45 Richest Canadians Are Now Wealthier Than The Economies of Half of Canada's Provinces and Territories - 2019-11-13

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F0.png 45 Richest Canadians Are Now Wealthier Than The Economies of Half of Canada's Provinces and Territories November 13, 2019, PressProgress

Canada's billionaires now control more wealth than the economies of four Canadian provinces and three territories combined.

According to an annual "billionaires insights" report from Swiss wealth management firm UBS, Canada's 45 billionaires saw their wealth rise to $153.1 billion in 2018 — that's up 3% from 148.5 billion in 2017.

To put those numbers into context, figures from Statistics Canada show Canada's 45 billionaires have a pile of wealth that's bigger than the GDP of New Brunswick, Prince Edward Island, Nova Scotia and Newfoundland and Labrador combined ($112.2 billion).

Wikipedia cite:
{{cite news | title = 45 Richest Canadians Are Now Wealthier Than The Economies of Half of Canada's Provinces and Territories | url = https://pressprogress.ca/45-richest-canadians-are-now-wealthier-than-the-economies-of-half-of-canadas-provinces-and-territories/ | work = PressProgress | date = November 13, 2019 | accessdate = November 17, 2019 }}