Rai Sahi

Early life

Sahi was born in Pakistan before India was partitioned into two countries, and his family fled to India after the split. He later moved to Canada in 1972. Little is publicly known about his birth, family, and life in India before came to Canada.

He holds a Bachelor of Science in Electrical Engineering from Punjab University in India, a Master of Science in Engineering from the University of Saskatchewan, and an MBA from the University of Ottawa.

After starting out as a laborer in Montreal, K. Rai Sahi went on to establish CF Kingsway Inc., which became Canada’s third-largest trucking business. He then expanded into manufacturing and real estate, ultimately becoming one of the most prosperous Indo-Canadians in the country.

Sahi holds a Certified General Accountant designation and is a member of the Certified General Accountants of Ontario. In recognition of his accomplishments, the Certified General Accountants Association of Canada conferred upon him a fellowship designation (FCGA) in 2009.

Career

Kuldip Rai Sahi, also known as K. Rai Sahi, and just Rai Sahi, is the CEO and chairman of Morguard Corporation, which is one of Canada’s largest real estate companies. He is also the CEO and chairman of ClubLink Enterprises Limited, which is Canada’s largest owner and operator of member golf clubs.

Sahi is a prominent figure in the Canadian business world, serving as the CEO and chairman of Morguard Corporation, one of the country’s largest integrated real estate companies. Under his leadership, Morguard has amassed a staggering $19.5 billion in real estate assets, encompassing 200 commercial, residential, and hotel properties spanning from Ontario to Illinois.

Sahi is also the head of TWC Enterprises, the largest owner and operator of golf clubs in Canada through its subsidiary ClubLink Enterprises Limited.

Sahi’s journey to success in the business world began when he immigrated to Canada from India at the age of 24. He started his career by selling insurance door to door, demonstrating his work ethic and determination to succeed. Through hard work and perseverance, he eventually rose to become one of the most influential figures in Canadian golf, earning recognition as the eighth most influential figure in Canadian golf in 2009 by The National Post’s Robert Thompson, ranking behind notable golfers such as Mike Weir and Stephen Ames.

According to Diane Francis, the editor-at-large for the National Post, in her book “Who Owns Canada Now: Old Money, New Money and The Future of Canadian Business,” Sahi is highlighted as an illustration of the “democratization of ownership in Canada from a country in 1986 owned by a few dozen rich families and conglomerates to hundreds of wealthy Canadian families, gigantic pension or mutual funds and millions of Canadian investors.” Additionally, Sahi has been characterized as “the closest thing to a Wall Street raider that you’ll find in Canada.”

In 2009, he was recognized as one of the top 25 most influential figures in Canadian golf by Robert Thompson of The National Post, ranking eighth on the list which included notables such as golfers Mike Weir and Stephen Ames.

Under his leadership, Morguard has received numerous accolades, including being named one of Canada’s 50 Best Managed Companies for 10 consecutive years, as well as being named one of Canada’s Top 100 Employers.

Morguard Corporation’s real estate portfolio includes a range of properties such as retail, office, industrial, and residential holdings. They have achieved this through their real estate holdings as well as their investment in Morguard Real Estate Investment Trust (REIT).

ClubLink Enterprises, a subsidiary of Morguard, operates in two distinct business areas, namely golf club and resort operations, and rail, tourism, and port operations. The company is the largest owner and operator of member golf clubs in Canada, with over 40 golf courses across Ontario, Quebec, and Florida. Additionally, its subsidiary White Pass is responsible for running rail, tourism, and port operations based in Skagway, Alaska.

Net Worth

His net worth is an estimated $1.2 billion as of 2023.

Achievement

• Sahi was one of the seven Indo-Canadians to receive the Voice Achievers Award in 2009 for their exceptional achievements in various fields, including film, trade, medicine, literature, and sports. Additionally, in 2007, Sahi was appointed to the board of directors of the Canadian Broadcasting Corporation.
• He has received several awards for his work in the real estate industry, including the Ernst & Young Entrepreneur of the Year Award in 2011, the Order of Ontario in 2015, and an Honorary Doctor of Laws degree from the University of Saskatchewan in 2017. He has also been inducted into the Canadian Business Hall of Fame.
• In 2016, he was inducted into the Canadian Property Management Hall of Fame, which recognizes individuals who have made significant contributions to the property management profession in Canada. Additionally, in 2017, he was named one of Canada’s Top 100 Most Powerful People in Real Estate by Canadian Business magazine.