Rich…not really getting richer
Posted Oct 6, 2011 01:40:23 PM.
This article is more than 5 years old.
It seems that some of Canada’s rich, haven’t been getting richer lately.
Canadian Business magazine says many of the country’s wealthiest people have seen their fortunes shrink this past year.
Toronto’s Thomson family, who’ve topped the top-100 list for years, saw their massive wealth shrink an estimated 8.7 per cent to 21.3 billion dollars.
Our local billionaires have dropped some 25 spots this time around.
RIM Co-Ceo Mike Lazaridis is 52nd with a worth of 1.3 billion and at spot 57, the other RIM Co-Ceo Jim Balisillie’s worth at 1.1 billion.
Another RIM person is at number 97 on the list, Douglas Fregin is worth $628 million.
The BlackBerry co-founders experienced a big drop in wealth this year because of RIM’s falling share price.
Canadian Business Say says even though Fregin retired from his position as vice-president of operations in 2007, most of his money is tied up in the company.
Also a little worse off this year is supermarket magnate Galen Weston, though still not struggling to keep food on the table.
He’s second with eight billion dollars, down 5.8 per cent from last year.
The Irving family of Saint John, New Brunswick comes in third with 7.8 billion, up 4.5 per cent from 2010.
The Rogers family is fourth with 5.94 billion, down 1.3 per cent.
