We will be letting you in on a fun discussion today and it is on the Top 10 Richest Families in Canada. Canada has its share of rich people just like every other country in the world. These families are said to own the wealth of over 4 million people residing in the country.
So, if you are keen on finding out who they are, ensure you read through to the end to find out the Top 10 Richest Canadian Families.
Top 10 Richest Families in Canada
Canada is home to some of the richest families in the world whose riches symbolize royalty. Most of the rich families on this list inherited family businesses which they continued and develop over the years thereby yielding to the huge net worth they enjoy to date. Below is a quick preview of the 10 richest families in Canada.
Those are the families in Canada considered to be the richest. We will further discuss how they make their money and show you what their net worth looks like.
1. The Thomson Family
Net worth: $41.7 Billion
Source: Thomson Corporation
The Thomson family takes the first spot on our list of the Top Richest Families in Canada. It is also among the richest families in the world.
The family makes its earnings from Thomson Corporation which comprises five different entities which are Thomson Financial, Thomson Healthcare, Thomson Legal, Thomson Scientific, and Thomson Tax & Accounting.
2. The Rogers Family
Net worth: $11.57 billion.
Source: Rogers Communications Inc.
The Rogers Family operates Rogers Communication Inc. which began when Edward Rogers Sr. invented an electronic device that brought the radio to the masses.
His son Ted began Rogers’scommunication in 1967 and it grew to become one of the formidable media companies in Canada likewise, the family earned a lot of fortune becoming one of the Top Richest Canadian Families.
Rogers Family also owns the Toronto Blue Jays which further adds to their income.
3. The Weston Family
Net worth: $10.2 Billion
Source: George Weston Ltd.
The next family on our list of Top Richest Canadian Families is the Watson Family. The family owns a business conglomerate that comprises George Weston Limited, Associated British Foods, Loblaw Companies, and Holt Renfrew. Galen Weston, a member of the family is ranked as the third-richest person in Canada.
4. The Desmarais Family
Net worth: $8.38 Billion
Source: Power Corporation of Canada
Paul Desmarais fetched his family the fortune they now enjoy. After he graduated from college, he bought an almost bankrupt bus company started by his grandfather for a dollar.
Paul grew the business and bought additional bus companies. Later on, he invested in other business fields chiefly the Power Corporation of Canada.
5. The Irving Family
Net worth: $7.1 Billion
Source: Irving Group of Companies
The Irving family owns the largest oil refinery in Canada, Irving oil which started back in 1924. The company has grown so big that it employs one in twelve residents of New Brunswick.
The business also diversified into other businesses such as paper, retail, and broadcasting.
#6. The Richardson Family
Net worth: $6.55 Billion
Source: Richardson International
James Richardson and Sons founded Richardson International which eventually succeeded to become a top business conglomerate in Canada, and the family earned a spot on the list of Top 10 Richest Families in Canada. Richardson International was founded in 1857 when James went into the grain business.
Today, the company has stakes in other business endeavors including property management, oil and gas, and financial businesses.
7. The Saputo Family
Net worth: $5.7 Billion
Source: Saputo Inc.
Saputo Family is not left out among the richest families in Canada. The family established Saputo Inc., a Canadian dairy company founded in 1954.
The company produces, markets, and distributes varieties of dairy products such as cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients.
Saputo Inc.’s product is sold in over 40 countries around the world which gives them a global presence.
8. The Pattison Family
Net worth: $5.4 Billion
Source: Jim Pattison Group
The Pattison Family also made it to the list of Top 10 Richest Canadian Families going by their huge net worth. The family operates the Jim Pattison Group, the largest privately-owned company in Canada.
The company was founded in 1961 and began as a General Motors car dealership, presently, it owns other businesses including food companies, TV and radio stations, Ripley Entertainment, Guinness World Record, and many more.
9. The McCain Family
Net worth: $3.9 Billion
Source: McCain Foods
The McCain family is the owner of McCain Foods which was founded in 1956 by brothers Wallace and Harrison McCain, alongside their two older brothers, Robert and Andrew.
The food company developed to become one of the most successful Canadian brands making the family earn a spot on our list of Top 10 Richest Families in Canada.
However, in 1995, Wallace and his son acquired a controlling interest in Maple Leaf Foods after they had a fallout with his other brothers.
10. The Coutu Family
Net worth: $3.6 Billion
Source: Jean Coutu Group
Jean Coutu Family comes up next on our list of the Top 10 Richest Canadian Families with a net worth of over $3 billion. Jean Coutu, who was a pharmacist, established his Canadian drugstore chain, the Jean Coutu Group Inc., which eventually became one of Canada’s richest families.
Coming up with the list of the Top 10 Richest Families in Canada is tasking going by the numerous rich personalities in the country.
Nonetheless, we have been able to identify the families that own a lion’s share of the country’s fortune. It is incredible to see their families working together to fetch as much money as they can.