Basic Information About David Thomson
|Business › Billionaires
|Date of birth
|1957-06-12 (66 years old)
Net Worth Details
David Thomson, the 3rd Baron Thomson of Fleet, is a Canadian businessman, media magnate, and art collector who has a net worth of $50 billion. He is the Chairman of the Thomson Reuters corporation and his family is considered the richest in Canada. David Thomson’s career in business has largely been characterized by his work within companies controlled by his family, specializing in financial services, healthcare sectors, law, science & technology research, and tax & accounting.
What is David Thomson known for?
David Thomson is known for being a Canadian businessman and media magnate. He gained prominence as the chairman of the Thomson Corporation and later as the chairman of Thomson Reuters Corporation after its merger with Reuters Group.
Early life and education
David Thomson was born on June 12, 1957, in Toronto, Ontario, Canada. He grew up with his parents Marilyn and Kenneth, along with his siblings Taylor and Peter. He attended Upper Canada College and the Hall School during his youth.
For his higher education, Thomson moved to England to attend Selwyn College, Cambridge, where he earned a degree in history in 1978.
Thomson began his career in business as a junior associate at the financial services firm McLeod Young Weir. Later, he worked for companies controlled by his family, including Hudson’s Bay and Zellers.
However, Thomson yearned to establish his independence beyond his family’s empire. He founded Osmington Incorporated, a real estate firm that acquires and manages commercial real estate assets on behalf of shareholders. Osmington Incorporated invests heavily in precision agriculture company FarmersEdge and is also a partner in True North Sports and Entertainment.
When his father passed away in 2006, Thomson took control of the family fortune and became chairman of the Thomson Corporation. He also inherited the title of Baron Thomson of Fleet, making him the 3rd Baron Thomson of Fleet.
The Thomson Corporation merged with Reuters Group in 2007, resulting in the conglomerate Thomson Reuters Corporation in 2008. Thomson Reuters has since made numerous acquisitions and is majority-owned by the Thomson family’s holding company, Woodbridge Company.
David Thomson’s achievements extend beyond his success in business. He is widely recognized for his passion for art collection.
David Thomson has amassed a renowned collection of fine art throughout his life. His collection includes works by legendary artists such as Rembrandt, J. M. W. Turner, Edvard Munch, Egon Schiele, and John Constable. In fact, he holds the world’s largest collection of John Constable’s works.
Thomson has set numerous records with his art purchases, demonstrating his significant impact on the art world. For example, he acquired Turner’s “Seascape: Folkestone” in 1984 for a record £7.3 million. In 2002, he spent $76.7 million to purchase Peter Paul Rubens’ “Massacre of the Innocents,” which became the centerpiece of the Thomson Collection at the Art Gallery of Ontario.
Besides international art, Thomson is an avid collector of Canadian art, particularly works by Group of Seven painter Lawren Harris.
While David Thomson keeps a low profile, his personal life has experienced its share of noteworthy events. He has been married multiple times and has children from different relationships.
In 1988, Thomson married Mary Lou La Prairie, and they had two daughters named Thyra Nicole and Tessa Lys. The couple divorced in 1996.
In 200, Thomson married Laurie Ludwick. They had a son named Benjamin before divorcing in 2006.
Thomson then entered a relationship with actress and former model Kelly Rowan, with whom he had a daughter. However, they separated in 2008.
In 2014, Thomson began a relationship with Sotheby’s employee Severine Nackers. They have two daughters named Ottilie and Elodie.
Thomson resides in Toronto’s Rosedale neighborhood, and he also owns several properties in London. He values his privacy and has an underground art gallery on his Toronto property.
In summary, David Thomson is not only a successful businessman but also a passionate art collector. With a net worth of $50 billion, he is one of the wealthiest individuals in Canada. Thomson’s diverse career includes his roles as Chairman of the Thomson Reuters Corporation and founder of Osmington Incorporated. His art collection, particularly his impressive holdings of both international and Canadian artwork, is a testament to his appreciation for the arts.