MONEY IS ON EVERYONE'S lips in these financially fraught times-the exorbitant price of food, gas and shelter; the stagnating state of our wages; the ever-expanding income gap-so it seemed like the perfect moment to resurrect our city-wide salary survey, which we last compiled in 2011. A lot has changed. To figure out who makes what in 2024, we dug through documents, consulted experts, emailed subjects, then called them, then emailed them again-and got turned down. A lot. (Everyone wanted to know what other people made, but their own earnings were none of our &@*#*%?! business.) In the following pages, you'll find out who's squeaking by, who's maxing out their RRSPs and who's buy-anarchipelago rich. You'll read about the CEOs who draw $1 salaries but have some eye-popping perks, the public servants who make more than the mayor (lots of them), and the city's newest crop of athletes, who should probably, definitely be asking for a raise.
BUSINESS
Tobias Lütke
Shopify's founder relocated to Toronto this year, shifting the e-commerce giant's centre of gravity out of Ottawa. A few months earlier, the company announced plans to slash roughly 20 per cent of its staff. Amid such layoffs, Lütke's stated salary of one loonie per year appeared to be a gesture of noblesse oblige. But its effect was undercut somewhat when he was awarded $27.3 million in stock options in 2023 and approved for $205 million in stock- and share-based awards to be paid out over the coming years-one of the largest compensation packages in Canadian history. Lütke, who already owns some $8 billion in Shopify stock, also serves on the board of crypto exchange platform Coinbase, which paid him $411,145 in stocks last year. All told, his net worth is a whopping $7.4 billion.
Dani Reiss
Denne historien er fra July 2024-utgaven av Toronto Life.
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Denne historien er fra July 2024-utgaven av Toronto Life.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Booksmart
I dropped out of high school because of a learning disability and depression. Public libraries saved my life
Top Shelf
Four drool-worthy home libraries
The Giver
Media mogul Gary Slaight donates a lot of money$15 million to this, $30 million to that-and he's not above shaming his wealthy friends into doing the same
TRAIN WRECK
Toronto residents in the path of Ontario Line construction are living in a bone-rattling, foundation-cracking, rat-infested hellscape. True tales from the epicentre
TURF WAR
For 148 years, the Toronto Lawn Tennis Club was an ivy-covered bastion of civility with a roster of like-minded, blue-blooded members. Then an old-money-versus-new-money clash erupted
The Cult of Wellness
A growing cohort of Torontonians are swapping the coke-fuelled, booze-soaked club scene for cold plunges, sobriety and superfood smoothies
CLOSE TO HOME
A new inpatient mental health unit for children and youth will provide community-level support at Oak Valley Health's Markham Stouffville Hospital.
Scatter Brain - Maybe it sounds glib to suggest that a complex neurodevelopmental disorder is having a moment, but if you haven't noticed that ADHD is everywhere these days, you haven't been, well, paying attention
Five years ago, hardly anyone was talking about adult ADHD. Now it's all over social media, and self-diagnosis is rampant. How a complex neurological condition became the new superpower
Marital Arts
Three Toronto couples who celebrated their nuptials in spectacular fashion
Strings Attached
Country music's barrier-busting cowboy Orville Peck is tearing through 2024 with a new album, new collabs and a new outlook on life