Reaching millionaire status before 40 is an extraordinary feat, and these Canadian prodigies have done just that, making waves across various industries. From music icons and tech innovators to athletes who dominate their sports, these individuals have amassed substantial wealth and influence. Let’s delve into the stories of the ten richest Canadians under 40 and discover the paths they took to build their fortunes.

1. Bianca Andreescu: The Tennis Prodigy

Bianca Andreescu, at just 23, has made a name for herself in the world of tennis, achieving a net worth of $4 million. Her rapid rise in the sport, highlighted by winning the 2019 U.S. Open and the Canadian Open, has brought her substantial earnings and global recognition. As the highest-ranked Canadian player in the Women’s Tennis Association, Andreescu’s career prize winnings amount to an impressive $8.75 million.

Beyond her on-court achievements, Andreescu’s endorsement deals, including her role as a brand ambassador for Cadillac Canada, have further boosted her financial standing. Her historic victories as a teenager, including being the first Canadian to win a Grand Slam singles title, set her apart as a remarkable talent in Canadian sports history.

2. Chris Boucher: The Rising NBA Star

Chris Boucher, a prominent player for the Toronto Raptors, has built a significant net worth of $6.5 million. Boucher’s journey to becoming one of Canada’s wealthiest athletes under 40 is marked by his resilience and dedication, having signed a lucrative three-year, $35.2 million contract extension with the Raptors. Known for his defensive skills and versatility, Boucher is a key player in the NBA.

In addition to his salary, Boucher has secured endorsement deals, including a partnership with Slim Jim. His status as a two-time NBA champion and a standout in the NBA G League reflects his hard work and talent. Boucher continues to rise in the ranks of professional basketball, both in performance and wealth.

3. Lilly Singh: From YouTube to Late-Night TV

Lilly Singh, also known as Superwoman, transitioned from YouTube sensation to mainstream success, amassing a net worth of $20 million. Singh’s creative content and charismatic personality earned her a spot on Forbes’ list of the world’s highest-paid YouTube stars. Her move to television as the host of “A Little Late with Lilly Singh” further expanded her reach and income.

Beyond her YouTube and TV career, Singh has starred in series like “The Muppets Mayhem” and authored books, enhancing her brand and financial portfolio. As an influential figure in entertainment, Singh continues to break barriers and inspire millions with her journey from online content creation to mainstream media.

4. Connor McDavid: The Hockey Phenom

Connor McDavid, captain of the Edmonton Oilers, is not just a hockey superstar but also a financial powerhouse with a net worth of $30 million. McDavid’s skill on the ice, earning him comparisons to legends like Wayne Gretzky, secured him an eight-year, $100 million contract. His consistent high performance, including back-to-back seasons with over 100 points, solidifies his position as one of the NHL’s top players.

McDavid’s wealth is further augmented by endorsements from major brands like CCM and Rogers. His influence extends beyond sports, as he engages in various philanthropic efforts, particularly in supporting youth hockey programs. McDavid’s combination of talent, leadership, and marketability makes him a dominant figure in Canadian sports.

5. Lance Stroll: The Formula One Trailblazer

Lance Stroll, a rising star in Formula One racing, boasts a net worth of $55 million. As a driver for Aston Martin, owned by his billionaire father Lawrence Stroll, Lance has proven his worth on the track, securing podium finishes and earning substantial prize money. His career earnings, combined with sponsorship deals, highlight his success in a highly competitive sport.

Despite his privileged background, Stroll’s dedication and performance in F1 are noteworthy. He also engages in philanthropic efforts, such as contributing to wildfire relief efforts. Stroll’s journey in motorsports, marked by significant achievements and earnings, showcases his potential for further success.

6. Drake: The 6ix’s Music Mogul

Drake, born Aubrey Graham, is a global music icon with a staggering net worth of $250 million. The rapper and singer’s success stems from a prolific career in music, with numerous chart-topping albums and hits. His business ventures, including the OVO brand, encompass a record label, clothing line, and music festival, further expanding his empire.

Drake’s influence is not limited to music; he also serves as the global ambassador for the Toronto Raptors, blending his passion for sports with his business acumen. His luxurious lifestyle, including a $100 million mansion in Toronto’s Bridle Path, reflects his immense success and impact as one of Canada’s most influential celebrities.

7. The Weeknd: The Unrivaled Star

The Weeknd, real name Abel Makkonen Tesfaye, surpasses Drake with a net worth of $300 million. Known for his unique musical style, The Weeknd’s albums like “Beauty Behind the Madness” and “After Hours” have achieved worldwide acclaim and commercial success. His ventures into acting and brand endorsements have further solidified his financial status.

The Weeknd’s artistic versatility extends to his roles in films and series like “Uncut Gems” and HBO’s “The Idol.” His contributions to music and entertainment have not only made him one of Canada’s richest under 40 but also a global superstar with an ever-growing influence.

8. Justin Bieber: The Global Pop Icon

Justin Bieber, with a net worth of $300 million, remains one of the most recognizable names in music. Bieber’s early start in the industry led to a series of hit albums and singles, cementing his status as a pop sensation. His ventures extend beyond music, with endorsement deals from Calvin Klein and Tim Hortons and his clothing line, Drew House.

Bieber’s career is marked by constant reinvention and growth, keeping him relevant in the ever-changing music landscape. His success story, from a young YouTube discovery to a global superstar, highlights his enduring appeal and financial savvy.

9. Apoorva Mehta: The Instacart Innovator

Apoorva Mehta, founder of Instacart, is a tech entrepreneur with a net worth of $1 billion. Mehta’s journey from an engineer in Canada to a tech mogul in Silicon Valley underscores his innovative spirit. Instacart’s success in revolutionizing grocery shopping through delivery services has made Mehta one of the wealthiest young Canadians.

Mehta’s decision to step down as CEO in 2022 and his involvement in the company’s public listing illustrate his strategic foresight. His entrepreneurial journey and significant wealth highlight the potential of technology and innovation in creating substantial financial success.

10. Ryan Cohen: The E-Commerce Mastermind

Ryan Cohen, co-founder of Chewy and investor in GameStop, has a net worth of $3.7 billion. Cohen’s vision transformed Chewy into a leading online pet retailer, culminating in its sale for $3.4 billion. His strategic investments, particularly in GameStop, during a critical time for the retailer, significantly boosted his wealth.

Cohen’s business acumen and involvement in high-profile financial movements, such as the GameStop stock surge, showcase his ability to capitalize on market opportunities. His success in e-commerce and investments underscores his status as a leading figure in Canada’s tech and business sectors.

These ten young Canadians exemplify the power of ambition, talent, and strategic thinking in achieving extraordinary financial success. As they continue to grow their careers and investments, they remain influential figures in their respective fields, inspiring others to pursue their own paths to wealth and success.