⬅ # 573 Mark Scheinberg|# 575 Zhu Yan ➡

# 574 Peter Gilgan 

$5.69B

Real Time Net Worth
as of 12/12/2024
$477 (0.00%)

# 574 Peter Gilgan 

$5.69B

Real Time Net Worth
as of 12/12/2024
$477 (0.00%)
OccupationFounder, CEO and Chair, Mattamy Group
Source of WealthHomebuilding
Age73
ResidenceOakville, Canada
Marital StatusMarried
Children8
Age-Adjusted Net Worth$2.36B
Peter Gilgan
Peter Gilgan
Canada
Net worth: $5.69B

Self-Made Score 

Rado Unisex Centrix Diamond Swiss Automatic Watch

Wealth History

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Biography

Overview

Peter Gilgan is the founder, Chairman, and CEO of Mattamy Homes, the largest privately owned homebuilder in North America, which he established in 1978.
His innovative approach to suburban development, inspired by the New Urbanism movement, has led to the construction of more than 100,000 homes across Canada and the United States.

Biographical Info

Peter Gilgan, one of seven children, grew up in a middle-class family.
Before venturing into homebuilding, Gilgan worked as an accountant.
In 1978, he founded Mattamy Homes, naming it after his two oldest children, Matt and Amy.
Mattamy Homes shifted focus in 1986 to designing and building planned communities, departing from conventional suburban developments.
With revenues of $4.1 billion, Gilgan continues to serve as the CEO of Mattamy Homes.
In 2018, Gilgan founded Mattamy Asset Management Inc., diversifying his investments and businesses.

Honors and Awards

Awarded Member of the Order of Canada in 2013, recognizing his innovative leadership in the construction industry and philanthropic endeavors.
Honored with a Queen’s Diamond Jubilee Medal in 2013 and promoted to an Officer of the Order of Canada in 2020.
Received the Canadian Business Leader Lifetime Achievement Award in 2023 from the Canadian Chamber of Commerce.
Named Business Leader of the Year by the Ivey Business School in 2019.
Inducted into the Ontario Sports Hall of Fame in 2016 for contributions to sport, recreation, and philanthropy.
Inducted as a Companion into the Canadian Business Hall of Fame in 2013.
Recognized as Canada’s Entrepreneur of the Year in 2007 and received the Outstanding Business Leader of the Year award from Laurier’s School of Business and Economics in 2010.
Elected a Fellow (FCA) of the Institute of Chartered Accountants of Ontario in 2009.

Philanthropy

Donated over $360 million in lifetime charitable contributions, focusing on health care, education, athletics, and community building.
Made historic donations to various hospitals, including $105 million to Trillium Health Partners in February 2022, the largest single gift to a hospital in Canadian history.
Gifted $100 million to The Hospital for Sick Children (SickKids) in June 2019, the largest single donation to SickKids.
Donated $10 million to the Promise Campaign of St. Joseph’s Health Centre in September 2017.
Collaborated with the Canadian Cancer Society on a $12 million gift to Women's College Hospital in February 2017.
Contributed $30 million toward the construction of a new patient-care tower at St. Michael’s Hospital in 2014, and $40 million to SickKids Hospital in 2012.
Initiated the capital campaign for the New Oakville Hospital with a $10 million donation in 2010.
Led the development of a new student and community athletic center at Ryerson University with a $15 million gift in 2012.

Peter Gilgan's Wealth is Equivalent to:

4,383,372 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,077,389 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

58,194 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Peter Gilgan?

If you started with $10,000 and invested an additional $500 each month at a 43.53% CAGR, it would take you 5 years to reach Peter Gilgan's net worth of $5.69B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 63.87% compared to 28.04% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Peter Gilgan is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Peter Gilgan, Homebuilding is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey