Tobi Lutke, CEO, Shopify

Tobi Lutke of Shopify is part of this year's Wealth Professional Canada's Hot List.

Tobi Lutke, CEO, Shopify
https://www.shopify.ca/

CEO
SHOPIFY

While Canada’s reputation for ingenuity might occasionally suffer, at least in comparison to the US, there are plenty of innovative minds in this country. Case in point: Shopify founder and CEO Tobi Lutke. After starting the company in 2006 as an online snowboard retailer, Lutke transformed it into an e-commerce giant, eventually going public in 2015.

With a market cap of more than $18 billion, Shopify helped Lutke became one of Canada’s youngest billionaires at the age of 37, although it hasn’t all been smooth sailing. Last November, Shopify was targeted by short-seller Citron Research, which questioned the firm’s premium valuation. Stock performance bounced back strongly, although concern remains about whether the company can maintain its spectacular growth in the coming years.

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