Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 428 Alain Bouchard $5.68B

Random fact: Believes Quebec needs more entrepreneurs.

Overview

Bouchard is co-founder and chairman of Alimentation Couche-Tard, which owns about 10,000 convenience stores and gas stations in North America. The Laval, Canada-based company had revenue of $54 billion in the year to April 25, 2021. Its retail network also has stores in Ireland, Scandinavia, Eastern Europe and Russia.

As of :
Last change -$152M ( -2.6%)
YTD change +$186M ( +3.4%)
Biggest asset ATD CN Equity
Country / Region Canada
Age 73
Industry Retail
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Alain Bouchard's net worth of $5.68B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Bouchard owns an 11% stake in publicly traded retailer Alimentation Couche-Tard, which owned more than 10,000 convenience stores worldwide as of Nov. 26, 2021, according to its website.

He owns 45% of the company's Class A shares that have 10 times the voting rights of the Class B stock, according to a July 2021 Canadian stock exchange filing. Bouchard also owns about 1.5% of the Class B shares, according to the filing.

Alimentation Couche-Tard's press office didn't respond to requests for comment on Bouchard's net worth.

Biography

Birthdate: 1949
Family: Married, 4 children
Education: Royal Military College of Canada

Alain Bouchard was born in Chicoutimi in Canada's region of Quebec in 1949, according to his Canadian Club profile. He worked as a store manager of a Beckers corner store in 1968 before working for Canadian retailer Provigo where he helped to open more than 70 outlets, according to a November 2012 article in the Financial Post.

He opened his first convenience store in 1980 and bought 11 stores operating under the Couche-Tard brand in 1985. Further store purchases followed and by 2000 Couche-Tard was the biggest Canadian convenience store chain, according to its website. The acquisition of Circle K Corporation from ConocoPhillips added stores worldwide and by 2016 the company had about 8,000 stores in North America, according to its website.

Bouchard stepped down as chief executive officer in 2014 and remains chairman. The billionaire is married and has four children.

Milestones
  • 1949 Alain Bouchard is born in Chicoutimi, Quebec.
  • 1980 First convenience store is opened in Laval, Quebec.
  • 1986 Network of stores is renamed Couche-Tard.
  • 1997 Acquires C-Corp Inc., adding 245 Provi-Soir stores in Quebec.
  • 2001 Enters U.S. market with Johnson Oil Company acquisition.
  • 2007 Concludes sale and leaseback transaction with Cole Capital for $131.4 million.
  • 2012 Bouchard is named Canada's Outstanding CEO of the year.
  • 2016 Buys Ireland's Topaz Energy Group.