Among the first clients were some of the "nouveau riche" from the New World people like the Canadian tycoon, Sir Harry Oakes. After making his gold mining fortune in Northern Ontario, Oakes moved to the Bahamas in 1933 to escape what he considered to be the Canadian government's exorbitant tax bite. Other Canadians would later follow a similar path, including E.P. Taylor, the famed horse breeder who moved to the Bahamas in the 1970s; and Michael DeGroote, founder of a huge waste management corporation, who settled down in Bermuda in the early 1990s.