A list of Canada’s richest people was released yesterday by Maclean’s in partnership with Canadian Business, and a Calgary-born businessman just cracked the top 20.
Ranked as the 20th richest Canadian, Garrett Camp has a jaw-dropping $7.02 billion and is one of the billionaires who has “disrupted industries.”
According to the Rich List, the bulk of Canada’s money has always been contained within the few at the top. However, that money is no longer held just by hedge fund managers and real estate moguls, but also e-commerce giants, crypto cowboys, and tech wizards. That’s exactly where Camp comes into this list.
The people on this list own grocery stores, hotels, restaurants and wineries. You may not have heard all their names, but they’re definitely part of your lives.
Meet Canada’s richest people. https://t.co/4MteFxawLO pic.twitter.com/KZczsXsTXn
— Maclean’s Magazine (@macleans) November 7, 2024
Camp co-founded the global car-ride app Uber back in 2009 and forever revolutionized the taxi and delivery industries. While Camp may not be one of the most widely recognized names on the list, he has undoubtedly had a profound impact on lives across the world.
Camp stepped down from the Uber board in 2020 but still holds 4% of its outstanding shares. He also runs a charitable foundation, Camp.org, which has developed free software to help recognize deepfakes and a platform to help non-profit organizations raise money.
However, this businessman didn’t just become uber-wealthy through Uber.
Alongside transforming the ride-share industry, Camp also founded venture capital firm Expa. Through this, he has assembled a portfolio of companies, including online prenuptial service First, and Aero, the business helping regular folks fly on private jets.
Maclean’s compiled its Rich List to “take a fresh look at the uber-wealthy in this country,” and it sure is eye-opening. According to the report, a billionaire will earn a typical Canadian’s yearly salary by January 2.
Leading the list of the richest Canadians was the Thomson family, who hold a whopping $98.15 billion. The Thomson family amassed their wealth after turning one newspaper into a publishing empire.
Following the Thomson family’s wealth is cryptocurrency king Changpeng Zhao with $61.02 billion, and then Loblaw president Galen Weston Jr. with $18.05 billion.