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Maurice Strong Net Worth

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Maurice Strong
Photo: United Nations · Wikimedia Commons · Public domain
Net Worth · StarWorth Figure
$100M
Source: Celebrity Net Worth (October 2026) · USD · Last updated 28 October 2026

Quick facts

Born1929

ProfessionEntrepreneur

NationalityCanadian

CategoryMore Stars

Background and career

Maurice Frederick Strong (April 29, 1929 – November 27, 2015) was a Canadian oil and mineral businessman and a diplomat who served as Under-Secretary-General of the United Nations. Strong had his start as an entrepreneur in the Alberta oil patch and was President of Power Corporation of Canada until 1966. In the early 1970s he was Secretary General of the United Nations Conference on the Human Environment and then became the first executive director of the United Nations Environment Programme. He returned to Canada to become Chief Executive Officer of Petro-Canada from 1976 to 1978. He headed Ontario Hydro, one of North America's largest power utilities, was national president and chairman of the Extension Committee of the World Alliance of YMCAs and headed American Water Development Incorporated. He served as a commissioner of the World Commission on Environment and Development in 1986 and was recognized by the International Union for Conservation of Nature as a leader in the international environmental movement. He was President of the Council of the University for Peace from 1998 to 2006. More recently Strong was an active honorary professor at Peking University and honorary chairman of its Environmental Foundation. He was chairman of the advisory board for the Institute for Research on Security and Sustainability for Northeast Asia. He died at the age of 86 in 2015.

Maurice Strong was a child during the Great Depression, enduring serious poverty. His father was laid off at the beginning of the Depression era and thereafter supported his family on odd jobs; his mother succumbed to mental illness and died in a mental hospital. He was born in Oak Lake, Manitoba, a town on the Canadian prairies on the main line of the Canadian Pacific Railway. He is a cousin of American journalist and activist Anna Louise Strong. Strong later said that growing up during the Depression radicalized him and that he considered himself to be "a socialist in ideology, a capitalist in methodology." He dropped out of high school at the age of 14 and did not attend university. Despite the lack of formal education, he became CEO of many companies.

In 1948, when he was nineteen, Strong was hired as a trainee by a brokerage firm, James Richardson & Sons, Limited of Winnipeg where he took an interest in the oil business, being transferred as an oil specialist to Richardson's office in Calgary, Alberta. There he made the acquaintance of one of the figures in the oil industry, Jack Gallagher, who hired him as his assistant. At Gallagher's Dome Petroleum, Strong occupied several roles including vice president of finance, leaving the firm in 1956 and setting up his own firm, M.F. Strong Management, assisting investors in locating opportunities in the Alberta oil patch. In the 1950s, he took over a small natural gas company, Ajax Petroleum, and built it into one of the largest companies in the industry, Norcen Resources. This attracted the attention of one of Canada's principal investment corporations with interests in the energy and utility businesses, Power Corporation of Canada. It appointed him initially as its executive vice president and then president from 1961 until 1966. In 1976, at the request of Prime Minister Pierre Trudeau, Strong returned to Canada to head the newly created national oil company, Petro-Canada. He was slated to stand as a candidate for the Liberal Party of Canada in Scarborough Centre in the 1979 federal election, but chose to abandon the race, returning to private enterprise to manage AZL Resources, a Denver oil promoter that he had previously acquired, where he served as chairman and was the largest shareholder. In 1981, Strong was sued for allegedly hyping the stock ahead of a merger that eventually failed. Strong settled for $4.2 million at the insistence of his insurance company. AZL merged with Tosco Corporation from which Strong acquired the 160,000 acres (65,000 ha) Baca Ranch in Colorado which would house Strong's Manitou Foundation. Strong later became chairman of the Canada Development Investment Corporation, the holding company for some of Canada's principal government-owned corporations. In 1992, he became Chairman of Ontario Hydro. Charles Lynch noted that Strong "tended to fare better than the companies and institutions that have used his talents." He was said to have become a billionaire as a result of his several ventures, but in 2010 he said that he had "never been anywhere close to being [so]."

On December 31, 1986, Strong founded American Water Development Incorporated (AWDI) which he controlled along with his associates, William Ruckelshaus, Richard Lamm, Samuel Belzberg, and Alexander Crutchfield Jr. It filed an application with the District Court for Water Division 3 in Alamosa, Colorado for the right to pump underground water from the lands of the Luis Maria Baca Grant No. 4 and other lands in Saguache County, Colorado in Colorado's San Luis Valley and sell it to water districts in the Front Range Urban Corridor of Colorado. The project was opposed by neighboring water rights owners, local water conservation districts, the Colorado Department of Natural Resources and the National Park Service who alleged the project would affect others' water rights and cause significant environmental damage to nearby wetland and sand dune ecosystems by reducing the flow of surface water. After a lengthy trial, which ended in 1992, Colorado courts ruled against AWDI and required payment of the portion of the objectors' legal fees, $3.1 million, which were spent fighting AWDI's attempt to appropriate surface water for beneficial use. While this was going on, Strong exited the company.

Maurice Strong was a director of Molten Metal Technology, Inc., an environmental technology company founded in 1989 that claimed to have innovative technology that could be used to recycle hazardous waste into reusable products. During the years 1992–1995, this innovation attracted approximately $25 million in research grants from the United States Department of Energy. Throughout the period of March 28, 1995 – October 18, 1996, (known as the "class period"), Molten Metal artificially inflated the price of their stock by materially misrepresenting the capability of its technology, namely through a series of public announcements. As of March 11, 1996 Strong owned approximately 40,000 shares of stock and another 262,000 shares were owned by a company of which Strong was Chairman. The company filed for bankruptcy and the case was settled for $11.8 million, without a ruling of wrongdoing.

Strong was sharing a house in 1947 with the first UN Treasurer, Noah Monod, who upon request arranged a UN job for him, starting as a junior security officer at UN headquarters in Lake Success, New York. He later returned to Canada, and with the support of Lester B. Pearson, directed the founding of the Canadian International Development Agency in 1968.

Sources

Net-worth figure: Celebrity Net Worth (October 2026), in USD. Biography and career facts: the person's Wikipedia article and linked reporting. Snapshot date for all StarWorth figures: 28 October 2026.

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