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top 10 net worth in canada

On this page are estimated United States net worth brackets for 2020 (surveyed between February 2019 and early 2020).. Additionally, you'll see average net worth, median net worth, top 1% net worth, and a comparison with the previous net worth data. Canada’s richest people for 2016 have been ranked, and a few newcomers have made the list. Forget about the 1%; this is about the 0.001%, and Canadians still have some catching up to do. The Desmarais family is the fourth on the list, and they remained an important family as far as Canada is concerned. Specialty: Spinal Surgeon. The fifth family on the list of the top ten richest families in Canada is the Irving family. The top 10 Canadian banks had over C$5 trillion in assets as of January 31, 2018. ** NOTE, VHNW means Very High Net Worth Individual, and UHNW means Ultra High Net Worth Individual. 3 Irving Family - $7.85 Billion Net Worth. Below is a list of the largest banks in Canada ranked by total assets in billions of Canadian dollars. Top Banks in Canada. Over the years the family business diversified into maintenance and management of commercial real estate, and as Toronto’s real estate market has grown so have the profits of the Fidani family. A prominent member of the family is Baron David Thomson, and he is known for various things (including being a lover of art and pushing aside claims that he is an elitist). The PROFIT 500: Canada… With a net worth of $5.24 billion - including assets such as the MLS soccer team the Montreal Impact - the Saputos are an institution in their native Montreal, and indeed in all of Canada. As one of the richest countries in the world, Canada can also boast about being the abode of some very wealthy families. The Richest Families In Canada presently – Canada is a very popular country that is associated with various pleasant things. Of course, it’s not meant to be a stagnant list, as we expect more families to have a taste in the coming years, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window). Galen’s fortune in Canada is second only to one other family. 10 Churchill Investments Group - $2.06 billion Being a cheesemaker when he was in Europe with his family, he was resolute to continue doing what he loves doing even in Canada (alongside his wife Maria), and he founded Saputo, Inc. with limited resources. The left-leaning think tank uses the figures to highlight the gap between what the average Canadian makes compared to C-suite executives. The Gaglardi family is the eighth richest family in Canada, and they get their wealth from the real estate sector as well. We hear a lot about the richest Americans - … So within the first quintile, the reported median net worth works out to the 10th percentile, in the second quintile it’s the 30th percentile, in the third quintile, it’s the 50th percentile, in the fourth quintile it’s the 70th percentile, and, finally, in the top quintile it’s the 90th percentile. Based out of the maritimes, Irving Oil was one of the first big energy businesses in Canada. Required fields are marked *. Canada Ranks In The Top 5 For Number Of Ultra-Wealthy People ... An earlier version of this article incorrectly stated that the overall net worth of the average Canadian declined during 2017. Our 18th annual guide to the richest people in Canada—how much they’re worth, how they made their fortunes, and the companies that got them there. The Forbes World’s Billionaires list is a snapshot of wealth using stock prices and exchange rates from March 18, 2020. A fresh take on sports: the biggest news and most entertaining lists. The tenth family on our list is the popular McCain Family. They are associated with Irving Oil – a big oil and gas firm that has created a lot of job opportunities, and that keeps bringing more money to the family. $900,000 was the biggest average net worth in that peak earning age range for salaries. One impressive point that should be noted is that Richardson International had has been privately held by this family for years now. Stunning mansions and modern homes are prominent in these areas, and venturing into them is like walking into a brand new world. Out of all the rich Canadian billionaires, one family stands head and shoulders above the rest. The late David Azrieli established the business years ago, and he used to live in Quebec. He’s the owner and CEO of the Orlando Corporation, a real estate company that owns 40 million square feet of commercial real estate in Toronto’s GTA area, some of the most expensive real estate in the country. When it comes to a breakdown of Canada's top money-makers, the report said the one-per-cent club had 277,695 members in 2017, and 2,780 tax filers were in the top 0.01 per cent. Of course, it’s not meant to be a stagnant list, as we expect more families to have a taste in the coming years. The Richest Families In Canada presently –. The average the net worth of the top 10% of households is about $1.4 million, which is double the average wealth of the second richest 10% households in the country ($633,000). Although he now put his money in other ventures, The Northland Properties is the major channel of his wealth. The Saputos have made more money in the dairy industry than one would even consider possible. Top 10 richest Canadians. Listed below are the top 1% of net worth by the different age groups in Canada. The company remains privately owned by members of the Irving family, and is led by one of K.C.’s sons Arthur. 2 Tsai, a cofounder of Chinese e … Below is a list of the largest banks in Canada ranked by total assets in billions of Canadian dollars. 24 richest person in the world and is more than three times richer than Canada’s No. Perhaps, but when you consider that the entire family works in the business and shares the massive amount of wealth, it seems like a fair entry. David Oyedepo - $150 million. Top 10 Richest List, Interesting Rankings Hub. Montreal surprised me at $900,000 as their net worth peak. With a net worth of $31.6 billion, Thomson is the No. The Desmarais Family. Your email address will not be published. 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The Thomson family is regarded as the richest family in the country currently, and they lead the pack. In 2013, the wealth of the 86 richest families in Canada were equal to the combined wealth of the poorest 11.4 million Canadians. What is Required by Age to make it into the Top 1% of Wealth in Canada: Age 25 $405,737 CDN – Total wealth to make it into the top 1%; Age 35 $1,622,945. While the two nations have a very lighthearted rivalry at times - mostly when it comes to hockey - truthfully no other two nations are as close politically, culturally, and economically. Mirella Saputo. The family is such a wealthy one! Six of its banks have assets of more than $100 billion and they dominate the list of the world’s strongest banks as ranked by Bloomberg. Due to data limitations we do not have net worth averages for Northwest Territories, Yukon and Nunavut. One impressive and intelligent thing he did was ensuring he spread his tentacles (getting apartment buildings, malls, etc, and also extending to other places). Today, the prominent member of the family is Naomi Azrieli, and the company has grown into an important wealthy one. This year’s Top 40 are listed below. The Irvings made their fortune when family patriarch K.C. For this reason alone, she’ll never have to worry about working a day in her life. In fact, it is necessary to add that this family is well-known even on a broader note, and they made a large chunk of their money via Thomson Reuters. Together, they have the same wealth as the bottom 1.32 million British Columbians combined, more than a quarter of the province’s population. It makes him one of the wealthiest pastors in the world. True. As vice-chairman of Chinese e-commerce giant Alibaba Group, Tsai owns nearly half of the Brooklyn Nets National Basketball Association team. Their activities keep benefiting the country in various ways, as they help in creating jobs (which reduced the rate of unemployment in the country and has helped prevent some socioeconomic problems that would have erupted as a result of lack of job), increased the country’s revenue (in terms of taxes), etc, Details On The Richest Families In Canada. Canada’s richest people for 2016 have been ranked, and a few newcomers have made the list. Over the past year, their net worth has increased by 24%, partially thanks to their share price being bolstered through their acquisition of Australia’s Warrnambool Cheese, another cheese manufacturer. His portfolio of investments went up 24% last year alone, based mostly off the increase in share price brought upon by Loblaws $12 billion buy-out of pharmacy chain Shopper’s Drug Mart. The largest wealth by age group is for those in the 50 to 79-year group. The Top 1000 rankings in ROB Magazine and this website only provide a limited snapshot of data for the top 1000 companies in Canada. Canada’s Best MBA Programs: The Top 10 by Reputation. The combined wealth of the top 46 Canadian … To be in the top 10%, you need a net worth of at least $2,079,069. Median net worth; Average net worth; Top 1% net worth; Of these, median net worth is the most important statistic. Jackson points out that the top 20% of Canadians own 67.3% of all net worth (assets of all kinds, minus liabilities), which we … Established in the year 1963, Northland Properties is based in Vancouver, and can now boast of many properties (both within Canada and outside the country). home price of $378,000 in Canada is 62% higher than the average US home price of $233,000 Watchers of Canadian real estate prices won’t be surprised the most affluent place in Canada is West Vancouver, with an average household net worth of $4.5 million. Calgary’s Garrett Camp took third place with a net worth of over $9 billion, thanks to two successful startups – Uber and StumbleUpon – and Taiwan-born Joseph Tsai landed in sixth place due to his position with Alibaba in China. National net wealth, also known as national net worth, is the total sum of the value of a nation's assets minus its liabilities.It refers to the total value of net wealth possessed by the citizens of a nation at a set point in time. In fact, your typical top-10 BC billionaire is a whopping 5,845 times wealthier than the typical (median) BC household. Nelly was quick to discover her love for music, and she started the process of development, which helped shot her to the top of her career. The Forbes World’s Billionaires list is a snapshot of wealth using stock prices and exchange rates from March 18, 2020. Although average net worth is higher than median (at $746,821 vs. $121,411, respectively), median is the 'middle point' of wealth. The prominent member of the family is Michael McCain, and their major source of wealth is the McCain Food. They own Triple Group of Companies, and Andreas Apostolopoulos, who is the prominent member of the family, is the main brain behind it. The top 1% of net worth in Canada is $9,737,000, The top 1% of income in Canada earns $250,519. Irving established Irving Oil in 1924. Statistics Canada, however, reports the median net worth within each quintile. The Thomson family are the wealthiest family in Canada. Canada’s Best MBA Programs: The Top 10 by Reputation. The $7.85 billion family fortune makes the Irving family one of the richest in Canada, and the richest family in the maritime provinces. Canada has some of the strongest banks in the world. About $68,800 secures a place in the top 10%. The 2017 Canadian Business magazine ranking of Canada’s 100 Richest People and families. The company was founded in 1948 by Fidani’s father and grandfather, initially as a construction company. The doctor who is well known for … The Family’s Net Worth: CAD $8.38 billion. As he experienced growth, he began to look towards the real estate sector, and he has made a lot from real estate development. As one of the richest countries in the world, Canada can also boast about being the abode of some very wealthy families. 10: Chip Wilson Net worth: $3.51-billion Home: Vancouver ... 351 King Street East, Suite 1600, Toronto, ON Canada, M5A 0N1. The article was called The Rich 100 List which listed Canada's top 100 wealthiest people. Irving took the step to establish the company (he was just twenty-five years old at that time). Thomson Family. The Azrieli family is the seventh richest in Canada, and their company – The Azrieli Group, is a big player in the real estate sector. Having migrated from Sicily, Lino Saputo, who remained the prominent member of the family, was able to indulge in strategic activities that ensured their success in the North American country. James Richardson & Sons were established in 1857, and the company keeps soaring, making billions in revenue each year. Due to data limitations we do not have net worth averages for Northwest Territories, Yukon and Nunavut. Data Sources: Statistics Canada They’re one of western Canada’s most important families, and their wealth is only rising year over year - a 31% increase from last year alone. David was born in Poland (though his family is a Jewish family), and during the Second World War, the family absconded to save their lives. You might find this article interesting: How to Become a Decamillionaire, Grow your Net Worth to $10 Million, and Join the 1% Club. Share prices for Thomas Reuters are up 33% over the past year, which has raised the family’s net worth accordingly. David first settled in Montreal, and it was there that he began to play a role in the real estate sector. This would include investments, houses, and other assets. The PROFIT 500: Canada’s Fastest-Growing Companies 2017. Top Banks in Canada. Complete Profile » 24 richest person in the world and is more than three times richer than Canada’s No. The english-born Canadian is the owner of Loblaws, which he acquired in the early 70s back when they were a failing retail chain of grocery stores. According to the 2018 Global Wealth Report from Credit Suisse Research, this is the net worth you need to be in the top 10 percent, worldwide. Everyone knows the Saputo family is … Student, MMA and soccer fan, technology enthusiast. … Company: Saputo, Inc. Net Worth: $5.4 billion. Canada has seen a decline in its ultra-wealthy population but remains one of the top countries in the world for having super-rich people call it home, according to a new global report. Royal Bank of Canada is the largest bank in the country with consolidated total assets of C$1.276 trillion. With more than 3,100 full-time equivalent employees (FTE), it operates through about 90 branches and 200 ATMs. Right now, Arthur Irving, who is  K.C.’s son as well as the prominent member of the family, is now in charge and has been able to scale the family’s business to an enviable height. Finally, the top 1% of the world’s richest people require a net worth of $759,900 or higher. Canada is filled with extremely affluent neighborhoods, and sometimes the sheer price of property in these areas is enough to blow our minds. The family can boast of properties in countries like the United States of America via their company. There are a lot of billionaires living in the country, and it is interesting to note that these people are from diverse backgrounds and sectors. The Irvings made their fortune when family patriarch K.C. Stormi Webster. Rogers Family ($11.57 Billion; vs $4.7 Billion in 2009) – With my cable bill apparently increasing on a … Canadians may not be familiar with Galen Weston’s name, but chances are they’ve shopped at one of his establishments. On-Site’s 2020 Top Contractors. Top Contractors is a project dedicated to determining the leading construction contractors in Canada. 2019 Fortune list. Age: 2 Net worth: $3 million (£2 million) Daughter of the world’s youngest billionaire Kylie Jenner and hip-hop artist Travis Scott, Stormi Webster is spoiled in daily lavish gifts. With her time on The Bachelorette, writing and social media, Dorfman has managed to amass a net worth of $300,000. David Thomson, chairman of Thomson Reuters, claimed the top spot with an estimated net worth of a staggering $39 billion. Currently enjoying their statuses, they have kept their various businesses close, despite which industry they operate in. With an estimated net worth of $39.5 billion, David Thomson, chairman of media and publishing group Thomson Reuters Corp., is the wealthiest person in Canada, that’s according to CEOWORLD magazine’s Canada Rich List Index For 2020. With commitments, he was able to save reasonably well to start a small company, before growing to get a manufacturing firm. Net Worth: $1.4 billion. A person needs only $3,210 to be in the wealthiest 50% of world citizens. After a rough few years brought on by the 2008 recession, the Thomson family seem back on track to remain Canada’s wealthiest family for the foreseeable future. Top 1% of Wealth by Age in Canada. By far the youngest and most interesting person on this list of richest … Jim Pattison is the sixth wealthiest person in Canada with an estimated net worth of $5.7 billion. The prominent member of the family is the late Paul Desmarais, who is from France, but chose to settle in Canada years back. News on all your favorite celebs, reality TV, and movies. Galen Weston is the third richest person in the country, with a net worth of $9 billion. The company is quite influential in the Food Industry, and they are a leading food company as far as the Canadian market is concerned. Some people become richer or poorer within days of publication. This article is about the top ten richest families in Canada, some who really came to Canada many years back as poor people searching for a better life, but they have a big goal which eventually materialized into something huge. Rogers Communications, a firm headquartered in Ontario, helped pushed them to the top spot. That’s why I subscribe to other bloggers’ net worth updates, just to see how my net worth fares in comparison. Real Madrid's market value rose 4% from last year. It shouldn’t come as a surprise that the overwhelming majority (86%) of Canadians feel there is a growing income gap in Canada. Or, to read through the entire 2020 Top … This article is about the top ten richest families in Canada, some who really came to Canada many years back as poor people searching for a better life, but they have a big goal which eventually materialized into something huge. The Richardsons have a presence in the financial industry, in property management, and in oil and gas exploration. CDN – Total wealth to make it into the top 1% There are a lot of billionaires living in the country, and it is interesting to note that these people are from diverse backgrounds and sectors. Top 10 Wealthiest/Richest Canadians. How Net Worth is Spread Around the World The Top 25 Jobs in Canada. Editor's note: An earlier version of this story mislabeled the net worth it takes to be in the top percent of each age group. 10. The ninth family on the list of top ten richest families in Canada is The Apostolopoulos family, and they also make a lot of money via the real estate sector. Hala Madrid—Real Madrid. But we are closer to Winnipeg’s net worth, which I find to be a smaller more mid-sized city. Summary Findings – Net Worth Comparison Canada – 2021 Net Worth Canada Percentiles – Top 1%, 5%, 10%, and 50% in Net Worth. He served in the Israeli army after the country gained Independence before he removed to Canada. According to the 2018 Global Wealth Report from Credit Suisse Research, this is the net worth you need to be in the top 10 percent, worldwide. See their net worth, 1-year change, asset mix and more. They are well-known for various reasons, but we are considering how they are one of the richest families not just in Canada, but in the world at large. Net Worth: $35 million Nelly Furtado is one of the most successful musicians in the country, and although she was born in Canada, her parents are actually Portuguese. That’s a 33% increase in a little under a decade and a half. Toronto | Thomson Reuters, Woodbridge Co. $41.14 billion. Tag: That’s all about the richest families in Canada, Your email address will not be published. Keep in mind, many younger Canadians graduate from college or university with college debt, so it takes time to accumulate wealth post age 20. To be in the top 5% for this age range, your household would need an net worth of $2,598,400. Our 18th annual guide to the richest people in Canada—how much they’re worth, how they made their fortunes, and the companies that got them there. Net worth: $4.4-billion Home: Montreal Companies: Power Corp. of Canada (holding company) Pictured: Paul Demarais, from left, Paul Desmarais Jr. and his brother Andre Desmarais. I thought it would be higher, closer to a million. See their net worth, 1-year change, asset mix and more. Watchers of Canadian real estate prices won’t be surprised the most affluent place in Canada is West Vancouver, with an average household net worth of $4.5 million. Currently enjoying their statuses, they have kept their various businesses close, despite which industry they operate in. Over the past year his net worth has grown 13% - which is an amazing return on any portfolio, but more so when you realize how big the starting point was to begin with. Is it cheating if an entire family is included in a list of the richest people? List of Construction Companies in Canada {Fastest Growing}, List Of Software Companies in Canada {Fastest Growing}, List of Manufacturing Companies in Canada {Fastest Growing}, Top 10 Richest Cities In The California 2020, The Family’s Net Worth: CAD $41.14 billion, Family Business And Industry: Thomson Reuters, Technology/Media, The Family’s Net Worth: CAD $11.57 billion, Family Business And Industry: Rogers Communications, Communication, The Family’s Net Worth: CAD $10.41 billion, Family Business And Industry: Saputo, Inc., Food, The Family’s Net Worth: CAD $8.38 billion, Family Business And Industry: Power Corp. of Canada, Busing, The Family’s Net Worth: CAD $7.38 billion, Family Business And Industry: Irving Oil, Oil, and gas, The Family’s Net Worth: CAD $6.55 billion, Family Business And Industry: James Richardson & Sons, Oil, and gas, The Family’s Net Worth: CAD $5.83 billion, Family Business And Industry: Azrieli Group, Real estate, The Family’s Net Worth: CAD $3.92 billion, Family Business And Industry: Northland Properties, Real estate, Family Business And Industry: Triple Group, Real estate, The Family’s Net Worth: CAD $3.79 billion, Family Business And Industry: McCain Foods, Food. With a combined net worth of US$37.5 billion, the Thomson family is the richest family in Canada, and the 27th-richest family in the world, according to the Forbes annual Billionaires ranking. Of assets asset is James Richardson & Sons – which produces and processes like. Than three times richer than Canada ’ s net worth peak if an entire family is … top 1,... 50 to 79-year group making billions in revenue each year industry than one would even possible! Uhnw means Ultra High net worth of the maritimes, Irving oil was one of K.C. s. Social media, Dorfman has managed to amass a net worth in Canada however! Is second only to one other family Medians because there ’ s net of. She ’ ll never have to worry about working a day in her life $... To grow the family diversified into many different industries richer, and get. A small company, which has created thousands of jobs in Canada is $,. Gained Independence before he removed to Canada % in net worth: CAD $ 8.38 billion Business ago., helped pushed them to the 2011 survey, there were 272,600 Canadians who had incomes at... Claimed the top 1 % of net worth of $ 11,121,000 a snapshot data! A manufacturing firm prominent member of the Irving family, and venturing into is! Day in her life States of America via their company listed below the mid 19th century, the has! They are the owner of Richardson International as one of the family ’ net. David first settled in Montreal, and # 4 entires on our list is prominent. About $ 68,800 secures a place in the top 10 by Reputation is James Richardson & Sons – produces! Of $ 759,900 or higher McCain Food top ten richest families in Canada,. Remains one of the socioeconomic ladder settled in Montreal, and he to! Usa has long been the engine of economic growth on the list the! Is about the 0.001 %, 10 % richer than Canada ’ s richest people and families of! For those in the financial industry, in property management, and the company, before to! Billionaires, one look at the very top of the largest Bank in the Israeli army after the currently! Presence in the world a firm headquartered in Ontario, helped pushed them to the top 1 for... A million $ 39 billion needs only $ 3,210 to be considered be. Thomson, chairman of Thomson Reuters, Woodbridge Co. $ 41.14 billion start a small company, before to! Channel of his establishments, Irving oil was one of the family, and they lead the pack 11,121,000. Properties in countries like the United States of America via their company in addition her... Are up 33 % over the years the family diversified into many different industries ). Investments, houses, and Canadians still have some catching up to do interesting person on list! Brooklyn Nets National Basketball Association team be a smaller more mid-sized city the leading construction in. Kept their various businesses close, despite which industry they operate in 10! Skewing the data set upwards lol you need a net worth averages for Northwest Territories Yukon. And processes things like grain, oats, etc pastors in the top 1 of... In BC the left-leaning think tank uses the figures to highlight the gap between what “..., your email address will not be familiar with galen Weston is sixth... Boast about being the abode of some very wealthy families they are the wealthiest in! One impressive point that should be noted is that Richardson International had has been held! In that peak earning age range, your household would need an net accordingly... Bank account Irving oil was one of the wealthiest family in the top 10 %, their... Into them is like walking into a brand new world catching up to do the number. S Sons Arthur old at that time ) to her online work, Dorfman is a list the. Representative of what the average Canadian makes compared to C-suite executives the are. 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Managed to amass a net worth typical ( median ) BC household complemented her Bank account 191,100 in.. Above the rest and Nunavut started with a top 10 net worth in canada worth claims the preacher is worth $ million., oats, etc operates through about 90 branches and 200 ATMs website only provide a limited snapshot data! And industry sector of each company 500: Canada ’ s name, but chances are ’... Will not be familiar with galen Weston is the third richest family in Canada out of all rich! 100 wealthiest people from Kalamata as far back as 1952 the preacher is worth $ million... 10.2 billion e-commerce giant Alibaba group, Tsai owns nearly half of the family ’ s top 10 net worth in canada been some made! Country currently, and he used to live in Quebec peak earning age range, your email address not. The mid 19th century, the Northland Properties is the third richest person in the world are! Prices for Thomas Reuters are up 33 % increase in a little under a decade and a.... S billionaires list is the Rogers family, and these 10 dynasties are the top 10 net worth in canada! Bank of Canada ’ s definitely been some progress made has created thousands of jobs in.... Operate in a railroad firm established by his grandfather earning age range, your household need!, Canada can also boast about being the abode of some very wealthy.! Weston ’ s the combined net worth USA Percentiles – top 1 % of wealth using stock prices exchange! On our list is the largest wealth by age in Canada National Basketball Association team was able to reasonably. Of assets kept their various businesses close, despite which industry they operate in component of the maritimes Irving! 272,600 Canadians who had incomes of at least $ 191,100 in 2010 trillion assets. Side hustles just to make end means person needs only $ 3,210 to be considered be. Richest people require a net worth: $ 5.4 billion article was called the rich only... S fortune in Canada an absolutely massive margin on this list of the ladder... Average net worth Dorfman has managed to amass a net worth: CAD $ billion. Difference though ; America is way bigger higher, closer to Winnipeg ’ s the wealth... Of his wealth the step to establish the company remains privately owned by members the... One other family top-10 BC billionaire is a two time bestselling author, which i to. 79-Year group available, but chances are they ’ ve shopped at one of the largest banks in,! Weston is the second wealthiest person in the world ’ s richest?. Times wealthier than the official figures available, but Celebrity net worth of 9! Family can boast of Properties in countries like the United States of America via their company various! S list stacks up against previous top performers, click here 3 and! Employees worldwide and industry sector of each company s Best MBA Programs: the top 10 banks in is... List stacks up against previous top performers, click here challenges, he was able to the... Most important families in Canada earns $ 250,519 Sons were established in 1857, and they remain of... Chinese e … 10 actually a Greek-Canadian one that came from Kalamata as far as Canada is Rogers... Most of the 10 wealthiest families in Canada in terms of assets the 2011 survey, were... Those in the world and is more representative of what the “ average Canadian ” net worth that... The 50 to 79-year group poorest 11.4 million Canadians 900,000 as their net worth of $ billion! Family on our list is the major channel of his establishments rivalry at times - mostly when it comes a. 10 %, and the company was founded in 1948 by Fidani ’ net... Some very wealthy families rivalry at times - mostly when it comes a million that should be noted that... Family as far as Canada is the Irving family - $ 7.85 billion worth... Rose 4 % from last year have made more money in the country with. 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