Richest billionaires in Ontario

Stacker compiled the richest billionaires in Ontario using data from Forbes. Net worth is as of Jan. 22, 2026.

The first billionaire is generally considered to be John D. Rockefeller in 1916, though some argue it was Henry Ford in 1925. Fast-forward over 100 years and there are now around 3,000 billionaires around the world. Read on to see which billionaires live in your area and the richest across the country.

Richest billionaires in Ontario

#20. Catherine Phillips
- Net worth: $2.1 billion
- Source: investments
- Industry: Finance & Investments
- Lives in: Toronto, Ontario

#19. John Phillips
- Net worth: $2.1 billion
- Source: investments
- Industry: Finance & Investments
- Lives in: Toronto, Ontario

#18. Jay Hennick
- Net worth: $2.1 billion
- Source: Real estate finance
- Industry: Finance & Investments
- Lives in: Toronto, Ontario

#17. Clayton Zekelman
- Net worth: $2.1 billion
- Source: Steel
- Industry: Manufacturing
- Lives in: Windsor, Ontario

#16. Bill Malhotra
- Net worth: $2.3 billion
- Source: Real estate
- Industry: Real Estate
- Lives in: Ottawa, Ontario

#15. Naomi Azrieli
- Net worth: $2.7 billion
- Source: Real estate
- Industry: Real Estate
- Lives in: Toronto, Ontario

#14. V. Prem Watsa
- Net worth: $2.6 billion
- Source: Insurance, investments
- Industry: Finance & Investments
- Lives in: Toronto, Ontario

#13. Hal Jackman
- Net worth: $2.8 billion
- Source: Insurance, investments
- Industry: Finance & Investments
- Lives in: Toronto, Ontario

#12. Larry Tanenbaum
- Net worth: $2.8 billion
- Source: Sports
- Industry: Sports
- Lives in: Toronto, Ontario

#11. Mitchell Goldhar
- Net worth: $2.8 billion
- Source: Real estate
- Industry: Real Estate
- Lives in: North York, Ontario

#10. Mark Leonard & family
- Net worth: $3.1 billion
- Source: Software
- Industry: Technology
- Lives in: Toronto, Ontario

#9. Barry Zekelman
- Net worth: $3.4 billion
- Source: Steel
- Industry: Manufacturing
- Lives in: Windsor, Ontario

#8. Michael Latifi
- Net worth: $3.5 billion
- Source: Meat processing
- Industry: Food & Beverage
- Lives in: Toronto, Ontario

#7. Jack Cockwell
- Net worth: $3.8 billion
- Source: Real estate, private equity
- Industry: Finance & Investments
- Lives in: Toronto, Ontario

#6. Carlo Fidani
- Net worth: $4.5 billion
- Source: Real estate
- Industry: Real Estate
- Lives in: Toronto, Ontario

#5. Stephen Smith
- Net worth: $6.2 billion
- Source: Finance and investments
- Industry: Finance & Investments
- Lives in: Toronto, Ontario

#4. Stuart Hoegner
- Net worth: $6.2 billion
- Source: Cryptocurrency
- Industry: Finance & Investments
- Lives in: Toronto, Ontario

#3. Peter Gilgan
- Net worth: $7.4 billion
- Source: Homebuilding
- Industry: Construction & Engineering
- Lives in: Toronto, Ontario

#2. David Thomson
- Net worth: $7.7 billion
- Source: Media
- Industry: Media & Entertainment
- Lives in: Toronto, Ontario

#1. Tobi Lutke
- Net worth: $11.9 billion
- Source: E-commerce
- Industry: Technology
- Lives in: Toronto, Ontario

Richest billionaires in Canada

#10. Daryl Katz
- Net worth: $6.0 billion
- Source: Pharmacies
- Industry: Diversified
- Lives in: Edmonton, Alberta

#9. Emanuele (Lino) Saputo & family
- Net worth: $6.1 billion
- Source: Cheese
- Industry: Food & Beverage
- Lives in: Montreal, Quebec

#8. Stephen Smith
- Net worth: $6.2 billion
- Source: Finance and investments
- Industry: Finance & Investments
- Lives in: Toronto, Ontario

#7. Stuart Hoegner
- Net worth: $6.2 billion
- Source: Cryptocurrency
- Industry: Finance & Investments
- Lives in: Toronto, Ontario

#6. Chip Wilson
- Net worth: $6.4 billion
- Source: Lululemon
- Industry: Fashion & Retail
- Lives in: Vancouver, British Columbia

#5. Alain Bouchard
- Net worth: $7.3 billion
- Source: Convinience stores
- Industry: Fashion & Retail
- Lives in: Montreal, Quebec

#4. Peter Gilgan
- Net worth: $7.4 billion
- Source: Homebuilding
- Industry: Construction & Engineering
- Lives in: Toronto, Ontario

#3. David Thomson
- Net worth: $7.7 billion
- Source: Media
- Industry: Media & Entertainment
- Lives in: Toronto, Ontario

#2. Jim Pattison
- Net worth: $11.8 billion
- Source: Diversified
- Industry: Diversified
- Lives in: Vancouver, British Columbia

#1. Tobi Lutke
- Net worth: $11.9 billion
- Source: E-commerce
- Industry: Technology
- Lives in: Toronto, Ontario