How Many Millionaires in Calgary?

The richest millionaires in Calgary, Alberta, are successful businesspeople. Most of them started from humble beginnings and grew their businesses to multi-million ventures. Some of the companies are operated as family businesses. Calgary has roughly 30,000 millionaires living among its population. This is a list of the wealthiest people and millionaires in Calgary, Alberta.

Ghermezian Brothers

  • Net worth – $650 Million

Ghermezian Brothers are successful businessmen and have significant investments in real estate properties. Ghermezian family consists of four brothers; Eskandar, Nader, Raphael, and Bahman. Their company Triple Five has developed some of the largest shopping malls. They started the business from humble beginnings, and they have taken unique approaches when starting shopping malls. Some of the malls are tourist attraction centers.

Some of their renowned projects include Edmonton Mall and the Mall of America. They are currently developing another mall, the American Dream Mall, in New Jersey. The mall will host an indoor water park and ski slope. Unfortunately, they were about to open the mall, and it was interrupted by Covid-19, which greatly affected their business.

Brad Shaw Family

  • Net worth – $1.2 Billion

Brad Shaw founded Capital Cable Television in 1966 before rebranding to Shaw Communications. The company provides telecommunication and satellite services. Brad Shaw had been running the company until his death in March 2020. His son took part in a deal to sell Shaw Communications to Rogers. If the deal is successful, it will lead to a merger between Canada’s two most prominent companies.

David Werklund

  • Net worth – $1.43 Billion

David Werklund founded his first company, Concord Well Servicing, in 1979. Before starting the company, he grew up on a farm. He worked for an oil company as a product manager. This gave him experience in doing business. The skills he learned helped him start his own company. The company has grown over the years to become the third-largest well service company in Canada.

His company has made a significant milestone by launching Gravity Compression System that separates solid waste from emulsions. David also established Tervita Corporation that deals with the environment and waste management. His companies have created an environment where entrepreneurship and innovation can be nurtured. David has also contributed to society by donating $16 million to Olds College.

Jim Riddell Family

  • Net worth – $1.62 Billion

Jim Riddell was a successful business until he died in 2018. He rose from humble beginnings to become one of the most successful business people. His father was a mailman. Jim started Paramount Resources in 1974, which is the country’s biggest oil driller. He handed over the businesses to his children.

Jim Riddell is the CEO of Trilogy Energy, his daughter Sue Riddell is the CEO of Perpetual Energy, and his son-in-law is the CEO of Tourmaline Oil. All their businesses are running well and have helped them make a fortune.

N. Murray Edwards

  • Net worth – $2.18 Billion

Murray Edwards is one of the most successful business people in Calgary, Alberta. His business success is an inspiration to many. His grandparents were immigrants and made a living as a farmer and a blacksmith. His parents were a teacher and an accountant.

During his early days, he did odd jobs to make ends meet. At some point, he worked with a garbage crew, and during summer, he worked as a hockey referee. Then, he joined the University of Saskatchewan. He wanted to become a lawyer, but at the age of 28, he ventured into business. He started a business in the mining and oil industry until he started investing in his own energy company.

His companies are extensively involved in energy and oil. Some of his companies include Canadian Natural Resources, Magellan Aerospace, and Ensign Energy Services. As well, he has invested in other businesses like Canadian Rockies and Calgary Flames.

Ronald Southern

  • Net worth – $2.3 Billion

Ronald Southern was a prominent business in Canada until he died in 2016. Ronald’s success journey began when he started leasing portable trailers to construction companies. He wanted to use revenues from the business to fund his education at the University of Alberta. However, he saw a market gap; they needed trailers that could withstand Canadian winters. It was then his dream to enroll at the university ended. That is how Alberta Trailer Company started. In 2003, Ronald’s daughter took over the company. Ronald had invested in other companies like Spruce Meadows.

Fred & Ron Mannix

  • Net worth: $3.3 Billion

Fred & Ron Mannix have built a fortune as a family. They got into business in 1898 through their great grandfather. The family has been actively involved in the industry since the 1980s when Fred Mannix Sr stepped down, and his sons took over the business. Ron took over Coril Holdings Ltd while Fred took over Mancal Company. The two companies are involved in coal, oil, real estate and construction. Fred and Ron run their businesses privately. Both of them attended the University of Alberta.

Darly Katz

  • Net worth – $4.36 Billion

Darly Katz is the founder of Katz Group of Companies. He studied at the University of Alberta before starting a pharmacy business. In 1991, he made his first fortune by purchasing the Canadian rights of the US franchise, the Medicine Shoppe. Darly Katz expanded the company between 1991 and 2016 and named it Katz Group of Companies. It is one of the largest privately-owned businesses in Canada. The business has an interest in pharmacy, real estate, sports and entertainment.

Darly Katz recently increased his fortune when he bought a popular hockey franchise, the Edmonton Oilers. He had tried to buy the team since 2000, but his bids got rejected. So it is until 2008, the previous owners accepted his offer at the cost of $242 million.

Garret Camp

  • Net worth – $4.4 Billion

Garret Camp is the co-founder of Stumble, a web discovery platform. He is also a co-founder of Uber. He also invests in cryptocurrencies and is working on a cryptocurrency called Eco. He also owns a studio known as Expa that is helping new entrepreneurs launch their startups.


Calgary Richest Millionaire People

The richest Canadian billionaires were David Thomson and his family, who control the media and publishing empires with an estimated fortune of $ 38 billion. Other billionaires whose fortunes have grown include Jean Coutu and Charles Bronfman and Pierre Carl Pelado. According to Forbes, the world’s richest is a whopping $ 5 trillion more affluent than they were around the same time last year.

According to Forbes’ 35th annual wealthiest people in the world released on Wednesday, 9 of Canada’s ten most prominent billionaires have increased their fortunes this year despite a pandemic raging around them. David Thomson, president of Thomson Reuters Corp., and his family have once again declared the crown of Canada’s wealthiest in a net worth of $ 41.8 billion, up from $ 31.6 billion last year. David Thomson, president of the media company Thomson Reuters, is once again at the forefront. 

According to the 2012 numbers and rankings of the most prestigious magazines globally, Wild Rose is home to seven billionaires, including countless others worth hundreds of millions, most of them through talent and hard work. However, some may have benefited from having wealthy families.

The Atlantic County Oil Co-founder Spruce Meadows was listed for $ 1.6 billion in Forbes last year. Still, his fortune was hit by falling oil prices, and Canadian Business reported that he was no longer a billionaire of $ 909 million in December. Non-Listed Article Content Clay Riddell topped Forbes’s list of Canadian billionaires, with an established value of $ 1.9 billion. Forbes magazine named him the eighth richest Canadian with a net worth of $ 4.8 billion.

Although he sold Tim Hortons in 1996 to Wendy, this legendary Canadian entrepreneur remains one of the richest men in Canada. David Cheriton is a Canadian billionaire who very baptized his investment acumen with computer skills as a child.

Allan Markin is a well-known and renowned Canadian billionaire in the energy industry with a net worth of $ 0.6 billion and lives in Calgary, Alberta, Canada. However, at $ 0.67 billion, Allan Markin is barely one of the richest people in Alberta.

It is also worth noting that there are no women among the 11 wealthiest residents of Alberta. The following list of Canadians by net worth includes the 25 richest Canadian citizens and families defined by Canadian Business. Canadian Business magazine publishes a comprehensive annual ranking of the 100 richest people and families in Canada, The Annual Guide to Canada’s Richest People: How Much They Are, How They Made Their Fortune and the Companies That Made Them… 

While the rest of the world added 346 billionaires in a year, the Canada super-wealthy population has remained unchanged in the new Global Richest People rankings. The number of millionaires in Canada is under one million, while the number of Canadian millionaires will rise to two million by 2023. Specifically, Bank Suisse predicts a 54% increase in the number of billionaires between 2018 and 2023. Canada and Russia are two countries that are rapidly expanding their millionaire clubs.

The net worth of the ten richest billionaires in the Great White North is $ 80 billion on the Forbes 2020 billionaires list – up from $ 87.1 billion last year – Other non-top ten billionaires had a tough year – six Canadians off the list – try updating your browser – or Calgary will be the richest on the Forbes list of Global Decrease Billionaires – Weston family came in third, while Lululemon founder Chip Wilson made almost $ 3 billion. 

Hemingway notes that as billionaires’ wealth recovers and grows, millions of Canadians are grappling with the economic fallout from the pandemic – with a weaker Canadian dollar and market sectors plagued by the coronavirus – pandemic – Canada’s wealthiest people are poorer than last year.

Six Calgary towns have been named among the wealthiest in Canada in the latest Canadian Business Ranking. The magazine collaborates with Environics Analysis to compile a ranking of Canada’s wealthiest areas by analyzing the average net worth of people living in each neighbourhood. Additional information on billionaires comes from the Forbes Global Index, and all US dollar estimates are expressed in USD.

The third richest billionaire in Canada, according to the ranking, is Jim Pattison, whose fortune is estimated at $ 6.1 billion. However, the Canadian Food Empire head was ranked 116th globally with a worth of $ 9.3 billion. He is currently 56th among the wealthiest people in Alberta in 2017; however, in what probably won’t surprise anyone, the wealthiest residents of Calgary are Fred and Ron Mannix of Mancal Group, with a net worth of $ 3.3 billion.

Also Read:

Vancouver Millionaires

How many Canadian millionaires?

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