Who are Canada's richest Canadians? (Hint: more than half of them are billionaires)
Nov 29, 2007
Canadian Business magazine's 9th-annual Rich 100 list arrives on newsstands starting today. TORONTO, Nov. 29 /CNW/ - This year's Rich 100, Canadian Business magazine's exclusive annual ranking of the wealthiest Canadians, is populated by a bumper crop of billionaires. For the first time ever, more than half of the list is made up of people who have hit the 10-digit mark; 54 of them, in fact, up from 46 in last year's ranking. There has also been a sea change near the top of the list. For the first time since 2000, Galen Weston does not hold the No. 2 spot. That honour now goes to Ted Rogers, whose estimated net worth is up 67% over last year. Canadian Business magazine also welcomes two new members: mining investor Rob McEwen, and Dennis (Chip) Wilson of yoga apparel firm Lululemon Athletica. Additionally, while this year saw the return of home builders the Libfeld family, who last made an appearance on the Rich 100 in 2005, it is also the year to say goodbye to three members of last year's list whose net worth didn't reach the minimum of $445 million: Chuck Fipke, Louise Blouin MacBain and Lawrence Stroll.The Rich 100 Top Ten: 1. Thomson Family $25.35 billion, up 4% Location: Toronto '06 rank: 1 2. Edward (Ted) Rogers Jr., 74 $7.6 billion, up 67% Location: Toronto '06 rank: 4 3. Galen Weston, 67 $7.27 billion, up 2% Location: Toronto '06 rank: 2 4. Paul Desmarais Sr., 80 $5.64 billion, up 28% Location: Montreal '06 rank: 5 5. James (J. K.), Arthur, John (Jack) Irving, 78, 76, 75 $5.3 billion, down 3% Location: Saint John, N.B. '06 rank: 3 6. James (Jimmy) Pattison, 79 $4.52 billion, up 4% Location: Vancouver '06 rank: 6 7. Jeff Skoll, 42 $4.48 billion, up 14% Location: Palo Alto, Calif. '06 rank: 7 8. Michael Lazaridis, 46 $4.36 billion, up 157% Location: Waterloo, Ont. '06 rank: 24 9. James Balsillie, 46 $4.09 billion up 153% Location: Waterloo, Ont. '06 rank: 25 10. Bernard (Barry) Sherman, 65 $3.61 billion, up 12% Location: Toronto '06 rank: 8 For profiles of our highest ranked families, visit www.canadianbusiness.com/rich100.To estimate the net worth of the Rich 100 and potential candidates, Canadian Business magazine analyzed proxy statements, insider-trading reports and many other sources. The cutoff date for exchange rates and stock prices was Oct. 12. For full methodology visit www.canadianbusiness.com/rich100. About Canadian Business magazine: Founded in 1928, Canadian Business is the longest-serving, bestselling and most trusted business publication in Canada. Canadian Business stands alone as the business magazine in Canada with 100% paid circulation. With a readership of almost one million, the magazine is published every second Monday, except in January, July and August, when monthly issues are published. Special annual issues of Canadian Business include the Investor 500, the MBA Guide, the Rich 100 and the Best and Worst Boards. Visit www.canadianbusiness.com/magazine.
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