Paul Liberatore

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Jimmy Pattison once again ranks highest among Greater Vancouver residents on the Forbes list of billionaires



Vancouver businessman Jimmy Pattison is the Lower Mainland's wealthiest resident onForbes magazine's latest annual list of billionaires.

Pattison's net worth was pegged at $7.5 billion by the magazine. This puts him in 177th place in the rankings, which came out today.

The Jim Pattison Group's holdings include grocery chains, media, automobile dealerships, entertainment assets, forestry, port services, magazine distribution, signs, and packaging. 

Next among Vancouverites is lululemon founder Chip Wilson, whose net worth is $2.2 billion.

Brandt Louie, whose family owns IGA and London Drugs, also made the list with a net worth of $1.8 billion.

Another billionaire on the list with ties to the city is David Cheriton.

The Vancouver-born, UBC-educated computer scientist is worth $2.9 billion, thanks to his investments in technology companies, including Google. He has been living in California for many years.

This year, Forbes included a record 1,826 billionaires on its annual list.

According to the magazine, Microsoft cofounder Bill Gates ranks first with a net worth of $79.2 billion. He's followed by Mexican telecom magnate Carlos Slim Helu at $77.1 billion and American investor Warren Buffett at $72.7 billion.

The wealthiest Canadian fortune belongs to David Thomson's family, which oversees the Thomson Reuters empire and the Globe and Mail newspaper. The Thomsons are 25th in the world with a net worth of $25.5 billion.

The second richest Canadian is Galen Weston at $9.6 billion.

One of the more intriguing entries on the list from Canada is Joseph Tsai, who's worth $5.9 billion.

He's a Hong Kong resident and Canadian citizen who was born in Taiwan. He's also vice chairman of China's ecommerce giant Alibaba, which is headed by Jack Ma.

Missing from the Forbes list were local businesspeople Bob Gaglardi, Hassan Khosrowshahi, Caleb and Tom Chan, and the Aquilini and Lalji families, who've all made massive amounts of money in real estate.

Canadian Business has estimated the Aquilinis to be worth $2.8 billion. The publication put the Laljis' net worth at $2.7 billion. Gaglardi was pegged at $2.6 billion. Meanwhile, the Chan brothers and Khosrowshahi were each listed at $1.1 billion.

However in the eyes of Forbes magazine, none of them made the cut for being billionaires.

It goes to show that these types of lists are often guesswork. Only the Canada Revenue Agency knows for sure—and only if these guys haven't stashed any money in offshore tax havens.

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