⬅ # 35 Ma Huateng|# 37 Jacqueline Mars

# 36 David Thomson 

$37.6B

Real Time Net Worth
as of 4/23/2024
$122.8M (0.33%)

# 36 David Thomson 

$37.6B

Real Time Net Worth
as of 4/23/2024
$122.8M (0.33%)
OccupationChair, Thomson Reuters
Source of WealthThomson Reuters, media
Age66
ResidenceToronto, Canada
Marital StatusDivorced
Children4
EducationMA, University of Cambridge
Age-Adjusted Net Worth$25.1B
David Thomson
David Thomson
Canada
Net worth: $37.6B

Self-Made Score 

Wealth History

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Biography

David Thomson, 3rd Baron Thomson of Fleet, was born on June 12, 1957, in Toronto, Ontario, Canada.
He is the son of Kenneth Thomson, 2nd Baron Thomson of Fleet, and his mother is Nora Marilyn Lavis Thomson.
David inherited the title of 3rd Baron Thomson of Fleet and the family's media empire upon his father's death in 2006.
He attended Selwyn House School in Montreal and later studied at Upper Canada College in Toronto.
Thomson continued his education at Cambridge University, where he earned a degree in history.
Known for his low-profile lifestyle, he rarely gives interviews and maintains a private personal life.
David Thomson is the chairman of Thomson Reuters, a multinational media and information firm with a significant global presence.
Apart from his media interests, he has investments in various industries, including technology and real estate.
He is also a renowned art collector, with an impressive collection that includes works by artists such as J.M.W. Turner.
In 2002, Thomson acquired British media group Reuters, merging it with Thomson Corporation to create Thomson Reuters.
He holds dual Canadian and British citizenship.

How long would it take you to become as rich as David Thomson?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach David Thomson's net worth of $37.6B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 34.07% compared to 5.08% for the S&P 500 benchmark.

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David Thomson is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For David Thomson, Thomson Reuters and media are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey