Man charged with 1975 murder of woman found in Ontario river, Canadian missing in Fiji amid reports of tourist vanishing from resort, Canada's 'grocery rebate' doesn't deal with underlying affordability problems: expert, First Canadian trial successfully uses phage therapy to stop life-threatening UTI caused by superbug. David Thomson was born on June 12, 1957 in Toronto, Ontario, Canada as the first child of Marilyn and Kenneth. Here are the Canadians on Forbes latest list of the worlds richest people and where they rank: {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}, Alibaba sees more China-Hollywood deals after its Green Book Oscar win, Jeff Bezos now richest in world, as David Thomson tops Canadian billionaires. The family's outside investments are owned by closely held investment company called Woodbridge, which Thomson controls with his brother Peter. port strike enters day five, with talks deadlocked over maintenance, Ottawa to suspend advertising on Facebook, Instagram in ongoing disagreement over Online News Act, Quebecor pulls all its ads from Facebook and Instagram, Nearly 2,000 Air Canada flights delayed, cancelled over long weekend, CBRE report says office vacancy rate in Q2 rose to highest level since 1994, 81-year-old charged with murder in 1975 Ontario cold case, Pedestrians stuck in St. Thomas, Ont. Toronto's richest family made more than $8 billion throughout - blogTO According to a lengthy 2006 profile in Macleans with the headline Canadas Rich, Troubled Thomson Family, Thomson was a shy, sensitive boy, suspicious of others motives. There is always something that people want, and I have not figured out why, he told James FitzGerald in Old Boys: The Powerful Legacy of Upper Canada College. Should you pay the CRA with your credit card? Age: 83 Forbes has ranked the world's richest people and a few Canadians have made the list. David Thomson took over as chairman of the Thomson Corporation following his father Kenneth's death in 2006. Christopher Cannon, Dean Halford, Brittany Harris and Julian Burgess. The Thomson family controls a media company that was started by Roy Thomson, David's grandfather. All rights reserved. But David Thomson was a born billionaire, born into a family whose net worth is $49 billion. Later, in 2014, Thomson began a relationship with Sotheby's employee Severine Nackers; together, they have two daughters named Ottilie and Elodie. [12] Other measurements and rankings of net worth Statistics Canada Kenneth's eldest son, David K. R. Thomson, took the reins of the family fortune on his father's death in June 2006. If you don't see it, please check your junk folder. Canada's richest people 2022 | Statista When PokerStars was sold to The Stars Group in 2014, Mark became one of the richest people in Canada, with an estimated net worth of $2.9 billion. He was anointed the third-generation standard-bearer by his grandfather Roy, who had launched the Thomson empire and multi-billion-dollar fortune in the 1930s with radio stations and newspapers in northern Ontario. people. A real collector will rarely sell a work unless he can replace it with something even greater that has more personal meaning. Ones heart breaks for the billionaire boomer, who has walked through so many open doors, only to find the door to his favourite John Constable painting shut. Coming in second is Galen Weston Jr. and their family with a net worth of $13.4 billion, followed by Jim Pattison with $10.5 billion. Such absurd wealth hides in the shadows. Courtesy Thompson Corp. Thomson is tall and lean, with sandy hair, and eyes described depending on the writer as frigid blue and a shade of Arctic blue. He reportedly wears knee-length cargo shorts year-round, including to his Toronto office. Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Did you like this article? Osmington is a partner in True North Sports and Entertainment, the entity that owns the NHL's Winnipeg Jets. The family's biggest holding: more than 320 million shares of Thomson Reuters, where Thomson serves as chairman. He is the co-founder of several successful startups, including Hootsuite and Shopify. Thomson has broken records with his art purchases. Part of a group that buys NHL Atlanta Thrashers, relocates to Winnipeg. Theyre more industrious, theyre smarter, and they have better skin. David Thomson at a Thomson Corp. annual meeting in 2006. Thomson rarely gives interviews, maintains a low public profile, and when he is quoted in the media, it is often a negative comment about the business world. But the wealth of Thomson Reuters doesnt emanate from the instinctual brain of David Thomson, it comes from the labour of its 24,000 employees. The majority of Thomson's fortune is derived from Woodbridge, an investment firm that manages the family fortune originated by Canadian media magnate Roy Thomson. Who's David Thomson? Forty-six Canadians ranked among Forbes annual list. Bezos seized the top ranking for the first time and has the added distinction of becoming the first person to break the US$100 billion barrier since Forbes began compiling its list in 1987. The 63-year-old Chinese businessman Huang Chulong has a 4.4 B net worth, ranking tenth among Canada's wealthiest individuals. Photo by Peter Redman/National Post files. Thomson himself is known for his somewhat unorthodox lifestyle compared to other wealthy businessmen, keeping a very low profile. Forms Osmington, a real estate firm held outside of family firm. David Thomson has never been on television, never held a press conference, and has given only a few interviews in his life. Thomson is a co-chairman of Woodbridge, the investment firm that controls Thomson Reuters. One of the richest billionaires in Canada, David Cheritron made his fortune by making an early investment in Google. Canada's Richest People: 20 of the Richest Families in Canada - Slice.ca Macleans interviewer Peter C. Newman describes Thomson in super-human terms: burdened with an original mindthere is a touch of extrasensory perceptionand the brain cells almost audibly start churning. Billionaires are apparently mystical geniuses, which justifies the fact that their net worth is equivalent to not one, not two, not ten, but tens of thousands of working class people. (David Paul Morris/Bloomberg) According to that measure, the Thomson family is worth 94,479 times more than the median Canadian family ($49 billion vs. $514,400). To contribute to the conversation, you need to be logged in. David's share also includes proceeds from land sales associated with Osmington, his real estate company. Help us produce more like it by donating $1, $2, or $5. That makes him the countrys eighth richest person, ahead of Montreals Stephen Jarislowsky (net worth: $11.7 billion) and behind Vancouvers Chip Wilson ($12.1 billion). Rankings are based on Forbes global index and all estimated net worth figures are in U.S. dollars. In 1984, he bought Turner's "Seascape: Folkestone" for a record 7.3 million; the following year, he bough Rembrandt's "Christ Presented to the People" for a record 561,000. Most of Bezos' fortune is tied up in Amazon stock, which soared 59 per cent during the period tracked by Forbes. He currently serves as executive vice-chairman of the company. 2023 Forbes Media LLC. The reclusive Thomson is probably most known for his world-class art collection and the gossipy details of his divorces. Please try again. But the math behind the myth doesnt add up. David Thomson lives in Toronto where he guards his privacy closely. The report found Canada's 44 wealthiest people, all billionaires, grew their wealth by a total of $53 billion between April and October of this year. While millions across Canada face financial precarity, and have struggled through COVID-19, the Thomson family's net worthhas increased by $18 billion since the start of the pandemic. Getty Images 2 / 20 The Weston Family James Irving has a net worth of $10.9 billion as of 2020, making him the richest person in Canada. Thomson, heir to the Thomson media empire, owns a smaller stake in his family's investment company than previously reported. Woodbridge also has billions of dollars in closely held investments. The company has since become one of the largest dairy producers in the world, with operations in Canada, the United States, Argentina and Australia. Sign up for our weekly email newsletter delving into climate science and life on a changing planet. See also: The 20 wealthiest skateboarders in the world. Net Worth: $4.5 B He is also a major donor to charitable organizations, including hospitals and arts organizations. 50 Wealthiest Canadians Here are the top earners, complete with their amassed net worth and how they made their fortune. But who is not the real man? Thomson, through spokesman for Thomson Reuters David Girardin, didn't respond to requests for comment. Working class people are blamed for inflation by asking for higher wages, shamed for welfare or social assistance, and ridiculed for acquiring necessities during the fearful early days of the pandemic, but the real hoarders are almost invisible. You are telling me? David Thomson is the Chairman of the Thomson. The number of Canadian billionaires on Forbes annual rich list remained nearly the same this year, even as 11 per cent of last years members fell off the annual list. . Apr 11, 2023, 12:36 PM Updated Thomson Reuters. What Happens if You Fail a Class in College? Get email updates from your favourite authors. "Presumed human remains" were among the debris and evidence recovered from the seafloor where the doomed Titan submersible's remnants were found, the US Coast Guard said Wednesday. This advertisement has not loaded yet, but your article continues below. The next issue of Financial Post Top Stories will soon be in your inbox. David Thomson Total net worth: $8.68 billion Year-to-date change: +$293 million Taylor Thomson Total net worth: $8.68 billion Year-to-date change: +$288 million Peter Thomson His two daughters, Audrey and Irma, received 33% and 23%, respectively, according to a person familiar with the family's assets who asked not to be identified because Woodbridge is closely held. Net Worth: $3.3 B Jenny Craigs relaunch after being purchased by Wellful follows a surge in diabetes drugs like Ozempic being used for weight-loss purposes. He studied at the University of Waterloo, where he met his future business partner, Mike Lazaridis. David Thomson - Narcity The absurd wealth of Canadian billionaire David Thomson In one of the stranger quotes in the Macleans interview, Thomson says, I become excited at the thought of measuring myself in varied situations, alongside Wellington in India, or being in a fighter aircraft attacking a formation of bombers and being vastly outnumbered. According to Forbes list of the worlds billionaires for 2020, Tsai has a net worth of $11.9 billion, up from $10.8 billion last year. Instead of being a lazy billionaire playboy, David has spent decades working extremely hard both in school and in business to help expand his family's empire and prove his own worth a media tycoon. The CEOWORLD magazine Quarterly Rich List 2020 has revealed Canada's wealthiest people. In 2008, David led the acquisition of Reuters to form the merged conglomerate Thomson Reuters. Net Worth: $7 B Thomson has had a prolific love life. Share your thoughts and join the conversation in the comments. Thomson Reuters sales reach $12.6 billion for the year. Visit our Community Guidelines for more information and details on how to adjust your email settings. Source: Real Estate converted to U.S. dollars at current exchange rates Read Read more about cookies here. Daily puzzles, including the New York Times Crossword. In a rare interview Thomson granted to Macleans Magazine in 2002, the aristocrat downplayed the importance of work in favour of instinct: In the end, judgment and instinct are still the elements of great success. A peek into the mysterious, 'reluctant' head of Canada's richest family, CRA, ex-wife get paid before man's creditor after matrimonial home is sold, Ukraine nuclear tensions rise as U.S. radiation detector ready, Matthew Lau: Having run its schools into the ground, Ontarios government takes on other challenges, RRIF withdrawal rules for retirees need to be updated, Ontario urged to act as housing crisis spreads from cities to communities across province. We ask you to keep your comments relevant and respectful. These Are The Richest People In Canada In 2023 & How They - Narcity The Westons got their start in the grocery business in 1882 when Galens great-grandfather, George Weston, opened a bakery in Toronto. . This should not come as a surprise since he seems to tire easily. Most visible is the public Thomson Corp., a $28.7-billion global digital media empire administered from Stamford, Conn., with electronic databases in law, health care, science, accounting and education. Following this, he worked in various positions for companies controlled by his family, including the department store chains Hudson's Bay and Zellers. David Thomson, chairman of media and publishing group Thomson Reuters Corp., is again the wealthiest Canadian and ranks 27th globally with a net worth of US$32.5 billion. Forty-five Canadians made Forbes annual rankings of the worlds richest people, compared to 46 in 2018. 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As the prototype 21st century global executive, David Thomson embodies the absurdities of capitalism: his net worth of $8 billion is 23,371 times the net worth of the median Canadian ($329,900). Ontario family worth $53.5B ranked as one of the world's richest - blogTO Each net worth figure is updated every business day after the close of trading in New York. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. David and his two siblings, Peter and Taylor, each received 14% of Woodbridge. Amazon.com Inc. Chief Executive Officer Jeff Bezos is again No.1 in the world with a net worth of US$131 billion, though terms of his divorce from wife MacKenzie have not been disclosed. The pros and cons of sharing your salary with coworkers. In 1999, he teamed up with Jack Ma to found Alibaba, now one of the worlds largest online retailers. The Weston family is worth an estimated $15.6 billion, making them the countrys richest billionaires for 2020. Not surprisingly, he did not return a voice message, left at his Woodbridge office, requesting an interview for this story. David Thomson, Jim Pattison, Changpeng Zhao, David Cheriton, Joseph Tsai, Anthony von Mandl, Mark Scheinberg, Chip Wilson, Alain Bouchard, Hulang Chulong who the hell are these men (other than the top ten richest people in the country)? The absurdity is only heightened if we compare the Thomson family to the median Canadian family. Net Worth: $5.5 B Thomson has a diverse art portfolio reported to include pieces from Pablo Picasso and the world's top collection of English romantic painter John Constable. Newman wondered if Thomson could survive his own intensity, and pointed to the quote Thomson chose to accompany his photo in the 1975 Upper Canada College yearbook as a possible sign of self-awareness on that point. Subscribe now to read the latest news in your city and across Canada. David Cheriton Net Worth: How Much is the Canadian Billionaire Worth? Kenneth Thomson, 2nd Baron Thomson of Fleet - Wikipedia They've nearly doubled their wealth since 2015, going from a net worth of $25.5 billion to $53.5 billion . We apologize, but this video has failed to load. David Thomson is Canada's wealthiest on Forbes' rich list, again Now it's Jung Kook's turn. SAN FRANCISCO -- Amazon CEO Jeff Bezos has become the first US$100 billion mogul to top Forbes' annual rankings of the world's richest people. Photo by Kevin King/Winnipeg Sun/Postmedia Network files. He is also a major philanthropist, and he has given millions of dollars to charity over the years. In 2020, he was listed as the wealthiest person in Canada. and each individual billionaire profile contains a detailed analysis of how that person's fortune is tallied. Tsai, born in Taiwan, holds a Canadian passport. The company expanded aggressively into the United Kingdom before going public in 1965 Today the Thomsons are far and away the richest family in Canada. He is a part owner of the NHL's Winnipeg Jets, and his family's holding company has a minority stake in the Montreal Canadiens. Origins of Wealth: Revealing the Sources of Canadian Billionaires Fortunes. The popular myth thats perpetuated over and over to justify the existence of billionaires is that they are on a different plane than us plebs. His fortunes have consistently ranked him among the world's billionaire elite, a testament to his astute business acumen and the continued success . $2.5 billion, according to our most recent tally. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Cheriton was born in England, but he moved to Canada when he was young. Perhaps Thomson's philosophies about life can best be summed up by this quote taken from a 2006 New York Times interview: "When you try to live a more balanced life, traditional businessmen think that you are not a real man. David Thomson, 3rd Baron Thomson of Fleet - Wikipedia With a net worth of US$9.5 billion, Alibaba Group Holding Ltd. Vice Chairman and Co-Founder Joseph Tsai is the second wealthiest Canadian and 147th in the world. However, Thomson ended up selling both masterworks during the financial crisis in the 80s. Source: Cheese He then received his BA and MA in history from Selwyn College at the University of Cambridge in 1978. Last year, Thomson ranked 32nd globally. You arent considering all the beautiful externalities that billionaires bring into the world, they object: the jobs, the innovation, the toxic chemical waste, and so on. Coming in second is Galen Weston Jr. and their family with a net worth of $13.4 billion, followed by Jim Pattison with $10.5 billion. Yet, only one of them can call himself a baron. Its true that without the Thomson family we would not have the oddly shaped eyesore that is Roy Thomson Hall. Huang Chalong is a Canadian billionaire who made his fortune in the tech industry. Canada's Most Trusted News. Forbes Billionaires List Ranks Canadian David Thomson (And - HuffPost Thomson continued to set new records with his art purchases in the 21st century. Stakes in publicly traded companies are valued using the share's most recent closing price. Download the CTV News app now. Roy Thomson purchases a radio station in North Bay, Ontario. Mark Scheinberg is the son of Isai Scheinberg, the founder of PokerStars. The combined wealth of the top 46 [] Niantic, the maker of Pokemon GO, on Thursday announced its second round of layoffs over the past 12 months, making it the latest major U.S. company to conduct layoffs this year, following major . For a start, perhaps we could impose a modest wealth tax or an inheritance tax? He is an art collector who is rumored to own pieces by Pablo Picasso. But President Donald Trump's fortune sank during his first year in office despite a surging stock market. OTTAWA, June 22 (Reuters) - Meta Platforms Inc (META.O) plans to end access to news on Facebook and Instagram for all users in Canada once a parliament-approved . The winery quickly became one of the largest in Canada, and von Mandl himself became a prominent figure in the Canadian wine industry. David Thomson is the richest man in Canada, with a net worth of $25.5 billion as of 2020. Canada's Rich, Troubled Thomson Family - The Canadian Encyclopedia Thus David Thomson inherited part of a family fortune, his grandfathers hereditary British peerage (Baron Thomson of Fleet), and the responsibility of being the public face of the family, even if the familys investments were guided by professional managers. 45 Canadians make Forbes billionaires list | CTV News Although Trump is part of that elite group, he saw his fortune sink by about US$400 million to US$3.1 billion during his first year in office. His son has been named his eventual successor at Thomson Reuters. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. A cousin, Sherry Brydson, the only child of Irma, owns about 23%. How David Thomson Became The Richest Person In Canada, How The Thomson Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $30.9 Billion. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Submit a correction suggestion and help us fix it! Each heir evenly split their share in Woodbridge among their children, the source said. Thomson subsequently dated actress and former model Kelly Rowan, with whom he had a daughter. In 2008, they merged with famous media company Reuters to form Thomson Reuters, which continues to be a big part of the information world to this day. How To Practice Self-Care And Slowing Down As A Mompreneur, Players With Expiring Contracts Are Most Likely To Be Traded By Aug. 1. David Thomson with works by Lawren S. Harris in the Thomson Canadian Gallery at the Art Gallery of Ontario in 2008. The Thomsons are one of the wealthiest families in Canada, and theyre only getting richer. Two years later he bought the Timmins Press, a newspaper in Ontario. Bezos has used a sliver of his wealth to buy The Washington Post -- a target in Trump's fusillades against the media -- and to finance Blue Origin, a maker of rockets that aim to sell flights into space. The information you requested is not available at this time, please check back again soon. While millions of Canadians lost their jobs because of the COVID-19 pandemic, the countrys top 20 billionaires have amassed an average of nearly $2 billion each in wealth during six of the most economically catastrophic months in Canadian history, for a combined total of $37 billion. As Canadas economy continues to grow, so too does the wealth of its richest citizens. Federal regulators utilize the 'social cost of carbon' to estimate the benefits of global warming regulations. David Thomson is the head of the richest family in Canada, with a personal net worth of $8 billion. 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Thomson, as the first-born son of the third generation, followed the path of his father, Ken, whod taken over the family mantle after Roys death in 1976. He owns 14% of the Ontario-based company, whose assets include a two-thirds stake in Thomson Reuters, a provider. This places Thomson in the pantheon of gut players who think their gut can tell them more than anybody elses brain. Each of Audrey's three children, Linda Campbell, Susan Grange and Gaye Farncombe, received 11%. The average net worth among Canadas richest billionaires is $8.1 billion, up from $6.9 billion in 2019. Peter C. Newman called Thomson the reluctant heir. The most private of men, David cultivates a mysterious presence. The firm invests heavily in the precision agriculture company FarmersEdge, and is also a partner in True North Sports and Entertainment. Amid the business of life as a mompreneur, few things are more important than finding time for self-care and slowing down. Toronto's 50 Most Influential: #22, David Thomson. Canada's Billionaires - Forbes Taylor Swift Adds 14 Shows To The Eras Tour In Europe, UK, Cocaine Found In White House Near Area Accessible To Tour Groups, Why The Social Cost Of Carbon Can Not Be Used In Cost-Benefit Analysis, BTSs Jung Kook Made A Name For Himself In 2022. In 1956, Garfields son George founded Loblaw Companies Ltd. with a single store in Toronto. David Thomson looks up at his father Ken Thomson at the Thomson Corporation annual general meeting in May 2000. The discovery of a white powdery substance in the West Wing prompted a brief evacuation Sunday evening. Source: Media Outside of Woodbridge, David controls personal investments through closely held Osmington, a real estate company. Submit a correction suggestion and help us fix it. Industries: Food & Beverages. Money does not open every door. His net worth also includes his inheritance that he was born into (extracted from a previous generation of workers), and the investments he makes in art and businessnot his overinflated corporate salary to reward the executive decisions he makes while sitting surrounded by overpriced art. Changpeng Zhao . He moved to Canada in 1981 and founded Mission Hill Winery with his brother Michael in 1992. Hes the best-known of the notoriously private Thomson family, and yet little is known about him. Overview Thomson is a co-chairman of Woodbridge, the investment firm that controls Thomson Reuters. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. On Forbes' Real Time Billionaires list, David Thomson and his family are in 22nd place.