Top 10 Richest People in Canada 2025 - Billionaires List

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As of 2025, Canada stands as a nation with a robust economy, boasting a significant number of high-net-worth individuals. According to recent data, Canada is home to 63 billionaires, with a combined net worth of approximately $245 billion. Additionally, the country has about 2.3 million millionaires, reflecting its strong economic landscape.

However, recent trade tensions with the United States have introduced challenges that could impact these figures. The U.S. has imposed a 25% tariff on Canadian goods, prompting Canada to respond with tariffs on $155 billion CAD worth of U.S. goods. These measures have raised concerns about potential economic slowdowns and their effects on the wealth of Canadian billionaires and millionaires.

While Canada ranks behind the U.S., China, and Germany in billionaire count, it maintains a highly stable wealth ecosystem relative to population size. The emergence of tech figures like Tobi Lütke and David Cheriton signals a pivot away from Canada’s historical dependence on commodities and traditional sectors like oil and media.

Top 10 Wealthiest People in Canada 2025

1. David Thomson & Family

Net Worth: $54.4 billion
Industry: Media
Company: Thomson Reuters

David Thomson

David Thomson and his family control Thomson Reuters, a global leader in news and information services.

David Thomson and his family oversee Thomson Reuters, a global leader in news and information services. The family's wealth has experienced a significant increase, rising from $67 billion in 2024 to $73.7 billion in 2025, reflecting a robust growth in their media and information services holdings.

Notable Fact: Beyond media, the Thomson family holds a minority stake in Bell Canada and owns The Globe and Mail newspaper, underscoring their substantial influence in Canada's media landscape

Read more: Who is David Thomson - Richest Person in Canada: Biography, Personal Life And Net Worth

2. Changpeng Zhao

Net Worth: $60.7 billion
Industry: Cryptocurrency Exchange
Company: Binance

Changpeng Zhao

Changpeng Zhao, commonly known as CZ, is the founder and CEO of Binance, the world's largest cryptocurrency exchange by trading volume. His net worth has seen a substantial increase from $15 billion in 2023 to $61.02 billion in 2025, driven by the exponential growth of the cryptocurrency market and Binance's dominance in the industry. ​

Notable Fact: Despite facing legal challenges and regulatory scrutiny, including a $4.3 billion fine in late 2024, CZ's strategic leadership has maintained Binance's leading position in the crypto space. ​

3. David Cheriton

Net Worth: $14.3 billion
Industry: Technology
Company: Early Google Investor

David Cheriton

David Cheriton, a computer science professor emeritus at Stanford University, made a pivotal early investment in Google, which has significantly contributed to his wealth. His net worth has grown from $12.4 billion in 2023 to $14.3 billion in 2025, reflecting the sustained success of his tech investments. ​

Notable Fact: Beyond Google, Cheriton co-founded Arista Networks, a company specializing in high-performance networking solutions, further cementing his status in the tech industry.

4. Joseph Tsai

Net Worth: $8.6 billion
Industry: E-commerce
Company: Alibaba Group

Joseph Tsai is a co-founder and executive vice chairman of Alibaba Group, one of the world's largest e-commerce companies. His net worth has increased from $7.4 billion in 2023 to $11.96 billion in 2025, reflecting Alibaba's continued expansion and success. ​

Notable Fact: Tsai holds Canadian citizenship and owns the Brooklyn Nets NBA team, showcasing his diverse investment portfolio and interest in professional sports.

5. Jim Pattison

Net Worth: $9.1 billion
Industry: Conglomerate
Company: The Jim Pattison Group

Jim Pattison is the CEO and chairman of The Jim Pattison Group, a conglomerate with interests in various sectors, including media, packaging, and agriculture. His net worth has risen from $10 billion in 2023 to $11.46 billion in 2025, indicating the group's robust performance across its diverse holdings. ​

Notable Fact: Pattison's conglomerate is Canada's second-largest privately held company, employing over 48,000 people, reflecting his significant impact on the Canadian economy.

6. Tobi Lütke

Net Worth: $8.91 billion
Industry: E-commerce
Company: Shopify

Tobi Lütke

Tobi Lütke is the co-founder and CEO of Shopify, a leading e-commerce platform that enables businesses to create online stores. His net worth has grown from $6.5 billion in 2023 to $8.91 billion in 2025, reflecting Shopify's significant growth and influence in the e-commerce sector. ​

Notable Fact: Under Lütke's leadership, Shopify has become a global e-commerce powerhouse, serving over a million merchants worldwide and contributing significantly to Canada's tech industry.

7. Chip Wilson

Net Worth: $6.77 billion
Industry: Apparel
Company: Lululemon Athletica

Chip Wilson is the founder of Lululemon Athletica, a company that revolutionized athletic wear, particularly yoga apparel. His net worth has increased from $5.9 billion in 2023 to $6.77 billion in 2025, reflecting Lululemon's continued success in the global market. ​

Notable Fact: Wilson's innovative approach to activewear has left a lasting impact on the fashion industry, with Lululemon becoming a household name globally.

8. Alain Bouchard

Net Worth: $7.4 billion
Industry: Retail
Company: Alimentation Couche-Tard

Alain Bouchard is the co-founder of Alimentation Couche-Tard, one of the world’s largest convenience store chains with over 14,000 locations across North America, Europe, and Asia. His wealth grew from approximately $6.5 billion in 2023 to $7.4 billion in 2025, largely thanks to the company’s aggressive international expansion and acquisitions in the U.S. and Scandinavia.

Notable Fact: Under Bouchard’s leadership, Couche-Tard became the owner of Circle K, a global convenience store brand. His focus on operational efficiency and global scale has helped Couche-Tard weather economic volatility, including the recent trade challenges between Canada and the U.S.

9. Anthony von Mandl

Net Worth: $7.4 billion
Industry: Beverages
Company: Mark Anthony Brands

Anthony von Mandl is the founder of Mark Anthony Brands, best known for creating White Claw Hard Seltzer and Mike's Hard Lemonade. His entry into the booming ready-to-drink beverage market has propelled him to international success. Despite the challenges brought on by U.S.-Canada trade tensions, von Mandl’s heavy focus on the U.S. and European markets has helped shield his empire from significant domestic impacts.

Fact: Von Mandl owns one of British Columbia’s most prestigious wineries – Mission Hill Family Estate – blending luxury wine production with mass-market beverage dominance.

10. Arthur Irving

Net Worth: $6.6 billion
Industry: Energy
Company: Irving Oil

Arthur Irving

Arthur Irving leads Irving Oil, a key player in Canada’s energy sector, with operations ranging from oil refining to fuel distribution across Eastern Canada and New England. Trade frictions with the U.S. have introduced pressures on fuel exports and cross-border supply chains, but Irving’s longstanding partnerships and infrastructure on both sides of the border have mitigated some risks.

Fact: Irving Oil operates Canada’s largest oil refinery in Saint John, New Brunswick, with a capacity exceeding 320,000 barrels per day.

Canada’s Economic Outlook and Global Comparison

Canada’s economy is highly diversified, relying on natural resources (oil, gas, forestry), financial services, and increasingly, technology and consumer goods. However, the recent tariff war with the U.S., its largest trading partner, has slowed export growth, particularly in agriculture and manufacturing. Despite this, Canadian billionaires have shown resilience, driven by global investments and sectoral diversification.

Global Comparison in 2025

Canada vs. U.S.: Wealth Inequality in 2025

While Canada is often praised for its strong middle class, wealth concentration has accelerated in recent years. The richest 1% of Canadians now control nearly 25% of national wealth, a figure that has crept closer to the U.S., where the top 1% hold about 32%.

Key Takeaways:

• Canada’s Top 10 billionaires hold more than $240 billion collectively, a sum equivalent to nearly 10% of the country’s GDP.

• In contrast, the United States' Top 10 billionaires control over $1.2 trillion, underscoring the U.S.'s higher wealth concentration at the ultra-wealthy level.

• Canada's wealth creation has historically leaned on natural resources and real estate, while the U.S. billionaire class is now dominated by technology and finance.

Notable Trend:

Canada’s tech sector, led by Shopify, is playing catch-up with Silicon Valley giants but remains heavily reliant on international markets, especially the U.S., for valuation and investor interest.

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