Rank #573
Stephen Smith
Net worth $6.9B
Finance and investments · Canada
- Born
- Jun 02, 1951
- Age
- 74
- Source
- Finance and investments
- Residence
- Toronto
- Citizenship
- Canada
- Marital status
- Married
- Children
- 3
- Education
- Bachelor of Science in Engineering, Queens University
Net worth over time
Biography
- Stephen Smith is a Canadian financial services magnate.
- Smith cofounded mortgage lender First National Financial in 1988, just four years after being personally bankrupt.
- He also owns about half of Canada Guaranty Mortgage Insurance Company and a stake in publicly traded Canadian bank EQB.
- He acquired lender Home Trust for more than $1.2 billion in 2023 and merged it with Fairstone Bank of Canada in early 2025.
- Smith has donated more than $100 million to Queen's University, where the business school is named after him.
- Smith has passed his love of heli-skiing onto his three adult children.
- An electrical engineer by education, Smith programmed code that is still used today by First National's mortgage approval and tracking system, Merlin.
Financial assets
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