N. Murray Edwards (born December 10, 1959) is a Canadian oil sands financier and a co-owner of the Calgary Flames hockey team. With an estimated net worth of $US 2.2 billion (as of March 2011), Edwards was ranked by Forbes as the 14th wealthiest Canadian and 540th in the world. Edwards launched major Canadian companies including Canadian stalwarts Canadian Natural Resources Ltd and Ensign Energy Services Inc.
Background
Edwards studied at the University of Saskatchewan, graduating with a Bachelor of Commerce (honours), after which he obtained his law degree from the University of Toronto. He would later also receive an honorary Doctor of Laws degree from the University of Saskatchewan. In 2013, he received an honorary law degree from the University of Toronto.
Source of Edwards’ Fortune
Edwards has more at stake in the Canadian oil sands than possibly any other individual. His company, Canadian Natural Resources, has sketched out plans to spend $25 billion to turn the bitumen-bearing sand found in northern Alberta into barrels of crude oil. This media shy lawyer-turned-financier also owns big stakes in Ensign Energy, Canada’s second biggest oil services company, and Penn West, one of Canada’s biggest energy trusts. In the Calgary Herald’s 2015 executive compensation survey, Edwards’ 2014 earnings as chairman of Calgary-based Canadian Natural Resources Ltd. were rated fourth highest of the city’s 100 largest publicly traded companies at $12.7 million. He also earned almost $2 million as chairman of Ensign Energy Services Inc. Much of his compensation from both companies was in the form of stock options. He owns Resorts of the Canadian Rockies, which owns Fernie Alpine Resort, Kimberley Alpine Resort, Nakiska, Stoneham Mountain Resort, Mont-Sainte-Anne, and Kicking Horse Resort. He owns shares of the Calgary Flames hockey team. He owns over 30% of a management and holding company, Jovian Capital Corp. Edwards is Chairman of the Board of Magellan Aerospace Corporation and the majority holder of Magellan Aerospace, owning ~76% of Common Shares.
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Edwards in 2011
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| Born | December 10, 1959 Regina, Saskatchewan, Canada |
| Residence | London, England |
| Nationality | Canadian |
| Education | University of Saskatchewan University of Toronto |
| Net worth | US $ 2.2 billion (est.) (2011) |
| Spouse(s) | (ex-wife) Heather Bala, 1 son |
N. Murray Edwards is a Canadian businessman with an estimated net worth of $1.25 billion according to Forbes, as of February 2016. He is the 19th richest person in Canada and the 868th in the world.Mr. Edwards has earned his estimated net worth of $1.25 billion with his stakes in the Canadian oil sands with his company, Canadian Natural Resources, where he is also the chairman. He also owns big stakes in Ensign Energy, the second biggest oil services company in Canada, and Penn West, one of Canada’s biggest energy trusts.
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