Skip to main content
You are the owner of this article.
You have permission to edit this article.
Edit

Thomson family’s legacy lies in the art world

Not so long ago, Roy Thomson owned one of the biggest newspaper chains in the world, with more than 200 titles in Canada, the U.S. and Britain, including what then was regarded as the greatest paper in the English language, the London Times.

3 min read
kenneth_thomson

Canadian billionaire and philanthropist Kenneth Thomson addresses a press conference announcing his $50 million donation to the Frank Gehry-designed Art Gallery of Ontario expansion in Toronto on Tuesday, Nov. 19, 2002. (CP PHOTO/J.P. Moczulski)


Not so long ago, Roy Thomson owned one of the biggest newspaper chains in the world, with more than 200 titles in Canada, the U.S. and Britain, including what then was regarded as the greatest paper in the English language, the London Times.

But the enduring legacy of the Thomson family is not newspapers, nor the Thomson Reuters information services giant that the Thomsons committed to after selling off all but Toronto’s Globe and Mail. Nor is it the estimated $22-billion Thomson fortune, making third-generation family steward David Thomson the richest person in Canada and one of the 30 wealthiest in the world. That is a fortune that traces to Roy Thomson, son of a Toronto barber, scaring up $201 to buy a radio frequency in North Bay, Ont. in 1931. (All figures in Canadian dollars.)

David Olive

David Olive is a Toronto-based business columnist for the Star.

JOIN THE CONVERSATION

Anyone can read Conversations, but to contribute, you should be a registered Torstar account holder. If you do not yet have a Torstar account, you can create one now (it is free).

To join the conversation set a first and last name in your user profile.

Conversations are opinions of our readers and are subject to the Community Guidelines. Toronto Star does not endorse these opinions.

More from The Star & partners