Billionaire Profile
Mitchell Goldhar
Global Rank
#1485

Image: Razaviv5 | CC BY-SA 3.0 | via Wikimedia Commons

Mitchell Goldhar

CEO, Real estate
CANADA
Real-Time Net Worth
$2.865B
Estimated based on Real estate stock value as of April 20, 2026
-0.29% (24h)
Age
64
Source
Real estate
Industry
Diversified
Citizenship
CANADA

Biography

Mitchell Goldhar is a Canadian billionaire renowned for his significant contributions to the real estate sector. As the founder of SmartCentres, he spearheaded the development of numerous Walmart-anchored shopping centers across Canada, establishing himself as a key figure in the retail landscape. His wealth stems from his real estate ventures, strategic investments, and leadership roles within SmartCentres REIT and other companies. Goldhar's career reflects a consistent focus on innovation and community development. His net worth is estimated to be $4.06 billion, making him one of Canada's wealthiest individuals. He holds a degree in Political Science from York University and is an adjunct professor at the University of Toronto.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

Mitchell Goldhar was born in 1962. He holds a Bachelor of Political Science degree from York University. His upbringing and education provided a foundation for his future in business, shaping his entrepreneurial drive.

Rise to Success

Goldhar's career began with the founding of SmartCentres in the early 1990s. He recognized the potential of developing Walmart-anchored shopping centers, a strategy that proved highly successful. He developed over 265 shopping centers across Canada, including 176 Walmart stores, becoming a key real estate partner for the retail giant. In 2015, Goldhar sold a significant portion of SmartCentres' assets to SmartREIT, and he remains a major shareholder and Executive Chair. His vision extended to owning a stake in the Vaughan Metropolitan Centre, a large mixed-use development.

Key Business Strategies

Goldhar's success stems from several key strategies. He identified and acquired prime real estate locations for retail development. Building strong partnerships, particularly with Walmart, was crucial. He also focused on the vision of creating connected, mixed-use communities, transforming existing properties into city centers. These strategic moves have contributed to his lasting impact on the industry and his wealth.

Philanthropy

Goldhar is also involved in philanthropy, supporting medical research and other causes. Goldhar is a supporter of the Canadian Sports Concussion Project and has made charitable gifts to organizations like the Hospital for Sick Children and the Brain Campaign.

Career Milestones

1994

First Walmart Store

Opened the first new Canadian Walmart store in Barrie, Ontario, marking a significant step in his real estate development career.

1990s

Founder of SmartCentres

Founded SmartCentres, which developed numerous Walmart-anchored shopping centers across Canada.

2015

Sale of SmartCentres Assets

Sold a significant portion of SmartCentres' assets to SmartREIT while remaining a key shareholder.

2018

Executive Chair of the Board

Became Executive Chair of the Board of SmartCentres REIT.

2021

CEO of SmartCentres

Appointed as CEO of SmartCentres REIT.

Philanthropy & Social Impact

Healthcare

Mackenzie Health

$10M

Donated $10 million to Mackenzie Health.

Medical Research

Canadian Sports Concussion Project

Unknown

Supported research on repetitive sports concussions.

Business Philosophy & Leadership

Notable Quotes

"“We keep an eye on every community in the country, it may sound crazy, but I relate very much to the average Canadian's reality.”"

Leadership Principles

Visionary Leadership

Demonstrated through the creation and expansion of SmartCentres, transforming retail spaces and leading the transformation of SmartCentres properties into city centers.

Strategic Partnerships

Building a strong working relationship with Walmart that greatly impacted the success of his company.

Community Focus

Focusing on offering Canadians fair pricing on their weekly shopping needs.