Canada is home to some of the wealthiest individuals globally, many of whom have built their fortunes through innovation, strategic investments, and business acumen. These billionaires play a significant role in shaping the country’s economy and influencing industries worldwide. Here’s a closer look at the top 10 richest people in Canada in 2025:
10. Chip Wilson
Net Worth: $5.9 billion
Industry: Retail (Lululemon)
Chip Wilson, the founder of Lululemon, revolutionized athletic wear with his iconic brand. He opened the first Lululemon store in 2000, targeting yoga enthusiasts. The company’s popularity soared, and by 2007, it was publicly traded. Wilson served as CEO until 2013 and exited the company completely in 2015. His vision and innovation continue to resonate in the activewear market.
9. Tobi Lütke
Net Worth: $6.5 billion
Industry: Technology (Shopify)
Tobi Lütke, the CEO and co-founder of Shopify Inc., helped create one of the most popular platforms for online businesses. With approximately 6% ownership in Shopify, his wealth has grown alongside the company’s global expansion. Shopify’s user-friendly tools have empowered countless entrepreneurs, making Lütke a pivotal figure in Canada’s tech industry.
8. Arthur Irving
Net Worth: $6.6 billion
Industry: Energy (Irving Oil)
Arthur Irving, owner of Irving Oil, oversees operations ranging from gas stations to oil refining. His business acumen and focus on innovation have cemented his position among Canada’s wealthiest.
7. Alain Bouchard
Net Worth: $7.4 billion
Industry: Retail (Alimentation Couche-Tard)
Alain Bouchard co-founded Alimentation Couche-Tard Inc., a global convenience store chain with over 14,000 stores. His strategic vision has driven the company’s growth, earning him a net worth of $7.4 billion.
6. Anthony von Mandl
Net Worth: $7.4 billion
Industry: Beverage (Mark Anthony Brands)
Anthony von Mandl built his fortune with Mark Anthony Brands, the creators of White Claw Hard Seltzer and Mike’s Hard Lemonade. His innovative branding has made his products household names in North America.
5. Joseph Tsai
Net Worth: $8.6 billion
Industry: E-commerce (Alibaba)
Joseph Tsai, co-founder of Alibaba, has a significant stake in the company, propelling his net worth to $8.6 billion. He is also known for his philanthropic efforts and investments in sports, including ownership of the Brooklyn Nets.
4. Jim Pattison
Net Worth: $9.1 billion
Industry: Diversified (The Jim Pattison Group)
Jim Pattison’s empire spans 20 business divisions, from packaging to entertainment. His entrepreneurial spirit has grown his business into a global powerhouse.
3. David Cheriton
Net Worth: $14 billion
Industry: Technology (Google Investments)
David Cheriton, a retired Stanford professor, made one of the most lucrative investments of all time by backing Google (now Alphabet Inc.) in its early days. His foresight has rewarded him handsomely.
2. Changpeng Zhao
Net Worth: $33 billion
Industry: Cryptocurrency (Binance)
Changpeng Zhao, also known as CZ, is the founder of Binance, one of the largest cryptocurrency exchanges globally. His innovative approach to crypto trading has earned him a staggering net worth.
1. David Thomson & Family
Net Worth: $67 billion
Industry: Media (Thomson Reuters)
David Thomson and his family control Thomson Reuters Corporation, a global media and information services powerhouse. Their empire spans multiple sectors, reinforcing their status as Canada’s wealthiest family.
Key Takeaways
- Innovation is Key: Figures like Chip Wilson and Tobi Lütke disrupted traditional markets with new ideas.
- Diversification Works: Jim Pattison’s multi-industry approach highlights the value of spreading risk.
- Early Investments Pay Off: David Cheriton’s success underscores the potential of early-stage investments.
- Global Thinking: Joseph Tsai and Changpeng Zhao illustrate the benefits of expanding beyond local markets.
Final Thoughts
Canada’s top billionaires are not just wealthy individuals; they are visionaries who have reshaped industries and influenced global markets. Their journeys remind us that success often comes from a mix of hard work, innovation, and a willingness to take risks. As we look to the future, these leaders set the bar for what’s possible in business and beyond.
