| Net Worth: | $50 Billion |
|---|---|
| Date of Birth: | June 12, 1957 (67 years old) |
| Gender: | Male |
| Profession: | Businessperson |
| Nationality: | Canada |
What is David Thomson’s net worth? How does David Thomson make his money? Below is the current net worth of David Thomson and how David Thomson makes his money.
What is David Thomson’s Net Worth?
David Thomson is a Canadian art collector, video magnate, and businessman who has a net worth of $50 billion. He is the 3rd Baron Thomson of Fleet. David Thomson’s family is the richest in Canada and he is the Chairman of the Thomson Reuters Corporation.
In 2006, when his father died, he was pronounced the chairman of the Thomson Corporation and in 2008, he became the chairman of the conglomerate Thomson Reuters Corporation following the merger with Reuters Group.
Early Life
David Thomson was born in Toronto, Ontario, Canada on 12 June 1957. His father was Kenneth Thomson, who was the 2nd Baron Thomson of fleet and his mother was Marilyn Lavis. He is the eldest child of the family.
He has a younger sister named Taylor and a younger brother Peter, who is a car racer. When he was still young, he attended Upper Canada College and the Hall School. In 1978, he got his Bachelor of Arts at Selwyn College, Cambridge where he studied History.
Career
McLeod Young Weir was where he started his career in business as a junior associate at the financial services firm. He later left for the family business where he worked in numerous positions in the company controlled by the Thomson family.
He also was the manager of The Bay store and the president of Zellers. David created the real estate firm Osmington Incorporated, which is owned, controlled, and operated outside of the Thomson empire.
Osmington sold its venture in eight retail properties to the Canada Pension Plan for $336 million in 2010. Osmington is renovating the retail space of Toronto’s Union Station. Osmington is a major investor in FarmersEdge, a clarity agriculture company.
David Thomson’s investment activities are managed through the Toronto hedge fund Morgan Bay Capital. In 2018, according to Thomson Reuters’ sale of a controlling stake in its financial business, he exhibited disappointment working in the family business.
He confronted the family concerning the decision of leaving the family business in order to concentrate on his own art and real estate activities. David owns the world’s biggest collection of drawings and paintings by John Constable, the English painter.
Thomson acquired J. M. W. Turner’s spectacular ‘Seascape: Folkestone” in 1984 for a record £7.3 million (£21.8 million in 2017) from the sale of the collection of noted British art historian Kenneth Clark, Lord Clark.
In 1985, when Thomson turned 27, he broke another world record when he bought Rembrandt’s monumental “Christ Presented to the People”, for a record of £561,000 (£1.7 million in 2017) at Christie’s London from 1655. During 1980s, he sold both masterpieces within a few years due to a financial crisis.
In 1994, in an interview with Geraldine Norman in The Independent, he said that at 19, he bought his first Constable drawing, giving the seller “an oil painting in exchange and quite a lot of money”. Thomson stunned the art world with two monumental purchases in his twenties.
Thomson broke the record for the most costly 18th-century British watercolor when he paid £2.4 million for a small landscape by John Robert Cozen in 2012. Thomson has given upwards of $276 million to the Art Gallery of Ontario’s redevelopment costs, in addition to creating a permanent endowment with an additional $20 million donation.
David is an active acquirer of Canadian art. Thomson paid $1.8 million for a face mask, the highest price ever paid for a single piece of Native North American art in 2007. He paid a record C$11.2 million to buy a painting at auction by Group of Seven artist Lawren Harris entitled “Mountain Forms” in November 2016.
Personal Life
David Thomson had a proliferous love. He married his first wife, Mary Lou La Prairie in 1988. Thyra Nicole and Tessa Lys was their daughter before they divorced in1996. Thomson married Laurie Ludwick in 2000, who gave him a son Benjamin and they divorced in 2000.
He then proceeded to date actress and former model Kelly Rowan and they had a daughter. In 2008, they got separated. In 2014, Thomson started a relationship with Sotheby’s employee Severine Nackers, Ottilie and Elodie were the daughters they had together.
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