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The Eaton family of Toronto , Ontario , Canada , were owners of the Eaton's Department Store s, a national chain that was founded in 1869 , and went bankrupt in 1999 . They have been called "Canada's Royal Family" and have been noted for their extremely lavish lifestyles for over a century. At the family's height, their net worth was around $2 billion. Today, after the store's demise, "The Boys"—John, Fred, Thor and George—are worth around $450 million collectively. They and their wives and children still hold prominent positions in Toronto's business and social circles.