Gaye Farncombe Net Worth, Age, Family & Biography $7.57B Real Time Net Worth #315 in the world today

Avan Parvadiya — Tue, 30 May 2023 17:35:07 +0000

About Gaye Farncombe

Gaye Farncombe is another Thomson family member who owns a stake in the business. As indicated by Bloomberg, the Chief World, Gaye Farncombe has a total assets of $9.4 billion ($7 billion USD). Farncombe is one more granddaughter of the incomparable Canadian paper tycoon, Roy Thomson. Phyllis Audrey Thomson was her mom. Farncombe is the sister of Linda Campbell, a billionaire.

Gaye Farncombe

Gaye Farncombe Career

Woodbridge, an investment firm that manages the family fortune that was established by Canadian media mogul Roy Thomson, is the source of the majority of Farncombe’s wealth. Thomson left his estate to his three children when he died in 1976. According to a person with knowledge of the family’s assets but who requested anonymity because Woodbridge is a closely held company, his son Kenneth received 42% of the estate, while his two daughters Audrey and Irma received 33% and 23% of the estate, respectively.

Every successor equitably split their portion between Woodbridge among their youngsters, the source said. Each sibling—David, Peter, and Taylor—received 14% of Woodbridge. Linda Campbell, Susan Grange, and Gaye Farncombe, all three of Audrey’s children, each received 11%. A cousin, Sherry Brydson, the lone offspring of Irma, possesses around 23%.

Gaye Farncombe Facts

Farncombe, with her sisters, gave $30 million to the Middle for Enslavement and Emotional well-being in Toronto, and with her cousin Sherry Brydson, they likewise supplied a midtown YWCA. Together with her mother and sisters, Farncombe made the largest donation ever made to a hospital in Canada in 2004—a total of $67.5 million spread out over four years—to support cancer research.