Canada’s richest people for 2016 have been officially selected, and a few Vancouverites have made the list.
As usual, West Vancouver resident Jimmy Pattison made the list coming in at number seven, as well as the Aquilini’s, Vancouver’s biggest development and property-magnates. Bob and Tom Gaglardi, owners of Northland Properties, including Sandman Hotels, the Sutton Place and the NHL’s Dallas Stars.
Calgary’s Garrett Camp took third place with a net worth of over $9 billion, thanks to two successful startups – Uber and StumbleUpon – and Taiwan-born Joseph Tsai landed in sixth place due to his position with Alibaba in China.
The rest of the list is mostly familiar names, like the Thomson family and the Rogers family, the Saputo’s, and the McCain family, but all are worth at least $3 billion.
The complete list was published by the Canadian Business magazine last week.
David Thomson took over as Chairman of the Thomson Coporation from his late father in 2006, after an acquisition forming Thomson Reuters.
Weston serves as executive chairman of George Weston, the grocery giant which owns Loblaws, Shoppers Drug Mart, Selfridges, Holt Renfrew, and more.
Co-founder of Uber and StumbleUpon, Calgary-born Garrett Camp has quickly accelerated his business with Uber reaching over 500 cities around the world and re-writing taxi industry laws.
Founded by Ted Rogers in 1960, Rogers Communications is now chaired by Edward Rogers III and earned $12.7 billion in revenue in 2013. Rogers is also an exclusive rights holder and partner of the NHL and owns various media outlets including Omni and Sportsnet.
The family began a forestry business in 1881 and have grown into oil and shipbuilding since, including a deal to build the Navy’s new Arctic offshore patrol boats.
The 51-year-old vice chairman of China-based Alibaba conglomerate was born in Taiwan but has Canadian citizenship. Alibaba had a total equity of $30 billion CAD in 2015 and employs 35,000 people.
The B.C. resident Jimmy Pattison owns the Jim Pattison Group, which owns Overwaitea Foods, Save On Foods, Guinness World Records, and others. He was also the CEO and president of the Expo 86 Corporation, bringing Expo to Vancouver and helped to secure the 2010 Olympics.
Lino Saputo and his son Lino Saputo Jr. run Saputo Inc., which owns much of Canada’s dairy industry, including Dairyland, Armstrong cheese, and 650 different brands in Canada. Saputo is one of the top 10 dairy companies in the world.
Paul Demarais Sr. was CEO and chairman of the Power Corporation of Canada, an international holding company with the subsidiary Power Financial Corporation.
James Richardson & Sons Ltd. has been around for 158 years and originally succeeded due to introducing Canola oil into the food market and dominating the grain industry. They have now diversified into oil with the Tundra Oil & Gas subsidiary.