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#532 Linda Campbell $3.73B

Random fact: Grandfather Roy Thomson was dubbed Baron Thomson of Fleet in 1964.

Overview

Campbell owns 11 percent of Woodbridge, a closely held investment firm that manages the fortunes of seven grandchildren of Canadian media magnate Roy Thomson. The Ontario-based company owns a 60 percent stake in Thomson Reuters, a financial data and services provider that had revenue of $11.2 billion in 2016.

As of Sept. 22, 2017:
Last change +$2.05M (+0.1%)
YTD change +$283M (+8.2%)
Industry Media & Telecom
Biggest asset TRI CN Equity
Citizenship Canada
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Linda Campbell's net worth of $3.73B can buy ...

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troy ounces of gold
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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
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Misc. liabilities
Confidence rating:

The majority of Campbell's fortune is controlled by Woodbridge, an investment firm that manages the family fortune originated by Canadian media magnate Roy Thomson.

After his death in 1976, Thomson's estate was divided between his three children. His son, Taylor Thomson's father, Kenneth, inherited about 42 percent. His two daughters, Audrey and Irma, received about 33 percent and 23 percent, respectively, according to a person familiar with the family's assets who asked not to be identified because Woodbridge is closely held. Each heir evenly split their share in Woodbridge among their children, the source said. As one of Audrey's three children, Campbell owns 11 percent, as do her sisters Gaye Farncombe and Susan Grange.

Each of Kenneth Thomson's three children, David, Peter and Taylor Thomson, received 14 percent of Woodbridge's assets. Sherry Brydson, the only child of Irma, holds the largest stake, at 23 percent, according to the source. Billionaire James Pattison, a friend of Kenneth Thomson, told Bloomberg News in a 2012 interview that the magnate, who died in 2006, said he wanted to divide his fortune among his children, and that Kenneth's siblings and their children also had inherited portions of the fortune that originated with Roy Thomson.

Woodbridge's biggest asset is a 60 percent stake in publicly traded Thomson Reuters, a competitor of Bloomberg News and its parent, Bloomberg LP. About a third of the family's assets are held outside of Thomson Reuters and also are managed by Woodbridge. The value of the company's unlisted holdings is derived from a 2007 figure disclosed to investors. A portion of that sum is disclosed in regulatory filings. The family has collected more than $3 billion in dividend income since the 2007 asset figure disclosure.

David Girardin, a spokesperson for Thomson Reuters and Woodbridge, said the billionaire declined to comment on her net worth.

Biography

Birthdate:
Family: Married, 1 child

Canada's richest family was set on its path to wealth in 1931, when Roy Thomson acquired a radio station in North Bay, Ontario. Two years later he bought the Timmins Press, a newspaper in Ontario. Two years later he bought the Timmins Press, a newspaper in Ontario. Within five years, Thomson was Canada's leading newspaper owner. After expanding in the U.K., he sold shares in a public offering in 1965, with his son Kenneth taking over the business in 1976.

While Kenneth ran the family business, Roy's two daughters also inherited large minority stakes in the company. Audrey, Campbell's mother, was the oldest of the children. She married Elwood Campbell, a high school science teacher, and raised their three children in Port Credit, Ontario, a town on the shores of Lake Ontario.

Campbell, with her sisters, gave $30 million to the Centre for Addiction and Mental Health in Toronto, and with her cousin Sherry Brydson they also endowed a downtown YWCA. In 2004, with her mother and sisters, Campbell directed what was then Canada's largest ever donation to a hospital -- $67.5 million over four years -- to support cancer research.

Milestones
  • 1931 Roy Thomson purchases a radio station in North Bay, Ontario.
  • 1933 Thomson buys his first newspaper, the Timmins (Ontario) Press.
  • 1976 Kenneth Thomson takes over the business from his father.
  • 2004 With sisters and mother, gives $67.5 million to Princess Margaret Hospital.
  • 2007 Audrey Campbell, oldest child of Roy Thomson, dies at age 90.
  • 2011 With sisters, donates $30 million to Centre for Addiction and Mental Health.
  • 2012 James Smith replaces Tom Glocer as Thomson Reuters CEO.
  • 2014 Thomson Reuters sales reach $12.6 billion for the year.