Albertans well positioned among Canada’s 100 wealthiest
Posted Oct 6, 2011 7:40 am.
This article is more than 5 years old.
Canadian Business Magazine is out with its list of the 100 wealthiest Canadians, and one in 10 live and work in Calgary.
Toronto’s Thomson family, who has topped the list for years, saw their massive wealth shrink to $21.34-billion.
A little worse-off this year was the number two person, supermarket magnate Galen Weston, who has a fortune of $8-billion.
Oil tycoons, the Irving family, came in third at $7.8-billion and the Rogers family, owners of 660News, came in fourth at $5.94-billion.
Here in Cowtown, owners of Mancal Group Fred and Ron Mannix are the richest people locally and ninth on the list overall with a fortune of $3.44-billion.
Founder, president and CEO of Paramount Resources as well as part-owner of the Calgary Flames, Clay Riddell, was next down the line and eleventh nation-wide at $3.19-billion.
“Thanks largely to what we’ve seen, rising energy prices have benefited people who are invested in the oil and energy sector and he’s been one of the prime beneficiaries of that,” says Canadian Business deputy editor James Cowan.
Co-owner of the Calgary Flames and Canadian Natural Resources, Murray Edwards, isn’t far behind Riddell with $2.47-billion.
“I think that’s a reflection of that some of these people have seen significant gains in wealth, he’s doing well, but when you compare him to someone like Chip Wilson, he’s not doing as well,” says Cowan.
Other names to make the cut locally include media mogul J.R. Shaw, Ronald Southern of Atco, co-founder of Tim Horton’s Ron Joyce and David Werklund.
He says much of the people whose fortunes rose have money invested into commodities while those in the manufacturing sector did not fair well.
