According to a Globe and Mail investigation titled The Hermit Kings, the main family players are three brothers, Aminmohamed (often called Amin), Mansoor and Shiraz. The business encompasses retail brands in the grocery and drug store chain sectors such as IGA supermarkets and London Drugs. Bob Gaglardi is a real-estate tycoon and businessman. Invest with this $0 fee online broker pioneer! 2023 Jim Pattisons story just goes to show you how far sales skills, good work ethic, and believing in yourself can take you. Northland Properties Corporation is widely known in Canada as one of the most trusted names in hotels, sports, restaurants and construction. Tom received a Bachelor of Arts in Architecture from UC Berkeley, and two honorary degrees: a Doctor of Laws from the Southwestern Adventist University and a Doctor of Letters from the University of British Columbia. Amin Lalji The Larco Group of Companies Lives Vancouver Worth $884 million Until recently, few people outside of Aminmohamed Lalji's inner circle knew he even had a first name. Jimmy Pattison is a billionaire nearly eight times over. U. Gary Charlwood is a businessman and philanthropist, a known authority on franchising and entrepreneurship. Caleb received a bachelors degree in Business Administration from UC Berkeley, and an MBA from the University of San Francisco. Dennis "Chip" Wilson family: Lululemon Athletica, Kit & Ace; net worth: $2.9 billion; 6. Just ask the descendants of K.C. It is behind brands such as Sandman Hotel Group, Moxies Grill & Bar, The Sutton Place Hotels, Northland Asset Management Company, Chop Steakhouse & Bar and Dennys Restaurants. This does not affect the objectivity of the products we recommend or the ratings assigned to them. He also sold half of his 27 per cent stake in the company for $845 million. Net worth: $5.27. Their Larco Group of Companies owns the Fairmont Hotel Vancouver, the Park Royal Shopping Centre in West Vancouver and several federal government buildings, among others. Caleb and Tom Chan are businessmen and philanthropists who have fortunes primarily linked to real estate. Name. Louies company owns and runs the Richmond-based London Drugs chain, which grew to 78 stores in 2014 with a reach as far east as Winnipeg. Belkin family: Belkorp Group; net worth: $0.9 billion. The Aquilini family are businesspeople, investors and philanthropists who have a fortune that is primarily linked to agriculture and real estate. Irving, who started Irving Oil in 1924, when he was 25. He eventually got into building large homes, apartments, and high-rises. Reisman founded Paradigm Consulting in 1979 and Indigo Books & Music in 1996. Gary Charlwood set his fortune in motion when he acquired the Canadian rights to Century 21. Sometimes dubbed the Canadian Warren Buffett, he is the head of an empire that operates in some 85 countries spanning an array of industries such as supermarkets, lumber, fisheries, disposable packaging, theme parks, auto dealers and more. Brandt Louie family: Georgia Main Food Group (formerly H.Y. As of 2018, Laljii reportedly has an estimated net worth of over $1 million. In short, Jims most defining trait was his ability to sell. Dennis Chip Wilson family: Lululemon Athletica, Kit & Ace; net worth: $2.9 billion; 6. The Iranian-Canadian leads a company with interests in a number of sectors, including pharmaceutical royalties, entertainment royalties, real estate development, shopping centres and retail. Meanwhile, the total wealth of those in the lowest quintile increased by only $6,900, on average. Disclaimer: The content on Wealthawesome.com is intended for informational and educational purposes only. He grew his fortune by investing in small retail businesses. Salim N Ismail, age 60, Lilburn, GA . Get up to $2,000 cashback + $50 signup bonus. According to Forbes, he has an estimated net worth of USD $ 1.8 billion (CAD $ 2.18 billion). After his death, his other sons and sons-in-law took over and eventually branched into aerospace, public transport and financial services. In April 2021, the Canadian Centre for Policy Alternatives released a report stating that Canadas richest only got richer since the Covid-19 pandemic started. And JamesPattison, an individual owner ofseveral groups and companies,ranked first in the province,worth $7.39 billion.Pattison's holdings includeOverwaitea supermarkets,Ocean Brands seafood, and theJim Pattison Broadcast Group.Also in B.C.'s top five . He owns a lot of medical patents in the US as well, which have widespread commercial applications. The Slaight Family Foundation has committed to donate $12 million over five years to non-profit organizations working with Indigenous people. Some of Canada's wealthiest 0.1 percent are Ismailis, including Vancouver's Lalji family, owners of the privately held Larco Investments, which includes West Vancouver's Park Royal Mall in its. Jim Pattison has an interesting story, and he has an incredibly inspiring story. 25 years later, he was selling more cars than anyone else in Western Canada. According to Forbes, he has an estimated net worth of USD $ 1.8 billion (CAD $ 2.18 billion). Are you going to make sure the community is heard.. He was born in Germany, attended college in England, and then emigrated to Canada to start working for Western Airlines. As of September 2020, at age 91, he still actively researches potential new investment opportunities. Comments may take up to an hour for moderation before appearing on the site. Use the HARDBACON promo code to get $20 when you open a free KOHO account and make a purchase. Khosrowshahi has had the title of director at the Bank of Canada and Canada Post, has acted as an executive committee member of the Business Council of BC, and served as chairman and director of the Fraser Institute. The Lalji Family Estimated net worth: $3.07 billion The family, mainly consisting of three brothers, owns the Larco Group, which is Vancouver's largest land developer for retail and hotel properties. They are perhaps best associated with their donation to fundthe construction of UBCs new performing arts centre in 1997, which was named after their family. British Columbia happens to have some of the warmest weather in Canada, which is why some of the countrys richest entrepreneurs and business owners choose to retire there. The Lalji family, she said, is not particularly visible on their own hotel properties, nor did she have any success in reaching them for her report. Pattison is often referred to as the Warren Buffett of Canada due to his business savvy, financial intelligence, and history of profitable investments. Now, Caleb serves as chairman and CEO of Burrard International Holdings, the parent company of GolfBC, which controls six golf courses in BC and three in Hawaii. According to Canadian Business, they have an estimated net worth of CAD $ 1.07 billion. Caleb and Tom are also known as two of British Columbias biggest philanthropists, having donated over $ 10 million to fund UBCs Chan Center for the Performing Arts. Family & Relations Not Much is known about Lalji family and Relationships. He went on to found Mikes Hard Lemonade in 1996, which helped him skyrocket to success. What is the average Lalji lifespan? Luigi grew the company and diversified into many other sectors including agriculture, hospitality and entertainment. [4] List of wealthiest Canadians (Bloomberg, 22 May 2022) [4] [note 2] World rank. Lalji Singh (1947-2017), Indian scientist. View full report. In 2017, the family ranked #30 on the annual list of Canada's richest 100 individuals and families, according to Canadian Business. The Lalji Family | $2.69 billion Lalji's family company, The Larco Group, is one of the Lower Mainland's largest land developers, with extensive hotel and retail properties, including West Vancouver's Park Royal Mall. This page or section lists people that share the same given name or the same family name. He built it into a conglomerate of business in fields as diverse as paper, retail and broadcasting. who played the baby in tootsie. His company owns numerous car dealerships, Save-On-Foods, Overwaitea, Guinness World Records, media outlets, Ripleys Believe It or Not and Canadian wine purveyor Everything Wine. 113. Lalji Armorial History W/Coat of Arms: Lalji Coat of Arms & Surname History Package: Lalji Family Crest Image (jpg) 300 DPI: Lalji Key Chain: Lalji Coffee Mug: Lalji Armorial History w/Frame Mac has accumulated quite a decent fortune throughout his career as a journalist. Today, hes best known for being the largest shareholder of clothing giant Lululemon Athletica Inc. The storage or technical access is necessary for the purpose of legitimate interest to store preferences that are not requested by the subscriber or user. Access articles from across Canada with one account, Share your thoughts and join the conversation in the comments, Get email updates from your favourite authors. While overall, todays billionaires are younger than the billionaires of yesteryear, there are some legacy family institutions that continue to hold immense wealth in this country. Name: Lalji Family Net Worth: $3.1 billion What they own: Canadian Business reported that low-profile billionaires Amin and Mansoor Lalji, owners of the Larco Group of companies, own part of. Both his parents were athletes in college and his father was a physical education teacher later in life. Were they born with a silver spoon in their mouth, or did it take a lot of hard work and dedication to get there? The brothers entered the world of real estate development when they acquired their first property in Kelowna, BC, in 1989 that contained a golf course. Note: The list includes families who, according to reliable sources, have a combined net worth of 1 billion US Dollars and above. Vancouver organizations receive $2.9M to improve local tourism offerings, Construction firm fined for unsafe Richmond worksite, Sale of B.C.-based Teck to a foreign buyer would be a loss for Canada, critics say, Prompt payment legislation needed for provinces construction industry: BCCA survey, Lululemon reportedly in talks to sell its Mirror technology unit, Talk of LNG as clean fuel alternative risks losing sight of climate goals: experts, Some B.C. This device is not shared with anyone under the ageof19. He used a lot of his money and connections to finance and invest in Canadian mining operations throughout the late-1990s. Hardbacon 2023 Bacon Financial Technologies Inc. Brandt Louie family:. According to Canadian Business, they have an estimated net worth of CAD $3.07 billion. Prior to his tenure at Zones, Lalji was the founder, president, and CEO of Kits Cameras, Inc., which he built into a chain of 225 stores across the U.S. and Canada. In the past, Firoz has also been known as Firoz H Lalji. Since then, his company, Vancouver-based Uniglobe Travel, has established franchises in 60 countries across the globe. In 2010, he teamed up with Carlos Slim and President Bill Clinton to create a $ 20 million fund to support small businesses in Haiti, and this foundation went on to contribute $ 30 million to the Clinton HIV / AIDS Initiative. Consult a licensed financial expert before making any life-changing decisions with your money. What happens if 155,000 federal public service workers go on strike? According to Canadian Business, they have an estimated net worth of CAD $3.3 billion. Bob Gaglardi is an international real estate mogul and investor. Theyre living proof that investing in real estate is one of the. The underlying technology is based on research Hansen pursued while a professor at the University of British Columbia, a position that he held until 2019. In 1982, in Vancouver, Khosrowshahi founded Inwest Investments Ltd. (which is now part of Persis Holdings Ltd. the Khosrowshahi family holding company) and its subsidiary, Future Shop. After this, he turned to investment banking. The business encompasses retail brands in the grocery and drug store chain sectors such as IGA supermarkets and London Drugs. According to a Globe and Mail investigation titled The Hermit Kings, the main family players are three brothers, Aminmohamed (often called Amin), Mansoor and Shiraz. + Fixed vs Variable Rate Mortgages in Canada: What Are the Differences? This is the company that has made the Desmarais family one of the richest families in Canada. He continued to sell used cars until he finally managed to open a Pontiac dealership in 1961, by persuading an RBC manager to lend him $40,000 (a lot more than the branchs lending limit). In 2016, he was inducted into the Order of Canada with one of the highest civilian honors. Gillian Findlay leaving CBC after remote-work discussions turn sour, How city council let control of the Chteau Laurier expansion slip through its fingers, Coffman: The Chteau Laurier addition is genuinely incompatible. + The Ultimate Guide to Life Insurance Medical Exams. Lalji Coffee Mug. This advertisement has not loaded yet, but your article continues below. Brandt Louie is an accountant, businessman and philanthropist. Technical storage or access that is used exclusively for anonymous statistical purposes. Marriott Las Vegas Resort and Rampart Casino, and brother Shiraz Lalji has connections to Oakdene Finance Ltd., a holding company based in the British Virgin Islands. In 2016, he was inducted into the Order of Canada with one of the highest civilian honors. This is not their first foray into big Ottawa real estate. Lalji family: Larco Group of Companies; net worth: $3.1 billion; 5. Gaglardi founded Northland Properties in 1963 with a $5,000 loan. The companys biggest deal to date was selling Future Shop to Best Buy for over $500 million in the early-2000s. Before investment banking, though, the family grew its roots in forestry and the paper industry. In the 1980s, his sons Roberto, Francesco and Paolo joined the company and theyre now all Managing Directors. Patriarch David Thomson, or Baron Thomson of Fleet, inherited his British title and the Thomson Corporation from his father. He continues to dive into new franchise ventures when he sees potential opportunities. He attended school for business and was eventually hired on as a trader by Merrill Lynch. Now, Caleb serves as chairman and CEO of Burrard International Holdings, the parent company of GolfBC, which controls six golf courses in BC and three in Hawaii. Louie was born in 1943 in Vancouver, British Columbia and earned a Bachelor of Commerce from the University of British Columbia (UBC). The main family players are three brothers: Mansoor, Aminmohamed (often called Amin) and Shiraz. However, in recent years Wilson found himself at odds with the board of directors of his company and ultimately stepped down from the board in February 2015. In 1972, after having worked as a chartered accountant for years, Brandt Louie decided to join the family business. Registered on October 3, 2012 . Glad-handing with commoners is not the work of Hermit Kings. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. These were eventually divided among his sons J.K., Arthur and Jack. Later, he was named Director of Consumer Affairs for AirCanada. In 1989, they settled in Vancouver with their father Chan Shun, the founder of Crocodile Garments Ltd. a Hong Kong textile and garment company, which was later sold to Hong Kong tycoon Lim Por Yen. The family used the money that they brought with them and began investing into small businesses throughout British Columbia, founding a conglomerate called Persis Holdings Ltd. Hassan, the son of the founder, created his own branch of the company, doing business as Inwest Investments Ltd. The complete list of Canada's 100 richest people. Larco Investments bought the historic property in 2013 through one of its many related companies, subsidiary Capital Hotel L.P., but continues to lease day-to-day operations to the Fairmont chain. Tools. He owns over 50 US patents and 63 US patent applications across 7 commercial products. + 5 Reasons to Buy a Life Insurance Policy if You Have Children, + 6 Things Every Parent Should Know About Life Insurance, + How to choose a life insurance policy in Canada, + How to Get Cheap Motorcycle Insurance Quotes, + The Ultimate Guide to Dirt Bike Insurance, + The Ultimate Guide to Motorcycle Insurance, + What Does It Take To Be Pre-Approved For A Mortgage In Canada, + How To Shop For A Mortgage In Canada, Like A Boss, Using Your RRSP To Buy A House: Everything You Need To Know About The Home Buyers Plan, First Time Homebuyers in Canada: Everything You Need to Know Before Making Your Lifes Biggest Purchase, + First Time Homebuyers in Canada: Everything You Need to Know. He continues to dive into new franchise ventures when he sees potential opportunities. He left Merrill Lynch in the early 1980s to work for Yorktown Securities, where he became president in 1990 and chairman and CEO in 1995. Wallace and Harrison built the company into what is without a doubt one of Canadas most successful brands. Chip Wilson is a native of San Diego, California, but became a Canadian resident after attending the University of Calgary. Remember me for 30 days. Net worth is calculated as the sum of all family assets including homes, financial investments and vehicles minus all debts. He chose to put down roots in his native British Columbia, in the largely unknown Okanagan Valley wine appellation. In 2012, he was inducted into the Order of British Columbia for his philanthropist and entrepreneurial efforts. He took the yoga-inspired company public in 2007 but resigned from his position as chairman in 2013 and removed himself from the business entirely in 2015. Vancouver, the provinces largest city, is one of the most expensive cities in the entire country (second only to Toronto). Plus, your kids are covererd with $10,000 in life insurance, free. Hes the founder and CEO of AbCellera Therapeutics a company that uses AI and machine learning to develop antibodies which can kill cancer cells, fight infectious viral diseases, and more. Ditch the stress with these savvy time-saving hacks. He has always been passionate about food and wine, and his first entrepreneurial venture was selling fine wine from the trunk of his car. Compared to some of the billionaires on this list, a family worth $900 million may not seem like much. In 1961, Hassan joined the family business. Anthony von Mandl is a businessman and leading figure in the alcohol sector. Who Is The Wealthiest Person In Vancouver? He started his own construction company and over the following decades, began building quality homes in Vancouver, Ontario and Quebec. The Lalji Family - $2.69 billion Lalji's family company, The Larco Group, is one of the Lower Mainland's largest land developers, with hotel and retail properties, most notable of all is West Vancouver's Park Royal Shopping Centre. Who Is The Richest Person In British Columbia? Those in the highest quintile excluding the wealthiest 10 families increased by an average of $491,500. Giustra was chair of Endeavor Financial from 2001 to 2007, a merchant bank that finances mining companies, before stepping down to focus more on his philanthropy, but remaining Endeavors exclusive financial adviser. The company was responsible for much of Future Shops growth in the 1990s as well as Best Buys successful expansion into Canada. The definitive Canadian Business magazine ranking of Canada's 100 Richest People and families. Giuseppe Saputo, an Italian cheesemaker, immigrated with his family to Montreal in the 1950s. U. Gary Charlwood is a businessman and philanthropist, a known authority on franchising and entrepreneurship. They know what the Chteau is and they want to ensure that what theyre producing is going to maintain that high standard.. However, $900 million is still an incredibly large amount of money. The storage or technical access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. I think it would be interesting if the city were to call Amin Lalji and say look, here are the concerns from the community, how are you going to respond to this? By 1979, due to the Iranian Revolution, the Minoo Industrial Group was nationalized, and by 1981, the family had chosen to settle in Vancouver. 'Summer House: Martha's Vineyard' premieres on Sunday, May 7 at 9ET on Slice. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. In 1982, in Vancouver, Khosrowshahi founded Inwest Investments Ltd. (which is now part of Persis Holdings Ltd. the Khosrowshahi family holding company) and its subsidiary, Future Shop. Louie Co.); net worth $2.1 billion; Hassan Khosrowshahi family: Inwest Investments, DRI Capital; net worth: $1.2 billion; Caleb and Tom Chan family: Burrard International Holdings; net worth: $1.1 billion; U. Gary Charlwood family: Uniglobe Travel International, Century 21 Canada Partnerships; net worth: $1.0 billion; and. (A Postmedia researcher ran their names through a property database in B.C. According to Canadian Business, he has an estimated net worth of CAD $ 1.16 billion. They are known for managing West Vancouvers Park Royal Shopping Centre and their hospitality portfolio includes operating JW Marriott, Sheraton, Marriott, Renaissance and the Hilton brands. Kahlil Lalji is a renowned Instagram Star. Scudder. Hassan Khosrowshahi family: Inwest Investments, DRI Capital; net worth: $1.2 billion; 8. Born in Vancouver to European parents, Anthonys parents chose to relocate the family back to Europe when their son was nine years old. Gerry Schwartz and Heather Reisman are that rare power couple where each made their own fortune independently from the other. We dont know much about the real people behind the Chteau Laurier addition. Over the years, Brandt has sat on the boards of plenty of companies and non-profit organizations including the Brain Canada Foundation and the Royal Bank of Canada. Wilson is widely credited with spearheading the athleisure trend, now a $400-billion-a year global business. Chip Wilson is a businessman, philanthropist and the founder of many retail apparel companies most notably Lululemon Athletica Inc. When you consent to allowing these technologies, it permits us to analyze data, like on-site behaviour and unique IDs on the site. Wilson graduated with a bachelors degree in Economics from the University of Calgary in 1980. Khosrowshahi has had the title of director at the. Firoz Lalji Chairman and CEO Firoz Lalji is Chairman, CEO, and Co-founder of Zones, LLC. Wilson served as CEO of Lululemon until 2005, when he sold a 48% stake to two private equity firms Advent International and Highland Capital Partners. The Lalji family are businesspeople, investors and philanthropists with fortunes primarily linked to hotel ownership and real estate development. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Previously city included Seattle WA. In 1979, he graduated from Douglas College. Over time, that business turned into HY Louie Group one of British Columbias largest private companies with over 10,000 employees. The couple married in 1982. 3. In 1978, Giustra was hired by Merrill Lynch as an assistant trader and, later on, he became a stockbroker. In 1979, he graduated from Douglas College. Then there's the family bakery business which has been cooking up a healthy profit for many years. I guarantee youll see a few of the drink brands owned by Anthony Von Mandl. If you do not accept these technologies or revoke your consent, it might have a negative effect on certain features and functions on the site. In 2012, he founded AbCellera a therapeutics company which uses a combination of machine learning and proprietary hardware to identify promising antibodies, which are then used to develop treatments for infectious diseases and cancer. Were they born with a silver spoon in their mouth, or did it take a lot of hard work and dedication to get there? Larco Investments is one of Canada's largest privately- held real estate companies and owned by one of Canada's wealthiest families, the Lalji family, worth over $3 billion. Although Arthur Irving is a New Brunswick native, he spends a fair amount of time in his British Columbia residence. Over time, that business turned into HY Louie Group one of British Columbias largest private companies with over 10,000 employees. , its estimated GDP as of 2017 was $ 135.6 billion, with the main contributors being the finance, insurance and real estate sectors. Lalji Tandon (1935-2020), Indian politician. According to a Larco website, they acquired the Vancouver Airport Marriott in 1998, the SkyDome Hotel in 1999 and now have about 10 hotel properties. Today, its one of the worlds top dairy brands. Frank Giustra is a businessman, mining financier, philanthropist and the founder of Lionsgate Entertainment. Bob Gaglardi founded Northland Properties Group, which is based in Vancouver and Calgary. In 1966, Charlwood came to Canada to work for Western Airlines (now Delta), and quickly moved up to eventually become Director of Consumer Affairs for CP Air (now Air Canada). In this article, we covered Kahlil Lalji's net worth, wiki, bio, career, height, weight, pics, family, affairs, car, salary, age, facts, and other details in 2022. However, he dropped out just 3 classes short of a business degree. Belkin family: Belkorp Group; net worth: $0.9 billion. His father, Giuseppe, was a Sudbury nickel miner. Raghav Chadha, an Indian politician and member of the Aam Aadmi Party is the youngest Member of Parliament, Rajya Sabha from Punjab. Starting a business isnt one of theworst things you can do with your money in your 20s. Lalji 3.07 (2017) Larco Group of Cos. . 2023 Ottawa Citizen, a division of Postmedia Network Inc. All rights reserved. Most of his income is derived from his successful career as a fashion blogger, including sponsorships, endorsement deals, and commercial advertisements. He continued to sell used cars until he finally managed to open a Pontiac dealership in 1961, by persuading an RBC manager to lend him $40,000 (a lot more than the branchs lending limit). The privately held company, owned by brothers Amin and Mansoor Lalji, will pay $1.644-billion for the buildings, located in Vancouver, Edmonton, Calgary, Toronto, Ottawa and Montreal. He was often referred to in the plural, as in the Laljis or the Lalji family. He later bought out his co-founder and turned CENTURY 21 Canada into one of the biggest real estate companies in the country, with more than 400 locations with more than 9,807 salespeople. The dosage of hormones in birth control could be up to 92 per cent less. Luigi Aquilini started his empire with a small construction company. tap here to see other videos from our team. Luigi Aquilini came to Vancouver from Italy in 1953 and started a construction company. They own the Larco Group, which is one of the citys largest land developers with retail and hotel properties. Carl Hansen is the co-founder and CEO of AbCellera Therapeutics. Their Larco Group of Companies owns the Fairmont Hotel Vancouver, the Park Royal Shopping Centre in West Vancouver and several federal government buildings, among others. Storage or technical access is necessary to create user profiles in order to send advertisements, or to track the user across a website or multiple websites for similar marketing purposes. Lalji Framed Surname History and Coat of Arms. Lalji Family Net Worth: $3.07 billion (No change from 2017) Rich 100 rank: #30 Change in rank from 2017: 4 Major company holdings: Larco Group of Cos. He later bought out his co-founder and turned CENTURY 21 Canada into one of the biggest real estate companies in the country, with more than 400 locations with more than 9,807 salespeople. Lalji family: Larco Group of Companies; net worth: $3.1 billion; 5. Lalji family: Larco Group of Companies; net worth: $3.1 billion; 5. By 1996, Future Shop was the largest computer and electronics retailer in Canada. Storage or technical access that is used exclusively for statistical purposes. The Lalji Family Tree. Zones Chairman, CEO, and Co-Founder Related Hubs Recent News and Activity Number of News Articles 1 News Mar 12, 2018 Giustra was born in 1957 in Sudbury, Ontario to parents Giuseppe and Domenica Giustra. His father, Ali, founded the Minoo Industrial Group, a big player in the manufacturing and distribution of food products, pharmaceutical and cosmetics. The company also owns London Drugs, one of the largest online pharmacies in Canada. We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. James Pattison family: Jim Pattison Group; net worth: $5.7 billion; 2. Most of these billionaires earn residual income through their investment ventures. His father, Giuseppe, was a Sudbury nickel miner. . Belkorp has a major footingin the local sugar, pulp, and paper industry. In 2011, the family purchased the then-bankrupt Dallas Stars NHL team in a $240 million deal. His grandfather, Hok Yat Louie, immigrated to Vancouver from China in 1896 and worked as a farm laborer before saving enough money to open a general store in 1903 in the citys Chinatown.