Billionaire Profile
R
Global Rank
#2535

Image: Parker, John Henry, 1806-1884 | Public domain | via Wikimedia Commons

Richard Warke

CEO, Mining
CANADA
Real-Time Net Worth
$1.59B
Estimated based on Mining stock value as of April 21, 2026
+0.78% (24h)
Age
66
Source
Mining
Industry
Metals & Mining
Citizenship
CANADA

Biography

Richard Warke is a Canadian billionaire businessman with over 35 years of experience in the international resource sector. He is the Chairman of the Augusta Group of Companies, which has a strong track record in the mining sector. Warke has founded and led several successful resource companies, including Ventana Gold Corporation, Augusta Resource Corporation, and Arizona Mining Inc., which were sold for significant amounts. He is also a partner in Fenway Sports Group, which owns the Boston Red Sox and Liverpool F.C.. As of March 2026, his estimated net worth is $1.7 billion.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life and Military Service

Richard William Warke was born at Canadian Forces Base Camp Borden in 1949. Warke started off in the Air Arm in the Canadian military as a Boy Soldier. He spent time in the Air Arm and later joined the Army.

Rise to Success

Warke's career in the mining industry spans over 30 years, marked by significant achievements. In 2005, he founded the Augusta Group of Companies, a conglomerate of public and private businesses, including Titan Mining Corporation, Armor Minerals Inc., and Solaris Resources Inc.. Warke founded Ventana Gold Corporation in 2008, discovering the La Bodega gold deposit in Colombia, which was later sold for $1.6 billion in 2011. He also founded Augusta Resource Corporation in 2014, which was sold to HudBay Minerals Inc. for C$666 million. Furthermore, in 2017 Warke co-founded Equinox Gold, which has become a mid-tier gold producer.

Key Business Strategies

Warke is known for generating value through pioneering transactions, early-stage investing, and rapidly advancing projects with access to capital. His ability to build and manage successful companies, coupled with his strategic investments in the mining sector, has been key to his success. Warke's focus on assembling dedicated and skilled management teams has also contributed to his accomplishments.

Philanthropy

Richard Warke is a Member of the Memorial Sloan Kettering Leadership Council, supporting one of the world's leading cancer institutions and advancing world-class research, patient care, and medical innovation.

Career Milestones

2005

Founded Augusta Group of Companies

Established a group of public and private companies focused on the mining sector.

2011

Sold Ventana Gold Corporation

Sold Ventana Gold Corporation for approximately C$1.6 billion.

2014

Sold Augusta Resource Corporation

Sold Augusta Resource Corporation for approximately C$667 million.

2017

Co-founded Equinox Gold

Co-founded Equinox Gold, which grew to become a mid-tier gold producer.

2018

Sold Arizona Mining Inc.

Sold Arizona Mining Inc. for approximately C$2.1 billion.

2025

Sold Augusta Gold

Sold Augusta Gold to AngloGold Ashanti for $200 million.

Philanthropy & Social Impact

Medical Research

Memorial Sloan Kettering Leadership Council

Information not found

Supports cancer research and patient care.

Business Philosophy & Leadership

Notable Quotes

"“People who know their craft and are not afraid to work together for a common cause. There is no doubt that any successes I have had would not have been possible without a full team effort.”"

Leadership Principles

Teamwork

Emphasizes the importance of a dedicated and hardworking team in achieving success.

Strategic Investing

Focuses on generating value through pioneering transactions and early-stage investing.