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Wednesday, October 18, 2006

Top 10 Richest people in the world 9

#9 Kenneth Thomson & family

Age: 82
Fortune: inherited and growing
Source: Publishing

Net Worth: 19.6

Country Of Citizenship: Canada
Residence: Toronto, Canada, North America
Industry: Media/Entertainment
Marital Status: married, 3 children
Canada's richest man still holds 68.5% of Thomson Corp. media conglomerate, founded in 1934 by his father, Roy. Today son David is chairman. Lately, Thomson has abandoned traditional printed titles for electronic media and financial services software. In 2004 acquired Tradeweb bond trading platform, which booked $42.8 trillion in trades last year. Same year sold 54 trade publications, including American Banker and The Bond Buyer, to Bahrain's Investcorp for $350 million. In his later years Thomson the elder has amassed an internationally famous art collection of some 3,000 pieces. In 2002 he purchased Peter Paul Rubens' "Massacre of the Innocents" for $77 million, the fourth-highest price ever paid for a painting at auction. The same year Thomson donated 2,000 works to the Art Gallery of Ontario and pledged $60 million for the museum's expansion.

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