What’s the largest Canadian family office by AUM?

There are more than 70 large-scale single-family offices in Canada, according to our internal familyofficehub.io database. Many of them are managing the wealth of the country’s most affluent families. With a net worth of over $40 billion, Changpeng Zhao is the richest Canadian. Since a large part of the wealth is concentrated in his family office, YZI Labs, the Zhao family office is the largest one in the country. The only point that speaks against listing YZI Labs as the largest Canadian family office is the fact that it definitely does not have its headquarters in Canada itself (as for Zhao’s firm Binance, an official HQ is not disclosed).

How does YZI Labs invest?

YZi Labs is the family office of Changpeng Zhao (CZ), managing approximately $10 billion in crypto-related assets and also overseeing the wealth of Binance co-founder Yi He. The firm emerged from the restructuring of Binance Labs into a family office after Zhao’s legal proceedings, which included a $50 million fine and a four-month prison sentence. Released in September 2024, Zhao now focuses on investments with significant impact. YZi Labs operates remotely without a formal headquarters and invests in sectors including Web3, artificial intelligence, and biotechnology. It plans to expand its team to 20 members and makes investments ranging from $500,000 to $50 million, including in liquid tokens. YZi Labs runs the EASY Residence program, a 10-week in-person incubation initiative for early-stage teams in Web3, AI, and healthcare, beginning June 2, 2025, in Silicon Valley. It also partners with BNB Chain and CMC Labs in the Most Valuable Builder (MVB) accelerator program to support the BNB Chain ecosystem.

Alternative candidates for the Canadian family office ranking by AUM

There are various alternative large-scale Canadian single-family offices identified by the familyofficehub.io research team. For instance, Canadian billionaire Sherry Brydson manages her wealth trough Westerkirk Capital. Also, Thomvest of the billionaire Thomson family is a major Canadian single-family office, which actively invests in private equity, real estate, listed equity and credit.

Picture Source: Getty Images, Unsplash+ (04.05.2025)