November 21, 2013 10:40 am
Updated: November 21, 2013 10:48 am

Canada’s richest families see fortunes grow

David Thomson presides over a family empire worth more than $26 billion, making the Thomson family the country's wealthiest by far.

Canadian Press

TORONTO – The Thomson and Weston families have seen double-digit growth in their net worth since last year, according to an annual ranking of Canada’s wealthiest people.

Canadian Business magazine estimates the Thomson family’s net worth has grown to $26.1 billion, up 30 per cent from $20.1 billion last year.

The Thomson family has long topped annual lists of Canada’s most wealthy people.

Story continues below

Among its major holdings is Thomson Reuters, a public company that delivers professional information to several industries, and the private Woodbridge Co.

No. 2 on the list with a net worth of $10.4 billion is Galen Weston, whose son Galen Jr., heads the Loblaw grocery business. The Weston fortune is up 24 per cent from last year’s estimate of $8.2 billion.

READ MORE: Loblaw looks to grind down wages as Walmart, Target take aim

The Irving family, which owns Atlantic Canada’s largest chain of gasoline stations, a major oil refinery, shipbuilding yard and other businesses, continues at No. 3 with an estimated worth of $7.85 billion, down three per cent from $8.07 billion.

The Rogers family, which controls the cable, wireless and media company that owns Canadian Business magazine and the Toronto Blue Jays, retained No. 4 spot at $7.6 billion, up 18 per cent.

Vancouver-based businessman James Pattison, who heads the private Jim Pattison Group, had a net worth of $7.39 billion, up 10 per cent to continue in the No. 5 spot.

This year’s Top 10 list includes the Saputos, who head one of Canada’s largest cheese and dairy businesses, the estate of Paul Desmarais Sr., the head of Power Corporation who died recently, eBay founder Jeff Skoll, the Winnipeg-based Richardson family and Carlo Fidani, a Toronto-based businessman who heads the Orlando Corp.

Report an error


Want to discuss? Please read our Commenting Policy first.