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average. The family, mainly consisting of three brothers, owns the Larco Group, which is Vancouvers largest land developer for retail and hotel properties. James Pattison family: Jim Pattison Group; net worth: $5.7 billion; 2. The Chan brothers were born in Hong Kong. Francesco Aquilino is the managing director of the Aquilini Group, which has interests in various industries, including real estate and development. Dr Ronil Lalji. Iranian-Canadian Khosrowshahi is chairman of the Persis Group of Companies, headquartered in Vancouver, which has substantial interests in several sectors, including land development and pharmaceutical royalties. Lalji Family - Larco Group of Cos. - $3.07 billion 33. Your email address will not be published. Remove Profile. The support of generous donors like the Lalji family has never been more important. Toronto-based David Thomson, President of the Thomson Reuters Corp. global media company, again topped the list with a net worth of $ 39.5 billion this year. Manage Settings Because Canadian law requires trusts to pay tax on their assets every 21 years, Alston said the Laljis decided to move their money offshore before their 2005 deadline in order to pay a lower rate of tax. Its the same kind of structure, a few more companies, but it amounts to the same thing.. They moved to Canada when they were young. The 10 richest people in Vancouver | News - Daily Hive While the Lalji name doesnt appear anywhere in the Panama Papers, details in the internal correspondence support Alstons testimony at the Nevada State Gaming Control Board. Now he owns a clothing line worth billions. $2.18 billion. The amount of tax revenue lost to offshore tax havens is pegged at $6 billion to $7.8 billon every year. His company owns numerous car dealerships, Save-On-Foods, Overwaitea, Guinness World Records, media outlets, Ripleys Believe It or Not and Canadian wine purveyor Everything Wine. In addition to government buildings, Larco Investments Inc. has vast real-estate holdings in Canada, including Vancouvers Park Royal mall. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others.