Michael Lazaridis
Michael Lazaridis
| Rank: | 8 |
| Networth: | $4.36 billion |
| Location: | Waterloo, Ontario |
| 2006 Rank: | 24 |
After it was revealed that stock options had been backdated at Research in Motion Ltd. this year, co-CEO Lazaridis, alongside his counterpart Jim Balsillie, volunteered to contribute up to $5 million out of his own pocket to cover costs related to the review and restatement of earnings. The backdating revelation didn’t stop RIM’s fiscal 2007 profit from increasing almost 70% from last year.