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Pattison
Jim Pattison
Rank #253
CANADAdiversifiedDiversified

Jim Pattison

Net Worth
$11.565B
+0.05% (24h)
Jim Pattison, born October 1, 1928, is a Canadian business magnate, investor, and philanthropist. His diversified source of wealth stems from the Jim Pattison Group, a conglomerate with interests spanning automotive, media, food, and entertainment industries. Pattison's career began with a used car dealership, which he grew into Canada's second-largest privately held company. Throughout his career, he has achieved remarkable success through strategic acquisitions and a commitment to customer satisfaction. His impact extends beyond business through substantial philanthropic endeavors.

The Full Dossier

Early Life

James Allen Pattison was born in Saskatoon, Saskatchewan, on October 1, 1928. When he was six years old, his family relocated to East Vancouver, British Columbia. He had a strong work ethic from a young age, taking on numerous jobs in his youth, including selling seeds door-to-door and delivering newspapers. He graduated from John Oliver Secondary School in 1947.

Rise to Success

Pattison's career began in the automotive industry. He started by washing cars and eventually selling them. In 1961, Pattison, with a $40,000 loan, purchased a General Motors dealership, marking the founding of the Jim Pattison Group. Through strategic acquisitions and organic growth, he expanded his business interests into diverse sectors, including media (radio and television stations), advertising, food retail (Save-On-Foods, etc.), and entertainment (Ripley's Believe It or Not!, Guinness World Records).

Key Business Strategies

Pattison's success is attributed to several key strategies. He focused on customer satisfaction, which helped individual divisions become leaders in their markets. He employed a strategy of acquiring existing businesses and expanding into new markets. He is known for expecting a lot from his employees and rewarding those who succeeded. Pattison has also been described as a learning machine, adapting his business strategies based on insights gained from various sources.

Philanthropy

Jim Pattison is a well-known philanthropist, donating to various charitable organizations. He has made significant donations to healthcare, education, and community development. Notable donations include record-breaking contributions to the construction of St. Paul's Hospital in Vancouver and the Jim Pattison Children's Hospital in Saskatoon. He has consistently given a portion of his income to charitable causes.

Career Timeline

2000

Entrepreneur of the Year - Lifetime Achievement Award

Awarded for his significant contributions to entrepreneurship.

1990

Appointed to the Order of British Columbia

Further recognition for his business achievements and community involvement.

1987

Appointed to the Order of Canada

Recognized for his contributions to business and philanthropy.

1986

Chaired Expo 86

Served as the CEO and President of the Expo 86 Corporation, leading the organization of the World's Fair in Vancouver.

1961

Founded the Jim Pattison Group

Purchased a General Motors automobile dealership in Vancouver, which became the foundation of his business empire.

Philanthropic Impact

Healthcare$75M

St. Paul's Hospital Donation

Donated a record amount for the construction of a new hospital in Vancouver.

Healthcare$50M

Jim Pattison Children's Hospital

Largest private donation in Saskatchewan history to the new children's hospital in Saskatoon.

Healthcare$5M

Victoria Hospitals Foundation

Supporting the 'Building Care Together' campaign.

Wealth Trajectory