Montreal is not known for the dazzling wealth that defines other major North American cities like Los Angeles, New York, and even Toronto and Vancouver.

ALSO READ: An Arsonist Is On The Loose In Montreal

In fact, the Montreal area has one of the lowest median salaries in the country. On the other hand, lower wages keep the cost-of-living in the city remarkably low.

But despite lower salaries, a few Montrealers have managed to create staggering wealth. Opportunity abounds in this city famous for its quality-of-life.

To prove it, here's a list of the seven wealthiest self-made billionaires that call the city home:

Via Telesystem

7. Charles Sirois

Net worth: $1.19 billion

The communications magnate got in on the ground floor of the telecom industry at the end of the twentieth century. Since then, he has started over one dozen companies and have been inducted a a member of the order of Canada for his visionary endeavours. He is also active in provincial politics, cofounding the Coalition Avenir Québec, the party slated to win a majority in the National Assembly this fall.


Via Atlas Media

6. Aldo Bensadoun

Net worth: $2.03 billion

The founder of the famous shoe store chain of the same name got his start with a single, small shop in Montreal. The once local company is now an internationally famous brand.


Via The Israeli Academy

5. Marcel Adams

Net worth: $2.05 billion

The billionaire has had an incredible life trajectory. After surviving a Nazi death camp, Adams moved to Québec City where he worked in a small leather shop. He began buying properties while working as a tanner, slowly accumulating the wealth that is now his fortune. Today, Adams is a real estate tycoon.


Via Haskayne School of Business

4. Stephen Jarislowsky

Net worth: $2.11 billion

Jarislowky was a U.S. army officer before founding Jarislowsky Fraser, then a small consulting firm.


Via Lumisculpt

3. Robert Miller

Net worth: $2.11 billion

Miller is the head of software company Future Electronics. He founded the successful business as the computer industry was beginning to take off and has rode its wave ever since.


Via Lune Rouge

2. Guy Laliberté

Net worth: $2.14 billion

The founder of Cirque du Soleil began as a street performer in Québec City.


Via Asclepias

1. Jean Coutu

Net worth: $3.2 billion

Yes, that Jean Coutu. Though he sold the pharmacy chain this year for $4.5 billion. 

Source 1 | Source 2


 

Account Settings
Notifications
Favourites
Share Feedback
Log Out

Register this device to receive push notifications