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: Fashion & Retail
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. Even after stepping away, his vision and innovation continue to resonate in the activewear market.
9. Tobi Lütke
Net Worth: $6.5 billion
Industry: Technology
Tobi Lütke, 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
Arthur Irving is a powerhouse in Canada’s energy sector. As the owner of Irving Oil, he oversees operations ranging from gas stations to oil refining. Irving Oil is a cornerstone of Canada’s energy infrastructure, and its success is reflected in Arthur Irving’s impressive $6.6 billion net worth.
7. Alain Bouchard
Net Worth: $7.4 billion
Industry: Retail
Alain Bouchard co-founded Alimentation Couche-Tard Inc., a global convenience store chain. Today, the company operates over 14,000 stores, making it a leader in the retail sector. As executive chairman, Bouchard’s strategic vision has driven the company’s growth.
6. Anthony von Mandl
Net Worth: $7.4 billion
Industry: Beverage Industry
Anthony von Mandl has carved out a niche in the beverage industry with Mark Anthony Brands, the creators of White Claw Hard Seltzer and Mike’s Hard Lemonade. His products have become household names, particularly in North America.
5. Joseph Tsai
Net Worth: $8.6 billion
Industry: E-Commerce
Joseph Tsai, co-founder and major shareholder of Alibaba Group, is a prominent figure in global e-commerce. Though born in Taiwan, Tsai is a proud Canadian citizen. His significant stake in Alibaba has propelled his net worth to $8.6 billion.
4. Jim Pattison
Net Worth: $9.1 billion
Industry: Diversified Holdings
Jim Pattison’s empire, The Jim Pattison Group, spans 20 diverse business divisions, from packaging to entertainment. Starting with a single car dealership, Pattison’s relentless drive and entrepreneurial spirit have grown his business into a global powerhouse.
3. David Cheriton
Net Worth: $14 billion
Industry: Technology & 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 in recognizing the potential of the search engine giant has rewarded him handsomely.
2. Changpeng Zhao (CZ)
Net Worth: $33 billion
Industry: Cryptocurrency
Changpeng Zhao, also known as CZ, is a trailblazer in the cryptocurrency world. As the founder of Binance, one of the largest cryptocurrency exchanges globally, Zhao has become a central figure in the digital finance revolution.
1. David Thomson & Family
Net Worth: $67 billion
Industry: Media & Information Services
Topping the list is David Thomson and his family, who control the media giant Thomson Reuters Corporation. Their empire spans multiple sectors, but their primary focus remains on information services and media. With a net worth of $67 billion, the Thomson family is not only the wealthiest in Canada but also among the richest in the world.
Key Takeaways
- Innovation is Key: Chip Wilson and Tobi Lütke built their empires by introducing new ideas and disrupting traditional markets.
- Diversification Works: Jim Pattison’s multi-industry approach shows the value of spreading risk and exploring multiple revenue streams.
- Early Investments Pay Off: David Cheriton’s story underscores the potential of identifying and backing promising ventures early.
- Global Thinking: Figures like Joseph Tsai and Changpeng Zhao illustrate the importance of expanding beyond local markets to achieve global success.
Final Thoughts
Canada’s top billionaires are more than 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.
