The landscape of Canadian wealth is a fascinating mix of enduring family dynasties, self-made tech pioneers, and resource sector titans. While rooted in traditional industries like media, groceries, and natural resources, this elite group is increasingly being influenced by the rapid growth of technology and digital assets.

As we project forward to 2025, the rankings are shaped by current net worths, ownership stakes in public and private companies, historical growth trends, and major economic forces like artificial intelligence, commodity prices, and interest rates.

**Important Note:** Net worth figures are estimates based on the most recent reliable data and projected market performance. The actual rankings and valuations for 2025 will fluctuate with the stock market and global economic conditions.

The Top 10 Richest Canadians in 2025

1. David Thomson & Family

Estimated Net Worth (2025): ~$65+ Billion
Source: Media and Publishing (Thomson Reuters)

The Thomson family retains its long-held position at the apex of Canadian wealth. David Thomson, the 3rd Baron Thomson of Fleet, chairs Thomson Reuters, the global information and news conglomerate that is the foundation of the family fortune. The family’s wealth is also deeply diversified through their investment arm, Woodbridge Company, with significant holdings in real estate, telecommunications (Bell Canada), and a vast portfolio of other assets. The stability and global reach of their core holdings, coupled with wise investments, make them a perennial fixture at number one.

2. Changpeng “CZ” Zhao

Estimated Net Worth (2025): ~$40 – $50+ Billion
Source: Cryptocurrency (Binance)

The most volatile and fascinating figure on the list, Changpeng Zhao’s net worth is directly tied to the price of Bitcoin and other cryptocurrencies, as well as the performance and valuation of his company, Binance. Despite legal challenges in 2023, Binance remains a behemoth in the crypto exchange world. If the crypto market experiences a significant bull run in 2024/2025, as many analysts predict, CZ’s wealth could surge dramatically, potentially closing the gap on the Thomson family. His ranking is a testament to the new digital economy’s power to create immense fortunes.

3. Jim Pattison

Estimated Net Worth (2025): ~$18+ Billion
Source: Diversified Investments (Jim Pattison Group)

Canada’s ultimate conglomerateur, the 95-year-old Jim Pattison, continues to see his empire grow. The Jim Pattison Group is Canada’s largest private company, with interests spanning automotive, advertising, packaging, food sales and distribution, and entertainment (including Ripley’s Believe It or Not!). His business model, which involves acquiring and growing stable, cash-flow-positive companies, is resilient to economic downturns. His net worth is expected to continue its steady, upward trajectory through 2025.

4. Joseph Tsai

Estimated Net Worth (2025): ~$16+ Billion
Source: E-commerce (Alibaba), Sports (Brooklyn Nets)

As the co-founder and executive vice chairman of Chinese e-commerce giant Alibaba, Joseph Tsai’s fortune is closely linked to the company’s performance on the Hong Kong and NYSE exchanges. While Alibaba has faced headwinds, its scale remains enormous. Tsai also owns the Brooklyn Nets NBA team and the New York Liberty WNBA team. A Canadian citizen who lives in the US, his diverse portfolio of tech and sports assets secures his top-five position.

5. Alain Bouchard & Family

Estimated Net Worth (2025): ~$15+ Billion
Source: Convenience Stores (Alimentation Couche-Tard)

Alain Bouchard took a single convenience store in Quebec and built it into Alimentation Couche-Tard, a global retail giant with brands like Circle K operating in over two dozen countries. The company’s relentless growth through strategic acquisitions has been a masterclass in execution. As a staple of the essential retail sector, the business is highly defensive during economic uncertainty, providing a stable and growing foundation for the family’s wealth.

6. Anthony Von Mandl & Family

Estimated Net Worth (2025): ~$14+ Billion
Source: Beverages (Mark Anthony Group)

The founder of the Mark Anthony Group, Anthony Von Mandl is the visionary behind some of the most successful beverage brands in North America, including White Claw Hard Seltzer and Mike’s Hard Lemonade. The explosive growth of the ready-to-drink category, particularly White Claw, transformed his fortune. His wealth is further bolstered by significant investments in premium wine and spirits and British Columbia real estate. The steady consumer demand in his sector points to continued wealth growth.

7. Tobi Lütke

Estimated Net Worth (2025): ~$13+ Billion
Source: E-commerce (Shopify)

The founder and CEO of Ottawa-based Shopify, Tobi Lütke is the face of Canada’s modern tech boom. Shopify empowers millions of merchants worldwide and is a critical player in the global e-commerce infrastructure. After a post-pandemic recalibration, Shopify has reaffirmed its strength and returned to profitability. As e-commerce continues to grow as a percentage of all retail, Lütke’s fortune and influence are expected to climb steadily through 2025.

8. David Cheriton

Estimated Net Worth (2025): ~$12+ Billion**
Source: Technology (Google)

A computer science professor at Stanford University, David Cheriton is known as the “professor billionaire.” His massive wealth stems from an early, astute investment in a then-small startup called Google. While he has since invested in and sold other successful tech ventures, his fortune remains largely tied to his savvy early-stage bet. His net worth fluctuates with the performance of Alphabet Inc.’s (Google’s parent company) stock.

9. Emanuele (Lino) Saputo & Family

Estimated Net Worth (2025): ~$8+ Billion
Source: Dairy Products (Saputo Inc.)

The Saputo family built one of the world’s top ten dairy processors from a small cheesemaker in Montreal. Saputo Inc. is a global giant, with operations in over 60 countries. While the company faces challenges like commodity price volatility and competition, its immense scale and brand recognition provide stability. The family’s multigenerational stewardship ensures their wealth remains deeply entrenched in this essential industry.

10. Arthur Irving & Family

Estimated Net Worth (2025): ~$7.5+ Billion
Source: Oil and Gas (Irving Oil)

The Irving family empire, split among various branches, represents one of the largest concentrations of wealth in Canada. Arthur Irving and his family control the energy arm, Irving Oil, which operates Canada’s largest refinery in Saint John, New Brunswick. The energy sector’s inherent volatility means this net worth can swing with global oil prices. However, the essential nature of their infrastructure assets guarantees the family’s place among Canada’s wealthiest.

Key Trends for 2025

Tech vs. Tradition: The list showcases a battle between old money (Thomson, Pattison, Irving) and new money (Zhao, Lütke, Tsai).
The Crypto Wildcard: CZ’s position is the most unpredictable and highlights how digital assets are creating a new class of ultra-wealthy individuals.
Resilient Sectors: Essential businesses like groceries (Couche-Tard), beverages (Von Mandl), and dairy (Saputo) provide stable, recession-resistant wealth.
Family Dynasties: Many of these fortunes are multi-generational, demonstrating the power of long-term, disciplined capital management and ownership of cash-flowing assets.