David Thomson: Unmasking Canada’s Invisible Billionaire

David Thomson

Who is David Thomson you ask? Well, David Thomson is the invisible billionaire who maneuvers through life with gut instincts, jet-setting adventures, and an art collection worth millions of Dollars.

He is the chairman of Thomson Reuters and head of Canada’s wealthiest family. With a net worth of $48.6 billion, he’s not just rich – he’s mind-bogglingly wealthy. But how did this mysterious billionaire amass such immense fortune you ask? Join us as we unveil the man behind the numbers.

David Thomson belongs to the rare breed of billionaires who prefer the shadows to the limelight. Despite being the richest family in Canada, the Thomsons keep a low profile.

Born into wealth, David Thomson inherited the throne of Thomson Reuters, a media giant founded by his grandfather in 1934. He didn’t climb the ladder; he was born at the top. Crowned as the Baron Thomson of Fleet, he’s a definite example of someone who’s said to be born into riches.

David’s net worth soared by $18 billion during the worldwide pandemic, while many struggled. He sold Refinitiv to Blackstone for $17 billion in 2018. It’s a tale of invisible wealth hidden behind closed doors.

In Thomson’s world, forget about numbers and plans – gut feelings are the real stars. Boardroom meetings are also not on David Thomson’s to-do list.

His former boss at the Hudson’s Bay Company which Thomson’s father owned at the time, noted that he would often grow bored in meetings and shared how Thomson would call in from Liechtenstein, asking for a Monday off. While others work hard, Thomson travels the world and calmly anticipates taking over his family’s business.

For Thomson, art and business are two sides of the same billion-dollar coin. Collecting rare pieces isn’t just a hobby; it’s a reflection of his soul. David Thomson inherited his passion for collecting art from his father, Ken.

While Ken Thomson focused on European art and early 20th-century Canadian painters, his son’s 2,000-piece collection is more diverse, including postwar British artists, photography, and medieval sculpture.

Thomson who artworks by John Constable are considered the best in the world. His art collection includes work from the famous painter, Picasso. Despite his love for art, he doesn’t keep everything, believing a collection should evolve through both selling and acquiring.

Thomson continues his father’s legacy by supporting the Art Museum of Toronto. His father, Ken donated a valuable 17th-century painting by Peter Paul Rubens “The Massacre of the Innocents”. David has contributed over $276 million to help renovate the museum.

Other assets of David Thomson include:

  • The 320 million shares his family owns of Thomson Reuters.
  • Holds stakes in Bell Canada and owns the Globe and Mail newspaper.
  • Part owner of the NHL’s Winnipeg Jets and has a minority stake in the Montreal Canadiens.

So, In a world where wealth speaks louder than words, David Thomson’s story is a blend of inherited riches, business acumen, and a taste for the finer things.

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