THE RICH LIST

THE 40 WEALTHIEST CANADIANS– AND HOW THEY MADE THEIR MONEY

- RESEARCH BY SANDY YONG WRITTEN BY ALEX CYR, CLAIRE SIBONNEY, CHARLIE WAGNER-CHAZALON AND CAITLIN WALSH MILLER

FOR YEARS, THE THOMSON family has ranked number one on lists like these, with billions in holdings through Thomson Reuters and other investments. But big tech, crypto and other new industries are transforming everything in our society—including our annual list of richest Canadians, produced in partnership with our sister publication Canadian Business. Changpeng Zhao, who founded Binance, the world's largest cryptocurrency exchange, sits at the top this year, thanks to the meteoric rise in value of BNB, the crypto coin used on his exchange. But his spot is precarious: anything can happen in the wacky world of crypto, and the Thomsons still have a massive net worth, valued at an estimated $90.2 billion. Other new names this year include Ling Tang, a pre-IPO investor in the mobile technology company AppLovin, whose shares had a formidable run this year, and Stuart Hoegner, an accountant and lawyer who served as general counsel for Tether, another crypto giant. And while the value of crypto and tech stocks bob up and down, one thing is certain: the rich keep getting richer. The combined net worth of the 10 wealthiest people on our list is $310 billion, a nearly 20 per cent increase over last year.

WHERE THE NUMBERS COME FROM