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The Rich 100: Canada's wealthiest people

From Canadian Business magazine,

The Rich 100: Canada's wealthiest people

Our list of the 100 most affluent Canadians, now with more billionaires than millionaires.

By John Gray, Megan Harman, Lauren McKeon, Zena Olijnyk, Regan Ray

Article Tools

This year’s Rich 100, our 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’s 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.

We also welcome two new members: mining investor Rob McEwen, and Dennis (Chip) Wilson of yoga apparel firm Lululemon Athletica (TSX: LLL). (We track Wilson’s ascent to billionairehood on page 140.) Additionally, while we saw the return of home builders the Libfeld family, who last made an appearance on the Rich 100 in 2005, we said 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 was compiled by editor Alex Mlynek, associate editor Graham F. Scott, data manager Phil Froats and reporter-researcher Regan Ray. To estimate the net worth of the Rich 100 and potential candidates, the team analyzed proxy statements, insider-trading reports and many other sources. The cutoff date for exchange rates and stock prices was Oct. 12.