The Rich 100 by shenreng9qgrg132

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									The Rich 100
Our sixth annual ranking of Canada's wealthiest people. Who's in, who's out, who's hot, who's
By Canadian Business
1. Kenneth Thomson and family: $22.03 billion

It was a very good year for the Thomson Corp. The information company sold its Thomson
Media group to Investcorp for US$350 million and gobbled up at least 10 companies of all types
and sizes. This fall, it announced it was selling $900 million worth of notes to partially fund the
redemption of $1.2 billion worth of debt securities.
2. Galen Weston: $8.67 billion

Low-carb diets dealt a blow to Weston's food empire this summer as consumers avoided
white-flour bakery products; second-quarter earnings took a 27% dive — the biggest in four and
a half years. In September, Weston's supply of Wonder Bread became tenuous as its supplier,
Interstate Bakeries Corp., filed for bankruptcy protection, blaming diet preferences, heavy debt
and high costs.
3. Jeff Skoll: $6.66 billion

The former eBay president founded Los Angeles-based Participant Productions in January, and
he wants to fund four to six "socially relevant, commercially viable" feature films annually. He
expects the cost of these Gandhi-like movies will average US$20 million each.
4. James (J. K.), Arthur and John (Jack) Irving: $4.99 billion

In March, Irving Oil Ltd. was the first Canadian company to be named North American Refiner
of the Year by Texas-based Hart Energy Publishing, a major energy sector publisher. The award
recognizes refiners with exemplary achievements in areas such as producing clean fuels and
dedication to environmental performance.
5. James (Jimmy) Pattison: $4.17 billion

Pattison and his guests had a scare this September when they were evacuated from his 150-foot
luxury yacht after a fire broke out in the engine room. The high-profile guests included former
B.C. premier Glen Clark, Time Inc. CEO Ann Moore and Michael Korenberg, vice-chairman of
the Jim Pattison Group.
6. Paul Desmarais Sr.: $3.94 billion

The 77-year-old Montreal financier snatched up French publisher Groupe Moniteur in March
through his Paris-based private equity firm, Sagard SAS, for US$335 million.
7. Saputo family: $2.78 billion
In August, Lino Saputo, founder of North America's fourth-largest cheese producer, bought an
80% stake in Place Victoria, a downtown landmark and home of the Montréal Exchange, for an
undisclosed price. The one-million-square-foot building is worth approximately $250 million.
8. Bernard (Barry) Sherman: $2.5 billion

The largest Canadian pharmaceutical company claims to have made the largest pharmaceutical
investment in Canadian history: in November, Sherman's Apotex Inc. invested $627 million to
open four new R&D and production facilities in the Toronto area and created 1,500 new
scientific and engineering jobs.
9. David Azrieli: $2.26 billion

The 82-year-old real estate mogul received an honorary doctor of architecture degree from
Carleton University last November, complementing his four other honorary doctorates.
10. Edward (Ted) Rogers Jr.: $2.21 billion

Rogers Wireless made headlines this fall when it purchased Microcell Telecommunications Inc.,
the parent company of Fido, for $1.4 billion. The acquisition makes Rogers the largest wireless
carrier in Canada.
11. Fred and Ron Mannix: $1.91 billion

Set up nearly four years ago to manage the assets of the Mannix family, the Mancal Bank in
Barbados, a private international institution, began catering to high-net-worth individuals and
companies in December.
12. Jean Coutu: $1.89 billion

Coutu's pharmacy company became the fourth-largest North American drugstore chain in August
when it purchased 1,549 Eckerd stores. But so far, the US$2.3-billion acquisition has only
managed to drag first-quarter earnings down by 29%.
13. Charles Bronfman: $1.85 billion

On June 27, Stephen Bronfman, chairman of Claridge SRB Investments Inc. and Charles
Bronfman's son, was married at his 15,000 square-foot Westmount mansion under such tight
security that even the bride's identity was kept from the media until after the ceremony. About
285 guests attended the lavish ceremony.
14. Wallace McCain: $1.69 billion

Maple Leaf Foods Inc. gobbled up Schneider Foods in April for $500 million. The meaty merger
expands the global company to $6 billion in sales and more than 23,000 employees. The McCain
family also forked over $5 million to the National Ballet School in July.
15. Terence (Terry) Matthews: $1.62 billion
Construction started in July on Matthews' Celtic Manor resort in Wales in time for the 2010
Ryder Cup. Having won the bid to host the golf event in 2001, Matthews is spending upward of
$26 million to update the Wentwood Lakes course with underground cabling for wireless
cameras and to build an 85,000-square-foot clubhouse.
16. MIchael Lazaridis: $1.51 billion

See story: Men in motion.
17. Harrison McCain family: $1.48 billion

Harrison McCain, the New Brunswick farm boy who helped turn McCain Foods Ltd. into one of
the world's largest frozen food companies, died in a Boston hospital in March, at the age of 76.
The company reported a 2.5% increase in annual net sales and also announced plans to open a
$43.3-million french fry processing facility in northeast China.
18. James Balsillie: $1.46 billion

See story: Men in motion.
19. Allan Slaight: $1.37 billion

With satellite radio growing by leaps and bounds in the United States, Slaight's Standard
Broadcasting Corp. partnered with CBC/Radio Canada and Sirius Satellite Radio in February to
bring the digital service to Canadians and convince the CRTC of its merits. But with shock jock
Howard Stern in the mix, the group might be permanently off-air.
20. Daryl Katz: $1.32 billion

Business must be hopping for Katz's private drugstore empire. Katz Group Canada Ltd. is
planning on spending between $50 million and $100 million a year building and renovating
stores. The company also handed over $15 million to $20 million to rename Edmonton's hockey
arena Rexall Place, and hopes the nickname "the Drugstore" catches on.
21. Bombardier family: $1.27 billion

Bad things come in threes: first Moody's Investor's Service announced on Nov. 12 that it was
downgrading Bombardier debt to junk status, then its Class B shares hit a decade low of $2.53 on
Nov. 15, and finally a Bombardier regional jet exploded and crashed into a Mongolian lake on
Nov. 21, killing 54 people in China's deadliest aviation disaster since 2002.
22. Carlo Fidani: $1.27 billion

The real estate tycoon and chairman of Orlando Corp. sold off about $245 million of his
company's industrial and office portfolio this year while continuing to collect rent from tenants
in Orlando's sprawling 31-million-square-foot empire.
23. Clay Riddell: $1.25 billion
See story: Crude awakening.
24. RIchardson family: $1.25 billion

The Winnipeg-based Richardson clan, known for making its money in the grain industry,
signalled a return to its roots in the financial services sector last summer when Richardson
Financial Group Ltd. launched a $325-million private equity fund.
25. Stephen Jarislowsky: $1.22 billion

When asked by a reporter what he would do if he suddenly lost all of his money, the star pension
fund manager and corporate governance rabble-rouser replied: "I would start another company
like my own and look for even better guys to work with than I've had. Or else I would marry a
very rich wife..."
26. Eugene Melnyk: $1.19 billion

The CEO of embattled pharma giant Biovail Corp. stepped down in October (he remains
chairman) after handing over the reins to industry veteran Doug Squires. Melnyk, who also owns
the Ottawa Senators, saw shares in his drug firm plummet amid ongoing investigations by U.S.
and Canadian regulators.
27. Murray Edwards: $1.16 billion

The soaring price of crude helped push the Calgary financier and oilpatch magnate's personal net
worth up more than 50% from last year. Meanwhile, the board of Canadian Natural Resources
Ltd. (in which he has large holdings) delayed a decision to approve its massive $10.6-billion
Horizon oilsands project in order to take a closer look at cost overruns.
28. Kruger family: $1.11 billion

A major modernization project by forestry products maker Kruger Inc. and a Quebec industrial
and financial holding company poured $500 million into the Kruger Wayagamack Inc. mill in
Trois-Rivières, Que. The project created 175 new jobs, consolidated 475 existing ones, paid for a
new coated paper machine and modernized two other ones.
29. Leslie Dan: $1.11 billion

Since the sale of Novapharm to Israel-based Teva Pharmaceutical Industries Ltd. in 2000, the
Hungarian-born mogul has kept a fairly low profile while making multimillion-dollar
investments in Viventia Biotech Inc., the cancer research firm he controls with his daughter
Andrea Dan-Hytman.
30. Richard Li: $1.09 billion

The youngest son of Hong Kong billionaire Li Ka-Shing, Richard uncharacteristically left the
limelight to his older brother, Victor, this year. The chairman of Pacific Century CyberWorks
lost 17% of his wealth on the list, mostly due to a decrease in share price.
31. Asper family: $1.09 billion

In February, the owners of CanWest Global Communications — the late Izzy Asper's wife, Ruth,
and children Leonard, David and Gail — formed a voting trust to exercise control over the
multiple voting shares in the company. The future of Izzy's plan for a human-rights museum in
Winnipeg is on the rocks because the federal government refuses to provide funding.
32. Joseph and Ted Burnett: $1.08 billion

The Burnett brothers continued to grow their fortunes through Burnac Corp., a privately held
conglomerate that includes a wholesale fruit and vegetable business, a retail food chain, one of
North America's largest hydroponics vegetable-growing operations and several real estate
33. Michael Lee-Chin: $1.08 billion

See story: Mutual admiration.
34. Michael DeGroote: $1.08 billion

The former transportation tycoon and one-time owner of the CFL's Hamilton Tiger-Cats made
philanthropic history in December 2003 when he donated $105 million to McMaster University's
medical school — the largest single cash gift to a Canadian institution.
35. Marcel Adams: $1.05 billion

Privately held commercial real estate firm Iberville Developments Ltd., run by Adams' son
Sylvan, sold some of its shopping centres in Cornwall and Montreal to RioCan in May in a deal
worth an estimated $100 million.
36. Sobey Family: $1.01 billion

It's not all in the family anymore. Empire Co., the parent company of successful grocery chain
Sobeys, appointed its first ever unrelated chairman in September, as the company reported a 9%
increase in first-quarter revenues.
37. Robert (Bobby) Julien and Delia Moog: $960 million

In October, Kolter Property Co.'s Toronto office portfolio was sold to German investors for $492
million. Kolter, which is owned by Julien and his aunt, Delia, also owns residential properties in
Toronto and Florida, and the PGA village in Florida's Port St. Lucie.
38. Robert Friedland: $948 million

It's been a wild ride for the Calgary mining promoter who saw his personal net wealth skyrocket
250% in last year's Rich 100. Although shares in Friedland's Ivanhoe Mines Ltd. have since
returned to more earthly levels (dropping him 18 spots on the list), his Mongolian copper and
gold project continues to churn out good news.
39. Guy Laliberté: $925 million

The Cirque du Soleil ringmaster celebrated the 20th anniversary of his global empire this year in
a refurbished Montreal airport hangar that reportedly featured an absinthe bar and hot tub. He
recently inked a deal to produce a US$30-million Beatles show in Las Vegas and is also the
proud owner of the $2,605 hot dog he won in an auction for the last wiener sold during the
Montreal Expos' final home game.
40. Reichmann family: $912 million

Property tycoon Paul Reichmann stepped down as CEO of family holding company Reichmann
International in October, passing the torch to his son, Barry. He will stay on as executive
chairman. In June, Paul sold his remaining 38 million shares in Canary Wharf, the grand-scale
office and retail development in London that brought the Reichmanns unwanted attention by
going into bankruptcy protection in 1992.
41. Robert Miller: $907 million

Some millionaires would like to live forever. The secretive founder and president of Future
Electronics is a major benefactor of Alcor Life Extension Foundation, and it's rumoured he will
have his body frozen at death.
42. Saul Feldberg: $898 million

York University bestowed an honorary doctorate on the media-shy founder of Teknion Corp., the
office furniture company that first produced a tilting chair for under $100.
43. Brandt Louie: $878 million

The head of London Drugs (the Vancouver-based eclectic chain that he owns through his late
father's company, H. Y Louie Co. Ltd.) attended the World Economic Forum in Davos,
Switzerland, in January with the likes of Bill Gates, Michael Dell and Steve Forbes. London
Drugs continues to expand, and opened a store in Manitoba in May.
44. Charles Sirois: $860 million

The Quebec telecom entrepreneur stepped down as chairman of Telesystem International
Wireless Inc. in July. The company almost went bankrupt in 2001 but, after a financial
restructuring, emerged as one of Romania's top telecoms. Sirois is also behind Microcell and the
Fido brand, which Rogers Wireless bought in November.
45. Ronald (Ron) Joyce: $798 million

One of the founding fathers of the Tim Hortons chain, he now owns a luxury golf resort and a
chartered jet company. Joyce made headlines in June when his Fox Harb'r resort in Nova Scotia
was fined $180,000 for offshore blasting.
46. Lalji family: $780 million

Larco Investments, owned by the Lalji family, is courting controversy in Vancouver as stores in
its 240,000-square-foot development, dubbed Canada's first "lifestyle" centre, begin to open.
Despite opposition to the $30-million expansion project, city council's hands are tied; the land is
owned by the Squamish Nation, which approved of the centre.
47. Vittorio (Vic) De Zen: $758 million

In October, he was advised by the RCMP that his company, Royal Group Technologies, was part
of an investigation into allegations it deceived or defrauded shareholders regarding money
transferred to a luxury Caribbean resort controlled by De Zen. He denies wrongdoing, but was
removed as chairman in late November over another questionable transaction.
48. Gerald (Gerry) Schwartz and Heather Reisman: $758 million

The power couple continued to focus on work this year. Schwartz's holding company, Onex, is
awash with cash but he won't speculate on new acquisitions. Reisman's pride, Indigo Books &
Music, is suffering quarterly losses and has decided to focus less on books and more on gifts.
49. Marco Muzzo: $742 million

The respected Toronto developer got some unfortunate attention in December 2003 when one of
his buildings, the landmark Uptown Theatre in downtown Toronto, collapsed during demolition,
killing one person and injuring 14 others.
50. Frank Stronach: $723 million

Despite Magna's recently announced plan to privatize its much-hyped spinoffs, Stronach's
empire of auto parts companies is still a highly respected global operation. Now that daughter
Belinda has left Magna for a seat on Parliament Hill, he seems to have forgotten his former
political ambitions.
51. Henry (Hal) Jackman: $715 million

A former lieutenant-governor of Ontario with a family heritage in financial services and income
trusts, he emerged this year as a fierce critic of fallen newspaper tycoon Conrad Black, a
one-time friend. He also spoke out against bank mergers, saying they shouldn't be allowed unless
the Canadian market is open to foreign competition.
52. Samuel family: $710 million

The Canadian Association of Family Enterprise and the Canadian Institute of Chartered
Accountants named 149-year old Samuel, Son & Co. the Family Enterprise of the Year. The
family's publicly traded business, Samuel Manu-Tech Inc., is currently experiencing record
quarters. On the downside, insolvent Stelco is one of its major customers and suppliers. There
could be tough times ahead.
53. Victor Li: $701 million

Once touted as Air Canada's saviour, Li pulled Trinity Time Investments Inc. out of a
$650-million bailout investment in April. The older son of billionaire Li Ka-shing blamed the
54. Lawrence Tanenbaum: $660 million

As part-owner of Maple Leaf Sports & Entertainment Ltd., he was in talks with the Toronto
Argonauts earlier this year to jointly acquire Varsity Stadium at the University of Toronto. The
deal fell through.
55. Seymour Schulich: $651 million

See story: The benefactor.
56. Alfredo (Fred) DeGasperis: $645 million

The son of the "king of the subdivision" got into a fight with the tony Rosedale Golf Club in
Toronto's secluded Hogg's Hollow, over a 900-square-foot balcony on his property. Freddy
DeGasperis Jr. runs Aspen Ridge Homes Ltd., part of his father's construction empire.
57. J. R. Shaw: $635 million

J. R. Shaw's cable TV giant, now run by his son Jim, jumped on the voice-over-Internet protocol
(VoIP) bandwagon this year, announcing plans to team up with rival Bell Canada to offer its
Digital Phone service to subscribers by next year.
58. Chan family: $615 million

Tom and Caleb Chan, the famously private brothers and philanthropists, with extensive golf
course and real estate holdings in the Vancouver-Whistler area, scored a major coup recently
when it was announced the Telus Skins Game would be returning to their prestigious Nicklaus
North course next year.
59. Stephen and Mitchell Goldhar: $608 million

The Goldhar brothers sold nearly three dozen of their First Pro shopping centres to Calloway
Real Estate Investment Trust this year, and their company was the landlord of choice for big-box
chain Wal-Mart Canada Corp. That's good news for Mitchell, who also has part ownership of the
60. Ronald (Ron) Southern: $595 million

The corporate cowboy and chairman of Calgary-based power and engineering giant ATCO Ltd.
lost his battle with city council over a planned housing development to be built next door to his
family's sprawling 300-acre equestrian park in the foothills of the Canadian Rockies.
61. Dave and Cliff Lede: $568 million
Cliff, director and former president of family-owned construction conglomerate Ledcor Group of
Cos., ramped up operations at his two vineyards in California's Napa Valley. With plans to open
a luxury bed and breakfast nearby, let's hope Poetry, his winery's limited-release US$89-a-bottle
flagship Cabernet Sauvignon, is a big seller.
62. Peter Nygård: $552 million

The Finnish-born fashion magnate was ordered to pay over $1 million in legal costs racked up by
his son's mother in a nasty child support battle. He also had his family's first home in Canada —
a dilapidated coal shed in Deloraine, Man. — transported to Winnipeg where it will become the
centrepiece of a fashion museum.
63. Aldo Bensadoun: $543 million

On the heels of the success of Bensadoun's flagship Aldo shoe stores in the United States,
Europe and Asia, the Montreal-based retailer announced plans to expand its cheaper Transit shoe
banner internationally.
64. Hassan Khosrowshahi: $540 million

After selling his big-box electronics chain, Future Shop, to rival Best Buy in 2001,
Khosrowshahi has focused on investments in the pharmaceutical, retail and real estate industries.
The Iranian-born millionaire, who lives in a tony Vancouver suburb with his wife, Nezhat, was
reportedly B.C. Premier Gordon Campbell's most generous patron in 2003.
65. Greenberg Family: $536 million

The Greenbergs made headlines of a different kind last year when a copy of Maher Arar's 1997
lease agreement with the family's Ottawa-based Minto Developments Inc., was allegedly used by
the FBI to connect the Syrian-born Canadian with an al-Qaida operative. Minto president Roger
Greenberg denied any involvement.
66. Jodrey family: $514 million

With stakes in everything from seafood to nursing homes to pulp and paper, the Jodrey empire
also has a 25% interest in Nova Scotia's provincially funded gas distribution project, Heritage
Gas Ltd.
67. Lee Ka Lau: $511 million

After his quiet departure from ATI Technologies Inc. in 2000, Lau helped launch Dr. Robot, a
Markham, Ont.-based company that recently introduced the HR6 — a walking, talking and
dancing humanoid robot that also tells jokes, checks mail and fetches things.
68. Molson family: $498 million

The proposed merger between Montreal brewing dynasty Molson Inc. and Colorado-based beer
maker Adolph Coors Co. left a bitter aftertaste for some Molson shareholders, prompting some
stock analysts to speculate the deal could fizzle out. Meanwhile, dissident cousin Ian (a former
Molson deputy chairman) pondered a hostile bid with a rival investor group.
69. Koschitzky family: $495 million

The North American construction boom kept the IKO Group, the family-owned roofing supply
business, very busy in 2004. The payoff: the Koschitzky clan increased its net worth 32% since
last year.
70. Robert Beamish: $493 million

The chairman helped turn Mississauga, Ont.-based Woodbridge Group into a billion-dollar
company that develops and produces foam products for the automobile industry. He kept a low
profile this year.
71. Pierre Karl and Érik Péladeau: $480 million

Media wonder boy Pierre Karl assumed the helm at the printing division of his family's
Montreal-based Quebecor Inc. And in a bid to increase its foothold in the English-language
television market, Quebecor snapped up the ailing Toronto 1 station from Craig Media Inc. in
72. Bill Comrie: $479 million

Comrie, founder of the Brick Warehouse Corp., has become one of Canada's largest
furniture-store magnates. Comrie earned more than $270 million this year after converting his
chain of more than 160 discount outlets into an income trust. Brick employees shared more than
$40 million in bonuses from the offering.
73. Belkin family: $475 million

Stuart Belkin saw sweet profits this year from his family's stake in the Rogers Sugar Income
Fund. The Vancouver-based family also continued to manage investments in real estate and pulp
and paper through its privately owned conglomerate, Belkorp Industries Inc.
74. Lawrence Stroll: $472 million

Stroll was spotted vacationing with former Gucci designer Tom Ford on the Caribbean island of
Mustique last December, prompting one local to speculate on the hatch of the "next big fashion
label...right here on this tiny island." But for now, Stroll will keep his day job as co-chairman of
upscale New York fashion label Michael Kors.
75. Rudolph (Rudy) Bratty: $465 million

In June, Markham, Ont. celebrated the groundbreaking of the $18-million Rudy Bratty Centre
Markham Family YMCA, set to open in a year. Bratty, head of his family's property
development company, Remington Group, was a major donor.
76. Bob Gaglardi: $460 million

There will be no preferential seating for the real estate mogul at Canucks hockey games, after all.
In September, it looked like Gaglardi's son, Tom, would be part of a successful $250-million bid
for the Vancouver NHL team. But the deal collapsed, clearing the way for local businessman
Francesco Aquilini to buy 50% of the Canucks in November.
77. Michael Potter: $423 million

Potter thrilled more than 1,500 people at the Brockville Flying Club's semi-annual fly-in
breakfast when he flew by in his 1945 Spitfire, bringing the plane low for the crowd to gawk.
The founder of software vendor Cognos Inc. owns two vintage planes and a yacht.
78. Leon family: $421 million

In November, the family mourned the death of matriarch Marjorie Leon, who was credited with
introducing computers to the 96-year-old furniture and appliance conglomerate. Her Lebanese
immigrant father started out as a door-to-door clothing salesman. The family-owned company
now has sales of some $450 million a year and continues to expand.
79. Bernard, Laurent and Alain Lemaire: $421 million

Despite some tough times, the executive brothers of Quebec paper and cardboard maker
Cascades Inc. stayed almost static on the list. The company, which bought out package maker
Dopaco, posted losses early in the year but reported a sevenfold increase in third-quarter profits.
But it looks like another bumpy year ahead: CEO Alain warned a strengthened Canadian dollar
could hurt profits.
80. Robert Gratton: $410 million

The CEO of Power Financial Corp. raked in a tidy $170 million when he exercised stock options
early in the year. His gain was one of the largest windfalls from stock options in Canadian
81. André Chagnon: $407 million

The founder and former head of cable company Vidéotron now heads up Canada's largest
foundation, which helps children. He was the largest claimant of 86 investors who filed a lawsuit
in February over US$570 million in losses by a U.S. hedge fund group. Chagnon had $100
million invested with the fund.
82. Gail Regan, Rosemary Phelan and Holiday Phelan-Johnson: $400 million

Shareholders of Cara Operations Ltd., the Phelan family empire founded in 1883, voted in
February to allow sisters Gail Regan and Rosemary Phelan, and their niece, Holiday
Phelan-Johnson, to take the $1.1-billion company private.
83. De Gaspé Beaubien family: $400 million
After selling off most of its Telemedia Corp. media assets in the past few years, the family
mostly stayed out of the limelight in 2004, save for the many mentions in the Montreal Gazette's
Social Notes column. In January, the family's investment firm bought floundering chartered
aircraft company Starlink Aviation.
84. Allan Thorlakson: $399 million

His forestry company, Tolko Industries, won a hostile takeover bid for Riverside Forest
Products. Rival firm Interfor was also in the running. The bid for Riverside was worth $377
million, and Thorlakson assumed CEO duties on Nov. 1.
85. Rémi Marcoux: $398 million

The founder of Quebec-based printer and publisher Transcontinental Inc. resigned his post as
CEO in March, almost three decades after he started the company. Marcoux said
Transcontinental will retain its dual-class share structure, which gives his family 62% of the
votes with only 15% of the equity in the $2-billion company.
86. John Risley: $396 million

As chairman, Risley remains involved in the day-to-day operations of Clearwater Seafoods LP,
the processed-fish company he founded in 1976. He is on a number of boards, including FPI
Ltd., of which Clearwater is a major shareholder, owning 14.9%.
87. Peter Grant Sr.: $381 million

Grant is more than $100 million richer this year, thanks to privately held Grant Forest Product's
major holding, Ainsworth Lumber Co. Its superstar stock shot up 318% over a recent 12-month
period. But watch out, Peter: the darling is already starting to slide.
88. Granovsky family: $378 million

The family money-maker, Atlantic Packaging Products Ltd., is leading a clean energy project to
create steam from paper mill residual biosolids and, hopefully, to reduce natural gas
consumption. It is one of 10 projects Sustainable Development Technology Canada is funding
with a combined total of $20.2 million.
89. Stewart Blusson: $374 million

The diamond prospector managed to avoid publicity for two years before the media discovered
he had donated $30 million worth of shares in Archon Minerals Ltd. to the Sea to Sky University
in Squamish, B.C., Canada's first private secular non-profit university. He is best known for his
$50-million contribution to UBC in 1998.
90. Isadore Sharp: $366 million

Sharp kept rein over his lodging kingdom in May when 94% of shareholders voted down a
motion to do away with the dual-share structure that gives him control over Four Seasons Hotel
and Resorts Inc., even though he owns only 12% of the stock.
91. John Bragg: $362 million

In the Maritime turf war between Bragg's three-year-old EastLink Telephone and BCE's Aliant
Inc., EastLink won. In April, the CRTC admonished Aliant for selling local phone service in a
bundled package in areas of Nova Scotia and P.E.I. that could decrease the service price and
reduce local competition.
92. Randall Moffat: $358 million

The former president of Moffat Communications and one-time co-owner of the Winnipeg Jets
predicted in January that unless NHL players are willing to take a significant pay cut, no
mid-size city will ever be able to afford a pro hockey team. With this year's season becoming
more unsalvageable, cities of all sizes are learning what it feels like.
93. Albert Latner: $358 million

The real estate family made a killing on the merger of Canadian Apartment Properties Real
Estate Investment Trust and Residential Equities Real Estate Investment Trust (ResREIT) in
June. ResREIT shares owned by the family and Latner's companies combined brought in about
$24 million.
94. Richard Currie: $351 million

In February, the McGill University faculty of management's 24th annual Management
Achievement Award honoured Currie, former president of George Weston Ltd., for his business
leadership and contributions to the community.
95. Dr. John Mull: $351 million

In February, Mull became president and CEO of two companies, CML Healthcare Income Fund
and Cipher Pharmaceuticals Inc., when CML Healthcare Inc. split its laboratory testing and
medical imaging business from its R&D department. He made almost $247 million by selling 33
million fund units he received in the deal.
96. Gururaj (Desh) Deshpande: $346 million

Sycamore Networks Inc., founded by Deshpande in 1998, was one of seven companies to win a
contract from the U.S. Defense Department in January as part of a US$850-million plan to turn
its communications system into a worldwide high-speed network. Combined, the seven
companies won US$260 million worth of contracts.
97. Libfeld family: $346 million

The Libfelds, who operate Toronto's largest house and condo developers, might want to keep an
eye on the condo market. A November RBC report says there is a diminishing pool of potential
first-time buyers in Toronto. That means weaker demand, greater supply and price declines, or
buyer incentives in the future.
98. Alain Bouchard: $342 million

A new member to the list, the CEO of Alimentation Couche-Tard started off in the convenience
store business as a teenager, stocking shelves at a local depanneur. Still in his 20s, he bought two
stores and started his own chain. With the October 2003 purchase of U.S.-based Circle K for
$1.1 billion, Bouchard now controls North Americas fourth-largest c-store chain, with annual
sales of $5.9 billion.
99. Charles (Chuck) Fipke: $342 million

Fipke, who was the first to discover diamonds in Canada's north in 1991, continues to earn an
impressive amount from his 10% stake in the Ekati mine, which supplies 6% of the world's
100. Keanu Reeves: $336 million

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