Thursday, October 06, 2011

Canadian Business Magazine pens article it hopes will save the rich from the pitchforks

See, we're poor too!!

For once it wasn’t a case of the rich getting richer.

According to the latest edition of Canadian Business magazine, many of Canada’s wealthiest people have actually seen their fortunes shrink in the past year.

But none of the leading names on the Top 100 list is exactly claiming poverty either, including the perennial top finisher, Toronto’s Thomson family whose wealth shrank an estimated 8.7 per cent from 2010.

Canadian Business estimates the Thomson family fortune currently stands at $21.34 billion, down more than $2 billion from last year.

Also a little worse off this year is No. 2 on the list, supermarket magnate Galen Weston with an estimated worth of $8 billion, down 5.8 per cent, and the Rogers family of cable TV and cellphone fame. It came in No. 4 with a fortune that was down 1.3 per cent at $5.94 billion.

Doing a little better year-over year was the Irving family of Saint John, N.B., up 4.5 per cent at 7.8 billion and No. 3 on the list, and Vancouver’s Jim Pattison, No. 5 at $5.73 billion, up 3.7 per cent.

All of those in the top five maintained the same rankings they enjoyed in 2010.

Read more here.

No comments: