David Thomson Net Worth: Career & Lifestyle

David Thomson
David Thomson (Source: Wall Street Journal)

One of the biggest hereditary peer and media magnates, David Thomson’s net worth is $32 billion.

He is the Chairman of Woodbridge, a Thomson family investment firm, and The Globe & Mail Inc., a Canadian media corporation.

David Thomson
David Thomson (Source: Celebrity Net Worth)

The Thomson family built a multibillion-dollar empire with radio stations and newspapers in northern Ontario in the 1930s.

Recently, the Thomson family has been crowned the wealthiest family in Canada.

David Thomson | Quick Facts

Let’s delve into the personal details of the iconic David Thomson.

Full Name David Kenneth Roy Thomson
Celebrated As David Thomson
Date of Birth June 12, 1957
Place of Birth Toronto, Canada
Age 64 Years Old
Nationality Canadian
Ethnicity  Not Known
Gender Male
Horoscope Gemini
Religion Christianity
Father Kenneth Thomson
Mother Nora Marilyn Lavis Thomson
Relationship Status Married
Height 182 cm/1.82 m/6’1″
Weight 62 Kg/136 lbs.
Eye Color Blue
Hair Color Blonde
Education Upper Canada College, Selwyn College, Master of Arts, University of Cambridge
Profession Businessman, Media Magnate
Net Worth $32 Billion
Last Update May 2022

David Thomson | Net Worth and Income

David Thomson is one of the richest people globally and the richest in Canada, with a net worth of $32 billion as of May 2022.

Thomson established Osmington Incorporated, a real estate business owned and operated independently of the Thomson empire.

This is the reason he is the wealthiest of all Thomson family members.

However, David’s involvement with family-owned businesses has mostly defined his business career.

In 2010, the business sold a $336 million investment in eight retail locations to the Canada Pension Plan.

In Ontario, Canada, the corporation controls two-thirds of the publicly traded financial data and services providers, generating $6.3 billion in sales in 2021.

He holds around 14% of Woodbridge’s assets, with the balance held by his relatives.

David bought Reuters for $17 billion and added the global newswire to his financial data division, making it the largest purchase.

According to Forbes, Thomson Reuters, which Thomson chairs, is the family’s most significant stake, with over 320 million shares.

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Net Worth of David Thomson in Different Currencies

Here is what David Thomson’s net worth looks like in different currencies:

Currency Net Worth
Euro € 28.87 Billion
Pound Sterling £ 24.35 Billion
Australian Dollar A$ 42.72 Billion
Canadian Dollar C$ 39.96 Billion
Indian Rupee ₹ 2428.60 Billion
Bitcoin ฿ 690,655

David Thomson | Houses and Cars

Houses

As of May 2022, David Thomson’s net worth is a staggering $32 billion.

Thomson lives in the Rosedale neighborhood of Toronto, Ontario, in a private apartment with an underground art gallery.

The interior is split into several tiny rooms with beautiful fireplaces, carved wood accents, and molded plaster ceilings.

The Thomson House is a popular and beautiful gathering area for graduate students, with study lounges, conference rooms, restaurants, bars, and a recently purchased terrace.

The building was named after David L. Thomson, a founder of the Post-Graduate Students’ Society. This society still inhabits the house today.

Moreover, David also has many houses in London. His three children live there.

Additionally, he bought the Geary House on Park Rd., a unique yellow-brick mansion in Rosedale, in the 1980s and commissioned a comprehensive repair.

Thomson family used to own very antique buildings during the early years of the century.

Cars

The billionaire Canadian is highly interested in owning automobiles. David holds a posh collection of high-end cars.

David Thomson has a Triumph TR3A from the 1960s and a Ferguson TEA20 tractor from 1949.

He has a full-size luxury SUV, the Rolls Royce Cullinan, which costs $400,000.

Furthermore, David also has other high-end automobiles, such as a Talbot 105 Alpine replica, the most expensive car in the garage.

Additionally, David was seen driving a 1970 Mercedes 280SL.

His passion for fast automobiles led him to purchase a Ferrari 458 Italia.

Above all, his garage alone must be worth millions, with such exquisite rides.

David Thomson | Lifestyle & Vacations

David Thomson’s net worth as of May 2022 is a massive $32 billion.

Thomson’s life is full of color and vibrancy.

David Thomson
David Thomson (Source: SaltWire)

He is delighted to be a member of the Christian community. He also worships the God and participates in all festivals.

David graduated from Selwyn College, Cambridge, with a Bachelor of Arts degree in history in 1978.

He went to Upper Canada College and the Hall School as a kid.

Thomson has been married more than once in his life. He is a proud father of three children.

His first wife, Mary Lou La Prairie, had two daughters: Thyra Nicole and Tessa Lys.

Thomson has a son named Benjamin with his second wife, Laurie Ludwick.

Moreover, Thomson has a deep love for the arts. He boasts an extensive collection of art pieces by some of the famous artists.

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David Thomson | Charity

David Thomson is one of the world’s most giving personality.

Thomson donated a huge percentage of Thomson Reuters, a global news and information services corporation tо сhаrіtаblе оrgаnіzаtіоnѕ.

David’s efforts have aided several people in need and inspired others to participate in philanthropic activities.

Moreover, David donated more than $276 million to the Art Gallery of Ontario’s renovation.

He pledged the money to the leading Canadian newspaper to benefit people affected by the lockdown and COVID-19.

David Thomson always arranges talks and charities to enhance media freedom, develop more inclusive economies, and promote human rights.

Similarly, he provides money to several orphanages and often finances the education of needy scholars.

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David Thomson | Business and Art collection

Business

Thomson began his business career as a junior associate at Toronto’s McLeod Young Weir.

He was the president of Zellers, a cheap department store retailer, and The Bay’s Etobicoke location manager.

Thomson became chairman of Thomson Reuters after overtaking Reuters in 2008.

Reuters was a mediocre amalgamated business, and today, we all know what is the status of this company. All thanks to David and his business mind.

He is also a partner of True North Sports and Entertainment, which owns the Winnipeg Jets of the National Hockey League and the Bell MTS Place in downtown Winnipeg.

According to a strategy set decades ago by Thomson Corporation founder Roy Thomson, his financial activities are managed through a Toronto hedge fund.

Moreover, he has made a large investment in FarmersEdge, a precision agriculture company.

With the increasing revenue of each of his businesses over the years, David Thomson’s net worth is only going to increase more.

Arts Collection

The richest man in Canada, David Thomson’s net worth is an enormous $32 billion.

Thomson is a well-known art collector who possesses the world’s greatest collection of paintings and sketches by John Constable, an English painter.

His art collection includes works by Hammershoi, Edvard Munch, Paul Klee, Patrick Heron, Joseph Beuys, J. M. W. Turner, and Egon Schiele.

At the age of 19, he purchased his first Constable sketch, exchanging an oil painting for “quite a lot of money.”

Thomson and his father spent $76.7 million in 2002 on Rubens’ “Massacre of the Innocents,” which is currently the centerpiece of the Thomson Collection at the Art Gallery of Ontario.

David Thomson | Career

David Thomson is the Chairman of the Thomson Reuters Corporation and a Canadian businessman.

Thomson started his career as a junior associate at McLeod Young Weir in Toronto.

The family also controls Toronto’s Globe and Mail newspaper and has a stake in telecommunications behemoth Bell Canada.

He highlighted dissatisfaction working in the family firm after Thomson Reuter sold a majority share in its banking sector. He began to concentrate on his own art and real estate endeavors.

David being the richest person in Canada, is the brand ambassador of Canada Business to the world.

Interesting Facts About David Thomson

  • He is a well-known art collector who is said to have the world’s largest collection of John Constable paintings.
  • Carleton University (1994), the University of British Columbia (2002), and Simon Fraser University have awarded Thomson honorary doctorates (2003).
  • After his father died on his 49th birthday, June 12, 2006, he became the 3rd Baron Thomson of Fleet.

FAQs

Who is the first Baron of Fleet?

Roy Thomson is the first Baron of Fleet. He is the grandfather of David Thomson and the father of Roy Thomson.

Was McGill University building the property of the Thomson family?

Yes indeed. The Thomson family sold one of the most well-designed houses to McGill University for $378,000 in January 1968.

How did David Thompson get rich?

Thomson and his family control a media and publishing company founded by his grandfather Roy Thomson. The family’s largest holding: more than 320 million shares of Thomson Reuters, where Thomson serves as chair.

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