Richest People

Canada’s Richest People: The Latner Family

Canada’s Richest People
Latner Family
(Photo: Globe and Mail/CP)

Latner Family

Net Worth:
$1.12 billion
(No change from 2017)

Rich 100 rank: #93
Change in rank from 2017: ▼7
Major company holdings: L Group, Dynacare
Location: Toronto

The Latners added Quality Underwriting Services Ltd. (for an undisclosed amount) to their life insurance risk assessment company Dynacare last year, quietly growing their fortune. According to Dynacare, it’s now the only Canadian company that offers the full scope of services insurance companies need for risk assessments. The company’s wealth doesn’t all come from medical exams and lab tests, though. Under the L Group of Companies, they reap massive returns from a range of ventures from casinos to air-cargo shipping.

Family patriarch Albert Latner died in 2015 at the age of 88, having built his father-in-law’s construction business into one of Toronto’s largest real estate developers. After leaving Greenwin Properties, he founded Shiplake, which has interests in retirement homes and air cargo. Infighting amongst the family casts a shadow over Latner’s legacy. Over the years, his children have filed lawsuits against each other over pieces of their late father’s empire. Two of his four children, Steven and Michael, continue to run the business.

Updated Thursday, November 9, 2017