Thomson family still Canada’s richest

The wealthy Thomson family remains number one on the latest Canadian Business magazine list of the 100 richest Canadians.

TORONTO — The wealthy Thomson family remains number one on the latest Canadian Business magazine list of the 100 richest Canadians.

The Thomson clan, which controls the Thomson Reuters (TSX:TRI) news and specialized data company, has amassed roughly $21.99 billion, up 19 per cent over last year.

Most of that is in the stock value of the company the family controls as well as its investments in other firms, including a large stake in CTVglobemedia, owner of the CTV network and the Globe and Mail newspaper.

But that growth is nothing compared with Ivanhoe Mines Ltd. (TSX:IVN) executive chairman Robert Friedland.

The magazine says his worth rose 217 per cent to $1.59 billion and he jumped 61 spots to number 32 on the list. Now based in Singapore, Friedland is also executive co-chairman, president and CEO of a Calgary-based Ivanhoe Energy (TSX:IE), a company developing a new heavy oil extraction technology.

The No. 2 spot on the Canadian Business list is occupied by Irving Oil owners James Arthur and John Irving at $7.28 billion.

The Irving group owns refineries, gasoline stations, trucking, shipbuilding, forestry and media businesses in New Brunswick and other Atlantic provinces as well as New England.

Galen Weston, owner of Loblaw Cos. Ltd (TSX:L), Canada’s largest supermarket chain, is third with $6.47 billion, followed by Vancouver businessman Jimmy Pattison at $5.07 billion.

Pattison’s private companies range from advertising and car dealerships to forestry, manufacturing and shipping.

The Rogers family of Toronto, owners of Rogers Communications (TSX:RCI.B), Canada’s largest cable TV and cellphone operator, rounds out the Top 5 at $4.7 billion.

Just Posted

Scares and chills await at haunted house in Red Deer

Zed Haunted House helps raise money for Boys and Girls Club of Red Deer District

PHOTO: Renewable Energy Fair at Red Deer College

The Renewable Energy Fair and Workshops event was held at Red Deer… Continue reading

PHOTOS: Red Deer College Queens host third annual Pink in the Rink game

Queens raised $12,035 for the Central Alberta Cancer Centre.

PHOTOS: The Mustard Seed CEO speaks at Seeds of Hope Gala in Red Deer

The first-ever Seeds of Hope Gala was held at the Red Deer… Continue reading

Person airlifted to hospital after collision near Innisfail

One person was airlifted to hospital after a serious collision west of… Continue reading

WATCH: Make-A-Wish grants Star Wars loving teen’s wish

The Make-A-Wish Foundation granted Anakin Suerink’s wish in Red Deer Saturday afternoon

Turkey to reveal details of probe into Khashoggi’s killing

ISTANBUL — In a sign of growing pressure on Saudi Arabia, Turkey… Continue reading

Utah truck driver is jailed without bond after crash kills 6

HEBER, Utah — A man suspected of driving under the influence remained… Continue reading

A ragged, growing army of migrants resumes march toward US

TAPACHULA, Mexico — A ragged army of Honduran migrants streamed through southern… Continue reading

Postal workers to begin strikes in 4 Canadian cities Monday if deal not reached

OTTAWA — The union representing 50,000 Canada Post employees says it will… Continue reading

Migrant caravan swells to 5,000, resumes advance toward US

CIUDAD HIDALGO, Mexico — Despite Mexican efforts to stop them at the… Continue reading

“I don’t feel real”: Mental stress mounting after Michael

PANAMA CITY, Fla. — Amy Cross has a hard time explaining the… Continue reading

Toronto residents set to vote Monday on the next four years of civic leaders

Toronto’s municipal election campaign, marked by unprecedented provincial interference, ends Monday when… Continue reading

Former PQ minister Lise Payette remembered as role model for female politicians

MONTREAL — Members from across Quebec’s political spectrum gathered at a downtown… Continue reading

Most Read