The list of richest men in Calgary teaches us that the main way to become very rich is to have a family that has a prominent and excellent business. The following list helps to show the most prestigious families in Calgary that have contributed positively to the economy.
The list of the richest people in Calgary, Alberta includes Daryl Katz, Fred and Ron Mannix, Estate of Ronald Southern, N Murray Edwards, Jin Riddell, David Werklund, Brad Shaw, Ghermezian brothers, Ron Joyce and David Cheriton.
Top 10 Richest Men in Calgary, Alberta 2023
1. Daryl Katz – $4.36 billion
Daryl Katz is proudly one of the richest men in Calgary. His father was a renowned pharmacist and also attended the University of Alberta before venturing into pharmacy himself. In 1991, Daryl was able to amass his wealth by buying the Canadian rights, the Medicine Shoppe. From 1991 to 2016, he developed his business into a broadly diversified company known as the Katz Group of Companies, which was also involved in other businesses such as pharmacies, leisure centers, and property management.
2. Fred and Ron Mannix – $3.3 billion
Mannix’s family has been heavily involved in establishing the business world in Canada. They initially gained a foothold in 1898 when their great-grandfather bought a few horses and got a contract to work on the Canadian Pacific Railway. Since that first contract, the Mannix family has been fully involved in several major projects, such as the construction of Montreal’s subway systems and much more.
An estimate of the Mannix FS’s net worth is approximately $4.3 billion. A fascinating thing about the Mannix brothers is that even though they are among the wealthiest families in Canada, both Fred and Ron lead private lives. They both live so privately that you hardly get any information about them, even if you search them on Google. Still, both Ron and Fred went to the University of Alberta, and they are actively involved in advancing human welfare.
3. Ronald Southern estate – $2.3 billion
Although he is now dead, Ronald Southern was one of the wealthiest men in Calgary, Alberta. He was one of the most prominent businessmen and was popularly known for being devoted to culture, no matter how wealthy and established he was. Ron Southern’s family’s net worth is estimated at approximately $2.3 billion.
He initially wanted to become a doctor because he was attending the University of Alberta; however, he shifted his university tuition to pursue business. Ronald first got a foothold by starting out renting out mobile trailers to construction companies. Over time, he discovered that there was an urgent need for robust and strong trailers that could withstand Canada’s harsh weather conditions, which led to the formation of the Alberta Trailer Company.
4. Murray Edwards – $2.18 billion
A perfect example of a success story achieved through someone’s success is that of N. Murray Edwards. He did not come from a wealthy background unlike the other prominent men in Canada. His grandparents were farmers and blacksmiths, while both his parents were teachers and accountants. For Edward, he used most of his summer vacation to work as a hockey referee in an effort to earn money for himself.
Fast forward to his game as a prominent businessman, he started by digging a well which eventually came out dry. He then focused on building his personal business in the energy industry and investing in other thriving energy companies.
5. Jin Riddell – $1.62 billion
Clay Riddell passed away in 2018. However, he was also one of the richest men in Canada. Clay Riddell had a common background. His father was a postman before deciding to invent his own oil company. Clay founded Paramount Resources in 1974, which is now one of the largest oil drilling companies in the country. As time went on, he founded ten other different companies with Paramount resources, and he still holds shares in almost all of them. However, Clay Riddell passed his fortune and businesses on to his children.
Currently, Jim Riddell, his son, is the chief executive officer of Trilogy Energy, while his daughter Sue Riddell manages and manages Perpetual Energy. Each of his children now successfully oversees their father’s businesses. An estimate of the Riddell family’s net worth is approximately $1.62 billion.
6. David Werklund – $1.43 billion
David Werklund was introduced to the farm in his early days before joining an oil company as a product manager, and today he is an oil magnate. In 1979, he founded his first oil company, Concord Well Servicing. Over time, his company developed into one of the largest well service companies in Canada.
7. Brad Shaw – $1.2 billion
Shaw Communications began life as Capital Cable Television Company, founded by JR Shaw in 1966. His company provides cable telecommunications. JR Shaw built the company to about 10,000 employees; in 2020 more than $4 billion in revenue has been booked.
8. Ghermezian Brothers – $650 million
The Ghermezian family’s net worth is estimated at around $650 million. While their net worth was much higher than that and used to be around $2.43 billion, their net worth dropped abruptly to $650 million due to some issues that stemmed from Covid with the securities they held on real estate.
We have developed many of the world’s largest shopping centers today through the company of the four Ghermezian brothers. However, their pioneering family business was the production of rugs before they shifted their focus to setting up a business dealing with property management.
9. David Cheriton – $4.2 billion
David Cheriton is a great billionaire in Canada who was able to become successful by cleverly combining his investment intelligence with his ability to use the computer effectively. David Cheriton co-founded Arista with one or more others and is one of the pioneer investors in Google.
If you look at the list of the richest men in Calgary, Alberta, you will discover that most of them have been able to set the pace in their various business environments.
Daryl Katz, Fred and Ron Mannix, Estate of Ronald Southern, N Murray Edwards, Jin Riddell, David Werklund, Brad Shaw, the Ghermezian brothers, Ron Joyce and David Cheriton have all proven their worth over the years.