However, he is still Lululemons largest individual shareholder with an 8% stake in the company. Ronnen Harary $1.38 billion CAN ($1.1 billion US), 61. Their timber and forestry operations have planted over one billion trees since 1957. [2][16] Almost a million Canadians self-identified as Indigenous.[16]. People of South Korean, Chinese and South Asian extraction tend to be the top earners in Canada, broadly speaking. + Is Making Bi-Weekly Payments on a Mortgage a Good Idea? He founded CGI in 1976 and later took on a co-founder. 2023 Vancouver Sun, a division of Postmedia Network Inc. All rights reserved. Zekelman transformed the business into a world-renowned steel company, JMC Steel Group, now known as Zekelman Industries. Michael Lee-Chin started out landscaping for a Jamaican hotel, and cleaning the engine room of a cruise ship. One of the richest Candians gave new meaning to the term slacker. She owns a 14% stake in her familys investment company, Woodbridge. Lalibert establishe Cirque du Soleil with Gilles Ste-Croix in 1984. Data on more than 450 ethnic and cultural origins from the 2021 Census are available. Get exclusive access to the Vancouver Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Carlo Fidani took over management of Orlando Corporation after the death of his father, Orey Fidani, in 2000. He is the co-founder of the Cirque du Soleil international entertainment empire. Ryan Cohen $3.65 billion CAN ($2.9 billion US), 36. Chinese ethnic group biggest earners in the UK - BBC News Indeed, the report says one reason many people of colour earn more than white people is they live in metropolises, where wages tend to be elevated. Apoorva Mehta $4.41 billion CAN ($3.5 billion US), 25. Access articles from across Canada with one account. Our Richest list starts with Kuldip Rai Sahi, the Chairman and Chief Executive Officer (CEO) of Morguard Corporation (MRC: TSE). Pan and her husband grew Blue Moon Group into a company with healthy profits. Garrett Camp, a Calgary born entrepreneur, is a founder of Uber. People of colour born in Canada are far more likely than white people to have university degrees. Taylor Thomson $10.78 billion CAN ($8.56 billion US), 6. She has a doctorate in global financial business management, a Bachelor of Science degree in biomedical engineering from Beijing Technology, and an MBA from the University of Warwick. Mark Scheinberg and his father Ian created their own casino, PokerStars.com. Yuan Liping $2.77 billion CAN ($2.2 billion US), 43. Another billionaire and richest Canadian is Peter Gilgan. According to Forbes, Goldhar is worth $3.906 billion CAN ($3.1 billion US). He earned his degree from Universit de Montral and started a small construction business. People from a diverse set of ethnic . Sherry Brydson $17.38 billion CAN ($13.8 billion US), The 8 Richest People in Alberta: Their Net Worth and How They Made Their Money, 7 Things You Didnt Know About Canadians in the Top 1%, The Mansion of Canadian Tire Founder Goes on Sale for $28 million, Compare Canadian Cryptocurrency Exchanges, 3X points on qualifying dining and delivery purchases, 2X points on eligible travel purchases. Kuldip Rai Sahi $1.38 billion CAN ($1.1 billion US), 66. Get up to $2,000 cashback + $50 signup bonus. Hararys SpinMaster is now involved in toys, animation, and digital entertainment. v. 2. $685,000**. Forbes puts Naomi Azrielis net worth at $2.14 billion CAN ($1.7 billion US). Charles is a major philanthropist who has signed The Giving Pledge and written two books on the subject. The relevant census question asked for "the ethnic or cultural origins" of the respondent's ancestors and not the respondents themselves. Unauthorized distribution, transmission or republication strictly prohibited. The 2020 General Social Survey revealed that 92% of adult Canadians said that "[ethnic] diversity is a Canadian value". 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. Main facts and figures. He holds an MBA from Harvard University. Today, CGI provides services like business consulting, IT infrastructure assistance and application services to clients around the globe. Cupolas and domes distinctly Eastern, almost Turkish, startle one above the tops of Manitoba maples or the bush of the river banks. Linda Campbell $8.46 billion CAN ($6.72 billion US), 11. Forbes puts his net worth at $2.14 billion CAN ($1.7 billion US). Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. He eventually sold this to Ebay for $75 million. Max Lytvyn was born and raised in Ukraine. At the time, the federal government began supplementing increased mass immigration from the British Isles (mainly England) by also permitting large migration flows from continental Europe, especially Germany, Scandinavia, and the Soviet Union. Racial Wage Gap - The Conference Board of Canada Detailed ancestry. Some of Canadas richest citizens started their companies less than 10 years ago while others inherited their money. Bruce Flatt $5.79 billion CAN ($4.6 billion US), 18. He is technologically savvy and loves to solve problems for people. Richard Fortin $1.89 billion CAN ($1.5 billion US), 59. He later obtained Canadian citizenship. Chulong holds 85% of shares of the Shenzhen Galaxy Commercial Property Investment. Mark Leonard is the President and Chairman of the Constellation Software board. From 2012 to 2015, she served as the companys director and deputy general manager. Most Canadian visible-minority women earn more than white females, who averaged $1,120 a week. Barry Zekelman $4.15 billion CAN ($3.3 billion US), 29. The country's racialized groups are all experiencing population growth. That compares to only 27 per cent of white people. Gerald Schwartz is in the Canadian Business Hall of Fame and has been given the Order of Canada. Wilson resigned as Chairman in 2013 and removed himself from the business entirely in 2015. What is the richest ethnic group in America? Jim Pattison is an investor, philanthropist and businessman. [7][3], Of the 36.3 million people enumerated in 2021 approximately 25.4 million reported being "white", representing 69.8percent of the population. 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 decided to concentrate on two sources, Forbes and Bloomberg, for our Richest list. Today, Harary is a company director and Forbes magazine lists his net worth at $1.38 billion ($1.1 billion USD). The median household income . Thomson is the grandson of Thomson Corp. founder, Roy Thomson. Get a personal loan up to $15,000 without ever leaving your home. Technical storage or access that is used exclusively for anonymous statistical purposes. There is little Canadian data when it comes to examining wealth according to race, but Statistics Canada did include some details on income linked to net wealth specifically, capital gains and income from investments broken down by visible minority status in the 2016 Census. According to Forbes, Dr. Catherine Phillips is worth $1.89 billion CAN ($1.5 billion USD). In 2000, he and his nephew decided to sell the family business to Vivendi in a deal valued at $30 billion. Stroll collects vintage Ferraris. Forbes puts Butterfields net worth at $1.76 CAN ($1.4 billion US). Taylor Thomson appears to be focusing on building her real estate portfolio with more than $ 120 million worth of real estate in California alone. too many charts, tables or uncontextualized data, Learn how and when to remove this template message, first census of independent Canada in 1871, "How Statistics Canada Identifies Aboriginal Peoples", "Population and growth components (18512001 Censuses)", "The Canadian census: A rich portrait of the country's religious and ethnocultural diversity", "Ethnic or cultural origin by gender and age: Canada, provinces and territories, census metropolitan areas and census agglomerations with parts", "Census Profile, 2021 Census of Population Profile table Canada [Country] Total - Ethnic or cultural origin for the population in private households - 25% sample data", "Visible minority and population group by generation status: Canada, provinces and territories, census metropolitan areas and census agglomerations with parts", "The Daily Indigenous population continues to grow and is much younger than the non-Indigenous population, although the pace of growth has slowed", "Visible Minorities and Aboriginal Peoples in Vancouver's Labour Market", "The Daily Immigrants make up the largest share of the population in over 150 years and continue to shape who we are as Canadians", "2021 Annual Report to Parliament on Immigration", Immigration, Refugees and Citizenship Canada, "Immigrants make up the largest share of the population in over 150 years and continue to shape who we are as Canadians", "Canadians aren't just adapting to diversity there's data to show we're embracing it", "Ethnocultural Portrait of Canada Data table", "Immigration and Ethnocultural Diversity Highlight Tables", "Seventh census of Canada, 1931 . What are the biggest ethnic groups in Canada? The United States Census has race and ethnicity as defined by the Office of Management and Budget in 1997. 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. According to Forbes, Shevchenko is worth $5.04 billion CAN ($4 billion US). Get a $25 bonus when you open an investment account with Canadas most- popular robo-advisor. Stewart Butterfield $1.76 billion CAN ($1.4 billion US), 60. DAmours still sits on the Alimentation Couche-Tard board. Sharon Azrielis fortune started with her father, David Azrieli. As of 2016, more than 86% of Haitian Canadians reside in Quebec. What is the ethnic majority of Quebec? - ruggedthuglife.com Canadian is the largest self-identified ethnic group in Canada. There, Michael became an investing mastermind. Religions, origins, birthplace, citizenship, literacy and infirmities, by provinces, districts and sub-districts", "Sixth census of Canada,1921 . 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. What are the 4 largest ethnic groups in Canada? One is Arista Networks, which went public in 2014 (ANET:NYSE). Charles Bronfman inherited the largest distiller of alcohol in the world, Seagram. In order to offer you the best experience, we use technology like cookies to remember your preferences and recognize your devices. By contrast, large population increases amongst the three main ethnic groups from the British Isles (English, Irish, and Scottish) occurred through natural increase but relied heavily on high immigration rates that began in the early-mid 19th century dubbed the Great Migration of Canada this continued through the early 20th century, spurred by record immigration rates during the 1900s and 1910s, when English immigrants formed a majority or plurality of all immigrants to Canada on an annual and decadal basis. Naomi Azrieli sits on a billion-dollar empire that started with her father. Lawrence Stroll is partly responsible for taking Michael Kors public in 2011, which is where the bulk of his fortune came from. Income inequality, a measure of the economic gap between the rich and poor, has risen steadily in the United States since the 1970s. He is a trained accountant who came to Canada from South Africa and helped build Brookfield Asset Management. [15] About 25% of Canadians were "racialized";[2] By 2021, almost 5% of Canadians self-identify as Muslim. How many different ethnic groups are there in Canada? Income distribution - GOV.UK Ethnicity facts and figures He earned an Honours Business Administration degree from the University of Western Ontario. Forbes puts Bill Malhotras net worth at $2.26 billion CAN ($1.8 billion US). [19]:512 During the same time period, the English proportion of the total Canadian population rose from 20.3percent to 29.0percent. Korean, Japanese and South Asian men earned slightly more than white males, who took in $1,530. When you consent to allowing these technologies, it permits us to analyze data, like on-site behaviour and unique IDs on the site. 1. Bill Malhotra $2.26 billion CAN ($1.8 billion US), 47. Catherine Phillips is the author of a book called Calm Your Mind, Warm Your Heart which was written to help people battling cancer. Clayton established MNSi Telecom in 1995, and bought Nexicom from the retiring Downs brothers in 2016. This report provides a hard look at the ethnic groups that appear to be moving up the ladder and those which arent. Haitian Canadians are Canadian citizens of Haitian descent or Haiti -born people who reside in Canada. Forbes put his net worth at $2.39 billion CAN ($1.9 billion US). She owns 23% of the Thomson familys investment firm, Woodbridge. Douglas Todd: 'Astonishing' findings on Canadian ethnic groups' earnings and education, Man stabbed in Surrey two weeks after he was stabbed on SkyTrain, Reward reduced for Wolfpack gang killer who escaped B.C. Phillips also held an executive position at Clearnet, and benefitted when the company was sold to Telus for $6.6 billion. What percentage of Canada's population is black? The report said the number of people who identify as Asian in the US has nearly tripled in the past three decades, and Asians are now the fastest-growing of the nation's four largest racial and . These include responses as varied as a respondent who listed eight different origins and a respondent who answered "French Canadian" (leading to them being counted once for "French" and once for "Canadian"). Uber was not Camps first business venture. Taylor Thomson is the granddaughter of Roy Thomson. Saskatchewan - C$70,654 . A welcome email is on its way. According to the 2021 Canadian census, over 450 "ethnic or cultural origins" were self-reported by Canadians. 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. Onex acquired companies and grew to include credit and investment advisory. To date, the company has bought out more than 500 companies. There are nearly 4 million people of Indian descent in America. [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. Joseph Tsai $11.34 billion CAN ($9 billion US), 5. That brought Arthur 100% ownership of the company. List of ethnic groups in the United States by household income All citizens of Canada are classified as "Canadians" as defined by. Barry currently serves as the President, Chairman and CEO of Zekelman Industries, the family steel and pipes business. Cohen is also the largest individual owner of stock in Apple. According to Forbes, Emanuele Saputo is worth $6.04 billion CAN ($4.8 billion US). How did they become the richest? This was also the case in the 2011 NHS (10,563,805),[25] 2006 Census (10,066,290),[26] 2001 Census (11,682,680),[27] and the 1996 Census (8,806,975). The company expanded from that point until it went public in 1997 (SAP:TSE). That contributes to higher earnings. The company went public on the Toronto Stock Exchange (TOY: TSE) in 2015. They created the worldwide blockbuster Bakugan in 2007, Hatchimals, and the PAW Patrol brand. Mehta started Instacart in 2012 and still serves as CEO of the company, Forbes puts Apoorva Mehtas net worth at $4.41 billion CAN ($3.5 billion US). The survey conducted for BMO Harris Private Banking found that 48 per cent of . 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. Hal Jackman was the Lieutenant Governor of Ontario from 1991-1997. Forbes puts James Irvings net worth at $5.16 billion CAN ($4.1 billion US). Changpeng Zhao $14.22 billion CAN ($11 billion US), 3. Campbell reportedly owns an 11% stake of the Thomson familys fortune. Forbes puts his net worth at $1.51 billion CAN ($1.2 billion US). B) from the University of Manitoba. Max Lytvyn $5.04 billion CAN ($4.0 billion US), 22. Gerald Schwartz $2.01 billion CAN ($1.6 billion US), 55. The company invests in alternative assets like infrastructure, private equity and real estate. In 2013, he became Head of Development at Blockchain. [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. Some of the richest Canadians, like Lawrence (Larry) Tanenbaum and the Rogers family, are billionaires who did not make the list. + What Are the Main Benefits of Refinancing Your Mortgage? It is used by more than 500,000 merchants worldwide today. According to Forbes, N. Murray Edwards has a net worth of $3.78 billion CAN ($3.0 billion US). Michael McCain $1.38 billion CAN ($1.1 billion US), 62. He spent years growing the company and leading them to a direct listing on the New York Stock Exchange in June 2019. Besides these million dollar investments, Brydson owns a few small businesses in Toronto including Thai restaurant Bangkok Garden and Elmwood Spa. Sixty per cent of all people of colour in Canada live in just three cities Montreal, Toronto and Vancouver. Today, Rabie is a director at Spin Master. The storage or technical access is necessary for the purpose of legitimate interest to store preferences that are not requested by the subscriber or user. Forbes estimates Bruce Flatt to have a net worth of $5.79 billion CAN ($4.6 billion US). What are the top 3 ethnic groups in Canada? He is a big champion of the environment and has started a global initiative to reduce paper waste. Slack was originally an ancillary software to a video game that Butterfield was designing called Glitch. Eventually, he decided to try and innovate something that almost everyone has to do, shop for groceries. . Sahi also took over what is nowTWC Enterprises, which owns a chain of golf courses in Canada and the US. Jacques DAmours $3.65 billion CAN ($2.9 billion US), 35. + The Ultimate Guide to Life Insurance Medical Exams. Alan Zekelman used his training to transform the family business into one of the largest steel pipe and tube manufacturers in North America. Zekelman is widely known for his generous charitable contributions. In 1955, he opened up the doors of his eponymous investment firm, Jarislowsky Fraser Limited. Korean-Canadian women earned $1,450 a week on average; Chinese women $1,440; South Asian women $1,330; Japanese $1,320; Filipino $1,260; and Arab and Iranian $1,120. Leonard founded the company in 1995 and then acquired many other tech companies. Ethnic origins of people in Canada - Wikipedia Earn FREE gift cards with Swagbucks! Name. 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. He also became the largest shareholder in SmartREIT. [19]:512 The largest Irish population increases occurred prior to confederation, spurred by mass immigration during the mid-19th century at the height of the Great Migration of Canada, and was primarily due to The Great Famine and related poor economic conditions in Ireland at the time. v. 13. $2.57 million**. His has significant company holdings in Mitel Networks, Wesley Clover and March Networks. Chip Wilson is a businessman, philanthropist and the founder of many retail apparel companies including Lululemon Athletica Incorporated (LULU: NASDAQ). [2][3] Statistics Canada reports that 35.5% of the population reported multiple ethnic origins, thus the overall total is greater than 100%. Another 175 Walmarts followed. [2] The major panethnic origin groups in Canada are: European (52.5%), North American (22.9%), Asian (19.3%), North American Indigenous (6.1%), African (3.8%), Latin, Central and South American (2.5%), Caribbean (2.1%), Oceanian (0.3%), and Other (6%). Shevchenkos first business was MyDropbox.com, a plagiarism detector. Even though many more white women than white men have university degrees (38 per cent), they still lag behind almost every other ethnic group. Whites are mostly in the middle of the pack in terms of wages, while they are in the lower echelons in regard to university education. 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. Actually, Tobias Lutke built the e-commerce software himself. He soon figured out the secret sauce to mind-bending wealth is to build the kind of home he wanted to live in. The Canadian company that now manages the business is called Canpro Investments, where Naomi Azrieli sits at its helm. According to Forbes, John Phillips is worth $1.89 billion CAN ($1.5 billion USD). Thomson is chair of Thomson Reuters, the Globe and Mail newspaper and Woodbridge, an investment firm. 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. An important part of the story of rising income inequality is that experiences within America's racial and ethnic . Forbes puts his net worth at $2.01 billion CAN ($1.6 billion US). The Saputo family immigrated to Montreal, Canada in the 1950s with teenaged Emanuele, and set up their cheese business. His grandfather, Hok Yat Louie opened a general store in 1903 in the citys Chinatown. This advertisement has not loaded yet, but your article continues below. Prior to European arrival, indigenous peoples (Inuit, Metis, and First Nations) lived in Canada. He studied computer science at McGill University. He eventually landed a European apprenticeship in the wine trade which, in turn, brought him back to Canada as an importer and merchant of fine wines. Characteristic Share of total population; French: 13.6%: Scottish: 13.9%: English: 18.3%: Canadian: . Richard Fortin is one of the founding partners in the Couche-Tard, also known as Alimentation Couche-Tard, chain of convenience stores. Bronfman also founded Claridge Inc., a private equity firm, in 1987. After spending time at Toshiba, she founded Achievers in Toronto. He runs Claridge with his son. They sold the company for $4.9 Billion. The company is known for its ability to provide full-service with everything from the land, to the design, permit obtainment and construction of a project which has contributed to its success. People of colour and whites are making remarkably different choices about big cities and small towns. He owns of J.D. He has been with the business for over 20 years, most recently as Chief Financial Officer (CFO) and Executive Vice-Chairman of the Board. Forbes puts Chip Wilsons net worth at $7.05 billion CAN ($5.6 billion US). Michelle Zatlyn $1.38 billion CAN ($1.1 US), 65. 'Astonishing' findings on Canadian ethnic groups' earnings, education Farncombe also owns 11% of Woodbridge investment firm. The company is listed on the Toronto and New York Stock Exchanges (BAM.A: TSE, BAM: NYSE). Chinese and South-Asian Canadians are among the top earners and most educated. There are so many different ways to measure wealth. Today Couche-Tard stores can be found all over the world. Pierre-Karl Pladeau $2.26 billion CAN ($1.8 billion US), 49. [2] The median household income in 2021 across the general population (all races and ethnicities included) was $69,717. Based in Montreal, Canada, the company has operations in 44 countries. Harary also helped in the creation of PAW Patrol. Shenzhen Kangtai Biological Products develops vaccines, and initially gained success by being the leading producer of the nations vaccine against Hepatitis B. Jean Coutu opened his first pharmacy in Quebec in 1969 and, thanks to some clever tactics, that one pharmacy turned into a large network of pharmacies across Canada. In 1984, Schwartz founded Onex Corporation with 50 million dollars in private equity. Irving, is the sixth-largest landowner in the United States, with over 1.25 million acres of land in its name. Forbes puts Stephen Smiths net worth at $3.65 billion CAN ($2.9 billion US). Gaye Farncombe $8.46 billion CAN ($6.72 billion US), 12. Using white Canadians as a majority baseline, the report pinpoints how some ethnic groups are doing much better than others in earnings and education, as well as striking differences between men and women, and how people of colour overwhelmingly live in cities. Alain Bouchard $6.93 billion CAN ($5.5 billion US), 14. Even though the Statistics Canada report doesnt suggest where discrimination might be occurring in Canada, both Schellenberg and Skuterud said the data does appear to raise at least one red flag: Black males fell further behind others in relative earnings in the period between 2006 and 2016. That is why Hillhouse Capital Management invested 46 million USD (55.66 million CAD) in two rounds of funding. Indians in America make $100,000 on average: Highest-earning ethnic group Sharon Azrieli $2.14 billion CAN ($1.7 billion US), 52. Forbes puts Garrett Camps current net worth at $3.90 billion CAN ($3.1 billion US). [15][16] Prior to the early 1970s, most new Canadians came from Europe.
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