Richest People

Canada’s Richest People: Lawrence Tanenbaum

Canada’s Richest People
Lawrence Tanenbaum
(Photo: Steve Russell/Getty)

Lawrence Tanenbaum

Net Worth:
$1.5 billion
(▼1.3% from 2017)

Rich 100 rank: #78
Change in rank from 2017: ▼11
Major company holdings: Kilmer Van Nostrand, Maple Leaf Sports & Entertainment
Location: Toronto
Age: 72

As long-standing chairman of Maple Leaf Sports & Entertainment, Lawrence Tanenbaum has been a highly visible booster of two MLSE-owned franchises: Toronto’s Maple Leafs and Raptors. In 2015, however, he began focusing on a different sport—football—claiming a personal stake in the CFL’s flagship team, the Toronto Argonauts, in partnership with Bell Media. Still, it’s his influence in the NBA that stole the limelight this year. In September he was named chairman of the league, replacing Minnesota Timberwolves owner Glen Taylor.

Indeed, Tanenbaum’s portfolio relies on more than just sports franchises. He’s held investments in the construction business and cable TV; in 2015, he added Toronto’s Billy Bishop Airport terminal, which he acquired as part of an investor group that also includes AGF Management Ltd.

Updated Thursday, November 9, 2017