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Quebec’s Billionaire Boom and Wealth Gap | Canada News
Description
Quebec’s wealth gap is staggering—27 billionaire families control nearly 25% of the province’s wealth, with 600+ families worth over $100 million and 20,000 hitting the $10 million mark. While Ontario leads in billionaire count, Quebec’s extreme concentration is fueled by lower median family wealth due to high rental rates, making the top 1%’s share look even more dominant. Power Corporation’s Desmarais ($12B), Saputo ($5.9B), and Jean Coutu ($3.7B) top the list, but it’s the inequality—not just the riches—that’s the real story.
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