BC's richest billionaire more than doubled their wealth since 2020

Jan 7 2023, 12:35 am

Billionaire businessman and philanthropist Jim Pattison’s wealth has skyrocketed since 2020.

According to the latest data from Forbes tracking the world’s billionaires, Pattison is the second-wealthiest Canadian on their list and comes in at #163 globally.

Pattison is the founder, chairman, and CEO of Jim Pattison Group, a diversified holding company with 25 divisions working in everything from media and advertising to entertainment and real estate.

Though his empire started humbly in 1961 when he bought a car dealership, it’s now grown into a company with almost 50,000 employees and handles $14 billion in annual sales.

jim pattison

Jim Pattison/Forbes

From 2013 to 2020, his wealth fluctuated in the low billions. But in 2021, his wealth shot up from $4.3 billion to $9.6 billion. The following year, it increased again to $12.2 billion.

wealth

Data from Forbes

Today, Pattison’s presence is palpable in BC, where you see his name on hospital pavilions and billboards all over Metro Vancouver. He has a long history of philanthropy and giving back to the community.

He recently donated $30 million to the new Royal Columbian Hospital in New Westminster. That’s proportional to someone who earns $50,000 per year donating $137.

Sarah AndersonSarah Anderson

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