Richest People

Canada’s Richest People: Carlo Fidani

Canada’s Richest People
Carlo Fidani
(Photo: Chris Young/CP)

Carlo Fidani

Net Worth:
$4.89 billion
(▲0.6% from 2017)

Rich 100 rank: #14
Change in rank from 2017: ▼2
Major company holdings: Orlando Corp.
Location: Toronto
Age: 63

Third-generation construction magnate and avid NASCAR enthusiast Carlo Fidani is one of Canada’s leading landlords of commercial and industrial properties. When he brokers a deal, it’s massive—like the $500-million sale of Toronto’s Bayview Village shopping complex to the B.C. Investment Management Corp. in 2014. But he’s also happy to give money away, particularly to medical- and health-related causes. In 2015, his Orlando Corp. launched a gift-matching initiative that will see it donate up to $15 million to William Osler Health System’s three hospital sites in the Toronto area. The company dished out another $7 million last year for cancer research at the University of Toronto Mississauga campus.

The Fidani corporate legacy began back in 1948, when Carlo’s grandfather started the construction company Fidani and Sons. With Carlo at the helm since 2000, the renamed business, now Orlando Corp., has expanded into building development and property management. Today, Fidani owns and manages over 40 million square feet of Toronto real estate.

Updated Thursday, November 9, 2017