David Thomson Net Worth & Biography

This is the biography and life story of David Thomson, 3rd Baron Thomson of Fleet. He is a Canadian hereditary peer and businessman with an interest in the media industry. Upon the passing of his father in 2006, he inherited his father’s British title, Baron Thomson of Fleet, and also took over the position of chairman of Thomson Corporation. In 2008, after the acquisition of the international news organization, Reuters, he became the chairman of the merged business, Thomson Reuters. He is the wealthiest person in Canada as of this writing, and in this article, you will discover everything you need to know regarding the life, businesses, and accomplishments of this well-respected media magnate.

Early Life: Childhood, Education

David Kenneth Roy Thomson, 3rd Baron Thomson of Fleet, was born in Toronto, Ontario, Canada, on 12 June 1957. He is the eldest child in the family of Kenneth Thomson, 2nd Baron Thomson of Fleet, and Marilyn Lavis. His siblings include a brother, Peter Thomson, who is a race car driver, and a sister named Taylor Thomson.

A look at his academic record shows that Thomson is a qualified man. He received his Bachelor of Arts at Selwyn College, Cambridge where he studied history and graduated in 1978.

Professional Life: Business career

Thomson started his career at McLeod Young Weir in Toronto where he was a junior associate. He left the company to join his family’s business, playing many roles while working in a number of positions in some of the companies that were controlled by the Thomson family. He was the president of Zellers and the manager of The Bay store in Etobicoke. Seeking to develop his independence, he founded the real estate company Osmington Incorporated, which he owned and operated outside the Thomson business empire. Osmington acquires and controls commercial real estate properties on behalf of institutional shareholders. In 2010, the company sold its stake in eight retail assets to the Canada Pension Plan for the sum of $336 million. Osmington is a major investor in the precision agricultural company FarmersEdge. It is also a partner in The True North Sports and Entertainment Company which owns both the Canada Life Centre in downtown Winnipeg, Manitoba, and the National Hockey League’s Winnipeg Jets.

Thomson’s investment activities are currently managed through Toronto-based hedge fund Morgan Bay Capital. According to a plan concocted many years ago by Roy Thomson, the founder of Thomson Corporation, when Kenneth Thomson died in June 2006, the entire family fortune was handed to David Thomson.

Following Thomson Reuters’ sale of a stake in its financial business in 2018, the businessman expressed dissatisfaction working in the family business. He is currently engaged in negotiations with family members to leave the business, Thomson Reuters, to concentrate on his own art and real estate businesses.

Personal Life: Relationships, Children, Private Interests

David Thomson is the father of six kids from four different mothers. He has two daughters with his first wife, Mary Lou La Prairie. With his second wife named Laurie Ludwick, Thomson has a son called Benjamin. He has a daughter with the actress Kelly Rowan, and two daughters with his partner Severine Nackers, a staff of Sotheby’s in London.

Thomson retains several homes in the United Kingdom. He is a patron of the Art Gallery of Ontario and doesn’t use his “3rd Baron Thomson of Fleet” title in Canada. To also include, he is an avid art collector and is the owner of the top collection of John Constable in the world.

He has rarely given interviews to the media and likes to maintain a low public profile. He lives alone in the Rosedale neighborhood of Toronto, Ontario, in a private residence that houses an underground art gallery.

David Thomson Net Worth: Salary, Income Sources, Assets

The Canadian businessman David Thomson, the 3rd Baron Thomson of Fleet, currently owns a net worth of $33 billion. His family is the wealthiest family in Canada, and he draws his wealth from his control of his family’s business, the Thomson Reuters Corporation, in addition to his personal concerns in the arts and real estate business.

Mr. Thomson owns several properties in London, UK, and primarily resides in Toronto, Canada, where he guards his privacy closely. He supports many art foundations and has been known to specialize in law, financial services, healthcare sectors, science & tech research, and tax & accounting through his family’s business Thomas Reuters Corp., which continues to be a major globally recognized brand to this day.