David Thomson, 3rd Baron Thomson of Fleet
Encyclopedia
David Kenneth Roy Thomson, 3rd Baron Thomson of Fleet (born 12 June 1957) is a Canadian media
magnate
. He is the son of the late Kenneth Thomson, 2nd Baron Thomson of Fleet
and his siblings are actress Taylor Thomson and Peter Thomson
. David Thomson was the chairman of Thomson Corporation
since 2002 and after the acquisition of Reuters
, he is now the chairman of the merged entity, Thomson Reuters
. He currently resides in Toronto, Ontario
, Canada
.
Thomson attended Upper Canada College
and received a BA
(subsequently upgraded to an MA) in history from Selwyn College
in the University of Cambridge
in 1978.
With an estimated net worth of around $23.0 billion Cdn as of 2010, Thomson and his family are the richest in Canada and 16th richest in the world according to Forbes
in 2011.
store at Cloverdale Mall in Etobicoke, and President of Zellers
. He founded a real estate firm Osmington Incorporated, owned and operated outside of the Thomson empire. Osmington is a partner in True North Sports and Entertainment, owners of the National Hockey League
's Winnipeg Jets
and the MTS Centre
in downtown Winnipeg, Manitoba.
According to a plan devised decades ago by Thomson Corporation
founder Roy Thomson
, when Kenneth Thomson died (June 2006), control of the family fortune passed on to David.
"David, my grandson, will have to take his part in the running of the Organisation and David's son, too," Roy wrote in his 1975 autobiography. "With the fortune that we will leave to them go also responsibilities. These Thomson boys that come after Ken are not going to be able, even if they want to, to shrug off these responsibilities."
news magazine but was largely ignored by other media. He is the father of three children, including two daughters from his first marriage. "Thomson's son from that marriage, who was born after the couple separated, is the company's designated heir." He became engaged
to actress Kelly Rowan
in late June 2007. They broke off their engagement just before Rowan gave birth to their daughter on April 28, 2008. In September 2009, Rowan and Thomson made their first public appearance since their alleged split in early 2008, at the Toronto International Film Festival.
Like his mother, David Thomson is a patron of the Art Gallery of Ontario
. With the death of his father, he became the 3rd Baron Thomson of Fleet on 12 June 2006, his 49th birthday. He is an avid art collector and owns the world's top collection of John Constable
.
Thomson has rarely given interviews to the press and maintains a low public profile.
"The only substantial interview he has given was to James FitzGerald, who wrote a book about the elite private school (Upper Canada College
) they both attended in Toronto," according to a July 3, 2006 article in The New York Times
. "In his comments to Mr. FitzGerald 12 years ago, David had little positive to say about many people in the business world".
In the interview, Thomson said: "When you try to live a more balanced life, traditional businessmen think that you are not a real man. But who is not the real man? You are telling me? You have not taken a weekend with your wife, you have no spare time that you use constructively, you do not have any hobbies, you do not know how to spell Mozart. And here you are telling me that I am weak?"
Media proprietor
A media proprietor is a person who controls, either through personal ownership or a dominant position in any media enterprise. Those with significant control of a public company in the mass media may also be called "media moguls", "tycoons", "barons", or "bosses".The figure of the media proprietor...
magnate
Business magnate
A business magnate, sometimes referred to as a capitalist, czar, mogul, tycoon, baron, oligarch, or industrialist, is an informal term used to refer to an entrepreneur who has reached prominence and derived a notable amount of wealth from a particular industry .-Etymology:The word magnate itself...
. He is the son of the late Kenneth Thomson, 2nd Baron Thomson of Fleet
Kenneth Thomson, 2nd Baron Thomson of Fleet
Kenneth Thomson, 2nd Baron Thomson of Fleet , in Canada known as Ken Thomson, was a Canadian businessman and art collector who, at the time of his death, was the richest person in Canada, and the ninth richest person in the world, according to Forbes.com, with assets of approximately US $17.9...
and his siblings are actress Taylor Thomson and Peter Thomson
Peter Thomson (race car driver)
Peter John Thomson is a Canadian rally race car driver with Thomson Motorsport and a venture capitalist. Peter is married to Diana Thomson. Peter and Diana have one daughter....
. David Thomson was the chairman of Thomson Corporation
Thomson Corporation
The Thomson Corporation was one of the world's largest information companies.Thomson was active in financial services, healthcare sectors, law, science & technology research, and tax & accounting sectors...
since 2002 and after the acquisition of Reuters
Reuters
Reuters is a news agency headquartered in New York City. Until 2008 the Reuters news agency formed part of a British independent company, Reuters Group plc, which was also a provider of financial market data...
, he is now the chairman of the merged entity, Thomson Reuters
Thomson Reuters
Thomson Reuters Corporation is a provider of information for the world's businesses and professionals and is created by the Thomson Corporation's purchase of Reuters Group on 17 April 2008. Thomson Reuters is headquartered at 3 Times Square, New York City, USA...
. He currently resides in Toronto, Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
.
Thomson attended Upper Canada College
Upper Canada College
Upper Canada College , located in midtown Toronto, Ontario, Canada, is an independent elementary and secondary school for boys between Senior Kindergarten and Grade Twelve, operating under the International Baccalaureate program. The secondary school segment is divided into ten houses; eight are...
and received a BA
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
(subsequently upgraded to an MA) in history from Selwyn College
Selwyn College, Cambridge
Selwyn College is a constituent college in the University of Cambridge in England, United Kingdom.The college was founded by the Selwyn Memorial Committee in memory of the Rt Reverend George Selwyn , who rowed on the Cambridge crew in the first Varsity Boat Race in 1829, and went on to become the...
in the University of Cambridge
University of Cambridge
The University of Cambridge is a public research university located in Cambridge, United Kingdom. It is the second-oldest university in both the United Kingdom and the English-speaking world , and the seventh-oldest globally...
in 1978.
With an estimated net worth of around $23.0 billion Cdn as of 2010, Thomson and his family are the richest in Canada and 16th richest in the world according to Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
in 2011.
Business career
Thomson has worked a number of positions in companies controlled by his family. He was manager of The BayThe Bay
The Bay is a chain of 91 department stores that operate across parts of Canada. It is the main brand of Hudson's Bay Company , North America's oldest company. It has its headquarters in the Simpson Tower in Toronto. In French, the chain is known as la Baie, short for "Compagnie de la Baie d'Hudson"...
store at Cloverdale Mall in Etobicoke, and President of Zellers
Zellers
Zellers Inc. is Canada's second-largest chain of mass merchandise discount stores, with locations in communities across Canada. A subsidiary of the Hudson's Bay Company , it has 273 locations across the country....
. He founded a real estate firm Osmington Incorporated, owned and operated outside of the Thomson empire. Osmington is a partner in True North Sports and Entertainment, owners of the National Hockey League
National Hockey League
The National Hockey League is an unincorporated not-for-profit association which operates a major professional ice hockey league of 30 franchised member clubs, of which 7 are currently located in Canada and 23 in the United States...
's Winnipeg Jets
Winnipeg Jets
The Winnipeg Jets were a professional ice hockey team based in Winnipeg, Manitoba, Canada. They began play in the World Hockey Association in 1972, moving to the National Hockey League in 1979 following the collapse of the WHA...
and the MTS Centre
MTS Centre
The MTS Centre is an indoor sports arena and entertainment venue in downtown Winnipeg, Manitoba, Canada and home of the Winnipeg Jets of the National Hockey League. It is located on the former Eaton's site and is owned and operated by True North Sports & Entertainment. The 440,000 square feet ...
in downtown Winnipeg, Manitoba.
According to a plan devised decades ago by Thomson Corporation
Thomson Corporation
The Thomson Corporation was one of the world's largest information companies.Thomson was active in financial services, healthcare sectors, law, science & technology research, and tax & accounting sectors...
founder Roy Thomson
Roy Thomson, 1st Baron Thomson of Fleet
Roy Herbert Thomson, 1st Baron Thomson of Fleet GBE was a Canadian newspaper proprietor and media entrepreneur.-Career:...
, when Kenneth Thomson died (June 2006), control of the family fortune passed on to David.
"David, my grandson, will have to take his part in the running of the Organisation and David's son, too," Roy wrote in his 1975 autobiography. "With the fortune that we will leave to them go also responsibilities. These Thomson boys that come after Ken are not going to be able, even if they want to, to shrug off these responsibilities."
Personal life
Thomson's "particularly bitter divorce action against his second wife" received extensive coverage in Maclean'sMaclean's
Maclean's is a Canadian weekly news magazine, reporting on Canadian issues such as politics, pop culture, and current events.-History:Founded in 1905 by Toronto journalist/entrepreneur Lt.-Col. John Bayne Maclean, a 43-year-old trade magazine publisher who purchased an advertising agency's in-house...
news magazine but was largely ignored by other media. He is the father of three children, including two daughters from his first marriage. "Thomson's son from that marriage, who was born after the couple separated, is the company's designated heir." He became engaged
Engagement
An engagement or betrothal is a promise to marry, and also the period of time between proposal and marriage which may be lengthy or trivial. During this period, a couple is said to be betrothed, affianced, engaged to be married, or simply engaged...
to actress Kelly Rowan
Kelly Rowan
Kelly Rowan is a Canadian television and film actress and former fashion model. She is best known for portraying Kirsten Cohen on The O.C.-Early life:...
in late June 2007. They broke off their engagement just before Rowan gave birth to their daughter on April 28, 2008. In September 2009, Rowan and Thomson made their first public appearance since their alleged split in early 2008, at the Toronto International Film Festival.
Like his mother, David Thomson is a patron of the Art Gallery of Ontario
Art Gallery of Ontario
Under the direction of its CEO Matthew Teitelbaum, the AGO embarked on a $254 million redevelopment plan by architect Frank Gehry in 2004, called Transformation AGO. The new addition would require demolition of the 1992 Post-Modernist wing by Barton Myers and Kuwabara Payne McKenna Blumberg...
. With the death of his father, he became the 3rd Baron Thomson of Fleet on 12 June 2006, his 49th birthday. He is an avid art collector and owns the world's top collection of John Constable
John Constable
John Constable was an English Romantic painter. Born in Suffolk, he is known principally for his landscape paintings of Dedham Vale, the area surrounding his home—now known as "Constable Country"—which he invested with an intensity of affection...
.
Thomson has rarely given interviews to the press and maintains a low public profile.
"The only substantial interview he has given was to James FitzGerald, who wrote a book about the elite private school (Upper Canada College
Upper Canada College
Upper Canada College , located in midtown Toronto, Ontario, Canada, is an independent elementary and secondary school for boys between Senior Kindergarten and Grade Twelve, operating under the International Baccalaureate program. The secondary school segment is divided into ten houses; eight are...
) they both attended in Toronto," according to a July 3, 2006 article in The New York Times
The New York Times
The New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...
. "In his comments to Mr. FitzGerald 12 years ago, David had little positive to say about many people in the business world".
In the interview, Thomson said: "When you try to live a more balanced life, traditional businessmen think that you are not a real man. But who is not the real man? You are telling me? You have not taken a weekend with your wife, you have no spare time that you use constructively, you do not have any hobbies, you do not know how to spell Mozart. And here you are telling me that I am weak?"