The net worth of 33 Canadian billionaires is $112.4b with David Thompson identified as the richest individual in the country with a fortune worth $23.8b. In 2016, Canada had 4,110 UHNWIs, up from 3,570 in 2015. Knight Frank defines these people as having a net worth of US$30 million or more. “Two factors can cause the population of the super-rich to grow so quickly: Increases in local households’ wealth, and wealthy immigrants,” the report added. Toronto tied for fourth place among cities with the fastest-growing super-rich population.

Source: bd News24 March 04, 2017 20:59 UTC