People of Chinese origin are Canada's largest visible minority group, with a population of more than 1 million. Forbes has estimated Peters net worth at $4.28 billion CAN ($3.4 billion US). The study by Theresa Qui and Grant Schellenberg illustrates the setting for Canadas Anti-Racism Strategy, which is committed to removing barriers and promoting a country where every person is able to fully participate and have an equal opportunity to proceed.. He has sat on the boards of media giant Transcontinental as well as the National Bank of Canada. When you consent to allowing these technologies, it permits us to analyze data, like on-site behaviour and unique IDs on the site. By the late 1850s, Canada had received many immigrants with origins including English, French, Scottish, Irish, German, Italian, and Chinese. In 1994, Ronnen Harari co-founded Spin Master with two friends. He also has interests in a variety of other financial corporations including Equitable Bank. He was instrumental in founding Newbridge Networks from the proceeds of the stakes in Mitel. Forbes puts Arthur Irvings net worth at $4.91 billion CAN ($3.9 billion US). Gaye Farncombe is a member of the one of Canadas richest families and owns a piece of the empire. In 2015, Chapeng Zhao started Bijie Tech, an exchange systems provider. Workplace and educational outcomes are often not determined by racist bosses or discriminatory educators, suggested Skuterud. About 25% of Canadians were "racialized"; By 2021, 23% of the Canadian population were immigrantsthe "largest proportion since Confederation", according to Statistics Canada. Richard Fortin is one of the founding partners in the Couche-Tard, also known as Alimentation Couche-Tard, chain of convenience stores. Chip Wilson is a businessman, philanthropist and the founder of many retail apparel companies including Lululemon Athletica Incorporated (LULU: NASDAQ). Forbes puts his net worth at $1.51 billion CAN ($1.2 billion US). According to Bloomberg, Peter Thomsons net worth is $10.78 billion CAN ($8.56 billion US). Over time, that business turned into HY Louie Group, one of British Columbias largest private companies. Zhang Ning and Family $2.89 billion CAN ($2.3 billion US), 41. In the absence of a subpoena, voluntary compliance by your Internet service provider, or additional records from a third party, the information stored or retrieved for this sole purpose generally cannot be used to identify you. There was an error, please provide a valid email address. Since his arrival in Canada, hes built his credit score from nothing. + 5 Reasons to Buy a Life Insurance Policy if You Have Children, + 6 Things Every Parent Should Know About Life Insurance, + How to choose a life insurance policy in Canada, + How to Get Cheap Motorcycle Insurance Quotes, + The Ultimate Guide to Dirt Bike Insurance, + The Ultimate Guide to Motorcycle Insurance, + What Does It Take To Be Pre-Approved For A Mortgage In Canada, + How To Shop For A Mortgage In Canada, Like A Boss, Using Your RRSP To Buy A House: Everything You Need To Know About The Home Buyers Plan, First Time Homebuyers in Canada: Everything You Need to Know Before Making Your Lifes Biggest Purchase, + First Time Homebuyers in Canada: Everything You Need to Know. In the midst of all that he also became the first Canadian space tourist and created the One Drop Foundation to help ensure access to clean water around the world. Brydsons ventures also go beyond Woodbridge via investment firm Westerkirk Capital, which manages investments in hospitality, aviation and media like Ontarios Moose FM radio stations. She owns 1.5% of the company. Campbell reportedly owns an 11% stake of the Thomson familys fortune. Forbes puts Jack Cockwells net worth at $3.52 billion CAN ($2.8 billion US). Michael Lee-Chin $2.39 billion CAN ($1.9 billion US), 45. List of Canadians by net worth - Wikipedia 0.1% of income earners. In the early 1990s, the company started buying out pharmacies in the United States. Listed below are the ethnic groups of Canadian residents (citizens, landed immigrants and non-citizen temporary residents) as self-identified in the 2016 census in which approximately 35,151,000 census forms were completed). The Canadian company that now manages the business is called Canpro Investments, where Naomi Azrieli sits at its helm. He is a big champion of the environment and has started a global initiative to reduce paper waste. Taylor Thomson is the granddaughter of Roy Thomson. Bloomberg puts Gaye Farncombes net worth at $8.46 billion CAN ($6.72 billion US). B) from the University of Manitoba. The English population, in particular, grew at a rapid pace, increasing from 705,369 persons in 1871 to 2,545,358 persons in 1921, representing an increase of nearly 2 million persons during the fifty-year period. He took the company public on the Toronto Stock Exchange (FN:TSE) and never looked back. Arthur Irving $4.91 billion CAN ($$3.9 billion US), 24. Forbes puts his net worth at $3.65 billion CAN ($2.9 billion US). They expanded into Ontario with the acquisition of Beckers and Macs stores in the 1990s. Gerald Schwartz $2.01 billion CAN ($1.6 billion US), 55. And the very rich the 272,600 individuals that make up the top one per cent are all making more than $191,100. Hararys SpinMaster is now involved in toys, animation, and digital entertainment. Jean Coutu Group sold its Rite Aid shares back to Rite Aid in 2013. As data were collected by self-declaration, ethnic groups may not necessarily correspond to the true ancestry of respondents. Pierre Pladeau was studying law when borrowed money from his mother and bought his first media company, a newspaper. Stephen Smith $3.65 billion CAN ($2.9 billion US), 34. In addition, more than 40 per cent of South Asian, Arab, West Asian and Japanese men had university degrees. After resigning, he founded his company, Claridge Holmes, in 1986. 1. Forbes puts Sharon Azrielis net worth at $2.14 billion CAN ($1.7 billion US). The company was involved in developing over 538 million square feet of real estate in China and has interests in hotels, shopping malls, parking lot operation, and office leasing. 30% of households had a weekly income of 1,000 or more. The relevant census question asked for "the ethnic or cultural origins" of the respondent's ancestors and not the respondents themselves. He grew his business to include other companies such as Overwaitea Foods, Ripleys Believe It Or Not!, Save-On-Foods, Guinness World Records and numerous TV and radio stations across British Columbia, Alberta, Saskatchewan and Manitoba. He went from building duplexes to building skyscrapers and massive malls, many in Israel, to create a billion-dollar fortune. [2] What are the 4 largest ethnic groups in Canada? A welcome email is on its way. The latest Statistics Canada research on ethnic groups earnings and educational achievements reveals clues on where to look, and not look, for potential discrimination in the workplace. Canadians - 32.32% Although all citizens of Canada are considered Canadians, many Canadians also feel that is the term that best represents their ethnicity. N. Murray Edwards $3.78 billion CAN ($3.0 billion US), 33. Lalibert establishe Cirque du Soleil with Gilles Ste-Croix in 1984. In order to offer you the best experience, we use technology like cookies to remember your preferences and recognize your devices. Charles Bronfman inherited the largest distiller of alcohol in the world, Seagram. Name. According to Forbes, Joseph Tsai has a net worth of $11.34 billion CAN ($9 billion US). [19]:512. Morguard is a real estate company that owns or manages properties in Canada and the US. Meanwhile, Black women earned less, at $1,080, while Latin-American women made $1,000 a week. Alain Bouchard $6.93 billion CAN ($5.5 billion US), 14. Richard Fortin $1.89 billion CAN ($1.5 billion US), 59. Over the course of decades his company built hundreds of shopping centres in Canada. Alan Zekelman $2.14 billion CAN ($1.7 billion US), 51. That compares to only 27 per cent of white people. In 1955, he opened up the doors of his eponymous investment firm, Jarislowsky Fraser Limited. He sold SmartCentres in 2015 to SmartREIT for $880 million for cash and assumed debt. In 2018, the Arthur Irving Family Trust later bought out Arthurs brothers stake in the company after his death. 1% of income earners. He first entered the alcohol business selling imported wines from his car in Vancouver after graduating from college. N. Murray Edwards is a lawyer who jumped into the oil and mining business when a friend made him promise to always pursue his passions. The total value of the offer is $1,250! But the reality is that what lies behind the earnings differences reported is nuanced, complex, and largely unknown.. Invest with this $0 fee online broker pioneer! [19]:512 Despite an increase of nearly 1.5 million persons during this fifty-year period, the French proportion of the total Canadian population dropped slightly, from 31.1percent, to 27.1percent. It operates through the E-L Corporate and Empire Life. By 1998, he was Chairman and Chief Executive Officer of one of the companys brands, London Drugs. Guy Lalibert - $1.51 billion CAN ($1.2 billion US) The only richest Canadian who is a space-tourist billionaire. Catherine Phillips is a psychologist specializing in assisting cancer patients. That said, here is a list of Canadas richest people and the story of how they got their wealth. The companys clients include Pirelli, Bridgestone and Michelin. [2][3] Statistics Canada reports that 35.5% of the population reported multiple ethnic origins, thus the overall total is greater than 100%. When the Blue Moon Group went public in 2020, it was one of the biggest IPOs in Hong Kong and the market reached record highs. Alberta is a province in the western section of Canada. Canada: Ethnic groups as of 2016. The 2000s took the company into the US market with the acquisition of Circle-K convenience stores. Forbes magazine puts Sahis net worth at $1.38 billion ($1.1 billion USD). His holdings extend from Quebec to the rest of Canada and into the US. 67. Naomi Azrieli sits on a billion-dollar empire that started with her father. In addition, the majority of the population reported being Christian (53.3%), while the populations with Indigenous peoples are not considered a visible minority in Statistics Canada calculations. Filipino and South-East Asian men earned about 15 per cent less than white males, while Latin-American and Black males earned about 20 per cent lower. He graduated from Yale Law School and spent time at various firms before joining Alibaba. Although Pierre Karl Pladeau was heavily involved in the business early on, he took on a greater role after the death of his father in 1997. David Thomson $10.78 billion CAN ($8.56 billion US), 8. Linda Campbell $8.46 billion CAN ($6.72 billion US), 11. Plus, your kids are covererd with $10,000 in life insurance, free. To date, the company has bought out more than 500 companies. While people who grew up in Canada are readily comparable, Schellenberg said, immigrants are often held back in the labour market by specific factors: a shortfall of Canadian work experience, lack of fluency in English or French, and foreign work credentials not being recognized. How many different ethnic groups are there in Canada? Today Couche-Tard stores can be found all over the world. Sherry Brydson is one of the richest Canadians. James Irving $5.16 billion CAN ($4.1 billion US), 21. He was a technical services manager and Vice-President of sales. Irving, is the sixth-largest landowner in the United States, with over 1.25 million acres of land in its name. Forbes puts Butterfields net worth at $1.76 CAN ($1.4 billion US). Guy Lalibert certainly stands out. Forbes puts Mark Scheinbergs net worth at $6.67 billion CAN ($5.3 billion US). David Cheriton is a professor at the University of Stanford and owes his fortune to a $100,000 investment that he made in a young company called Google. Storage or technical access that is used exclusively for statistical purposes. Anton Rabie and his two friends started Spin Master with only $10,000 of their own money. Brandt Louie is an accountant, businessman and philanthropist from Vancouver, British Columbia. Peter Thomson is the co-chair of Woodbridge. There, Michael became an investing mastermind. In late 2021, Grammarly had a $13 billion valuation and investors like BlackRock. He is the head of an empire that operates in some 85 countries spanning an array of industries such as supermarkets, lumber, fisheries, disposable packaging, theme parks, auto dealers and more. Taiwanese-born Canadian billionaire businessman and philanthropist, Joseph Tsai, is the co-founder of Alibaba Group Holding, the Chinese-based internet giant. [19]:512 The English community experienced massive growth principally during the first two decades of the 20th century as a result of record immigration at the time; during the era, persons of English descent also became the single largest ethnic group in Canada, comprising a plurality of the Canadian population by the 1921 census. The survey conducted for BMO Harris Private Banking found that 48 per cent of . It is true that Canada is home to a lot of billionaires. Thomson is the grandson of Thomson Corp. founder, Roy Thomson. Get up to $2,000 cashback + $50 signup bonus. The study by Qui and Schellenberg did not look at Indigenous people or immigrants, the latter being a larger visible-minority group than those born in Canada. He chose to put down roots in his native British Columbia, in the largely unknown Okanagan Valley. Lalibert establishe Cirque du Soleil with Gilles Ste-Croix in 1984. The company is now involved in toys, games, entertainment and digital entertainment all globally. Mark Leonard and Family $3.52 billion CAN ($2.8 billion US), 38. Northland Properties Corporation is widely known in Canada as one of the most trusted names in hotels, sports, restaurants and construction. Forbes puts his net worth at $2.01 billion CAN ($1.6 billion US). It was the largest IPO on the Israeli stock exchange. Sixty per cent of all people of colour in Canada live in just three cities Montreal, Toronto and Vancouver where wages are generally higher. Fidani is known for his philanthropy. Alex Shevchenko $5.04 billion CAN ($4.0 billion US), 23. How did they become the richest? The United States Census has race and ethnicity as defined by the Office of Management and Budget in 1997. Forbes puts Naomi Azrielis net worth at $2.14 billion CAN ($1.7 billion US). According to Bloomberg, Linda Campbell has a net worth of Linda Campbell $8.46 billion CAN ($6.72 billion US). Hardbacon 2023 Bacon Financial Technologies Inc. Mattamy is one of the largest residential real estate developers in North America. He spent 1991-2016 expanding this business into a conglomerate called the Katz Group Of Companies which has businesses in pharmacy, sports & entertainment, and real estate development. Forbes estimates Bruce Flatt to have a net worth of $5.79 billion CAN ($4.6 billion US). One of the richest Canadians is also a university professor! New to Canada? Alberta has a 13.5 per cent racial wage gap. Shevchenko was born and raised in the Ukraine and later received Canadian citizenship. According to Bloomberg, Zhao is worth $14.22 billion CAN ($11 billion US). + The Ultimate Guide to Life Insurance Medical Exams. Pan and her husband grew Blue Moon Group into a company with healthy profits. That brought Arthur 100% ownership of the company. It invests in real estate, infrastructure, renewable power, private equity, and the investment management firm Oaktree. Get a personal loan up to $15,000 without ever leaving your home. v. 2. Over the next few years, the company bought stores across Canada and around the world, including Circle-K. Bouchard is still Executive Chairman of the Board of Directors for Alimentation Couche-Tard, the position he took after naming Brian Hannasch President and Chief Executive Officer in 2014. We ask you to keep your comments relevant and respectful. She also organizes support groups and works with the Healing Journey support program to assist cancer patients and their families. Arthur invests in the stock market but doesnt pay any fees because he uses National Bank Direct Brokerage online broker and Wealthsimples robo-advisor. The company now has interests in restaurants, golf clubs as well as the Saputo Stadium which hosts the Montreal soccer team. Phillips also held an executive position at Clearnet, and benefitted when the company was sold to Telus for $6.6 billion. Today, CGI provides services like business consulting, IT infrastructure assistance and application services to clients around the globe. That is why Hillhouse Capital Management invested 46 million USD (55.66 million CAD) in two rounds of funding. However, his first major success was the creation of Mikes Hard Lemonade, which first launched in Canada in 1996 and then in the U.S. in 1999. Major Ethnic Groups of Canada. How did that happen? Shenzhen Kangtai Biological Products develops vaccines, and initially gained success by being the leading producer of the nations vaccine against Hepatitis B. When he buys bitcoins, its with the BitBuy online platform. Indians in the US, with an average household earning of USD 123,700 and 79 per cent of college graduates, have surpassed the overall American population in terms of wealth and college education, according to a media report which cited the latest census data. Economist Frances Woolley of Carleton University says such details are crucial. Chinese and South-Asian Canadians are among the top earners and most educated. [12] The 2021 census indicated that 8.3 million people, or almost one-quarter (23.0percent) of the population reported themselves as being or having been a landed immigrant or permanent resident in Canadaabove the 1921 census previous record of 22.3percent. White people tend to be in . Dr. Catherine Phillips $1.89 billion CAN ($1.5 billion US), 57. He serves as Chairman of the company. According to Forbes, David Cheriton has a net worth of $14.36 billion CAN ($11.4 billion US). Saskatchewan - C$70,654 . If you have ever used the messaging software Slack, you can thank Stewart Butterfield. She owns a 14% stake in her familys investment company, Woodbridge. He is a director on the E-L Financial board. Emanuele Saputo turned his cheesemaking roots into a billion-dollar business. Despite the unprecedented amount of North American, especially U.S., research that has gone into whether employers discriminate based on race or ethnicity, Skuterud said, Its almost a fundamentally unidentifiable problem., Rather than automatically believing gaps in earnings and education are rooted in injustice or unfairness, Skuterud said it is also important to simply remember, People make different choices.. Part of that success had to do with the fact that Jean Coutu didnt just sell pharmaceuticals, but rather low-priced items like school supplies, bathroom tissue, and other products that other pharmacies didnt carry. The most populous group, South Asians, account for about one-quarter (25.1%) of Canada's people of colour population and 5.6% of Canada's total population. [15] About 25% of Canadians were "racialized";[2] By 2021, 23% of the Canadian population were immigrantsthe "largest proportion since Confederation", according to Statistics Canada. The company launched Earth Buddy, Devil Sticks, Air Hogs, and signed licensing deals including the Wiggles. Stephen Jarislowky $2.26 billion CAN ($1.8 billion US), 50. He sold that business to Petsmart for $3.4 billion (US) in 2018. Article content. Under his leadership as CEO, Mark transformed PokerStars into the internets largest online poker playing platform. Zekelman is widely known for his generous charitable contributions. According to Forbes, Serge Godin is worth $2.89 billion CAN ($2.3 billion US). Woodbridge manages investments in Thomson Reuters, Bell Media, the Globe and Mail and others. Their timber and forestry operations have planted over one billion trees since 1957. Arthur Irving inherited the oil arm of the Irving family business. After years working in the convenience store sector, Alain Bouchard opened his own convenience store in 1980 at the age of 29. Anton Rabie $1.51 billion CAN ($1.2 billion US), 64. Chulong holds 85% of shares of the Shenzhen Galaxy Commercial Property Investment. Apart from oil, Edwards is also a minority owner of the Calgary Flames as well as Resorts of the Canadian Rockies, which operates a slew of ski resorts. It is Mitchell Goldhar, who started SmartCentres in 1994 and convinced Walmart to let him open its first store in Canada. Cupolas and domes distinctly Eastern, almost Turkish, startle one above the tops of Manitoba maples or the bush of the river banks. He is also a rally race car driver. Leonard founded the company in 1995 and then acquired many other tech companies. People of colour born in Canada are far more likely than white people to have university degrees. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Couche-Tard expanded from Montreal to across all of Quebec through the acquisition of other convenience store chains. He is the largest individual investor in the company. Forbes puts Jim Pattisons net worth at $15.37 billion CAN ($12.2 billion US). This was primarily as a result of federal policy aimed at settling the Prairies through ethnic block settlements and ultimately led to the highest annual immigration rates in Canadian history since confederation in 1867 that remain unsurpassed in the contemporary era, including 1913 (new immigrants accounted for 5.3percent of the total population), 1912 (5.1percent), 1911 (4.6percent), 1907 (4.3percent) and 1910 (4.1percent). After graduating from university, he quickly established a building company in Montreal. We decided to concentrate on two sources, Forbes and Bloomberg, for our Richest list. To date, he has given away about $350 million. White people tend to be in the middle, while Latin American and Black Canadians come in lower. Gaye Farncombe $8.46 billion CAN ($6.72 billion US), 12. After university, he worked as a developer for Bloomberg. Kuldip Rai Sahi $1.38 billion CAN ($1.1 billion US), 66. Read more about cookies here. Forbes puts Jean Coutu and familys net worth at $4.15 billion CAN ($3.3 billion US). According to Forbes, Emanuele Saputo is worth $6.04 billion CAN ($4.8 billion US). He spent years growing the company and leading them to a direct listing on the New York Stock Exchange in June 2019. [19]:512, The ethnic French population, comprising a plurality of the total population from confederation until just prior to the 1921 census, overwhelmingly relied on natural increase for growth, with progeny stemming from early settlers who arrived throughout the 17th and 18th centuries; migration from France had been severely curtailed by the British Empire and early governments of independent Canada. Cohen is also the largest individual owner of stock in Apple. Barry Zekelman $4.15 billion CAN ($3.3 billion US), 29. The company is an essential platform for merchants to sell their goods and services online. Douglas Todd: 'Astonishing' findings on Canadian ethnic groups' earnings and education. His agrobusiness is why he is one of the richest Canadians. The richest 10 per cent of individuals are making more than $80,400. Huang Chulong amassed most of his wealth as the chair of privately-held Galaxy Group, based out of Shenzhen, China. U.S. median household income 2021, by race or ethnic group If you don't see it, please check your junk folder. List of ethnic groups in the United States by household income Subscribe now to read the latest news in your city and across Canada. household earning: Indians in US wealthier with average household Michelle Zatlyn $1.38 billion CAN ($1.1 US), 65. The company listed on the Toronto Stock Exchange (ONEX:TSE) for the first time in 1987. He earned a Master in Business Administration from Vanderbilt University. Canada's richest communities 2019 - Macleans.ca More recently, the issue burst into public consciousness with the Occupy Wall Street movement in 2011 and subsequent calls for a $15 minimum wage. They are Volaris Group, Topicus, Perseus Operating Group, Vela Software, Harris Computer Systems and Jonas Software. Starting in 1981, he bought and sold companies. Please try again. Lalibert sold his shares in the company but that doesnt mean he isnt still making moves. Monographs - unemployment, dependency of youth, rural and urban composition of the Canadian population, racial origins and nativity of the Canadian people", "Censuses of Canada 1665 to 1871: Estimated population of Canada, 1605 to present", "Fifth census of Canada 1911 .