Canada is world-famous for a lot of special things – its diverse landscapes, bobsled racing, maple syrup, and so much more. It’s also famous for a bigger IT industry across its prominent cities. Top 10 Richest Families in Canada, are also other special things to remember. But it’s really surprising that the country is also house to some of the world-famous richest people. Most of the billionaires in Canada come from a wide diversity and array of industries and backgrounds.
Find below the list of Top 10 Richest Families in Canada. Some of them initiated as poor immigrants who flew to Canada to try to compose a living for them and they got success beyond their toughest dreams.
These families have set aside their businesses secure, and their businesses spread from the Information & technology industry to the retail industry including the food manufacturing industry. Today, Canada has become so profitable, and these businesses are the pillars of the nation presently.
Family no-1
Baron David Thomson’s Family
Property Net Worth: CAD $41.15 billion
Family Business: Thomson Reuters
Business Type: Technology/Media
Baron’s family possesses the peculiarity of being not just Canada’s richest family, but one of the World’s richest families. His family has yielded a lot through their communications/media corporation Thomson Reuters, whose parent company is Wood-bridge.
David Thomson is the most senior chief member of the family, who is a popular art collector, and knows the most widespread collection of the famous artist John Constable. In his schooling period, he attended an elite School (private) called Upper Canada College.
David Thomson has opposed strongly against the accusation that he is an elitist, affirming that he is able to spend several weekends with his wife and have relaxation despite his wealth and business insight. He presently lives in Toronto.
Family no.2
Edward Rogers Family
Property Net Worth: CAD $11.58 billion
Family Business: Rogers Communications
Business Type: Multimedia Communication
Edward Rogers family is also one of Canada’s as well world’s richest families, and it owes great success to its multimedia business ‘Rogers Communications’. In Ontario, Canada, the head office of Rogers Communications was founded in 1960 by Edward Rogers, Jr.
Edward Rogers, Jr. strong-willed to bear on his father’s industry inheritance. When his father died, he knobbed to communications business instead, and in 1959 launched ‘Rogers Cablesystems’. The company has grown a lot and today it’s asset’s value reached CAD $31, and every year it’s revenue average earning capacity is CAD $15 billion. Today, it has expanded several businesses such as telecom, cable, bank, wireless, and live chat subsidiaries.
Family no. 3
Lino A. Saputo’s family
Net Worth: CAD $10.42 billion
Family Business: Saputo, Inc.
Business type: Food
In past, Lino was a cheesemaker in Italy and when he launched Saputo, Inc. in 1954, he had just built up a few plants and very little amount of funding for his food company, and he developed it slowly. It was basically a dairy company that clutches the peculiarity of being in the top 3 cheese production companies worldwide having numbers of plants all around the globe.
It has appointed 13,000 (approx) employees, and yearly revenue yielding capacity CAD $11.25 billion and growing up.
Family No.4
Paul Desmarais Family
Net Worth: CAD $8.40 billion
Family Business: Power Corp. of Canada
Industry: Busing & Finance
Paul Desmarais's family is a French-Canadian family that has a long-time establishment over Canada. After graduation from Ottawa University and joining in law school, Paul Desmarais started working at the railroad company that was founded by his grandfather.
Paul had rescued the railroad company from the bankrupt situation and fixed its infrastructure well within the next 3 years and acquired numbers of bus lines over Canada.
Further, he took over a paper company named Consolidated Bathurst and then acquired Power Corp. of Canada, and later become a financial corporation and now these days become a billionaire.
Family no.5
Arthur Irving’s Family
Net Worth: CAD $7.50 billion
Family Business: Irving Oil
Business type: Oil and gas
In 1924 K.C. Irving started this company and now is managed by his son Arthur Irving. Irving Group has managed to start production and export company under the ownership of Arthur Irving.
Irving Oil Refinery is one of the largest refiners of Canada. Also, it has branches in Ireland and other has gas stations, oil tanker fleets, real estate, and many more around the globe.
Family No.6
Hartley Richardson’s Family
Net Worth: CAD $6.60 billion
Family Business: James Richardson & Sons
Business type: Oil and gas
The James Richardson & Sons subsidiary is his oldest and most established brand which was founded in 1822 in Ireland. Later, Richardson’s family moved to Canada, where they restarted their brand anew ‘Richardson International’ and Hartley is the seventh-generation. The company’s main business is canola, grain, oats, and oil seeds manufacturing and processing.
Presently, it employs around 2,600 people across Canada and America and has annual revenue earning capacity CAD $29.5 billion, and has a similar range of assets. It has its head office in Winnipeg since 1857.
Family no.7
Naomi Azrieli’s Family
Net Worth: CAD $5.90 billion
Family Business: Azrieli Group
Business type: Real estate
The Azrieli Group is a Canadian-Israeli real estate company that was founded decades ago with its first mall by David Azrieli in Quebec, Canada.
David Azrieli bornt in Poland was a soldier and fled to Montreal, Canada during World war II to get away from the Nazis in Europe.
In Montreal, Azrieli launched his real estate business by splitting his own assets between buildings, apartments, office buildings and malls and had grown to a high peak. Also, he expanded his business up to Tel Aviv, the headquarter of business and owns several commercial centers in his native place Israel.
Family No.8
Tom Gaglardi’s Family
Net Worth: CAD $3.98 billion
Family Business: Northland Properties
Business type: Real estate
Tom Gaglardi, the real estate businessman also owns the NHL team of the U.S. He has spread real estate business over Vancouver and employs more than twelve thousand people.
It was founded in 1963 and started its successful journey by building the first in named Sandman Inn, in British Columbia in the year 1967. This company has expanded with early progression, and it became the Sandman Signature brand, which was measured high-end. Northland properties have also bought other properties, including the Sutton Place Hotel and other hotels over British Columbia and U.S.
Family No. 9
Andreas Apostolopoulos’s Family
Net Worth: CAD $3.95 billion
Family Business: Triple Group
Business type: Real estate
Being a Greek-Canadian family in Toronto, this family owns Triple Group of Companies, under chief member Andreas Apostolopoulos who started out as a janitor and day laborer in Canada.
With saving money day today, and he was able to own a small size service company that progressed slowly. He gathered sufficient capital to procure a manufacturing company, and then set his goal on the real estate sector for development and investment.
Triple Group was on news headlines in 2009 when it bought the Pontiac Silverdome stadium for just CAD $5.83million but Triple Group has brought it back to its previous glory. Now, its value is grown a lot.
Family No. 10
Michael McCain's Family
Net Worth: CAD $3.8 billion
Family Business: McCain Foods
Business type: Food
Michael McCain's Family has been well established Food industry in Canada.
Hope, the readers must have a good idea about the Top 10 Richest Families in Canada.