Canada being apart of the G8 (Group of 8 major industrialized countries) means the country and its population of 35 million should be amongst the world’s wealthiest. How is it possible then that only 2 individuals are richer than the bottom 30% of this rich nation’s population.
Yes, these two men – David Thomson (Net worth $28 billion) and Galen Weston Sr. (Net worth $9 billion) – have more money than 11 million Canadians combined, according to a new report from a group of international aid organizations.
Oxfam commission a report on the distribution of wealth across the globe and the results are astounding. Canada is just one example from the report, and it is representative of the “so called” developed nations.
Billionaire businessman David Thomson’s fortune is derived from his family’s publishing empire while Galen Weston Sr.’s is mainly from chains of grocery stores and other entities across Canada.