Monday, March 06, 2017

Canada's Super-rich

Canada  has seen the fastest increase in its super-rich population of any major country in the world, a new study has found. Vancouver is adding super-rich residents at the fastest pace of any major city worldwide.

Canada saw a 15 per cent spike in the number of ‘ultra high net worth individuals’ (UHNWIs) nationwide between 2015 and 2016, the report found, according to the local media.

 Canada stands at no.10 with 33 billionaires with its next door neighbour the USA is far ahead at no. 1 with 540 billionaires. China is at no. 2 with 251 while India is at no. 4 with 84 billionaires.

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.

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