi Lutke: $5.9 billion
  • Chip Wilson: $5.7 billion
  • James Irving: $5.7 billionTop 100 richest families in Canada 2023

1. David Thomson & family

With a net worth of $55.9 billion, David Thomson is one of Canada’s wealthiest individuals. He is the chairman of Thomson Reuters, a global media and information conglomerate. The Thomson family’s wealth can be attributed to their ownership stake in Thomson Reuters, as well as their investments in various industries, including telecommunications, energy, and real estate.

2. David Cheriton

Known for his significant contributions to the tech industry, David Cheriton has amassed a net worth of $10.7 billion. He is a computer science professor at Stanford University and one of the earliest investors in Google. Cheriton’s investments in technology startups, including Arista Networks and Apstra, have played a vital role in his wealth accumulation.

3. Changpeng Zhao

Also referred to as CZ, Changpeng Zhao is a prominent figure in the cryptocurrency industry. He is the founder and CEO of Binance, one of the largest cryptocurrency exchanges globally. With a net worth of $10.5 billion, CZ has played a pivotal role in the growth and development of the crypto ecosystem, offering innovative solutions for traders and investors worldwide.

4. Jim Pattison

Jim Pattison, with a net worth of $10.0 billion, is a Canadian business magnate and entrepreneur. His conglomerate, the Jim Pattison Group, encompasses a diverse portfolio of businesses spanning industries such as automotive, media, entertainment, food, and real estate. Pattison’s entrepreneurial prowess and strategic investments have propelled him to great financial success.

5. Anthony Von Mandl

Anthony Von Mandl is a Canadian entrepreneur known for his success in the beverage industry. He is the founder and CEO of Mark Anthony Group, a leading alcoholic beverage company that produces popular brands such as White Claw Hard Seltzer and Mike’s Hard Lemonade. With a net worth of $9.6 billion, Von Mandl has revolutionized the alcoholic beverage market and achieved remarkable financial success.

6. Joseph Tsai

Co-founder and executive vice chairman of Alibaba Group, Joseph Tsai has a net worth of $7.7 billion. Alibaba, a multinational conglomerate specializing in e-commerce, technology, and artificial intelligence, has played a significant role in revolutionizing online retail in China and beyond. Tsai’s business acumen and strategic investments have contributed to his substantial wealth.

7. Alain Bouchard

Alain Bouchard is a Canadian entrepreneur and the co-founder of Alimentation Couche-Tard, a multinational convenience store company. With a net worth of $6.3 billion, Bouchard has led the company’s expansion and acquisition strategies, making Couche-Tard one of the largest convenience store operators globally.

8. Tobi Lutke

Tobi Lutke is the co-founder and CEO of Shopify, a leading e-commerce platform that enables entrepreneurs and businesses to set up and manage online stores. With a net worth of $5.9 billion, Lutke’s visionary leadership has propelled Shopify to become a prominent player in the e-commerce industry, empowering countless merchants worldwide.

9. Chip Wilson

Known for his role in founding Lululemon Athletica, a popular athletic apparel company, Chip Wilson has a net worth of $5.7 billion. Lululemon’s innovative designs and focus on quality have garnered a dedicated customer base globally. Wilson’s entrepreneurial spirit and dedication to fitness and wellness have been instrumental in the success of the brand.

10. James Irving

James Irving is a member of the prominent Irving family, which has significant investments in various industries, including forestry, shipbuilding, and energy. With a net worth of $5.7 billion, the Irving family’s businesses have played a vital role in Canada’s economic growth, particularly in the Atlantic region.

11. Arthur Irving

With a net worth of $5.4 billion, Arthur Irving is a member of the Irving family and a prominent figure in Canada’s energy industry. The Irving family’s businesses, including Irving Oil, focus on oil refining, distribution, and retail operations. Arthur Irving has played a crucial role in expanding the family’s energy empire and contributing to the country’s energy sector.

12. Mark Scheinberg

Mark Scheinberg is a Canadian-Israeli businessman with a net worth of $5.2 billion. He co-founded the online gambling company PokerStars, which became one of the world’s largest online poker platforms. Scheinberg’s entrepreneurial journey and success in the online gaming industry have propelled him to great wealth.

13. Carlo Fidani

Carlo Fidani, with a net worth of $4.8 billion, is a Canadian real estate developer and the president of Orlando Corporation. His company focuses on commercial and residential real estate development, with projects spanning the Greater Toronto Area. Fidani’s strategic investments in the real estate sector have contributed to his substantial wealth.

14. Emanuele (Lino) Saputo & family

Emanuele Saputo, along with his family, has a net worth of $4.7 billion. He is the chairman of Saputo Inc., one of the largest dairy processors in the world. Saputo Inc. produces and distributes various dairy products globally, including cheese, milk, and yogurt. The Saputo family’s entrepreneurial endeavors in the dairy industry have propelled them to significant financial success.

15. Daryl Katz

Daryl Katz is a Canadian businessman and the founder of the Katz Group, a company with interests in pharmaceuticals, real estate, and sports and entertainment. With a net worth of $4.4 billion, Katz made his fortune primarily through the success of the Rexall chain of pharmacies and his ownership of the Edmonton Oilers hockey team.

16. Leonid Boguslavsky

With a net worth of $4.2 billion, Leonid Boguslavsky is a Canadian-Russian businessman and venture capitalist. He co-founded the technology-focused investment firm RTP Global and has made successful investments in various tech companies, particularly in the software and internet sectors. Boguslavsky’s expertise in technology investments has contributed to his wealth accumulation.

17. Peter Gilgan

Peter Gilgan is a Canadian entrepreneur and the founder of Mattamy Homes, the largest privately-owned homebuilder in North America. With a net worth of $4.1 billion, Gilgan has been instrumental in shaping the residential construction industry in Canada and the United States.

18. Bob Gaglardi

Bob Gaglardi is a Canadian businessman and the chairman of Northland Properties Corporation, a company with interests in hospitality, real estate, and sports. With a net worth of $3.7 billion, Gaglardi’s business ventures include ownership of various hotel chains, such as Sandman Hotel Group and Sutton Place Hotels, as well as ownership of the NHL’s Dallas Stars.

19. Lawrence Stroll

Lawrence Stroll is a Canadian businessman and fashion investor, with a net worth of $3.7 billion. He is the co-owner of the Aston Martin Formula One team and has made significant investments in luxury fashion brands, including Tommy Hilfiger and Michael Kors. Stroll’s success in the fashion industry has contributed to his substantial wealth.

20. Ryan Cohen

Ryan Cohen is a Canadian-American entrepreneur and investor, known for co-founding, an online pet food and products retailer. With a net worth of $3.6 billion, Cohen made headlines with his involvement in GameStop, as he became a major shareholder and advocated for the company’s transition to e-commerce. Cohen’s entrepreneurial ventures have positioned him as a key player in the online retail industry.

These individuals represent a diverse range of industries, including energy, technology, real estate, gaming, and retail. Their entrepreneurial endeavors, strategic investments, and business acumen have enabled them to amass significant wealth and establish themselves as influential figures in Canada’s business landscape.


How many Canadians are billionaire?

According to the latest Forbes World’s Billionaires List for 2023, Canada boasts an impressive number of billionaires, each with remarkable net worths. With a total of 63 billionaires, Canada’s affluent individuals range from having fortunes of $1 billion to an astonishing $54.4 billion. The presence of such wealth underscores the significant economic impact and entrepreneurial success found within the country.

What city has the richest people in Canada?

Toronto, the largest city in Canada, is known for having a significant concentration of wealthy individuals. It is home to many of Canada’s major financial institutions, corporate headquarters, and high-net-worth individuals. Toronto’s robust economy, diverse industries, and vibrant real estate market contribute to its reputation as a city with a high concentration of affluent individuals.

Also see the most expensive city to live in Canada.

Who is the richest family in the world?

The richest family in the world is the Walton family. The Walton family is the main heir of the Walmart fortune, the world’s largest retailer. The family’s wealth is primarily derived from their ownership stake in Walmart, and they have consistently ranked among the wealthiest individuals globally. However, please note that wealth rankings can change over time, so it’s essential to refer to the latest sources for the most up-to-date information on the richest family in the world.