Richest People

Canada’s Richest People: The Slaight Family

Canada’s Richest People
Slaight Family
(Photo: Lisa Petrole)

Slaight Family

Net Worth:
$2.26 billion
(▲3.2% from 2017)

Rich 100 rank: #45
Change in rank from 2017: ▼5
Major company holdings: Standard Broadcasting.
Location: Toronto

Gary Slaight, son of family patriarch Allan, spends part of his time engaged in philanthropy these days. In 2016, the Slaight Family Foundation donated $1 million to 11 different non-profits, including the Canadian Red Cross and Special Olympics Canada. This year they pledged $12 million over the next five years to go to 15 non-profit organizations that support culture, education and cultural activities for Indigenous people across Canada.

In 1948, Allan Slaight started a radio station in Moose Jaw, Sask., that marked the beginning of what would become a sprawling media business. Slaight purchased Standard Broadcasting from Conrad Black in 1985 and consolidated his assets under that name. The company was said to be exploring an IPO in 2006 but ended up selling to Astral Media the following year. Gary remains in the music business and contributed extra funding to the Polaris Music Prize last year, boosting the award to $50,000 from $30,000.

The Slaight Family Foundation has committed to providing that money over the next five years to 15 non-profit organizations that are engaged with the First Nations, Inuit and Métis on a wide range of initiatives, from health and education to cultural activities and preventing violence against Indigenous women.

Updated Thursday, November 9, 2017