The patriarch of Canada's wealthiest family controls a media and technology giant (Thomson Reuters), as well as large holdings in telecommunications (BCE) and commodity research (IHS) through the family investment arm, Woodbridge. Thomson has made large investments in Canadian real estate, and owns a spectrum of art genres and a stake in an NHL team.
Investor James Pattison, owner of the Guinness Book of World Records, has emerged as Canada’s richest person after new information revealed that David K.R. Thomson, heir to the Thomson media empire, owns a smaller stake in his family’s investment company than previously reported.
Thomson Reuters Corp., the provider of financial news and information, reported profit that beat analysts’ estimates after subscription revenue helped make up for a decrease in sales from trading transactions.
BP Plc, ConocoPhillips and Statoil ASA are among oil explorers investing at least $3 billion in wells off Angola next year in the country’s biggest deepwater drilling campaign, Wood Mackenzie Ltd. said.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Geoff Beattie, former deputy chairman of news and information provider Thomson Reuters Corp., has been named chairman of Relay Ventures to scout new investment opportunities for the Canadian venture capital fund.
The 200 richest people on the planet erased $26.6 billion from their collective net worth this week as Microsoft Corp. co-founder Bill Gates, 57, extended his lead over Mexico’s Carlos Slim as the world’s richest person to $4.3 billion, according to the Bloomberg Billionaires Index.