The number of billionaires in Canada has reached a combined wealth of US$100 billion.
According to the latest Billionaire Census from research institute Wealth-X, Canada added seven billionaires in 2020, bringing the country’s total to 53, all of whom have helped push Canada up the ranks of billionaire counties. In fact, Canada now has the 13th most billionaires in the world, up from 14th place last year.
The 2021 report analyzes data from the previous year about the world’s leading billionaire countries, including which of them have the wealthiest residents and how much money they have combined.
Coming in first place is the U.S., with a whopping 927 billionaires and a staggering $3,709 billion in combined wealth.
Four out of the five richest billionaires in the world are Americans with 124 of them calling New York City their home.
China lands in second place with 410 billionaires, Germany in third place with 174, Russia in fourth place with 120, and the U.K. in fifth place with 119.
Canada’s richest billionaire is Sherry Brydson, the largest shareholder in investment firm Woodbridge, which controls Thomson Reuters. Brydson is ranked 152nd in the world as of Sept. 22.