Kenneth Roy Thomson, 2nd Baron Thomson of Fleet (September 1, 1923 – June 12, 2006), known in Canada as Ken Thomson, was a Canadian/British businessman and art collector. At the time of his death, he was listed by ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

'' as the richest person in Canada and the ninth richest person in the world, with a

net worth Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities. Since financial assets minus outstanding liabilities equal net financial assets, net ...

of approximately US $19.6 billion.

Early life and career

Thomson was born on September 1, 1923, in

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anc ...

Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central Ca ...

. He was the son of Roy Thomson, the founder of the

Thomson Corporation The Thomson Corporation was one of the world's largest information companies. It was established in 1989 following a merger between International Thomson Organisation Ltd (ITOL) and Thomson Newspapers. In 2008, it purchased Reuters Group to for ...

. Thomson was first educated at

Upper Canada College Upper Canada College (UCC) is an elite, all-boys, private school in Toronto, Ontario, operating under the International Baccalaureate program. The college is widely described as the country's most prestigious preparatory school, and has produce ...

before going up to

St. John's College, Cambridge St John's College is a constituent college of the University of Cambridge founded by the Tudor matriarch Lady Margaret Beaufort. In constitutional terms, the college is a charitable corporation established by a charter dated 9 April 1511. The ...

, where he received a degree in economics and law. During World War II, he served in the

Royal Canadian Air Force The Royal Canadian Air Force (RCAF; french: Aviation royale canadienne, ARC) is the air and space force of Canada. Its role is to "provide the Canadian Forces with relevant, responsive and effective airpower". The RCAF is one of three environm ...

. Following the war, he completed his education and entered the family business.

Business owner

Upon his father's death in 1976, Thomson succeeded as 2nd Lord Thomson of Fleet. However, Thomson never used his noble title in Canada or took up his seat in the

House of Lords The House of Lords, also known as the House of Peers, is the upper house of the Parliament of the United Kingdom. Membership is by appointment, heredity or official function. Like the House of Commons, it meets in the Palace of Westminst ...

. In a 1980 interview with '' Saturday Night'' magazine, he said, "In London I'm Lord Thomson, in Toronto I'm Ken. I have two sets of Christmas cards and two sets of stationery. You might say I'm having my cake and eating it too. I'm honouring a promise to my father by being Lord Thomson, and at the same time I can just be Ken." He succeeded his father as chair of what was then a media empire made up of extensive newspaper and television holdings. The Thomson family also owned a controlling stake in the

Hudson's Bay Company The Hudson's Bay Company (HBC; french: Compagnie de la Baie d'Hudson) is a Canadian retail business group. A fur trade, fur trading business for much of its existence, HBC now owns and operates retail stores in Canada. The company's namesake b ...

from 1979 to 1997. The Thomson media empire added '' The Globe and Mail'' in Toronto to ''

The Times ''The Times'' is a British Newspaper#Daily, daily Newspaper#National, national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its s ...

'' and ''

Sunday Times ''The Sunday Times'' is a British newspaper whose circulation makes it the largest in Britain's quality press market category. It was founded in 1821 as ''The New Observer''. It is published by Times Newspapers Ltd, a subsidiary of News UK, whi ...

'' in Britain and ''

The Jerusalem Post ''The Jerusalem Post'' is a broadsheet newspaper based in Jerusalem, founded in 1932 during the British Mandate of Palestine by Gershon Agron as ''The Palestine Post''. In 1950, it changed its name to ''The Jerusalem Post''. In 2004, the paper ...

'' in Israel. Under Thomson, the corporation sold its

North Sea oil North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea. In the petroleum industry, the term "North Sea" often includes areas such as the Norwegian Sea and ...

holdings and sold ''The Times'' to

Rupert Murdoch Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian-born American business magnate. Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including ...

News Corporation News Corporation (abbreviated News Corp.), also variously known as News Corporation Limited, was an American multinational mass media corporation controlled by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New ...

and the Jerusalem Post to

Conrad Black Conrad Moffat Black, Baron Black of Crossharbour (born 25 August 1944), is a Canadian-born British former newspaper publisher, businessman, and writer. His father was businessman George Montegu Black II, who had significant holdings in Cana ...

's Hollinger Inc. The ''Globe and Mail'' was combined with BCE's cable and television assets (including CTV and

The Sports Network The Sports Network (TSN) is a Canadian English language sports specialty channel established by the Labatt Brewing Company in 1984 as part of the first group of Canadian specialty cable channels. Since 2001, it has been majority-owned by com ...

) to form

Bell Globemedia Bell Media Inc. ( French: ) is a Canadian company formed by the amalgamation of several companies. Establishment (2011–13) On December 9, 2011, the Ontario Teachers' Pension Plan announced the sale of its majority stake in Maple Leaf Sports ...

, controlled by BCE with Thomson as a minority shareholder. The company then sold all of its community newspapers to become a financial data services giant and one of the world's most powerful information services and academic publishing companies. Today, the company operates primarily in the US from its headquarters in Stamford, Connecticut. In 2002, The Thomson Corporation was listed on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...

as "TOC". According to ''Forbes'' magazine in 2005, the Thomson family is the richest in Canada, and Lord Thomson of Fleet was the fifteenth richest person in the world, with a personal net worth of US $17.9 billion. Between the time of that report and his death, he jumped six positions to ninth with assets of almost $22.6 billion. Over the past fifty years, Thomson distinguished himself as one of North America's leading art collectors and has been a major benefactor to the

Art Gallery of Ontario The Art Gallery of Ontario (AGO; french: Musée des beaux-arts de l'Ontario) is an art museum in Toronto, Ontario, Canada. The museum is located in the Grange Park neighbourhood of downtown Toronto, on Dundas Street West between McCaul and Bev ...

. In 2002, he paid the highest price ever for a Canadian painting when he purchased

Paul Kane Paul Kane (September 3, 1810 – February 20, 1871) was an Irish-born Canadian painter, famous for his paintings of First Nations peoples in the Canadian West and other Native Americans in the Columbia District. A largely self-educated arti ...

's '' Scene in the Northwest: Portrait of John Henry Lefroy''. At a

Sotheby's Sotheby's () is a British-founded American multinational corporation with headquarters in New York City. It is one of the world's largest brokers of fine and decorative art, jewellery, and collectibles. It has 80 locations in 40 countries, and ...

auction that year, Thomson purchased

Peter Paul Rubens Sir Peter Paul Rubens (; ; 28 June 1577 – 30 May 1640) was a Flemish artist and diplomat from the Duchy of Brabant in the Southern Netherlands (modern-day Belgium). He is considered the most influential artist of the Flemish Baroque tradit ...

' painting '' The Massacre of the Innocents'' for £49.5 million (CAD $117 million). CTV:
Thomson family buyer of $117-million painting
', July 13, 2002.

Personal life

In 1956, Thomson married Nora Marilyn Lavis (July 27, 1930 – May 23, 2017), a model. They had three children:

David David (; , "beloved one") (traditional spelling), , ''Dāwūd''; grc-koi, Δαυΐδ, Dauíd; la, Davidus, David; gez , ዳዊት, ''Dawit''; xcl, Դաւիթ, ''Dawitʿ''; cu, Давíдъ, ''Davidŭ''; possibly meaning "beloved one". w ...

(born 1957), Lynne, who changed her name to Taylor (born 1959), and

Peter Peter may refer to: People * List of people named Peter, a list of people and fictional characters with the given name * Peter (given name) ** Saint Peter (died 60s), apostle of Jesus, leader of the early Christian Church * Peter (surname), a s ...

(born 1965). Taylor, a one-time actress and film producer, became known for her lawsuit against

Christie's Christie's is a British auction house founded in 1766 by James Christie (auctioneer), James Christie. Its main premises are on King Street, St James's in London, at Rockefeller Center in New York City and at Alexandra House in Hong Kong. It is ...

auction house An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition ex ...

, when in 1994 she bought urns supposedly from Louis XV of France that were discovered instead to be 19th century reproductions.

Retirement

In 2002, Thomson stepped down as chairman of

, installing his elder son, David. He retained his positions as Chairman of

The Woodbridge Company The Woodbridge Company Limited is a Canadian private holding company based in Toronto, Ontario. It is the primary investment vehicle for members of the family of the late Roy Thomson, the first Baron Thomson of Fleet. David Binet has been t ...

, the family's holding company, which owned a controlling share of Thomson Corporation. Following his retirement from active business, he donated to the

nearly 2,000 art works worth more than US $300 million, representing the finest private art collection in Canada. His gift contained masterpieces by renowned Canadian artists plus those from his collection of European works of art dating from the

Middle Ages In the history of Europe, the Middle Ages or medieval period lasted approximately from the late 5th to the late 15th centuries, similar to the post-classical period of global history. It began with the fall of the Western Roman Empire ...

to the mid-nineteenth century, including

Rubens Sir Peter Paul Rubens (; ; 28 June 1577 – 30 May 1640) was a Flemish artist and diplomat from the Duchy of Brabant in the Southern Netherlands (modern-day Belgium). He is considered the most influential artist of the Flemish Baroque tradit ...

' '' Massacre of the Innocents''. In his final years, Thomson lived at 8 Castle Frank Road in the Rosedale area. He died in 2006 at his Toronto office of an apparent heart attack.

Arms

References

External links

Kenneth Kenneth is an English given name and surname. The name is an Anglicised form of two entirely different Gaelic personal names: ''Cainnech'' and '' Cináed''. The modern Gaelic form of ''Cainnech'' is ''Coinneach''; the name was derived from a byn ...

Upper Canada College alumni Gardiner family Canadian peers