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# 352 Gaye Farncombe $6.86B

Random fact: Grandfather Roy Thomson was dubbed Baron Thomson of Fleet in 1964.


Farncombe owns 11% of Woodbridge, a closely held investment firm that manages the fortunes of seven grandchildren of Canadian media magnate Roy Thomson. The Ontario-based company owns a two-thirds stake in Thomson Reuters, a financial data and services provider that reported revenue of $6.3 billion in 2021.

As of :
Last change -$11.7M ( -0.2%)
YTD change +$287M ( +4.4%)
Biggest asset TRI CN Equity
Country / Region Canada
Age 71
Industry Media & Telecom
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Gaye Farncombe's net worth of $6.86B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

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Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Farncombe's fortune is derived from Woodbridge, an investment firm that manages the family fortune originated by Canadian media magnate Roy Thomson. After his death in 1976, Thomson's estate was divided between his three children. His son, Kenneth, inherited 42% and his two daughters, Audrey and Irma, received 33% and 23%, respectively, according to a person familiar with the family's assets who asked not to be identified because Woodbridge is closely held.

Each heir evenly split their share in Woodbridge among their children, the source said. David and his two siblings, Peter and Taylor, each received 14% of Woodbridge. Each of Audrey's three children, Linda Campbell, Susan Grange and Gaye Farncombe, received 11%. A cousin, Sherry Brydson, the only child of Irma, owns about 23%.

Farncombe is calculated in this analysis to own 11% of Woodbridge's stake in Thomson Reuters and it's Cash & Other Assets.

Woodbridge owns 67% on Thomson Reuters, according to a February 2022 filing.

Cash & Other Assets is based on Woodbridge asset values as disclosed in a 2007 investor presentation 2007 and adjusted to reflect dividends, insider transactions, taxes and market performance. The family has collected more than $3 billion in dividend income and share sales since then, based on an analysis of company filings and Bloomberg data.

David Girardin, a spokesman for Thomson Reuters, didn't respond to requests for comment.


Family: Married, No children

Canada's richest family was set on its path to wealth in 1931, when Roy Thomson acquired a radio station in North Bay, Ontario. Two years later he bought the Timmins Press, a newspaper in Ontario. Two years later he bought the Timmins Press, a newspaper in Ontario. Within five years, Thomson was Canada's leading newspaper owner. After expanding in the UK, he sold shares in a public offering in 1965, with his son Kenneth taking over the business in 1976.

While Kenneth ran the family business and inherited 42 percent of the fortune, Roy's two daughters also inherited large minority stakes in the company. Irma, the youngest, got about 25 percent. Audrey, Campbell's mother, was the oldest of the children and received 33 percent. She married Elwood Campbell, a high school science teacher, and raised their three children in Port Credit, Ontario, a town on the shores of Lake Ontario.

Farncombe, with her sisters, gave $30 million to the Centre for Addiction and Mental Health in Toronto, and with her cousin Sherry Brydson, they also endowed a downtown YWCA. In 2004, with her mother and sisters, Farncombe gave was then Canada's largest ever donation to a hospital -- $67.5 million over four years -- to support cancer research.

Farncombe and her husband Murray are co-owners of Murron's Cabinetree, a maker of furniture from reclaimed wood, in Oakville, Ontario.

  • 1931 Roy Thomson purchases a radio station in North Bay, Ontario.
  • 1933 Thomson buys his first newspaper, the Timmins (Ontario) Press.
  • 1976 Kenneth Thomson takes over family business from his father.
  • 2004 With sisters and mother, gives $67.5 million to Princess Margaret Hospital.
  • 2007 Audrey Campbell, oldest child of Roy Thomson, dies at age 90.
  • 2011 With sisters, donates $30 million to Centre for Addiction and Mental Health.
  • 2012 James Smith replaces Tom Glocer as Thomson Reuters CEO.
  • 2014 Thomson Reuters sales reach $12.6 billion for the year.