BillionaireNet
Goldhar
Mitchell Goldhar
Rank #1444
CANADAreal-estateReal estate

Mitchell Goldhar

Net Worth
$2.781B
+0.16% (24h)
Mitchell Goldhar is a Canadian billionaire and real estate developer, primarily known for founding SmartCentres, a significant player in the development of Walmart-anchored shopping centers across Canada. His source of wealth stems from his successful ventures in real estate. Goldhar's career spans over three decades, marked by the development of numerous shopping centers, including the first Walmart store in Canada. He holds a Bachelor of Political Science degree from York University and has also taught at the University of Toronto's Rotman School of Management. As of June 2024, his estimated net worth is $2.7 billion USD. Goldhar's leadership extends to his role as Executive Chair of SmartCentres REIT and ownership of the Maccabi Tel Aviv Football Club. He is also involved in various philanthropic initiatives, demonstrating a commitment to community and health.

The Full Dossier

Early Life and Education

Mitchell Goldhar was born in 1962. He holds a Bachelor of Political Science degree from York University. He has also been an adjunct professor with the Joseph L. Rotman School of Management at the University of Toronto since 2004, where he was awarded Teacher of the Year.

Rise to Success

Goldhar's career is rooted in real estate development. He founded SmartCentres in the early 1990s, and since then, has developed over 265 shopping centers across Canada. His strategic partnership with Walmart, including developing the first Walmart store in Canada, proved to be a cornerstone of his success. Goldhar's innovation helped shape the Canadian retail landscape. In May 2015, he sold most of SmartCentre's assets to SmartREIT.

Key Business Strategies

Key business strategies include identifying strategic locations for retail centers and securing partnerships with major retailers. Goldhar's ability to anticipate market trends and capitalize on opportunities has been pivotal. He also owns the Penguin Group of Companies, and is involved in the development of mixed-use communities. In addition, he has been involved in the development of SmartVMC, a master-planned city centre.

Philanthropy

Mitchell Goldhar is an active philanthropist. He has supported medical research and other causes, with beneficiaries including SickKids, Holland Bloorview Kids Rehabilitation Hospital, and the Canadian Museum for Human Rights. He made a $10 million donation to Mackenzie Health, which named a surgery unit in his honor. Goldhar is also a Director Emeritus with the SickKids Foundation.

Career Timeline

2025

Father

Became a father at age 63.

2022

Donation to Mackenzie Health

Made a $10 million donation to Mackenzie Health, which named a surgery unit in his honor.

2018

Executive Chair of SmartCentres REIT

Became Executive Chair of the Board.

2015

Sold SmartCentres Assets to SmartREIT

Sold a majority of SmartCentres' assets to SmartREIT.

2009

Acquired Maccabi Tel Aviv Football Club

Goldhar became the owner of the Maccabi Tel Aviv Football Club.

1990s - 2015

Founded and Developed SmartCentres

Goldhar established SmartCentres, developing over 265 shopping centers across Canada, anchored by Walmart stores.

1994

Opened the first Walmart in Canada

Mitchell Goldhar developed the first Walmart store in Barrie, Ontario, marking a significant entry of the retail giant into the Canadian market.

Philanthropic Impact

Healthcare$10M

Mackenzie Health

A donation to Mackenzie Health, resulting in the naming of a surgery unit.

HealthcareUnknown

SickKids Foundation

Director Emeritus of the SickKids Foundation

Wealth Trajectory