Bloomberg Billionaires Index

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# 312 Peter Thomson $5.88B

Random fact: Thomvest investments include Lending Club and Public Mobile.

Overview

Thomson is a co-chairman of Woodbridge, a closely held Canadian investment firm. He owns 14 percent of the Ontario-based company, whose assets include a 65 percent stake in Thomson Reuters, a provider of news and financial data. The company had revenue of $5.5 billion in 2018. Relatives own the rest of Woodbridge.

As of :
Last change +$44.5M ( +0.8%)
YTD change +$1.46B ( +33.0%)
Industry Media & Telecom
Biggest asset TRI CN Equity
Citizenship Canada
Age 54
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Peter Thomson's net worth of $5.88B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Thomson'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 percent and his two daughters, Audrey and Irma, received 33 percent and 23 percent, 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. Peter and his two siblings, David and Taylor, each received 14 percent of Woodbridge. Each of Audrey's three children, Linda Campbell, Susan Grange and Gaye Farncombe, received 11 percent. A cousin, Sherry Brydson, the only child of Irma, owns about 23 percent.

Peter is calculated in this analysis to own 14 percent of Woodbridge's stake in Thomson Reuters and it's Cash & Other Assets.

Woodbridge owns 65 percent on Thomson Reuters, according to an August 2019 SEDI 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 in November 2018.

Biography

Birthdate: 4/25/1965
Family: Married, No children
Education: University of Western Ontario

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 U.K., he sold shares in a public offering in 1965, with his son Kenneth taking over the business in 1976.

The younger son of Kenneth, Peter was raised in Toronto with his brother David and sister Taylor. He and his siblings each inherited about 14 percent of the Thomson family fortune after Kenneth's death in 2006. Four cousins split the rest of the assets.

As a teen, Peter took unpaid internships with the Brampton Times and the Globe and Mail to learn photography. He then attended the University of Western Ontario, in London, Ontario, and joined the family business, becoming a director of Thomson Reuters, then Thomson Corp., in 1995. Peter founded the venture capital arm of Thomson Reuters -- Thomvest -- in San Francisco around 2003. He also serves as chairman of Woodbridge.

Thomson competes as a rally car driver on the Thomson Motorsport team, winning the national championship for Canada in 2005, according to the team's website.

Milestones
  • 1931 Radio salesman Roy Thomson buys North Bay, Ontario radio station.
  • 1933 Roy Thomson buys his first newspaper, in Timmins, Ontario.
  • 1995 Joins board of Thomson Reuters, then Thomson Corp.
  • 1996 Forms venture capital arm of Thomson Reuters, Thomvest.
  • 2006 Father Kenneth dies. He inherits one third of his estate.
  • 2009 Thomson Corp. buys Reuters for $17 billion.
  • 2012 James Smith replaces Tom Glocer as Thomson Reuters CEO.
  • 2014 Thomson Reuters sales reach $12.6 billion for the year.