[3][4] With an estimated net worth of US$2.7 billion (as of December 2022),[5] Edwards was ranked by Forbes as the 32nd wealthiest Canadian and 1511th in the world.

[6] Edwards has launched several major Canadian companies, including Canadian Natural Resources Ltd, Magellan Aerospace and Ensign Energy Services Inc.[7] Edwards studied at the University of Saskatchewan, graduating with a Bachelor of Commerce (great distinction), after which he obtained an LL.B from the University of Toronto (honors) in 1983.

His company, Canadian Natural Resources, plans to spend $25 billion to turn the bitumen-bearing sand found in northern Alberta into barrels of crude oil.

Edwards also owns stakes in Ensign Energy, Canada's second biggest oil services company, and Magellan Aerospace Corporation.

In the Calgary Herald’s 2015 executive compensation survey, Edwards’ 2014 earnings as chairman of Calgary-based Canadian Natural Resources Ltd. were rated fourth highest of the city’s 100 largest publicly traded companies at $12.7 million.