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Brokenhead
Feb 24, 2007, 7:04 PM
I was wondering how many billionaires are in some Canadian cities, how they affect you, and how they gained their wealth.

I think there is 46 billionaires in Canada, might be wrong.

As for Winnipeg I think there is two: The Aspers and the Richardsons. I'm not really sure they live in Winnipeg, but are considered Winnipeggers.

But this works out will since Manitoba has 4% of Canada's population, and about 4% of Canada's billionaires.


The Richardsons are the founders of James Richardson & Sons, Limited. The Aspers (Izzy) is the founder of CanWest (Global News).

someone123
Feb 24, 2007, 7:33 PM
I'm guessing zero.

I would imagine that a lot of Canadian billionaires don't really live in Canada.

Smevo
Feb 24, 2007, 7:37 PM
None in either of my cities, but the Sobeys (Frank) live in Stellarton, NS (about halfway b/w Halifax and Sydney, a little on the Halifax side) and the Irvings live in Rothesay, NB (suburb of Saint John). Not sure if the McCain's make the list, but they're from Florenceville, NB, about 1-1/2 hours up the Saint John Valley from Fredericton. So potentially 3 billionaires in the Maritimes with a combined population (NS, NB, PEI) of approximately 1.8 million people.

Brokenhead
Feb 24, 2007, 7:46 PM
None in either of my cities, but the Sobeys (Frank) live in Stellarton, NS (about halfway b/w Halifax and Sydney, a little on the Halifax side) and the Irvings live in Rothesay, NB (suburb of Saint John). Not sure if the McCain's make the list, but they're from Florenceville, NB, about 1-1/2 hours up the Saint John Valley from Fredericton. So potentially 3 billionaires in the Maritimes with a combined population (NS, NB, PEI) of approximately 1.8 million people.


That's a good average fot the Maritimes.

If your divide 33 million (population of Canada) by 46 (billionaires in Canada) you get about 720,000. So that mean for every 720,000 people there is one billionaire (family).

shappy
Feb 24, 2007, 7:54 PM
I'm confused... according to Forbes there are 22 billionaires in Canada. The following is a list of them with their world rank (and hence Canadian rank):

9 - Kenneth Thomson and family, 82, $19.6, publishing - Toronto
59 - Galen Weston and family, 65, $8.4, retail - Toronto
106 - James, Arthur and John Irving, $5.5, oil - Saint John
114 - Jeffrey Skoll, 41, $5, eBay - U.S. (born in Montreal)
174 - Paul Desmarais, 79, $3.8, finance - Montreal
181 - Bernard (Barry) Sherman, 64, $3.7, drugs - Toronto
194 - Jim Pattison, 77, $3.5, diversified - Vancouver
224 - Robert Miller, 60, $3, Future Electronics - Hong Kong (born in ?)
224 - Edward Rogers, 72, $3, media - Toronto
258 - Charles Bronfman, 74, $2.7, liquor - Montreal
317 - Emanuele (Lino)Saputo and family, 69, $2.4, dairy - Quebec City
335 - Wallace McCain, 76, $2.3, food - Toronto
365 - Michael Lee-Chin, 55, $2.1, mutual funds - Toronto
382 - Clayton Riddell, 68, $2, oil and gas - Calgary
486 - Daryl Katz, 44, $1.6, pharmacies - Edmonton
486 - Alexander Shnaider, 37, $1.6, steel - Toronto
512 - Jean Coutu, 78, $1.5, pharmacies - Quebec City
512 - Stephen Jarislowsky, 80, $1.5, asset management - Montreal
562 - N. Murray Edwards, 46, $1.4, oil and gas - Calgary
562 - Guy Laliberte, 46, $1.4, Cirque du Soleil - Montreal
746 - Calvin Ayre, 44, $1, Bodog.com - U.S. (born in Saskatchewan)
746 - David Cheriton, $1, Google - U.S. (born in ?)

Greco Roman
Feb 24, 2007, 8:05 PM
^ I guess the Winnipeg billionairs don't count :rolleyes:

Brokenhead
Feb 24, 2007, 8:06 PM
Here's an article that might help: http://www.cbc.ca/money/story/2006/12/04/rich.html

On the Forbes list, the Aspers and Richardsons don't show up. The Richardsons have about 1.9 billion, and the Aspers have about 1.1 billion (I presume in Canadian Dollars).

SteelTown
Feb 24, 2007, 8:27 PM
Michael Lee-Chin doesn't live in Toronto he lives in Burlington so there's one billionaire from Hamilton.

trueviking
Feb 24, 2007, 8:32 PM
2006 canada's top 100 richest: 46 billionaires (10 more than last year)

http://www.canadianbusiness.com/after_hours/lifestyle_activities/article.jsp?content=20061204_83955_83955&page=9

1. Thomson family: $24.41 billion

The family lost patriarch Ken Thomson in June, at the age of 82, leaving it to eldest son David, chairman of Thomson Corp. for only four years, to carry on the business. So far the stock price of Thomson Corp. has remained relatively unchanged since Ken's death. Also, the $1.7-billion offer from Bell Globemedia, in which the family recently increased its ownership stake to 40%, to purchase CHUM Ltd., will further expand the Thomson media empire.

2. Galen Weston: $7.1 billion

The elder Weston put his 33-year-old son, Galen G., in charge of Loblaw Cos. Ltd. in September, giving him the title of executive chairman. The surprise move coincided with the departure of longtime company man and former president John Lederer, leaving analysts questioning Galen G.'s ability to run the company at a time when, given Wal-Mart's aggressive entry into the grocery market, competition is fiercer than ever.

3. James (J. K.), Arthur and John (Jack) Irving: $5.45 billion

In addition to building a $750-million liquefied natural gas plant, Irving Oil Ltd. is considering a second oil refinery in New Brunswick. The proposed refinery could cost up to $7 billion and generate 300,000 barrels a day, but the privately held company won't make a final decision until next year.

4. Edward (Ted) Rogers Jr.: $4.54 billion

Rogers Communications Inc. may have more than doubled its dividend and tripled its Q3 net income this year, but the Toronto-based company still may have something to learn about the importance of grammar. A single comma in a multimillion-dollar contract with Aliant Inc. (now Bell Aliant Regional Communications Income Fund) is causing a lot of legal headaches. According to Aliant, the wording of a particular sentence allows it to exit the deal at any time; Rogers disagrees. The Canadian Radio-television and Telecommunications Commission sided with Aliant, but Rogers has now produced a French version of the contract — without the troublesome comma — and the matter is before the CRTC once again.

5. Paul Desmarais Sr.: $4.41 billion

The 79-year-old patriarch of one of Canada's most politically connected families has been on a roll lately. In mid-November, Power Financial Corp. announced that Q3 earnings had more than doubled from a year ago, thanks in part to the $356-million sale of its stake in Bertelsmann AG, Europe's largest media company, in July.

6. James (Jimmy) Pattison: $4.35 billion

As a teenager, Pattison worked at a hotel. In April, the 78-year-old entrepreneur opened one of his own: the Great Wolf Lodge resort and water park in Niagara Falls, Ont. Plans for the $100-million aquarium next door, meanwhile, have been put on hold while his tourist attraction company, Ripley Entertainment Inc., waits to assess the impact of new passport requirements for U.S. visitors starting in 2008.

7. Jeff Skoll: $3.93 billion

After bringing in more than US$170 million and 11 Oscar nominations with his Participant Productions' 2005 releases, the Montreal-born billionaire continued to put his money into environmental and socially aware organizations in 2006. Skoll invested in manufacturers of solar panels, water-free urinals and electric cars. He also awarded more than $25 million to various non-profit groups through his philanthropic foundation.

8. Bernard (Barry) Sherman: $3.23 billion

The Apotex legal team has seen a lot of action lately as the company is embroiled in two major lawsuits. Apotex is contesting the patent on blood thinner Plavix, arguing it should be allowed to distribute a generic version. The company managed to ship six months' worth of the drug before a U.S. judge ordered it to cease sales in August. In the second lawsuit, Apotex is suing U.S. regulators to prevent rivals from gaining rights to nausea drug Zofran.

9. David Azrieli: $2.44 billion

The man who brought the first shopping mall to Israel shows no signs of slowing down at age 84. This year, Azrieli gained control of Granite Hacarmel, an Israeli energy and engineering company, for approximately US$150 million. He'll also finance a major portion of a $2-million restoration of an historic public square in downtown Jerusalem.

10. Fred and Ron Mannix: $2.38 billion

Known in military circles as the Godfather of the Calgary Highlanders, Fred Mannix made three rare public appearances this year: in June, when he received an honorary doctorate from the University of Calgary, and in October, when he received an award from the Canadian Armed Forces and caught up with his younger brother, Ron, by being inducted into the Order of Canada.

11. Michael Lee-Chin: $2.18 billion

After losing more than $5.5 billion in assets over five years, AIC Ltd. lost its CEO of almost 20 years in October. Lee-Chin's resignation should give the Jamaica-born billionaire more time to focus on his company's Caribbean holdings, including a recently acquired 75% stake in Jamaica's largest auto insurer and a 51% interest in one of the island's leading media groups.

12. Saputo family: $2.15 billion

Lower cheese prices in the United States and a plant closure in Indiana may have hurt the Quebec-based food company this year, but it's still turning a profit. Saputo Inc. expanded its operations with two acquisitions in 2006: a cookie maker in Quebec and a German cheese manufacturer, which marks its first foray into the European market.

13. Clay Riddell: $2.14 billion

In October, the 69-year-old veteran oilman expanded his stake in the North by signing a deal with Chevron Canada Ltd. and BP Canada Energy Co. The agreement could give Riddell's Paramount Resources Ltd. a 50% interest in a 412,500-hectare parcel of land in the Northwest Territories' gas-rich Mackenzie Delta.

14. Carlo Fidani: $2.11 billion

The commercial and industrial real estate tycoon continued to increase his more than 31 million square feet of leased properties this year with the development of a 1,250-acre business park in Mississauga, Ont., and a 500-acre site in nearby Brampton

15. Charles Bronfman: $2.11 billion

Charles lost Andrea, his wife of 25 years, after she was struck by a vehicle near their home in Manhattan, N.Y., in January. To-gether, they were heavily involved in philanthropy and co-founded Taglit-birthright israel, a program that organizes free trips for young Jewish adults to the Holy Land. Charles spoke of Andrea at her memorial, saying, "Ours was a very, very special relationship."

16. Daryl Katz: $2.07 billion

The son of a pharmacist who became Edmonton's wealthiest man, Katz donated $7 million to the University of Alberta faculty of pharmacy in October. The money, which has been matched by the province, will be used to develop new research in the field and to build a new health sciences building.

17. Alex Shnaider: $2.01 billion

The 38-year-old steel magnate faced a difficult decision this year: whether to sell Midland F1 Ltd., the motor sport division of his holding company, Midland Group. Shnaider purchased the Formula One racing team in 2005, and rumours that he was looking to sell circulated soon after, partly because Shnaider told media he'd part with the team if the right offer came along. It did in September: US$106.6 million from Dutch company Spyker, more than twice the amount Shnaider paid.

18. Harrison McCain family: $1.99 billion

With sales declining for the U.K. branch of McCain Foods Ltd., the company is launching a US$35-million advertising campaign celebrating the joy of french fries. One commercial features a cast of 120 dancers, singers and acrobats belting out a tune with a refrain of "5% fat," to emphasize the health aspect of McCain's core product. A live version of the ad will be performed for theatre audiences across England.

19. Murray Edwards: $1.98 billion

The vice-chair of Canadian Natural Resources Ltd., Canada's largest producer of crude oil, looked to the skies this year and became the fourth-largest individual shareholder of WestJet Airlines Ltd.

20. Richardson family: $1.8 billion

Winnipeg grain tycoon Hartley Richardson kept a low profile this year, focusing on local causes, including a proposal to turn a former concert hall into a Canadian rock 'n' roll museum.

21. Wallace McCain: $1.78 billion

This past year hasn't been kind to Maple Leaf Foods Inc. The rising Canadian dollar forced the company to cancel plans for a pork processing plant in Saskatoon and to shut down operations at another facility. A meat tampering scare and a product recall in November didn't help matters much, but Maple Leaf recently announced it will spend up to $120 million to restructure its operations over the next three years.

22. Allan Slaight: $1.77 billion

Slaight's private radio station empire toyed with becoming an income trust this year. Standard Broadcasting Corp. filed a preliminary prospectus for the conversion in May, put the idea on hold a few weeks later, and then said it was re-evaluating that decision in September.

23. Bombardier family: $1.7 billion

While Bombardier Transportation's rail division had a robust year — raking in more than $7 billion in contracts since May — its aerospace division continued to lag. It's too bad Oprah Winfrey couldn't do for airplanes what she does for book sales. The talk show host took possession of a $47-million Bombardier jet in June.

24. Michael Lazaridis: $1.7 billion

In mid-October, the co-founder of Research In Motion Ltd., maker of the ubiquitous BlackBerry wireless device, delayed Q2 results because of errors regarding the reporting of stock options. Two weeks later, the U.S. Securities and Exchange Commission asked for more information related to the matter and the Ontario Securities Commission has since confirmed its own examination of RIM's stock option practices.

25. James Balsillie: $1.62 billion

Now that Research In Motion's lengthy patent dispute with Virginia-based NTP has been settled (RIM paid the patent-holding company US$612.5 million in March), James Balsillie was able to turn his attention to other matters, like buying a hockey team. The RIM co-founder offered to purchase the Pittsburgh Penguins from Mario Lemieux for US$175 million in October. While some have speculated he may move the troubled hockey club to Ontario, Balsillie says the only way the Penguins will leave Pittsburgh is if the team is "kicked out."

26. Marcel Adams: $1.61 billion

The founder of Iberville Developments Ltd. opened his first mall in the 1950s. This year, a 1.5-million-square-foot shopping centre in Montreal opened on land the company flipped for a $38-million profit.

27. David Cheriton: $1.6 billion

The frugal billionaire: David Cheriton's long, winding road to riches. A Rich 100 debut.

28. Reichmann family: $1.54 billion

At 76, patriarch Paul has been making the most of his retirement, and even more of Retirement Residences REIT. In September, he pantomimed a buyout of the income trust, but just days later ceded to a rival offer from the Public Sector Pension Investment Board. When the acquisition is completed, Paul can unload his 14% stake and walk away with a tidy $90 million. Comeback rumours about the family still swirl, but the Reichmanns have yet to tip their hand on their new investment company, PR Capital.

29. Sobey family: $1.53 billion

Sobeys Inc. won a battle with the Nova Scotia government in October when, along with Loblaw, it successfully challenged the province's ban on Sunday shopping. But a much bigger challenge looms on the horizon. Next year will undoubtedly be one of intense strategizing for the family-run grocery chain, as Wal-Mart's entry into the sector has forced rivals to find innovative ways to compete.

30. Stephen Jarislowsky: $1.48 billion

The corporate governance activist filed a complaint with the Ontario Securities Commission earlier this year, alleging that Bell Globemedia's bid to take over CHUM Ltd. was discriminatory because it offered $5.25 more per voting share than per non-voting share. His investment house, Jarislowsky Fraser, owns about 3.3 million of the latter.

31. Jean Coutu: $1.42 billion

In August, the Longueuil, Que.-based drugstore chain agreed to sell 1,858 Eckerd and Brooks pharmacies for $1.45 billion cash plus the assumption of $850 million of debt to Rite Aid Corp. of Harrisburg, Pa. The deal, which would make Rite Aid the largest drugstore chain on the U.S. East Coast, is currently under review by the U.S. Federal Trade Commission.

32. Terence (Terry) Matthews: $1.37 billion

Mitel Networks Corp. — which has lost US$287.9 million since restructuring five years ago — filed preliminary documents in May for an IPO in Canada and the United States. In October, however, Matthews, who owns 64% of the telephone-systems company, said he would wait for the market to improve before going forward with the action.

33. Michael DeGroote: $1.31 billion

The former leader of the Laidlaw transportation empire gave the opening address at an October conference on pain research, made possible in part by his $105-million donation to McMaster University's faculty of health sciences three years ago. DeGroote, 73, has lived with chronic pain since suffering a stroke five years ago.

34. Guy Laliberté: $1.26 billion

Canada's fourth best-managed brand, according to a recent survey in Canadian Business, Cirque du Soleil had a busy year. In January, it rolled out a North American tour of Delirium, its first arena show; in June, it premiered Love, a Beatles-based spectacle, in Las Vegas; and in August, it announced that a new show revolving around the music of Elvis Presley was in the works.

35. Seymour Schulich: $1.22 billion

The billionaire philanthropist (and new inductee to the Canadian Mining Hall of Fame) put the Schulich name on yet another institution in September when he donated US$20 million to the Technion-Israel Institute of Technology. The newly renamed Schulich Faculty of Chemistry is the fifth university faculty with the Schulich appellation, and the first outside Canada.

36. Brandt Louie: $1.21 billion

Customers of Brandt Louie's London Drugs chain can buy everything from toilet paper to televisions to life insurance. Now they can add a pedicure and a facial to their shopping list. London Drugs experimented with in-store spas late last year, and opened up two more this year. The chain still has no plans to enter the Ontario market, and will instead continue developing operations in the West, opening seven new stores next year.

37. John MacBain: $1.21 billion

Trader Classified Media, the classified advertising firm founded by MacBain and his ex-wife, sold the North American branch of its business to the Yellow Pages Income Fund for $760 million in May. The sale includes classified publications such as Auto Trader, as well as nine websites owned by the Netherlands-based company. The deal follows the sale of Trader's Ontario branch to Yellow Pages for $436 million last December.

38. Robert Friedland: $1.2 billion

The founder and chairman of Ivanhoe Mines Ltd. spent three years searching for a partner to help develop the Oyu Tolgoi gold and copper mine in Mongolia. He finally found one in October when London-based Rio Tinto agreed to pay US$691 million for just less than 20% of Ivanhoe. The deal boosted its market cap to $3.8 billion from $2.2 billion.

39. Gerald (Gerry) Schwartz and Heather Reisman: $1.15 billion

The power couple caused a stir this year when they publicly defected from the Liberal party and threw their weight behind the pro-Israel Conservatives. On the business front, Schwartz's Onex Corp. completed a US$1.43-billion initial public offering of its aviation arm and also engineered a $720-million buyout of a U.S. scrap steel company. Reisman's Indigo Books & Music Inc. faltered this year with a $1-million loss in the second quarter, which the company blamed on the lack of a new Harry Potter instalment to sell.

40. Richard Li: $1.14 billion

Controversy surrounded the chairman of Hong Kong telecom operator PCCW Ltd. in September, when it emerged that financier Francis Leung's US$1.2-billion bid for Richard Li's 23% stake in the beleaguered company had been financed in part by billionaire Li Ka-shing, the chair's father. In the end, stockholders of Li's holding company, Pacific Century, rejected the bid as too low.

41. Asper family: $1.1 billion

Ever since Bell Globemedia's buyout of CHUM Ltd. in July, speculation has been rampant about what's next for CanWest Global Communications Corp. — and everything from an acquisition of Alliance Atlantis Communications Inc. to a merger with Rogers Communications Inc. has been rumoured. The company itself has kept quiet, but CanWest sold its Irish television network this year for $164 million and hired Citigroup Global Markets in October to explore opportunities in Australia and New Zealand, including sell-offs.

42. Joseph and Ted Burnett: $1.08 billion

Joseph Burnett hasn't spoken to the media since his tax evasion trial ended in 1991. But the family holding company, Burnac Corp., remains active developing commercial real estate (five projects are currently on the go) and building luxury condos. An 1,800-square-foot space in the company's latest Toronto condo goes for just more than $1 million.

43. Peter Gilgan: $1.01 billion

Gilgan's Mattamy Homes, one of Canada's largest residential developers, was named Ontario Home Builder of the Year for 2006. But Gilgan himself has had trouble selling Edgemere, his nine-bedroom, 17-bathroom, 32,000-square-foot mansion in Oakville, Ont. The property still awaits a deep-pocketed buyer willing to pay the record $45-million asking price.

44. Kruger Family: $1.01 billion

Kruger Inc. has rarely branched out of its core forestry products business in its 100-year history. But in September, the company acquired Quebec winemaker Maison Des Futailles, a deal reportedly worth $68.8 million. The winemaker has two bottling plants in Quebec, a vineyard in Ontario and a monopoly on the distribution of wine in Quebec grocery stores.

45. Robert (Bobby) Julien and Delia Moog: $1.01 billion

Julien, the president of Kolter Communities in West Palm Beach, Fla., lamented a slow real estate market in the Sunshine State this fall. The company currently has 10 residential projects in development in Florida, as well as two in Toronto. Meanwhile, Julien's aunt, Delia Moog, was no doubt pleased to see Wagner's Ring Cycle finally staged at Toronto's new Four Seasons Centre for the Performing Arts this fall. The opera was funded in part with a $2.5-million donation from Moog in 2000.

46. Muzzo family: $1 billion

Marco Muzzo, whose career in construction and development spanned more than 50 years, died of cancer last December at age 72. The president of the Greater Toronto Home Builders' Association called Muzzo's death "the biggest loss to our industry ever." Muzzo leaves behind a vast fortune, however, and the thousands of homes and industrial and commercial buildings across southern Ontario that he built.

47. Samuel family: $972 million

A fifth generation took the reigns of Samuel, Son & Co. in January when Mark Samuel replaced his mother, Elizabeth, as chairman. The 43-year-old had his work cut out for him. Samuel Manu-Tech Inc., the company's publicly traded manufacturing arm that derives about half of its sales from the United States, responded to the strengthening Canadian dollar by scooping up U.S. tubing and compressed air equipment manufacturers and expanding operations into Mexico.

48. Ronald (Ron) Joyce: $945 million

Iconic coffee-and-doughnut chain Tim Hortons went public earlier this year. But co-founder Joyce, who sold out to Wendy's in 1996, didn't bite because Canada "eventually will be saturated" with Timbits and double-doubles. He may have had a point: the stock slumped after the IPO and only recently rose above its $30.89 offering price. (continued on page 98)

49. Ronald (Ron) Southern: $943 million

The 76-year-old chairman of Calgary-based power company the ATCO Group received some acclaim for his sporting endeavours this year. In May, the founder of the Spruce Meadows competitive show jumping complex was inducted into Canada's Sports Hall of Fame for his role in bringing international equestrians to Canada; in October, a documentary on the Retreads, the competitive women's basketball team that Southern coaches (average age: 72), premiered on Citytv.

50. Lalji family: $928 million

Now based in British Columbia, but from Uganda, the Lalji family usually keeps a low profile. It drew some attention in September, however, when family-owned Larco Investments put the Renaissance Toronto Hotel at the Rogers Centre up for sale, along with four other hotels in both Toronto and Ottawa. Altogether, the properties are worth an estimated $300 million to $400 million.

51. Leslie Dan: $922 million

Viventia Biotech, of which Dan had a controlling stake, ceased to be a public company in December 2005. Viventia will continue to develop Proxinium, a drug to treat head and neck cancer, currently in its second phase of global clinical trials.

52. JR Shaw: $917 million

The booming western economy has been a bonus for the cable baron. Demand for Shaw Communications' cable and telephone services has surged, helping net income almost triple in 2006.

53. Robert Miller: $891 million

It's rumoured that a photograph of the reclusive Future Electronics Inc. founder and CEO has never been published, and that he has a private entrance to his office. Things got even stranger this year when it was reported that Miller plans to have himself cryogenically frozen upon death. He's also invested in a "revival trust," which allows him to reclaim his millions when he thaws out.

54. Saul Feldberg: $874 million

The Global Group, Feldberg's privately owned company, celebrated its 40th anniversary in May. Founded in 1966 with just six employees, today Global is the sixth-largest furniture manufacturer in the world.

55. Alfredo (Fred) DeGasperis: $868 million

In October, the president of Metrus Development Inc. received praise from the mayor of Richmond Hill, Ont., for donating $1 million toward a performing-arts centre. Just north of the city, however, some politicians weren't so pleased. In September, the deputy mayor of Aurora criticized Metrus for banning pole-to-pole clotheslines in its housing developments.

56. Lawrence Ho: $866 million

The prince of Macau: Casino magnate Lawrence Ho wants to bring the bright lights of Vegas to big Asian gaming. A Rich 100 debut.

57. Mitchell Goldhar: $847 million

Goldhar's privately held development company, SmartCentres Inc., sold 16 of its malls to Calloway REIT in October in a blockbuster $1-billion deal. Goldhar, who is also the largest individual shareholder in Calloway, got a win-win deal, netting both the cash and a bump in the value of his units.

58. Frank Stronach: $838 million

The Magna International founder's ongoing feud with New York- based Greenlight Capital is finally reaching a resolution. After Stronach used his power to defeat a shareholder vote spearheaded by Greenlight to convert Magna's real-estate arm into an income trust, the investment firm responded with a lawsuit claiming Stronach was oppressing shareholders' rights. The case was dismissed in October when a judge ruled Greenlight did not prove its claim.

59. Vittorio (Vic) De Zen: $829 million

The founder and former chairman of Royal Group Technologies Ltd. had some kind of closure in October when his embattled company was taken over by U.S.-based Georgia Gulf Corp. But an RCMP investigation into property transactions between De Zen and Royal Group drags on, outliving the company itself and leaving a cloud over De Zen, who denies wrongdoing.

60. Lawrence Tanenbaum: $827 million

Owning stakes in a baseball team and a basketball team isn't enough for the chairman of Maple Leaf Sports & Entertainment Ltd. Tanenbaum wants to add a football team to his portfolio, too. In September, Tanenbaum confirmed he and Ted Rogers were interested in bringing an NFL franchise to Toronto, although the plan has generated little interest so far.

61. Henry (Hal) Jackman: $821 million

It took over 20 years and more than $6 million of his own money, but Jackman's dream of a new home for the Canadian Opera Company finally came true this year with the opening of the Four Seasons Centre for the Performing Arts in Toronto. The former lieutenant-governor of Ontario pledged $5 million to the centre in March, 16 years after losing $1.3 million when plans for a previously proposed opera house were cancelled.

62. Charles Sirois: $811 million

Subsidiaries of Sirois's Montreal-based Telesystem Ltd. announced $140 million in venture capital for worthy enterprises this year: $100 million for Ontario- and Quebec-based software companies through Propulsion Ventures III, and $40 million for innovative startups through ID Capital Management Inc.

63. Albert Latner: $783 million

Latner and his family kept a low profile in 2006, but their businesses, ranging from casinos to air-cargo shippers to medical laboratories, had a good year. The Latners' estimated net worth rose 9%. Their most visible property, the Niagara Fallsview Casino Resort, recently hosted the first Canadian tournament on the World Poker Tour.

64. Bob Gaglardi: $779 million

Efforts by Gaglardi's son, Tom, to purchase a professional sports team continued to be unsuccessful this year. In June, the Western Hockey League declined his $6-million offer to buy the Kamloops Blazers; while in November, the Aquilini family finalized its 100% ownership of the Vancouver Canucks. Tom Gaglardi, who runs Northland Properties Ltd., is contesting the deal in court with a hearing scheduled for next April.

65. Eugene Melnyk: $770 million

It's fitting that Melnyk's pharmaceutical company, Biovail Corp., makes the popular antidepressant Wellbutrin XL. Melnyk may need a little cheering up after a U.S. patent ruling in August paved the way for American drug makers to start manufacturing a generic version of Biovail's flagship drug earlier than predicted. That bitter pill came just one day after the Ontario Securities Commission alleged that Melnyk hadn't disclosed some of his stock trades properly, prompting a hearing next year.

66. Chan family: $761 million

Caleb Chan, dominant stakeholder in vegetable producer Hot House Growers Income Fund, sold the company to New Jersey-based Village Farms for an undisclosed amount in October. The new company, Village Farms Income Fund, is now North America's largest producer of greenhouse-grown produce, capable of supplying 63.5 million kilograms of tomatoes per year.

67. Victor Li: $730 million

Li's father, 78-year-old Li Ka-shing, announced in August that he will (continued on page 104) eventually donate at least one-third of his estimated US$18.8-billion fortune to charity. His eldest son seems to be following in his footsteps. Late last year, the Li Ka-shing (Canada) Foundation, an organization he founded in 2005, donated $25 million to St. Michael's Hospital in Toronto.

68. Greenberg family: $687 million

The Greenbergs' Minto Developments Inc. made a controversial but lucrative deal last spring to lease an Ottawa office complex to the RCMP. Having bought the former JDS Uniphase campus in 2005 for a fire sale price of $30 million, Minto will lease the property to the federal government for 25 years. Total price tag: more than $600 million.

69. Stewart Blusson: $660 million

The co-discoverer of Canada's Ekati diamond mine in the Northwest Territories had a busy year philanthropically. He and his wife, Marilyn, donated $5 million to the Vancouver Aquarium and US$10 million to the California-based X Prize Foundation. That gift will go to the first competitor to sequence 100 individual human genomes in 10 days. The X Prize is best known for a similar competition in 2004 that promoted cheap passenger space travel

70. Douglas Fregin: $651 million

The media-shy co-founder of Research In Motion Ltd. remained under the radar in 2006. But Fregin, the company's vice-president of operations who focuses mostly on product development, has obviously been busy: RIM recently launched the consumer-friendly version of its popular BlackBerry hand-held device, named the Pearl. RIM's soaring stock boosted Fregin's fortune more than 60% over the past year.

71. John Risley: $638 million

Clearwater Seafoods Income Fund, which Risley co-founded, reinstated payments of 60¢ per unit to investors in August after it was forced to suspend distributions last year. The troubled company was able to make the payments due to a boost in its scallop business, but investors haven't entirely regained faith. Clearwater's unit price is still hovering just under $5 despite selling for twice that amount when Risley took it public in 2001.

72. Peter Nygård: $632 million

Lawyers for the Finnish-born fashion mogul were kept busy in 2006. In October, a Manitoba appeals court ruled that a former Nygård employee was entitled to overtime pay, essentially invalidating employment contracts in the province that don't specify the amount of overtime required. Meanwhile, the designer's fashion company sued two Finnish tabloids for stories claiming he mistreated an employee in the Bahamas and hosted lewd parties at his Caribbean villa.

73. David Werklund: $631 million

The oilman: David Werklund has made barrels of money.

74. Ruldolph (Rudy) Bratty: $626 million

The CEO of the Remington Group was happy to see the Toronto condo boom shift to the suburbs this year. His company is currently building the largest planned mixed-use development in Canada in Markham, Ont., just north of Toronto. This summer, the mini-community's first phase of condos sold out in five hours.

75. Koschitzky family: $621 million

Roofing may not be exciting, but it certainly can be lucrative. Family-owned IKO Industries Ltd. teamed up with a rival roofing company, Missouri-based Tamko Roofing Products Inc., to open a state-of-the-art, US$100-million manufacturing plant in Tennessee. Construction began two years ago, and the facility started production in April.

76. Alain Bouchard: $612 million

At convenience-store chain Alimentation Couche-Tard's annual meeting this year, CEO Alain Bouchard boasted of the company's history of thrice doubling its size through acquisition. But Couche-Tard's reputation for acquisition hit a snag in November, when Susser Holdings, a Texas-based licensee, decided not to renew its agreement with the Quebec-based company, resulting in the loss of 315 Circle K stores in the United States.

77. Dave and Cliff Lede: $607 million

Although former Ledcor Group president Cliff Lede spends most of his time at his vineyard in Napa Valley, the family-owned construction company is keeping busy. This year, it completed a $178-million casino and resort in Alberta two months ahead of schedule, landed a $7.5-million contract for two buildings on the Prince Rupert, B.C., waterfront and will finish construction of a $65-million aerospace campus for the B.C. Institute of Technology.

78. Hassan Khosrowshahi: $592 million

The chairman of private holding company Inwest Investments Ltd. tried to get involved in the public sector this year. Iranian-born Khosrowshahi was selected to join Prime Minister Stephen Harper's public appointments commission, essentially a patronage watchdog. But after MPs rejected former EnCana CEO Gwyn Morgan's nomination as chairman, Harper dissolved the commission.

79. Molson family: $581 million

Cost reductions from last year's merger with Coors helped the world's fifth-largest brewer see profits increase by 25% in its most recent quarter. And that despite declining volumes in Canada, where the company faces competitive price pressure from discount brands such as Lakeport.

80. Leon family: $581 million

Leon's Furniture Ltd. grossed more than $700 million in 2005, and CEO Terry Leon partly attributes the company's good fortune to a higher power. The family had a Catholic priest deliver a blessing at the relaunch of a store in Winnipeg that had undergone renovations. Terry told reporters: "We're very lucky. God has been good to us."

81. Sam and Van Kolias: $560 million

Alberta's oil-fuelled economic boom has pushed up the cost of real estate, creating problems for anyone looking for affordable housing. But not for brothers Sam and Van. More than half of the property owned by their Boardwalk REIT is in Alberta. And with rents there jumping 40% this year, things are looking up for Boardwalk. (continued on page 120)

82. Belkin family: $545 million

The steadily increasing value of the Canadian Hotel Income Properties Real Estate Income Fund (about 30% in the past year) was good for Vancouver's Belkin family, which owns about one-third of outstanding units. In November, the trust, which operates 32 hotels, reported record income of $22.6 million in the third quarter.

83. Jodrey family: $544 million

After flip-flopping on the issue, Extendicare Inc. — whose multiple-voting shares were 65% owned by Nova Scotia's Jodrey family — finally converted into a real estate income trust in early November. Shares in the nursing home operator shot up almost 40% in February after it announced it was planning to reorganize.

84. Robert Gratton: $536 million

Gratton was already one of the best-paid CEOs in Canada when he stepped down from Power Financial Corp. to become its chairman, and the investment holding company continues to rake in the cash. Power received $350 million in July through a share buyback program with German media giant Bertelsmann AG.

85. Pierre Karl and Érik Péladeau: $534 million

Problems continued to plague Quebecor Inc.'s Sun newspaper chain this year as the company laid off another 120 employees in June. The Toronto Sun, the chain's flagship paper, is losing readers and advertising revenue, and Pierre Karl isn't ruling anything out in terms of ways to fix the paper. That includes potentially axing the Sunshine Girl.

86. Michael Potter: $529 million

Retirement doesn't have to be boring. Just ask Potter. After leaving his software company, Cognos Inc., in 1995, he went on to create Vintage Wings of Canada, a foundation to maintain vintage aircraft. The collection consists of eight planes that are put on display for veterans and schoolchildren, and are occasionally flown for special events, sometimes by Potter himself.

87. Charles (Chuck) Fipke: $513 million

The diamond explorer donated $6 million to UBC Okanagan in September to help finance the construction of a new study centre to be named the Fipke Centre for Innovative Research. Fipke is a graduate of the school, and credits his success to the education he received there.

88. Jack Cockwell: $501 million

89. Randall Moffat: $495 million

Winnipeg's former cable TV baron made headlines in 2001 when he donated a record $100 million to the city's community foundation. This year, in recognition of his philanthropy, Moffat was made an officer of the Order of Canada in a ceremony alongside Research In Motion Ltd.'s Mike Lazaridis and Onex Corp.'s Gerry Schwartz.

90. Bill Comrie: $491 million

The founder of the Brick Group Income Fund not only saw his company's operating revenue shoot to more than $1 billion last year, he received the Order of Canada in July. The Edmonton-based company is in the process of bolstering its brand name by folding some of its subsidiaries under the Brick banner.

91. John Bragg: $490 million

EastLink, Bragg's privately owned telecommunications company, could be facing stiffer competition in the future. In April, the CRTC ruled it would allow telephone companies to set their own rates in markets where the incumbent has lost at least 25% of its subscribers to a competitor (continued on page 124) and has given the rival access to its network for at least six months. Competitor Bell Aliant claims EastLink has scooped up at least 33% of the residential market in Halifax.

92. Jack Cowin: $480 million

Australia-based, Ontario-born fast-food mogul Jack Cowin is taking a different approach to attracting customers to his Hungry Jack's franchise. While other burger joints are crafting healthier menus, Cowin is fattening up Hungry Jack's offerings, a move that he says resulted in 6% store growth in the past year.

93. André Chagnon: $474 million

The Lucie and André Chagnon Foundation, formed by the former head of Quebec cable company Vidéotron, was busy doling out cash to charities this year, including $200 million to fight childhood obesity and $5.75 million to treat female drug addicts and their children.

94. Aldo Bensadoun: $473 million

Aldo Group Inc. lassoed a handful of big-name celebrities to participate in its "Aldo fights AIDS" campaign launched last spring, including Avril Lavigne, Adrien Brody and Ludacris. The campaign has raised more than $2 million to date.

95. Lee Ka Lau: $470 million

The founder of ATI Technologies Inc., as well as its former vice-president of strategic planning, watched the Markham, Ont.- based company struggle over the past few years with bloated inventories and erratic profits. But the thrill ride is finally over for shareholders. California-based Advanced Micro Devices Inc. scooped up ATI in late October at US$21.36 per share.

96. Robert Beamish: $466 million

Beamish's Woodbridge Group, maker of foam products for the auto industry and the largest producer of polyurethane foam products in the world, will soon expand into India. In May, Woodbridge confirmed that it's entering into a joint venture with Indian company Sheela Foam to build up to three manufacturing plants in the Asian country over the next three years.

97. Isadore Sharp: $460 million

The Four Seasons founder and CEO recently announced plans to take the luxury hotel operator private as part of a consortium including Microsoft founder Bill Gates and Saudi Prince Alwaleed Bin Talal. Sharp will remain as CEO and also receive $280 million as part of a long-term incentive plan while retaining 10% of the company he started in a rundown Toronto neighbourhood 45 years ago.

98. de Gaspé Beaubien family: $430 million

François de Gaspé Beaubien, chairman and CEO of Montreal-based advertising firm Zoom Media, co-chaired the first Canada 2020 Conference in June. Held in Mont Tremblant, Que., it was a two-day forum on social and environmental policy that attracted such speakers as former U.S. vice-president Al Gore, economist Jeffrey Sachs and Lewis Lapham, writer and editor emeritus of Harper's Magazine.

99. Louise Blouin MacBain: $425 million

The Louise T. Blouin Institute opened in London in October. The $44-million facility will showcase art exhibitions, performances, lectures, debates and workshops. The institute is the latest project of MacBain's eponymous foundation, one that has a vague, though lofty, goal: "To promote culture and creativity and their role in making societies stronger."

100. Lawrence Stroll: $422 million

Stroll bailed out of troubled London jeweller Asprey & Garrard this year. He invested millions in the company in 2000, but his Michael Kors fashion label may make up for that loss with plans to open 100 stores in the United States by 2009.

SteelTown
Feb 24, 2007, 8:36 PM
Oh yea forgot about Michael DeGroote another billionaire from Hamilton. Hell McMaster University is pretty much Michael DeGroote's University now, everything named after him.

I doubt Ron Joyce has a billion from Tim Hortons.

Doug
Feb 24, 2007, 8:44 PM
^Ron Joyce has lived in Calgary since the mid 90's.

trueviking
Feb 24, 2007, 9:05 PM
As for Winnipeg I think there is two: The Aspers and the Richardsons. I'm not really sure they live in Winnipeg, but are considered Winnipeggers.

the richardsons and aspers (exceept david) all live in winnipeg.

4 winnipeggers on the top 100 list.

richardson
asper
nygaard
moffat

not sure why earnest rady isnt counted on this list...he is worth $2.2b...lives in california now, but was born in winnipeg, graduated from the u of m, has lots of family here, and is philanthropic in the city....as canadian as the e-bay guy.

of course the bronfman family started in winnipeg too.:D

SteelTown
Feb 24, 2007, 9:11 PM
^Ron Joyce has lived in Calgary since the mid 90's.

Joyce has residence pretty much all across Canada and USA, including a famous Fox Harbour resort in Nova Scotia.

Brokenhead
Feb 24, 2007, 9:12 PM
Four Winnipeggers are on the list, but only two are Billionaires.

But 4 in the top 100 is still 4% of Canada's richest people.


Is Ernest the one that have almost been robbed? Someone broke into his house, but he only had Canadian money on him (because he returned from a furneal in Winnipeg), and the robber didn't want it so he left with almost nothing.

newflyer
Feb 24, 2007, 9:15 PM
the richardsons and aspers (exceept david) all live in winnipeg.

4 winnipeggers on the top 100 list.

richardson
asper
nygaard
moffat

not sure why earnest rady isnt counted on this list...he is worth $2.2b...lives in california now, but was born in winnipeg, graduated from the u of m, has lots of family here, and is philanthropic in the city....as canadian as the e-bay guy.

of course the bronfman family started in winnipeg too.:D


I am glad to see Peter Nygard on that list.. even though he is legally a resident of Bahamas (for tax reasons).. he is a Winnipeger and does maintain significant portion of his fashion empire based in Winnipeg. He is also negociating with the province to build a large IT/commerce training centre in the city.

I am still holding out for the completion of Nygard Village.. it has alot of potencial. I realize a big part of it has been put on the back burner, but with all the development happening in the east exchange it will continue to grow into a very attractive project. Condos, retail, muesum, offices and a possible IT training centre.. talk about a mixed used development.

Also don't forget the Leon family...

Calgarian
Feb 24, 2007, 9:20 PM
I never knew we had so many billionaires, how does that stack up to the rest of the world?

mersar
Feb 24, 2007, 9:54 PM
According to Forbes the US has ~370, out of the 476 they list from around the world for 2006. They also only list 22 from Canada (based off citizenship). And only 20 that actually live in Canada.

BiloQuebecCity
Feb 24, 2007, 9:59 PM
I'm confused... according to Forbes there are 22 billionaires in Canada. The following is a list of them with their world rank (and hence Canadian rank):

9 - Kenneth Thomson and family, 82, $19.6, publishing - Toronto
59 - Galen Weston and family, 65, $8.4, retail - Toronto
106 - James, Arthur and John Irving, $5.5, oil - Saint John
114 - Jeffrey Skoll, 41, $5, eBay - U.S. (born in Montreal)
174 - Paul Desmarais, 79, $3.8, finance - Montreal
181 - Bernard (Barry) Sherman, 64, $3.7, drugs - Toronto
194 - Jim Pattison, 77, $3.5, diversified - Vancouver
224 - Robert Miller, 60, $3, Future Electronics - Hong Kong (born in ?)
224 - Edward Rogers, 72, $3, media - Toronto
258 - Charles Bronfman, 74, $2.7, liquor - Montreal
317 - Emanuele (Lino)Saputo and family, 69, $2.4, dairy - Quebec City
335 - Wallace McCain, 76, $2.3, food - Toronto
365 - Michael Lee-Chin, 55, $2.1, mutual funds - Toronto
382 - Clayton Riddell, 68, $2, oil and gas - Calgary
486 - Daryl Katz, 44, $1.6, pharmacies - Edmonton
486 - Alexander Shnaider, 37, $1.6, steel - Toronto
512 - Jean Coutu, 78, $1.5, pharmacies - Quebec City
512 - Stephen Jarislowsky, 80, $1.5, asset management - Montreal
562 - N. Murray Edwards, 46, $1.4, oil and gas - Calgary
562 - Guy Laliberte, 46, $1.4, Cirque du Soleil - Montreal
746 - Calvin Ayre, 44, $1, Bodog.com - U.S. (born in Saskatchewan)
746 - David Cheriton, $1, Google - U.S. (born in ?)

Jean Coutu and Lino Saputo are both from Montreal. There has been ONCE a billionaire in Quebec City and it was Germain Lamonde, founder and CEO of Exfo but it lasted only one year, with the techno bubble. And I dont know why the Bronfmans are still considered Montrealers?

Calgarian
Feb 24, 2007, 10:21 PM
According to Forbes the US has ~370, out of the 476 they list from around the world for 2006. They also only list 22 from Canada (based off citizenship). And only 20 that actually live in Canada.

Forbes probably bases it on 1 billion $USD which would be $1.6 billion CAD.

shappy
Feb 24, 2007, 10:35 PM
Jean Coutu and Lino Saputo are both from Montreal. There has been ONCE a billionaire in Quebec City and it was Germain Lamonde, founder and CEO of Exfo but it lasted only one year, with the techno bubble. And I dont know why the Bronfmans are still considered Montrealers?

Forbes just said "Quebec" for Coutu and Saputo so I assumed Quebec City... I guess they were talking about the province. As for the Bronfmans, the info was from 2003.

ReginaGuy
Feb 24, 2007, 10:38 PM
:previous: Would make sense, but based on today's rate, $1 Billion USD would be $1.159 Billion Canadian, which isn't that much different

jeffwhit
Feb 24, 2007, 11:59 PM
My roommate's father is worth a measly quarter billion.

malek
Feb 25, 2007, 12:12 AM
Where's the owner of CGI, he came out from Quebec city, launching his startup in his garage at age 26.

Now with over a 100 offices worldwide, 25000+ employees and annual revenues of 3.1B$ a year with 12B$+ in contracts.

http://www.cgi.com/cgi/pdf/cgi_broc02_letter_cgi_at_a_glance.pdf

Brokenhead
Feb 25, 2007, 2:36 AM
Anyhow,

Projects proposed by or named after Winnipeg's billionaires are:

The Aspers

"The Asper School of Business" at the U of M.

Proposed Canadian Human Rights Museum (Gail)
http://www.cbc.ca/manitoba/imagegallery/museum2005/images/04.jpg

Proposal of a new Blue Bomber Stadium and Retail (David)
http://blueandgold.ca/Images/sm-b-night-1012.jpg


The Richardsons

The Richardson Building
http://www.emporis.com/files/transfer/5/2004/07/287768.jpg

James A. Richardson Airport (formally Winnipeg Int. Airport, was renamed to JAR, but was suppose to be renamed when the new terminal opened in 2009)
http://img83.imageshack.us/img83/2320/resizeof06retouchedaericd2.jpg


There may be more, but those are the ones I know of.

vid
Feb 25, 2007, 3:09 AM
I was wondering where that James A Richardson came from.

Thunder Bay has zero. I think our richest resident is actually well under the million dollar mark, as well. The richest person in the CMA is probably a lawyer or doctor in Shuniah. There has to be a reason Shuniah's average income is 50,000$.

eemy
Feb 25, 2007, 1:28 PM
I don't know if there are more, but I'm pretty sure both Jim Balsillie and Mike Lazaridis live in Waterloo. Not bad for a region of half a million.

habsfan
Feb 26, 2007, 3:40 AM
Jean Coutu and Lino Saputo are both from Montreal. There has been ONCE a billionaire in Quebec City and it was Germain Lamonde, founder and CEO of Exfo but it lasted only one year, with the techno bubble. And I dont know why the Bronfmans are still considered Montrealers?Both Jean Coutu and Lino Saputo are in Montreal. Both companies are based here!

As for the Bronfmans, the family lives here and Charles splits his time between Montreal and NYC. But like i said earlier, Stephen (future heir) and the rest of the family they are in Montreal!

That would make 7 billionaires for Sin City!

Taller Better
Feb 26, 2007, 3:51 AM
Not a clue.

Taller Better
Feb 26, 2007, 3:55 AM
Here's an article that might help: http://www.cbc.ca/money/story/2006/12/04/rich.html

On the Forbes list, the Aspers and Richardsons don't show up. The Richardsons have about 1.9 billion, and the Aspers have about 1.1 billion (I presume in Canadian Dollars).

It is possible that it is just the top billionaires, not all the billionaires. And, if a person is worth anything close to the one billion figure, it can be very "iffy" as to whether they are actually wealthy millionaires, or billionaires. The Aspers might have been billionaires had they not decided to lose a ton of money every month on their vanity paper The National Post.

trueviking
Feb 26, 2007, 5:13 AM
what does 'top' billionaires mean?...either you have a billion dollars or you dont.....the aspers have had about the same amount of money in the canadian business rankings for the past 5 years ($1.1b-$1.2b), although their ranking has dropped from the low twenties to high forties in the last couple....due in some part to money losing ventures like the national post, as you suggest.

the kids dont run that business like daddy used to....they are a sinking ship in my opinion.

for the winnipeggers it is interesting that 4 years ago the aspers and richarsons had almost the same worth...today the richardsons have almost doubled the aspers....and with their recent take over of Agricore and the asper's deal for Alliance Atlantis, that spread will likely grow.

Taller Better
Feb 26, 2007, 5:20 AM
what does 'top' billionaires mean?...either you have a billion dollars or you dont.....the aspers have had about the same amount of money in the canadian business rankings for the past 5 years ($1.1b-$1.3b), although their ranking has dropped from the mid twenties to high forties in the last couple....due in some part to money losing ventures like the national post, as you suggest.


Most of these rankings are simply "guesses"... journals and newspapers rarely know precisely how much money a billionaire has.. they just approximate. I am saying if your estimated worth is around one billion, then probably not all yardsticks will indicate the person is actually a billionaire.

"what does 'top' billionaires mean?"

I don't know how to answer that. Could I have said it any more clearly? What is there not to understand? Someone with 100 billion dollars is more of a 'top' billionaire than someone with 1.1 billion dollars. Today's Billionaires are yesterday's millionaires.. there are tons of them and maybe all of them couldn't fit in the journal.

trueviking
Feb 26, 2007, 5:24 AM
yeah but the forbes list has their numbers beside it....it is clear they are not only including people well above the billion mark...the last guy is worth exactly a billion....the aspers are not worth $1b USD and should not be on the forbes list, but the richardsons are worth almost 2 billion and are not on that list....there are a number of people on the canadian business list that are not on the forbes list.

shappy
Feb 26, 2007, 5:28 AM
I guess Winnipegers aren't worthy... :frog:

trueviking
Feb 26, 2007, 5:43 AM
that's true....

g-nett
Feb 27, 2007, 2:36 AM
Forbes probably bases it on 1 billion $USD which would be $1.6 billion CAD.

Check the exchange rate! It is only 16% now which would mean that $1 billion U.S. would be $1.16 billion Canadian. Don't forget that our dollar has increased greatly against the greenback in the past couple of years.

MaThQc
Feb 27, 2007, 6:42 AM
Jean Coutu and Lino Saputo are both from Montreal. There has been ONCE a billionaire in Quebec City and it was Germain Lamonde, founder and CEO of Exfo but it lasted only one year, with the techno bubble. And I dont know why the Bronfmans are still considered Montrealers?

Marcel Adams is a family in Quebec City. Ils ont les Galeries de la Capitale entre autres et sont impliqués pour un éventuel retour des Nordiques.

MTL-514
Feb 27, 2007, 7:52 AM
Jean Coutu and Lino Saputo are both from Montreal. There has been ONCE a billionaire in Quebec City and it was Germain Lamonde, founder and CEO of Exfo but it lasted only one year, with the techno bubble. And I dont know why the Bronfmans are still considered Montrealers?

does that bother you? a good part of the Bronfman family still lives in Montreal: Charles Bronfman's son Stephen and his family (as habsfan said), and Charles's sister (and reknowned philanthropist-architect-urbanist) Phyllis Lambert, for example. while it is sad that Charles and Andrea chose to leave Quebec, like so many others, the Bronfman family is still intimately linked to Montreal in many ways... being the founders of multiple cultural, social and health institutions, and the builders of several major university faculties and buildings. plus their influence on Montreal architecture (most notably Mies Van der Rohe's Westmount Square) and sports and history. I think it's a bit quick of you to begin celebrating the successful expulsion of yet another one of Quebec's les autres families...

MTL-514
Feb 27, 2007, 8:03 AM
224 - Robert Miller, 60, $3, Future Electronics - Hong Kong (born in ?)


a Montrealer as well (Future Electronics is still based here, I believe...?)

other Montrealers mentioned above include David Azrieli (CanPro and other real estate), Aldo Bensadoun (the Aldo shoe empire) and I believe Lawrence Stroll(?). The Reichmanns were also Montrealers once upon a time.

malek
Feb 27, 2007, 1:13 PM
does that bother you? a good part of the Bronfman family still lives in Montreal: Charles Bronfman's son Stephen and his family (as habsfan said), and Charles's sister (and reknowned philanthropist-architect-urbanist) Phyllis Lambert, for example. while it is sad that Charles and Andrea chose to leave Quebec, like so many others, the Bronfman family is still intimately linked to Montreal in many ways... being the founders of multiple cultural, social and health institutions, and the builders of several major university faculties and buildings. plus their influence on Montreal architecture (most notably Mies Van der Rohe's Westmount Square) and sports and history. I think it's a bit quick of you to begin celebrating the successful expulsion of yet another one of Quebec's les autres families...

stop being an ass, don't put words in his mouth.

Another one to join the club is soon to be billionaire CEO of Garda security: Stephan Cretier.

habsfan
Feb 27, 2007, 2:34 PM
other Montrealers mentioned above include David Azrieli (CanPro and other real estate),

Had the opportunity to meet the old man last year at a business function. Seemed like a nice enough guy...then again, i only sopke with him for 5 minutes!

At teh time I had no Idea how rich the old fart was!

West_aust
Feb 27, 2007, 2:42 PM
a Montrealer as well (Future Electronics is still based here, I believe...?)

other Montrealers mentioned above include David Azrieli (CanPro and other real estate), Aldo Bensadoun (the Aldo shoe empire) and I believe Lawrence Stroll(?). The Reichmanns were also Montrealers once upon a time.
Future Electronics is indeed based in Montreal, in the suburb of pointe-claire to be more precise

Lawrence Stroll does live in Montreal among other cities

MolsonExport
Feb 27, 2007, 3:14 PM
Where is the Ogilvie spoonman? :D

BiloQuebecCity
Feb 27, 2007, 3:20 PM
Marcel Adams is a family in Quebec City. Ils ont les Galeries de la Capitale entre autres et sont impliqués pour un éventuel retour des Nordiques.


Marcel Adams doesnt own Les galeries de la capitale, he sold it to the Canadian pension plan last year... And Marcel Adam's sons have now taken over the company and they work from montreal.

BiloQuebecCity
Feb 27, 2007, 3:41 PM
does that bother you? a good part of the Bronfman family still lives in Montreal: Charles Bronfman's son Stephen and his family (as habsfan said), and Charles's sister (and reknowned philanthropist-architect-urbanist) Phyllis Lambert, for example. while it is sad that Charles and Andrea chose to leave Quebec, like so many others, the Bronfman family is still intimately linked to Montreal in many ways... being the founders of multiple cultural, social and health institutions, and the builders of several major university faculties and buildings. plus their influence on Montreal architecture (most notably Mies Van der Rohe's Westmount Square) and sports and history. I think it's a bit quick of you to begin celebrating the successful expulsion of yet another one of Quebec's les autres families...

Nope it doesnt bother me I dont really care about the bronfman. But it does bother me that some of them moved assets out of Canada and avoided to pay 700 millions in capital gains taxes using a loophole in the laws.

And why do you always overeact? I've never said anything about them, all I said was a simple fact about some members of the family. Is it because you have the same religion as them?

MTL-514
Feb 27, 2007, 5:16 PM
stop being an ass, don't put words in his mouth.

Another one to join the club is soon to be billionaire CEO of Garda security: Stephan Cretier.

pardon me?

maybe you are not familiar with his usual insinuations

I admit he's not as offensive as he used to be... probably before your time here.

MTL-514
Feb 27, 2007, 5:26 PM
And why do you always overeact? I've never said anything about them, all I said was a simple fact about some members of the family. Is it because you have the same religion as them?

I react to your usual bitching about anglophone quebecers. and I react equally to others like you who do the same thing. particularly when a double standard is used to criticize some for things that others of your own ethnic-linguistic-religious group don't get criticized. but to be fair, I don't fully blame you. your media is largely to blame for chosing who to direct most of the attention to

malek
Feb 27, 2007, 5:29 PM
fais moi rire.

MTL-514
Feb 27, 2007, 5:41 PM
:2cents:

BiloQuebecCity
Feb 27, 2007, 7:05 PM
I react to your usual bitching about anglophone quebecers. and I react equally to others like you who do the same thing. particularly when a double standard is used to criticize some for things that others of your own ethnic-linguistic-religious group don't get criticized. but to be fair, I don't fully blame you. your media is largely to blame for chosing who to direct most of the attention to

I criticized and bitched the Bronfmans because I said that some of them no longer live in montreal? Bullshit! Yes I'm a convinced <<separatist>> but that doesn't make me an <<anglo-bitcher>> because we don't agree on bill 101 and other issues.

trueviking
Feb 28, 2007, 6:30 AM
i've never seen a montrealler cat fight.....cool.

hilarious that bilo used the word 'convinced' to mean 'separatist'....thats kind of puts the whole thing into perspective eh?

hey you montreallers, send your billionare bronfman family back to winnipeg where they came from if you dont want them....they could speak clingon for all i care.

MTL-514
Feb 28, 2007, 8:01 AM
I criticized and bitched the Bronfmans because I said that some of them no longer live in montreal? Bullshit! Yes I'm a convinced <<separatist>> but that doesn't make me an <<anglo-bitcher>> because we don't agree on bill 101 and other issues.

I don't know what you actually believe. but I will go by the things you've had a tendency to say on this forum over the years.

I don't usually clash with people on the Quebec subforum just because they are separatists. but I do often clash with those who express anti-anglo rhetoric and other intolerant commentary and generalizations/stereotypes about minorities in quebec. I usually call them when I see them. and that usually ruffles a few feathers among some convinceds. too bad - comments that need to be denounced will be denounced - even if it means getting ganged up on by a few apologists afterwards

MTL-514
Feb 28, 2007, 8:05 AM
i've never seen a montrealler cat fight.....cool.

man you don't get onto the quebec threads very often do you... ;)

BiloQuebecCity
Feb 28, 2007, 2:43 PM
I don't know what you actually believe. but I will go by the things you've had a tendency to say on this forum over the years.

I don't usually clash with people on the Quebec subforum just because they are separatists. but I do often clash with those who express anti-anglo rhetoric and other intolerant commentary and generalizations/stereotypes about minorities in quebec. I usually call them when I see them. and that usually ruffles a few feathers among some convinceds. too bad - comments that need to be denounced will be denounced - even if it means getting ganged up on by a few apologists afterwards

So I said so many <<bad>> (example: I'm for the separation) things that simply saying that a jewish montreal family isnt living in montreal anymore makes me an ignorant racist anglo-basher? Cry me a river!!! :tantrum:

chuber
Mar 1, 2007, 12:06 AM
Does anyone know how this info gets public? At what point is it that your net worth gets published everywhere and you are okay with it?

I know one person for instance that is actually very close to making that top 100 list for Canada but you would never guess it from seeing him or his house in Edmonton. His 'winter' house in San Diego that cost him 34mil US (and I know he paid cash) and his 2mil of cars he keeps there says otherwise though. Most of his cash came from private companies in Edmonton that he fully owns. I just know he is the type that would be pissed if his name showed up on a list like that because around town he likes to be pretty low key. There must be many others with tons of money that don't want everyone to know.

Coldrsx
Mar 1, 2007, 12:41 AM
i think Edmonton is the "low key" money city in Canada...

MTL-514
Mar 1, 2007, 5:16 AM
So I said so many <<bad>> (example: I'm for the separation) things

it's not because you are a separatist, nor because you have said so. it is because of the bashing.

I thought I just said exactly that in my previous post. but since you seem to want to hear something different I guess it is worth saying again, in less words. if you need it repeated again, I can say it real slow for you.

I'm willing to let the forumers get back to the actual subject of the thread... you?

BiloQuebecCity
Mar 1, 2007, 12:20 PM
Yup, and PM me if you have any problems with anything I say.

Taller Better
Mar 1, 2007, 7:01 PM
Ok, now back to the original topic. Which city has the biggest penis? Errmmm... I mean, which city has the most billionaires? Or... we could just say, does it really matter one bit?

vid
Mar 1, 2007, 8:20 PM
How about, which city has the LEAST billionaires? ;)

I WIN!

MolsonExport
Mar 1, 2007, 9:33 PM
Which city is next in line for an IKEA? ;)

vid
Mar 1, 2007, 9:35 PM
WINNIPEG!!!! :hyper:

Taller Better
Mar 1, 2007, 9:47 PM
:haha: :haha: :haha:
It's the "I" word again!!

Brokenhead
Mar 2, 2007, 4:38 AM
What's with the IKEA stories , I heard about those threads, but what's the story?

I guess it happened before I joined.


IKEA = BANNED ???

vid
Mar 2, 2007, 8:57 AM
A mod from a city without an Ikea doesn't like other cities having an Ikea, I think. :)

It's kinda cute.

big W
Mar 2, 2007, 3:10 PM
We have a mod in Inuvik?

big W
Mar 2, 2007, 3:18 PM
Going back to the topic at hand, I am sure there are billionaires out there that no one knows about. By that I mean guys who are low key and not mentioned in any of these publications. For example the McTaggarts here in Edmonton recently did an ananomous donation to the University of Alberta for $35 million (later was revealed that it was them). These people have money but you would never know it similar to most rich people in this city.

caltrane74
Mar 2, 2007, 4:09 PM
Ken Thomson was the biggest, billionaire in Toronto. But as is the cases with Billionaires.

....they die. and give their fortunes to all the little kids in africa.

caltrane74
Mar 2, 2007, 4:25 PM
17. Alex Shnaider: $2.01 billion

The 38-year-old steel magnate faced a difficult decision this year: whether to sell Midland F1 Ltd., the motor sport division of his holding company, Midland Group. Shnaider purchased the Formula One racing team in 2005, and rumours that he was looking to sell circulated soon after, partly because Shnaider told media he'd part with the team if the right offer came along. It did in September: US$106.6 million from Dutch company Spyker, more than twice the amount Shnaider paid.


BTW : This is the man behind the Trump Tower Toronto.......

Doug
Mar 2, 2007, 6:27 PM
yeah but the forbes list has their numbers beside it....it is clear they are not only including people well above the billion mark...the last guy is worth exactly a billion....the aspers are not worth $1b USD and should not be on the forbes list, but the richardsons are worth almost 2 billion and are not on that list....there are a number of people on the canadian business list that are not on the forbes list.

Often it is hard to quantify the wealth of individuals whose fortunes are tied up in non-publically traded corporations. The Richardsons are a great example as is the Mannix family in Alberta.

BTW, I went to junior high with one of the Richardsons in Calgary (his mother is a Richardson). They lived a good life, but nowhere near as extravagent as one would expect.

GDS
Mar 2, 2007, 6:37 PM
stop being an ass, don't put words in his mouth.

Another one to join the club is soon to be billionaire CEO of Garda security: Stephan Cretier.

Not even close to a billionaire.

boden
Mar 2, 2007, 11:35 PM
How about, which city has the LEAST billionaires? ;)

I WIN!

:haha: Belleville

Brokenhead
Mar 3, 2007, 1:36 AM
Does anyone knows how many billionaires are in Saskatchewan? if there is any?

One thing about those lists, they don't tell which city some of them live.