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Wealthiest Canadians

October 9, 2011 by staff 

Wealthiest CanadiansWealthiest Canadians, Canadian Business Magazine is out of the top 100 richest Canadians, and one in 10 live and work in Calgary.

Toronto’s Thomson family, which has topped the list for years, saw his enormous wealth and reduced to 21.34 billion.

A little worse this year was the number two supermarket magnate Galen Weston, who has a fortune of one billion and 8.

Oil barons, the Irving family, came in third place and $ 7.8 million and the Rogers family, owners of 660News, came in fourth place and 5.94 million.

Here in Cowtown, Mancala owners Fred and Ron Mannix Group are the richest people locally and ninth in the overall list with a fortune of one billion and 3.44.

Founder, Chairman and CEO of Paramount Resources, as well as one of the owners of the Calgary Flames, Clay Riddell, was the next in line and eleventh in the country and 3.19 million dollars.

“Thanks in large part to what we have seen, rising energy prices have benefited the people who are invested in oil and energy and has been a major beneficiary of that,” says Deputy Director Canadian businessman James Cowan.

Co-owner of the Calgary Flames and Natural Resources Canada, Murray Edwards, is not far behind with Riddell and 2.47 million.

“I think it reflects some of these people have had a significant increase in wealth, which is doing well, but when you compare someone like Chip Wilson, who is not doing so well,” says Cowan.

Other names to make the cut at the local level are the media magnate JR Shaw, Ronald South Atco, co-founder Ron Joyce and Tim Horton Werklund David.

He says most of the people whose fortunes rose have money invested in commodities, while the manufacturing sector did not fair well.

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