In 2024, Canada stands out as a home to several of the world's most prominent wealthy figures, as rapid economic growth contributes to enhancing the wealth of many individuals. David Thomson and his family top the list of the richest Canadian businesspeople, controlling media sectors through Thomson Reuters. Alongside them, we find notable figures such as Changpeng Zhao, founder of the cryptocurrency platform Binance, and David Cheriton, an early investor in Google. These individuals showcase a diversity in sources of wealth, from technology to real estate and beverages, reflecting economic power and innovation in Canada.

The 10 Richest Men in Canada:

1- David Thomson – $67 billion

David Thomson and his family are considered the richest families in Toronto in 2024. They are leaders in media production, controlling Thomson Reuters and The Globe and Mail.

2- Changpeng Zhao – $33 billion

In second place on the list of the richest Canadians is Changpeng Zhao, whose wealth reached $33 billion when Forbes first published the report. He is the founder of Binance, an online cryptocurrency exchange, making him one of the leading figures in the investment industry. By August 15, his wealth had risen to $57 billion.

3- David Cheriton – $14 billion

David Cheriton ranks third as the richest man in Canada with a fortune estimated at $14 billion, having earned his wealth through an early investment in Google, Alphabet Inc.

4- Jim Pattison – $9.1 billion

The Jim Pattison Group controls 20 business sectors, including automobiles, entertainment, food, and beverages. The entertainment division has achieved notable milestones such as the Guinness World Records and Ripley's Believe It or Not.

5- Joseph Tsai – $8.6 billion

Joseph Tsai is one of Canada's billionaires due to being the second-largest shareholder and co-founder of Alibaba Group, an e-commerce company. Tsai was born in Taiwan and currently resides in Hong Kong, but he holds a Canadian passport.

6- Anthony von Mandl – $7.4 billion

Anthony von Mandl is among the richest Canadians with a net worth of $7.4 billion, having earned his wealth through his alcoholic beverage businesses such as White Claw Hard Seltzer and Mike's Hard Lemonade. Forbes reported that his company generated revenues of $3.5 billion in 2023.

7- Alain Bouchard – $7.4 billion

Alain Bouchard is the seventh richest man in Canada in 2024. He is the co-founder of Alimentation Couche-Tard, a convenience store chain that owns more than 14,000 stores worldwide.

8- Arthur Irving – $6.6 billion

Arthur Irving owned a well-known gasoline distribution and oil refining company before the company announced his passing earlier this year.

9- Toby Lutke – $6.5 billion

Toby Lutke is the co-founder of Shopify, an e-commerce company, owning 6% of the company’s shares.

10- Chip Wilson – $5.9 billion

Chip Wilson founded Lululemon in 2000 and served as CEO until his resignation in 2013. He grew the company from a single store but left the business in 2015. The rapid economic growth in Canada has led to increased public interest in knowing who the wealthiest person in the country is, making it a recurring topic of discussion each year.