The latest Forbes 2025 World’s Billionaires List is here, spotlighting the wealthiest Canadians and revealing jaw-dropping shifts in global wealth.
With more billionaires than ever—3,028 worldwide—and a collective net worth of $16.1 trillion, the ultra-rich are thriving.
Canada’s elite, however, have seen a surprising shake-up.
Curious who tops the list? Let’s dive into the richest Canadians of 2025.
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Record-Breaking Billionaires: A Global Snapshot
The world’s billionaire club is booming.
In 2025, Forbes reports 3,028 billionaires—a 247-person leap from last year.
Their combined wealth? A staggering $16.1 trillion, up $2 trillion from 2024.
The U.S. leads with 902 billionaires, followed by China (including Hong Kong) at 516, and India with 205.
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Canada, though, saw its billionaire count drop from 67 in 2024 to just 47 this year.
What’s behind this decline, and who still reigns supreme among Canada’s richest? Keep reading.
Canada’s Billionaire Shake-Up: Who’s In, Who’s Out?
Canada’s wealthiest have experienced a rollercoaster year.
Familiar names have slipped, while new contenders have risen.
One notable absence? Changpeng Zhao, the Binance founder known as “CZ.”
Last year, Zhao ranked 50th globally with $33 billion as a Canadian.
Now a UAE citizen, he’s soared to $62.9 billion—nearly doubling his fortune.
If he’d stayed Canadian, he’d top this list.
Instead, here’s who’s leading Canada’s billionaire pack in 2025.
Top 10 Richest Canadians in 2025
1. Jim Pattison – $11.4 Billion (#213 Globally)
Canada’s new richest person, Jim Pattison, climbed from #263 in 2024 ($9.3 billion) to #213 this year.
The Vancouver-based mogul oversees a sprawling empire spanning advertising, entertainment, and food industries.
His $2.1 billion net worth jump proves resilience pays off.
2. David Thomson & Family – $10.2 Billion (#264 Globally)
Last year’s champs, David Thomson and family, held the #22 spot globally with $67.8 billion. In 2025, their fortune plummeted to $10.2 billion, dropping them to #264.
As shareholders of Woodbridge, which controls Thomson Reuters, their media dynasty took a hit—but they’re still Canada’s #2.
3. Tobi Lutke – $7.2 Billion (#450 Globally)
Shopify’s co-founder and CEO, Tobi Lutke, secures third place.
His e-commerce giant continues to thrive, boosting his wealth to $7.2 billion.
Lutke’s innovative leadership keeps him a standout among Canada’s tech titans.
4. Chip Wilson – $6.8 Billion (#498 Globally)
Lululemon’s founder, Chip Wilson, holds steady at $6.8 billion, though he slipped from #403 in 2024 to #498 this year.
His yoga empire remains a cash cow, cementing his spot among Canada’s elite.
5. Alain Bouchard – $6.6 Billion (#512 Globally)
Alimentation Couche-Tard co-founder Alain Bouchard ranks fifth with $6.6 billion.
His convenience store conglomerate powers his wealth, keeping him a fixture in Canada’s top tier.
6. Peter Gilgan – $6.4 Billion (#540 Globally)
Home-building magnate Peter Gilgan, founder of Mattamy Homes, lands at #6 with $6.4 billion.
His real estate prowess keeps him climbing the ranks.
7. Stuart Hoegner – $6.2 Billion (#561 Globally)
A lesser-known name, Stuart Hoegner, emerges with $6.2 billion.
His fortune, tied to crypto and tech ventures, marks him as a rising star.
8. Daryl Katz – $5.8 Billion (#605 Globally)
Edmonton Oilers owner and pharmacy tycoon Daryl Katz ties at $5.8 billion.
His diverse investments fuel his billionaire status.
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9. Stephen Smith – $5.8 Billion (#605 Globally)
Financial services kingpin Stephen Smith matches Katz at $5.8 billion.
His steady hand in wealth management keeps him in the top 10.
10. Anthony von Mandl – $5.7 Billion (#620 Globally)
Wine and beverage baron Anthony von Mandl rounds out the list with $5.7 billion.
Brands like White Claw and Mike’s Hard Lemonade keep his fortune flowing.
Why Canada’s Billionaire Count Dropped
Fewer Canadians cracked the Forbes list this year—47 versus 67 in 2024. Economic shifts, market volatility, and global competition may be to blame.
The Thomson family’s dramatic fall from $67.8 billion to $10.2 billion exemplifies the turbulence.
Meanwhile, Changpeng Zhao’s exit from the Canadian tally (now UAE-based) skews the numbers.
Still, Canada’s richest remain a force, collectively holding billions in diverse industries.
The World’s Wealthiest: Where Canada Stands
Globally, Elon Musk reigns supreme with $342 billion, followed by Mark Zuckerberg ($216 billion), Jeff Bezos ($215 billion), Larry Ellison ($192 billion), and Bernard Arnault and family ($178 billion).
Canada’s top dog, Jim Pattison, at $11.4 billion, doesn’t crack the global top 200—but his rise signals strength in Canada’s entrepreneurial spirit.
Jim Pattison: Canada’s New Billionaire King
At 96, Jim Pattison’s ascent to Canada’s richest is a testament to longevity and savvy.
His Jim Pattison Group spans car dealerships, grocery chains, and media.
From a humble start selling cars in Vancouver, Pattison’s empire now generates billions annually.
His $11.4 billion net worth leapfrogs the Thomsons, proving Canada’s wealth crown is up for grabs.
David Thomson’s Fall: What Happened?
The Thomson family’s $57.6 billion drop is the list’s biggest shock.
As stewards of Thomson Reuters, their media and data empire faced headwinds—possibly from digital disruption or market shifts.
At $10.2 billion, they’re still titans, but their slide from #22 to #264 raises eyebrows.
Tobi Lutke: Tech’s Canadian Star
Tobi Lutke’s Shopify empire keeps him in the spotlight.
With $7.2 billion, he’s Canada’s tech trailblazer, powering small businesses worldwide.
His wealth grew modestly, but his influence in e-commerce is unmatched.
Chip Wilson: Lululemon’s Lasting Legacy
Chip Wilson’s $6.8 billion fortune reflects Lululemon’s enduring appeal.
Though he stepped back from the company, his early vision built a global brand.
His steady wealth shows retail’s staying power.
Alain Bouchard: Convenience Store Cash
Alain Bouchard’s $6.6 billion comes from Alimentation Couche-Tard, a convenience store giant with thousands of locations.
His knack for acquisitions keeps the cash rolling.
Rising Stars: Gilgan, Hoegner, and More
Peter Gilgan’s $6.4 billion from Mattamy Homes highlights Canada’s real estate resilience.
Stuart Hoegner’s $6.2 billion, tied to crypto, signals a new wealth wave.
Daryl Katz, Stephen Smith, and Anthony von Mandl round out a diverse top 10, spanning sports, finance, and beverages.
What’s Next for Canada’s Billionaires?
Will Pattison hold the crown?
Can the Thomsons rebound?
As global wealth swells, Canada’s richest face new challenges—and opportunities.
Stay tuned for 2026’s billionaires list to see who rises, who falls, and who joins the elite.
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