As one of the world’s economic powers, Canada has become one of the most fertile grounds for doing business and making money. As an international business center that has attracted so many business people from all over the world, it would be fundamentally wrong in Canada for Canada not to strive for equal representation of all genders in the business world.
At the same time, the Canadian government recently announced that it was starting a $10 million fund to help even more female entrepreneurs set up their businesses. With such an initiative, we are about to see a list of Canadian women break the billion dollar mark.
The top 10 richest women in Canada represent entrepreneurship, entertainment, fashion and much more. These women serve as inspiration to women around the world, as proof that women too can earn, control and invest money on a scale that rivals men. These are the richest Canadian women.
Top 10 Richest Women in Canada
1. Sherry Brydson
Company: Thomson Reuters Corp.
Net worth: $13. billion
Sherry Brydson is one of Canada’s richest and most powerful women. This woman is also a self-made billionaire. She is one of the board members of the Thomson Reuters empire and she controls the investment company Woodbridge. Her company employs more than 45,000 people worldwide. Sherry Brydson also controls other companies, including Viking Air and Vista Radio.
Net Worth: $2 billion
Phyllis Lambert is a Canadian billionaire heiress and businesswoman. Born in Montreal in 1927 to Samuel and Saidye Bronfman, Phyllis is a member of the Seagram empire. Her brother is the famous billionaire Charles Bronfman. Phyllis Lambert is also a humanitarian; she has won several awards for her business acumen and philanthropy.
She is an architect in addition to her interest in the Seagram empire, so her business includes liquor, oil and gas, real estate, and chemicals. Although a Canadian national, she spends much of her time in Paris at her art and sculpture studio. She is proof that women can have different ventures and be successful in all of them.
3. Mirella Saputo
Company: Saputo, Inc.
Net Worth: $5 billion
Mirella Saputo is the wife of Lino Saputo, head of the Saputo family, who owns the massive cheesemaking company Saputo, Inc. The company has annual sales of more than $11 billion and net income of $731 million. The company employs more than 12,000 people. Part of a $5 billion fortune, Mirella Saputo is known as a philanthropist.
4. Heather Reisman
Company: Indigo Books
Net Worth: CAD $2.93 billion
Heather Reisman is a billionaire businesswoman and philanthropist. Born in Montreal, she attended McGill University where she studied social work. She’s been in the e-publishing business for a long time; she founded the ebook store Kobo, although she no longer owns the company. Today, however, she is the owner of Indigo Books, the largest ebook dealer in Canada and one of the largest ebook custodians in the world.
5. Susan Niczowski
Company: Summer Fresh
Net Worth: $2.9 billion
Susan Niczowski was born in Toronto to a family of Macedonian descent. She is a microbiologist and billionaire business owner. She attended the University of Toronto, where she received her degree in Mathematics and Chemistry. Her first job in microbiology was at Shopsy’s food, a meat factory.
She then started her own business and used her microbiology skills to develop packaging that would keep vegetables and perishables fresh inside the package, creating her company Summer Fresh, which deals with food that is sold fresh and can be eaten on the go . . The company now brings in nearly $100 million a year and was recently renamed Summer Fresh Salads, Inc.
6. Rita Bronfman
Net Worth: $2.1 billion
Another member of the Brofman family makes the list; her name is Rita Bronfman. She is reportedly worth around $2.1 billion and has a serious stake in the Seagram Empire. Rita and her husband Charles are both American and Canadian nationals and are serious business people.
Rita and Charles, because of their co-ownership of Seagram, a liquor and beverage company, the two can be said to be in the liquor and beverage business. They are also major charitable donors; they make large charitable donations in Canada, the US and Israel.
7. Celine Dion
Company: Feelings, Inc.
Net Worth: CAD $800 million
Celine Dion is a world famous singer and producer. Born in Quebec, Canada, she is fluent in French and English and is one of the biggest music stars of this generation.
Celine Dion has been a major player in the music business since the 1980s. she has so many hit songs to her credit, but what she will probably be remembered for most is her ballad in the iconic movie Titanic. She didn’t stop there; Celine Dion is also a business woman. She and her late husband, René, founded Feeling, Inc. op, a music company based in Quebec. She is also the owner of Le Mirage Golf Club.
8. Mandy Rennehan
Net Worth: $650 million
Mandy Rennehan was born in Nova Scotia and her father was a lobster fisherman. Even though she and her family often faced poverty as it was a herculean task to feed six children on a fisherman’s wages, Mandy learned something from the experience she grew up in the seasonal fishing industry. That something has helped Freshco grow into a grocery and supermarket chain with 98 stores across its empire.
Mandy built this empire from scratch, store by store, and today is one of Canada’s most powerful and wealthiest women.
9. Shania Twain
Company: Singer songwriter
Net Worth: $400 million
Eileen Regina Edwards, better known by her stage name Shania Twain, is an acclaimed singer who has sold over 100 million records and racked up a huge fortune. Of course, she too struggled before finding fame and fortune. It took her some time to get her foot in the door. She signed with a major record label when she was young, but her first album was not a financial success.
But in 1995 she teamed up with producer Mutt Lange for a second album – an album that would prove to be her breakthrough. To date, she has released four studio albums, the third of which is the best-selling album by a female artist ever.
10. Coco Rocha
Net Worth: $185 million
Speaking of women, it would be incredible if we didn’t have a name from the fashion industry. Coco Rocha is that name. She is one of the most stunning discoveries in fashion in recent years. Coco Rocha first found success after appearing on the cover of Vogue Italia in 2006. She then founded designer Christian Lacroix’s Paris show.
She is also a model; she has worked with designers like Jean Paul Gaultier, Flare, and Harper’s Bazaar, to name a few. She has done marketing gigs for Coca-Cola, done a reality series, and even done health-related modeling. Coco Rocha is the real thing.
11. Kim Cattrall
Net Worth: $75 million
Kim Cattrall is a Canadian movie goddess best known for her role in Sex and the City. Kim Cattrall was actually born in the UK, but her family moved to Vancouver Island when she was a baby. She later moved to America as a teenager to pursue a career in Hollywood.
Cattrall found minor success in the film industry in the late 1970s, but flourished in the 1980s. she sealed her status as a screen icon with her role in Star Trek VI as Lieutenant Valeris, and her place as a Hollywood celebrity with her performance in Sex and the City.
She has made a truckload of cash and received numerous awards, including a Golden Globe.
12. Nelly Furtado
Company: Singer songwriter
Net Worth: $35 million
Nelly Furtado was born in Nova Scotia, making her a Canadian by birth, but this aspiring musician has become an international citizen; a multi-platinum selling artist and a celebrity of the highest order in her own right. She is certainly one of the greatest singer-songwriters of the 2000s and has earned her place in popular culture and history.
Nelly Furtado was born to Portuguese parents and quickly discovered her passion for music. Thanks to her incredible voice, she quickly went from being a backup singer for a hip-hop group to a top-selling music star.
The richest women in Canada would make women proud; they are skilled and industrious women who have excelled in their various sectors in life. Because of their success, these women serve as an inspiration to women everywhere; while some of them are second or third generation entrepreneurs, some of these women have built their empires from scratch.