1. Kenneth Thomson and family: $22.03 billion
It was a very good year for the Thomson Corp. The information company sold its Thomson Media group to Investcorp for US$350 million and gobbled up at least 10 companies of all types and sizes. This fall, it announced it was selling $900 million worth of notes to partially fund the redemption of $1.2 billion worth of debt securities.
2. Galen Weston: $8.67 billion
Low-carb diets dealt a blow to Weston's food empire this summer as consumers avoided white-flour bakery products; second-quarter earnings took a 27% dive — the biggest in four and a half years. In September, Weston's supply of Wonder Bread became tenuous as its supplier, Interstate Bakeries Corp., filed for bankruptcy protection, blaming diet preferences, heavy debt and high costs.
3. Jeff Skoll: $6.66 billion
The former eBay president founded Los Angeles-based Participant Productions in January, and he wants to fund four to six “socially relevant, commercially viable” feature films annually. He expects the cost of these Gandhi-like movies will average US$20 million each.
4. James (J. K.), Arthur and John (Jack) Irving: $4.99 billion
In March, Irving Oil Ltd. was the first Canadian company to be named North American Refiner of the Year by Texas-based Hart Energy Publishing, a major energy sector publisher. The award recognizes refiners with exemplary achievements in areas such as producing clean fuels and dedication to environmental performance.
5. James (Jimmy) Pattison: $4.17 billion
Pattison and his guests had a scare this September when they were evacuated from his 150-foot luxury yacht after a fire broke out in the engine room. The high-profile guests included former B.C. premier Glen Clark, Time Inc. CEO Ann Moore and Michael Korenberg, vice-chairman of the Jim Pattison Group.
6. Paul Desmarais Sr.: $3.94 billion
The 77-year-old Montreal financier snatched up French publisher Groupe Moniteur in March through his Paris-based private equity firm, Sagard SAS, for US$335 million.
7. Saputo family: $2.78 billion
In August, Lino Saputo, founder of North America's fourth-largest cheese producer, bought an 80% stake in Place Victoria, a downtown landmark and home of the Montréal Exchange, for an undisclosed price. The one-million-square-foot building is worth approximately $250 million.
8. Bernard (Barry) Sherman: $2.5 billion
The largest Canadian pharmaceutical company claims to have made the largest pharmaceutical investment in Canadian history: in November, Sherman's Apotex Inc. invested $627 million to open four new R&D and production facilities in the Toronto area and created 1,500 new scientific and engineering jobs.
9. David Azrieli: $2.26 billion
The 82-year-old real estate mogul received an honorary doctor of architecture degree from Carleton University last November, complementing his four other honorary doctorates.
10. Edward (Ted) Rogers Jr.: $2.21 billion
Rogers Wireless made headlines this fall when it purchased Microcell Telecommunications Inc., the parent company of Fido, for $1.4 billion. The acquisition makes Rogers the largest wireless carrier in Canada.
11. Fred and Ron Mannix: $1.91 billion
Set up nearly four years ago to manage the assets of the Mannix family, the Mancal Bank in Barbados, a private international institution, began catering to high-net-worth individuals and companies in December.
12. Jean Coutu: $1.89 billion
Coutu's pharmacy company became the fourth-largest North American drugstore chain in August when it purchased 1,549 Eckerd stores. But so far, the US$2.3-billion acquisition has only managed to drag first-quarter earnings down by 29%.
13. Charles Bronfman: $1.85 billion
On June 27, Stephen Bronfman, chairman of Claridge SRB Investments Inc. and Charles Bronfman's son, was married at his 15,000 square-foot Westmount mansion under such tight security that even the bride's identity was kept from the media until after the ceremony. About 285 guests attended the lavish ceremony.
14. Wallace McCain: $1.69 billion
Maple Leaf Foods Inc. gobbled up Schneider Foods in April for $500 million. The meaty merger expands the global company to $6 billion in sales and more than 23,000 employees. The McCain family also forked over $5 million to the National Ballet School in July.
15. Terence (Terry) Matthews: $1.62 billion
Construction started in July on Matthews' Celtic Manor resort in Wales in time for the 2010 Ryder Cup. Having won the bid to host the golf event in 2001, Matthews is spending upward of $26 million to update the Wentwood Lakes course with underground cabling for wireless cameras and to build an 85,000-square-foot clubhouse.
16. MIchael Lazaridis: $1.51 billion
See story: Men in motion.
17. Harrison McCain family: $1.48 billion
Harrison McCain, the New Brunswick farm boy who helped turn McCain Foods Ltd. into one of the world's largest frozen food companies, died in a Boston hospital in March, at the age of 76. The company reported a 2.5% increase in annual net sales and also announced plans to open a $43.3-million french fry processing facility in northeast China.
18. James Balsillie: $1.46 billion
See story: Men in motion.
19. Allan Slaight: $1.37 billion
With satellite radio growing by leaps and bounds in the United States, Slaight's Standard Broadcasting Corp. partnered with CBC/Radio Canada and Sirius Satellite Radio in February to bring the digital service to Canadians and convince the CRTC of its merits. But with shock jock Howard Stern in the mix, the group might be permanently off-air.
20. Daryl Katz: $1.32 billion
Business must be hopping for Katz's private drugstore empire. Katz Group Canada Ltd. is planning on spending between $50 million and $100 million a year building and renovating stores. The company also handed over $15 million to $20 million to rename Edmonton's hockey arena Rexall Place, and hopes the nickname “the Drugstore” catches on.
21. Bombardier family: $1.27 billion
Bad things come in threes: first Moody's Investor's Service announced on Nov. 12 that it was downgrading Bombardier debt to junk status, then its Class B shares hit a decade low of $2.53 on Nov. 15, and finally a Bombardier regional jet exploded and crashed into a Mongolian lake on Nov. 21, killing 54 people in China's deadliest aviation disaster since 2002.
22. Carlo Fidani: $1.27 billion
The real estate tycoon and chairman of Orlando Corp. sold off about $245 million of his company's industrial and office portfolio this year while continuing to collect rent from tenants in Orlando's sprawling 31-million-square-foot empire.
23. Clay Riddell: $1.25 billion
See story: Crude awakening.
24. RIchardson family: $1.25 billion
The Winnipeg-based Richardson clan, known for making its money in the grain industry, signalled a return to its roots in the financial services sector last summer when Richardson Financial Group Ltd. launched a $325-million private equity fund.
25. Stephen Jarislowsky: $1.22 billion
When asked by a reporter what he would do if he suddenly lost all of his money, the star pension fund manager and corporate governance rabble-rouser replied: “I would start another company like my own and look for even better guys to work with than I've had. Or else I would marry a very rich wife…”
26. Eugene Melnyk: $1.19 billion
The CEO of embattled pharma giant Biovail Corp. stepped down in October (he remains chairman) after handing over the reins to industry veteran Doug Squires. Melnyk, who also owns the Ottawa Senators, saw shares in his drug firm plummet amid ongoing investigations by U.S. and Canadian regulators.
27. Murray Edwards: $1.16 billion
The soaring price of crude helped push the Calgary financier and oilpatch magnate's personal net worth up more than 50% from last year. Meanwhile, the board of Canadian Natural Resources Ltd. (in which he has large holdings) delayed a decision to approve its massive $10.6-billion Horizon oilsands project in order to take a closer look at cost overruns.
28. Kruger family: $1.11 billion
A major modernization project by forestry products maker Kruger Inc. and a Quebec industrial and financial holding company poured $500 million into the Kruger Wayagamack Inc. mill in Trois-Rivières, Que. The project created 175 new jobs, consolidated 475 existing ones, paid for a new coated paper machine and modernized two other ones.
29. Leslie Dan: $1.11 billion
Since the sale of Novapharm to Israel-based Teva Pharmaceutical Industries Ltd. in 2000, the Hungarian-born mogul has kept a fairly low profile while making multimillion-dollar investments in Viventia Biotech Inc., the cancer research firm he controls with his daughter Andrea Dan-Hytman.
30. Richard Li: $1.09 billion
The youngest son of Hong Kong billionaire Li Ka-Shing, Richard uncharacteristically left the limelight to his older brother, Victor, this year. The chairman of Pacific Century CyberWorks lost 17% of his wealth on the list, mostly due to a decrease in share price.
31. Asper family: $1.09 billion
In February, the owners of CanWest Global Communications — the late Izzy Asper's wife, Ruth, and children Leonard, David and Gail — formed a voting trust to exercise control over the multiple voting shares in the company. The future of Izzy's plan for a human-rights museum in Winnipeg is on the rocks because the federal government refuses to provide funding.
32. Joseph and Ted Burnett: $1.08 billion
The Burnett brothers continued to grow their fortunes through Burnac Corp., a privately held conglomerate that includes a wholesale fruit and vegetable business, a retail food chain, one of North America's largest hydroponics vegetable-growing operations and several real estate investments.
33. Michael Lee-Chin: $1.08 billion
See story: Mutual admiration.
34. Michael DeGroote: $1.08 billion
The former transportation tycoon and one-time owner of the CFL's Hamilton Tiger-Cats made philanthropic history in December 2003 when he donated $105 million to McMaster University's medical school — the largest single cash gift to a Canadian institution.
35. Marcel Adams: $1.05 billion
Privately held commercial real estate firm Iberville Developments Ltd., run by Adams' son Sylvan, sold some of its shopping centres in Cornwall and Montreal to RioCan in May in a deal worth an estimated $100 million.
36. Sobey Family: $1.01 billion
It's not all in the family anymore. Empire Co., the parent company of successful grocery chain Sobeys, appointed its first ever unrelated chairman in September, as the company reported a 9% increase in first-quarter revenues.
37. Robert (Bobby) Julien and Delia Moog: $960 million
In October, Kolter Property Co.'s Toronto office portfolio was sold to German investors for $492 million. Kolter, which is owned by Julien and his aunt, Delia, also owns residential properties in Toronto and Florida, and the PGA village in Florida's Port St. Lucie.
38. Robert Friedland: $948 million
It's been a wild ride for the Calgary mining promoter who saw his personal net wealth skyrocket 250% in last year's Rich 100. Although shares in Friedland's Ivanhoe Mines Ltd. have since returned to more earthly levels (dropping him 18 spots on the list), his Mongolian copper and gold project continues to churn out good news.
39. Guy Laliberté: $925 million
The Cirque du Soleil ringmaster celebrated the 20th anniversary of his global empire this year in a refurbished Montreal airport hangar that reportedly featured an absinthe bar and hot tub. He recently inked a deal to produce a US$30-million Beatles show in Las Vegas and is also the proud owner of the $2,605 hot dog he won in an auction for the last wiener sold during the Montreal Expos' final home game.
40. Reichmann family: $912 million
Property tycoon Paul Reichmann stepped down as CEO of family holding company Reichmann International in October, passing the torch to his son, Barry. He will stay on as executive chairman. In June, Paul sold his remaining 38 million shares in Canary Wharf, the grand-scale office and retail development in London that brought the Reichmanns unwanted attention by going into bankruptcy protection in 1992.
41. Robert Miller: $907 million
Some millionaires would like to live forever. The secretive founder and president of Future Electronics is a major benefactor of Alcor Life Extension Foundation, and it's rumoured he will have his body frozen at death.
42. Saul Feldberg: $898 million
York University bestowed an honorary doctorate on the media-shy founder of Teknion Corp., the office furniture company that first produced a tilting chair for under $100.
43. Brandt Louie: $878 million
The head of London Drugs (the Vancouver-based eclectic chain that he owns through his late father's company, H. Y Louie Co. Ltd.) attended the World Economic Forum in Davos, Switzerland, in January with the likes of Bill Gates, Michael Dell and Steve Forbes. London Drugs continues to expand, and opened a store in Manitoba in May.
44. Charles Sirois: $860 million
The Quebec telecom entrepreneur stepped down as chairman of Telesystem International Wireless Inc. in July. The company almost went bankrupt in 2001 but, after a financial restructuring, emerged as one of Romania's top telecoms. Sirois is also behind Microcell and the Fido brand, which Rogers Wireless bought in November.
45. Ronald (Ron) Joyce: $798 million
One of the founding fathers of the Tim Hortons chain, he now owns a luxury golf resort and a chartered jet company. Joyce made headlines in June when his Fox Harb'r resort in Nova Scotia was fined $180,000 for offshore blasting.
46. Lalji family: $780 million
Larco Investments, owned by the Lalji family, is courting controversy in Vancouver as stores in its 240,000-square-foot development, dubbed Canada's first “lifestyle” centre, begin to open. Despite opposition to the $30-million expansion project, city council's hands are tied; the land is owned by the Squamish Nation, which approved of the centre.
47. Vittorio (Vic) De Zen: $758 million
In October, he was advised by the RCMP that his company, Royal Group Technologies, was part of an investigation into allegations it deceived or defrauded shareholders regarding money transferred to a luxury Caribbean resort controlled by De Zen. He denies wrongdoing, but was removed as chairman in late November over another questionable transaction.
48. Gerald (Gerry) Schwartz and Heather Reisman: $758 million
The power couple continued to focus on work this year. Schwartz's holding company, Onex, is awash with cash but he won't speculate on new acquisitions. Reisman's pride, Indigo Books & Music, is suffering quarterly losses and has decided to focus less on books and more on gifts.
49. Marco Muzzo: $742 million
The respected Toronto developer got some unfortunate attention in December 2003 when one of his buildings, the landmark Uptown Theatre in downtown Toronto, collapsed during demolition, killing one person and injuring 14 others.
50. Frank Stronach: $723 million
Despite Magna's recently announced plan to privatize its much-hyped spinoffs, Stronach's empire of auto parts companies is still a highly respected global operation. Now that daughter Belinda has left Magna for a seat on Parliament Hill, he seems to have forgotten his former political ambitions.
51. Henry (Hal) Jackman: $715 million
A former lieutenant-governor of Ontario with a family heritage in financial services and income trusts, he emerged this year as a fierce critic of fallen newspaper tycoon Conrad Black, a one-time friend. He also spoke out against bank mergers, saying they shouldn't be allowed unless the Canadian market is open to foreign competition.
52. Samuel family: $710 million
The Canadian Association of Family Enterprise and the Canadian Institute of Chartered Accountants named 149-year old Samuel, Son & Co. the Family Enterprise of the Year. The family's publicly traded business, Samuel Manu-Tech Inc., is currently experiencing record quarters. On the downside, insolvent Stelco is one of its major customers and suppliers. There could be tough times ahead.
53. Victor Li: $701 million
Once touted as Air Canada's saviour, Li pulled Trinity Time Investments Inc. out of a $650-million bailout investment in April. The older son of billionaire Li Ka-shing blamed the unions.
54. Lawrence Tanenbaum: $660 million
As part-owner of Maple Leaf Sports & Entertainment Ltd., he was in talks with the Toronto Argonauts earlier this year to jointly acquire Varsity Stadium at the University of Toronto. The deal fell through.
55. Seymour Schulich: $651 million
See story: The benefactor.
56. Alfredo (Fred) DeGasperis: $645 million
The son of the “king of the subdivision” got into a fight with the tony Rosedale Golf Club in Toronto's secluded Hogg's Hollow, over a 900-square-foot balcony on his property. Freddy DeGasperis Jr. runs Aspen Ridge Homes Ltd., part of his father's construction empire.
57. J. R. Shaw: $635 million
J. R. Shaw's cable TV giant, now run by his son Jim, jumped on the voice-over-Internet protocol (VoIP) bandwagon this year, announcing plans to team up with rival Bell Canada to offer its Digital Phone service to subscribers by next year.
58. Chan family: $615 million
Tom and Caleb Chan, the famously private brothers and philanthropists, with extensive golf course and real estate holdings in the Vancouver-Whistler area, scored a major coup recently when it was announced the Telus Skins Game would be returning to their prestigious Nicklaus North course next year.
59. Stephen and Mitchell Goldhar: $608 million
The Goldhar brothers sold nearly three dozen of their First Pro shopping centres to Calloway Real Estate Investment Trust this year, and their company was the landlord of choice for big-box chain Wal-Mart Canada Corp. That's good news for Mitchell, who also has part ownership of the trust.
60. Ronald (Ron) Southern: $595 million
The corporate cowboy and chairman of Calgary-based power and engineering giant ATCO Ltd. lost his battle with city council over a planned housing development to be built next door to his family's sprawling 300-acre equestrian park in the foothills of the Canadian Rockies.
61. Dave and Cliff Lede: $568 million
Cliff, director and former president of family-owned construction conglomerate Ledcor Group of Cos., ramped up operations at his two vineyards in California's Napa Valley. With plans to open a luxury bed and breakfast nearby, let's hope Poetry, his winery's limited-release US$89-a-bottle flagship Cabernet Sauvignon, is a big seller.
62. Peter Nygård: $552 million
The Finnish-born fashion magnate was ordered to pay over $1 million in legal costs racked up by his son's mother in a nasty child support battle. He also had his family's first home in Canada — a dilapidated coal shed in Deloraine, Man. — transported to Winnipeg where it will become the centrepiece of a fashion museum.
63. Aldo Bensadoun: $543 million
On the heels of the success of Bensadoun's flagship Aldo shoe stores in the United States, Europe and Asia, the Montreal-based retailer announced plans to expand its cheaper Transit shoe banner internationally.
64. Hassan Khosrowshahi: $540 million
After selling his big-box electronics chain, Future Shop, to rival Best Buy in 2001, Khosrowshahi has focused on investments in the pharmaceutical, retail and real estate industries. The Iranian-born millionaire, who lives in a tony Vancouver suburb with his wife, Nezhat, was reportedly B.C. Premier Gordon Campbell's most generous patron in 2003.
65. Greenberg Family: $536 million
The Greenbergs made headlines of a different kind last year when a copy of Maher Arar's 1997 lease agreement with the family's Ottawa-based Minto Developments Inc., was allegedly used by the FBI to connect the Syrian-born Canadian with an al-Qaida operative. Minto president Roger Greenberg denied any involvement.
66. Jodrey family: $514 million
With stakes in everything from seafood to nursing homes to pulp and paper, the Jodrey empire also has a 25% interest in Nova Scotia's provincially funded gas distribution project, Heritage Gas Ltd.
67. Lee Ka Lau: $511 million
After his quiet departure from ATI Technologies Inc. in 2000, Lau helped launch Dr. Robot, a Markham, Ont.-based company that recently introduced the HR6 — a walking, talking and dancing humanoid robot that also tells jokes, checks mail and fetches things.
68. Molson family: $498 million
The proposed merger between Montreal brewing dynasty Molson Inc. and Colorado-based beer maker Adolph Coors Co. left a bitter aftertaste for some Molson shareholders, prompting some stock analysts to speculate the deal could fizzle out. Meanwhile, dissident cousin Ian (a former Molson deputy chairman) pondered a hostile bid with a rival investor group.
69. Koschitzky family: $495 million
The North American construction boom kept the IKO Group, the family-owned roofing supply business, very busy in 2004. The payoff: the Koschitzky clan increased its net worth 32% since last year.
70. Robert Beamish: $493 million
The chairman helped turn Mississauga, Ont.-based Woodbridge Group into a billion-dollar company that develops and produces foam products for the automobile industry. He kept a low profile this year.
71. Pierre Karl and Érik Péladeau: $480 million
Media wonder boy Pierre Karl assumed the helm at the printing division of his family's Montreal-based Quebecor Inc. And in a bid to increase its foothold in the English-language television market, Quebecor snapped up the ailing Toronto 1 station from Craig Media Inc. in November.
72. Bill Comrie: $479 million
Comrie, founder of the Brick Warehouse Corp., has become one of Canada's largest furniture-store magnates. Comrie earned more than $270 million this year after converting his chain of more than 160 discount outlets into an income trust. Brick employees shared more than $40 million in bonuses from the offering.
73. Belkin family: $475 million
Stuart Belkin saw sweet profits this year from his family's stake in the Rogers Sugar Income Fund. The Vancouver-based family also continued to manage investments in real estate and pulp and paper through its privately owned conglomerate, Belkorp Industries Inc.
74. Lawrence Stroll: $472 million
Stroll was spotted vacationing with former Gucci designer Tom Ford on the Caribbean island of Mustique last December, prompting one local to speculate on the hatch of the “next big fashion label…right here on this tiny island.” But for now, Stroll will keep his day job as co-chairman of upscale New York fashion label Michael Kors.
75. Rudolph (Rudy) Bratty: $465 million
In June, Markham, Ont. celebrated the groundbreaking of the $18-million Rudy Bratty Centre Markham Family YMCA, set to open in a year. Bratty, head of his family's property development company, Remington Group, was a major donor.
76. Bob Gaglardi: $460 million
There will be no preferential seating for the real estate mogul at Canucks hockey games, after all. In September, it looked like Gaglardi's son, Tom, would be part of a successful $250-million bid for the Vancouver NHL team. But the deal collapsed, clearing the way for local businessman Francesco Aquilini to buy 50% of the Canucks in November.
77. Michael Potter: $423 million
Potter thrilled more than 1,500 people at the Brockville Flying Club's semi-annual fly-in breakfast when he flew by in his 1945 Spitfire, bringing the plane low for the crowd to gawk. The founder of software vendor Cognos Inc. owns two vintage planes and a yacht.
78. Leon family: $421 million
In November, the family mourned the death of matriarch Marjorie Leon, who was credited with introducing computers to the 96-year-old furniture and appliance conglomerate. Her Lebanese immigrant father started out as a door-to-door clothing salesman. The family-owned company now has sales of some $450 million a year and continues to expand.
79. Bernard, Laurent and Alain Lemaire: $421 million
Despite some tough times, the executive brothers of Quebec paper and cardboard maker Cascades Inc. stayed almost static on the list. The company, which bought out package maker Dopaco, posted losses early in the year but reported a sevenfold increase in third-quarter profits. But it looks like another bumpy year ahead: CEO Alain warned a strengthened Canadian dollar could hurt profits.
80. Robert Gratton: $410 million
The CEO of Power Financial Corp. raked in a tidy $170 million when he exercised stock options early in the year. His gain was one of the largest windfalls from stock options in Canadian history.
81. André Chagnon: $407 million
The founder and former head of cable company Vidéotron now heads up Canada's largest foundation, which helps children. He was the largest claimant of 86 investors who filed a lawsuit in February over US$570 million in losses by a U.S. hedge fund group. Chagnon had $100 million invested with the fund.
82. Gail Regan, Rosemary Phelan and Holiday Phelan-Johnson: $400 million
Shareholders of Cara Operations Ltd., the Phelan family empire founded in 1883, voted in February to allow sisters Gail Regan and Rosemary Phelan, and their niece, Holiday Phelan-Johnson, to take the $1.1-billion company private.
83. De Gaspé Beaubien family: $400 million
After selling off most of its Telemedia Corp. media assets in the past few years, the family mostly stayed out of the limelight in 2004, save for the many mentions in the Montreal Gazette's Social Notes column. In January, the family's investment firm bought floundering chartered aircraft company Starlink Aviation.
84. Allan Thorlakson: $399 million
His forestry company, Tolko Industries, won a hostile takeover bid for Riverside Forest Products. Rival firm Interfor was also in the running. The bid for Riverside was worth $377 million, and Thorlakson assumed CEO duties on Nov. 1.
85. Rémi Marcoux: $398 million
The founder of Quebec-based printer and publisher Transcontinental Inc. resigned his post as CEO in March, almost three decades after he started the company. Marcoux said Transcontinental will retain its dual-class share structure, which gives his family 62% of the votes with only 15% of the equity in the $2-billion company.
86. John Risley: $396 million
As chairman, Risley remains involved in the day-to-day operations of Clearwater Seafoods LP, the processed-fish company he founded in 1976. He is on a number of boards, including FPI Ltd., of which Clearwater is a major shareholder, owning 14.9%.
87. Peter Grant Sr.: $381 million
Grant is more than $100 million richer this year, thanks to privately held Grant Forest Product's major holding, Ainsworth Lumber Co. Its superstar stock shot up 318% over a recent 12-month period. But watch out, Peter: the darling is already starting to slide.
88. Granovsky family: $378 million
The family money-maker, Atlantic Packaging Products Ltd., is leading a clean energy project to create steam from paper mill residual biosolids and, hopefully, to reduce natural gas consumption. It is one of 10 projects Sustainable Development Technology Canada is funding with a combined total of $20.2 million.
89. Stewart Blusson: $374 million
The diamond prospector managed to avoid publicity for two years before the media discovered he had donated $30 million worth of shares in Archon Minerals Ltd. to the Sea to Sky University in Squamish, B.C., Canada's first private secular non-profit university. He is best known for his $50-million contribution to UBC in 1998.
90. Isadore Sharp: $366 million
Sharp kept rein over his lodging kingdom in May when 94% of shareholders voted down a motion to do away with the dual-share structure that gives him control over Four Seasons Hotel and Resorts Inc., even though he owns only 12% of the stock.
91. John Bragg: $362 million
In the Maritime turf war between Bragg's three-year-old EastLink Telephone and BCE's Aliant Inc., EastLink won. In April, the CRTC admonished Aliant for selling local phone service in a bundled package in areas of Nova Scotia and P.E.I. that could decrease the service price and reduce local competition.
92. Randall Moffat: $358 million
The former president of Moffat Communications and one-time co-owner of the Winnipeg Jets predicted in January that unless NHL players are willing to take a significant pay cut, no mid-size city will ever be able to afford a pro hockey team. With this year's season becoming more unsalvageable, cities of all sizes are learning what it feels like.
93. Albert Latner: $358 million
The real estate family made a killing on the merger of Canadian Apartment Properties Real Estate Investment Trust and Residential Equities Real Estate Investment Trust (ResREIT) in June. ResREIT shares owned by the family and Latner's companies combined brought in about $24 million.
94. Richard Currie: $351 million
In February, the McGill University faculty of management's 24th annual Management Achievement Award honoured Currie, former president of George Weston Ltd., for his business leadership and contributions to the community.
95. Dr. John Mull: $351 million
In February, Mull became president and CEO of two companies, CML Healthcare Income Fund and Cipher Pharmaceuticals Inc., when CML Healthcare Inc. split its laboratory testing and medical imaging business from its R&D department. He made almost $247 million by selling 33 million fund units he received in the deal.
96. Gururaj (Desh) Deshpande: $346 million
Sycamore Networks Inc., founded by Deshpande in 1998, was one of seven companies to win a contract from the U.S. Defense Department in January as part of a US$850-million plan to turn its communications system into a worldwide high-speed network. Combined, the seven companies won US$260 million worth of contracts.
97. Libfeld family: $346 million
The Libfelds, who operate Toronto's largest house and condo developers, might want to keep an eye on the condo market. A November RBC report says there is a diminishing pool of potential first-time buyers in Toronto. That means weaker demand, greater supply and price declines, or buyer incentives in the future.
98. Alain Bouchard: $342 million
A new member to the list, the CEO of Alimentation Couche-Tard started off in the convenience store business as a teenager, stocking shelves at a local depanneur. Still in his 20s, he bought two stores and started his own chain. With the October 2003 purchase of U.S.-based Circle K for $1.1 billion, Bouchard now controls North Americas fourth-largest c-store chain, with annual sales of $5.9 billion.
99. Charles (Chuck) Fipke: $342 million
Fipke, who was the first to discover diamonds in Canada's north in 1991, continues to earn an impressive amount from his 10% stake in the Ekati mine, which supplies 6% of the world's diamonds.
100. Keanu Reeves: $336 million
See story: Star power.