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Warke
R
Rank #2835
CANADA•Metals & Mining•Mining

Richard Warke

Net Worth
$1.312B
-1.25% (24h)
Richard Warke is a Canadian billionaire businessman with over 35 years of experience in the international resource sector. He is the Chairman of the Augusta Group of Companies, which has a strong track record in the mining sector. Warke has founded and led several successful resource companies, including Ventana Gold Corporation, Augusta Resource Corporation, and Arizona Mining Inc., which were sold for significant amounts. He is also a partner in Fenway Sports Group, which owns the Boston Red Sox and Liverpool F.C.. As of March 2026, his estimated net worth is $1.7 billion.

How to read Richard Warke's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Richard Warke, we anchor the narrative to Mining and Mining, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $1.312B alongside global rank #2835, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (CANADA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life and Military Service

Richard William Warke was born at Canadian Forces Base Camp Borden in 1949. Warke started off in the Air Arm in the Canadian military as a Boy Soldier. He spent time in the Air Arm and later joined the Army.

Rise to Success

Warke's career in the mining industry spans over 30 years, marked by significant achievements. In 2005, he founded the Augusta Group of Companies, a conglomerate of public and private businesses, including Titan Mining Corporation, Armor Minerals Inc., and Solaris Resources Inc.. Warke founded Ventana Gold Corporation in 2008, discovering the La Bodega gold deposit in Colombia, which was later sold for $1.6 billion in 2011. He also founded Augusta Resource Corporation in 2014, which was sold to HudBay Minerals Inc. for C$666 million. Furthermore, in 2017 Warke co-founded Equinox Gold, which has become a mid-tier gold producer.

Key Business Strategies

Warke is known for generating value through pioneering transactions, early-stage investing, and rapidly advancing projects with access to capital. His ability to build and manage successful companies, coupled with his strategic investments in the mining sector, has been key to his success. Warke's focus on assembling dedicated and skilled management teams has also contributed to his accomplishments.

Philanthropy

Richard Warke is a Member of the Memorial Sloan Kettering Leadership Council, supporting one of the world's leading cancer institutions and advancing world-class research, patient care, and medical innovation.

Career Timeline

2025

Sold Augusta Gold

Sold Augusta Gold to AngloGold Ashanti for $200 million.

2018

Sold Arizona Mining Inc.

Sold Arizona Mining Inc. for approximately C$2.1 billion.

2017

Co-founded Equinox Gold

Co-founded Equinox Gold, which grew to become a mid-tier gold producer.

2014

Sold Augusta Resource Corporation

Sold Augusta Resource Corporation for approximately C$667 million.

2011

Sold Ventana Gold Corporation

Sold Ventana Gold Corporation for approximately C$1.6 billion.

2005

Founded Augusta Group of Companies

Established a group of public and private companies focused on the mining sector.

Philanthropic Impact

Medical ResearchInformation not found

Memorial Sloan Kettering Leadership Council

Supports cancer research and patient care.

Key Business Ventures & Holdings

CompanyStakeValue
Titan Mining Corporation53.69%$0.21M
Highlander Silver Corp.20.56%$0.209M
Armor Minerals Inc.88.55%$0.037M
Solaris Resources Inc.1.10%$0.02M

Net Worth History

In-Depth Analysis

Early Life and Military Service

Richard William Warke was born at Canadian Forces Base Camp Borden in 1949. Warke started off in the Air Arm in the Canadian military as a Boy Soldier. He spent time in the Air Arm and later joined the Army.

Rise to Success

Warke's career in the mining industry spans over 30 years, marked by significant achievements. In 2005, he founded the Augusta Group of Companies, a conglomerate of public and private businesses, including Titan Mining Corporation, Armor Minerals Inc., and Solaris Resources Inc.. Warke founded Ventana Gold Corporation in 2008, discovering the La Bodega gold deposit in Colombia, which was later sold for $1.6 billion in 2011. He also founded Augusta Resource Corporation in 2014, which was sold to HudBay Minerals Inc. for C$666 million. Furthermore, in 2017 Warke co-founded Equinox Gold, which has become a mid-tier gold producer.

Key Business Strategies

Warke is known for generating value through pioneering transactions, early-stage investing, and rapidly advancing projects with access to capital. His ability to build and manage successful companies, coupled with his strategic investments in the mining sector, has been key to his success. Warke's focus on assembling dedicated and skilled management teams has also contributed to his accomplishments.

Philanthropy

Richard Warke is a Member of the Memorial Sloan Kettering Leadership Council, supporting one of the world's leading cancer institutions and advancing world-class research, patient care, and medical innovation.

Data Sources & Methodology

Figures for Richard Warke are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

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