Richest People

Canada’s Richest People: Hal Jackman

Canada’s Richest People
Hal Jackman
(Photo: Pete Redmond/National Post)

Hal Jackman

Net Worth:
$1.43 billion
(▲10.0% from 2017)

Rich 100 rank: #83
Change in rank from 2017: ▼5
Major company holdings: E-L Financial
Location: Toronto
Age: 85

The former lieutenant-governor of Ontario found himself in trouble this year over some overzealous charitable habits. In May, he was charged with six counts of knowingly exceeding political campaign donation limits between 2008 and 2013. Some of that money went to Justin Trudeau’s leadership run, and to one of the now-PM’s competitors, Deborah Coyne. It should be noted that Jackman honed his political philanthropy as the federal fundraiser for the Progressive Conservatives under Brian Mulroney.

Jackman’s wealth started with a substantial fortune he acquired from his father, Harry Jackman, who built the Empire Life group of financial services companies. He has grown a considerably more massive one through asset diversification and timely sell-offs, such as the 1997 sale of National Trust to the Bank of Nova Scotia for $1.2 billion.

Updated Thursday, November 9, 2017