Canadian businessman Ronald Southern is the founder of ATCO Group and he has an estimated net worth of $1.25 billion according to Forbes. Apart from the power and utility company which he began in 1947, he also founded the Spruce Meadows equestrian center.
Ronald Southern Net Worth $1.25 Billion
Mr. Southern’s business ventures led to his estimated net worth of $1.25 billion and this made him the twentieth richest person in Canada and the 882nd in the list of World Billionaires. In the previous year, his net worth was up by $500 million together with the surge the business’s stock. ATCO Group started in 1947 when he and his father each invested $2,000 in the original Alberta Trailer Hire Co. which afterwards became ATCO. They purchased fifteen utility trailers and rented them out in the Calgary area. They began importing and promoting mobile homes in the U.S.
In the 1970’s, Ronald and his father moved to the oil and gas business. They afterwards expanded into electricity in the 1980’s. Currently, the company has business interests in the constructions and logistics, energy, utilities, and technology businesses. He served as president for 48 years. He was also the chairman of ATCO Ltd. and the Canadian Utilities until 2012. His daughter, Nancy, is the president, chief executive officer, and chairwoman of ATCO.
Ronald Southern is whoever owns Spruce Meadows, an equestrian complex outside Calgary. It’s well known for creating Olympic riders like his daughter, Linda. He’s a graduated of the University of Alberta using a Bachelor of Science degree in medicine.