Canadians on the Forbes “World’s Billionaires” List

Wed, 18 May by The Paranych Team
Forbes Billionaire List

“Wealth is on the rise again. The Forbes magazine list of The World’s Billionaires for 2011 reports that the total number of billionaires has reached an all time high — 1,210 individuals now have a net worth of a billion dollars or more. Topping the list is Mexican businessman Carlos Slim Helu, who is worth an estimated $74 billion. Bill Gates and Warren Buffet took the next two top spots ont he list with $56 billion and $50 billion respectively.”

— “How Many Billionaires Are Out There?” from the Luxury Insights Blog

Some very prominent Canadians made Forbes’ World Billionaire List this year, including:

  • 17th: David Thomson & Family: Net worth of $23 billion. Chairman of Thomson Reuters, The Woodbridge Company Limited, and TR Organisation Plc. Currently lives in Toronto, Canada.
  • 133rd: Galen Weston & Family: Net worth of $7.1 billion. Head of George Weston Ltd. food and retail empire, and owns the Loblaw supermarket chain. Currently lives in Toronto, Canada.
  • 173rd: Jim Pattison: Net worth of $5.8 billion. Started with car dealerships and expanded into coal shipping terminals, advertising, supermarkets and forestry. His media company owns Guiness World Records and Ripley’s Believe It Or Not. Currently lives in Vancouver, Canada.
  • 235th: Paul Desmarais: Net worth of $4.5 billion. Owns PowerCorp., a financial services and communications company, Montreal Daily, La Presse and 6 other newspapers in Quebec and Ontario. Currently lives in Montreal, Canada.
  • 310th: James & Arthur Irving: Net worth of $3.5 billion. Company owns oil refineries, gas stations, sawmills, publishing interests and potato farms in New Brunswick. Currently lives in Saint John, New Brunswick.

Edmontonian Daryl Katz also made the list at #595 with a net worth of $2 billion. Chairman and CEO of the Katz Group of pharmacies, Katz is the current owner of the Edmonton Oilers hockey team.

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