|Net Worth:||$50 Million|
|Birthday:||May 28, 1954|
|Age:||68 years old|
|Height:||6.1 feet (182cm)|
|Last Updated:||December, 2022|
John Tory is a Canadian politician who has been serving the 65th mayor of Toronto since December of 2014. He also worked as a businessman, lawyer and political strategist. Tory currently has a net worth of 50 million USD.
How Did John Tory Become Rich?
The mayor of Toronto was born on May 28, 1954, in a city of Toronto, Ontario, Canada, in a family of lawyers and businessmen which influenced his choice of career. Following in the footsteps of his father and grandfather, John Tory attended The University of Toronto Schools, receiving his Bachelor of Arts in political science in 1975. He continued his studies at York University, at Osgood Hall Law, where he obtained his Bachelor of Law degree in 1978 and was called to the bar in 1980.
With regards to his business career, Tory was first hired by Ted Rogers, a family friend, as a journalist. He worked for Rogers Broadcasting’s Toronto radio stations called CFTR and CHFI from 1972 to 1979. After this, he worked at Tory Tory DesLauriers & Binnington from 1980 to 1995, with a five-year gap between 1981 and 1986. Over the years, he held various positions such. Some of them were Managing Partner and Executive Committee Member.
In the five-year gap mentioned previously, John Tory worked in the office of Bill Davis, the premier of Ontario, where he held the position of associate secretary of the cabinet and served as principal secretary to the premier. After Bill Davis retired, Tory joined the Canadian Special Envoy as a special advisor. The office had been appointed by the government to review matters of air quality. Next, he worked for Prime Minister Brian Mulroney, serving as campaign chairman and tour director. During this time, Tory managed the 1993 federal election for Kim Campbell, Mulroney’s successor.
When he returned to Rogers Communications, John Tory held a different position: president and CEO of Rogers Media, one of the largest broadcasting and publishing companies in Canada. He worked with various radio and television stations, specialty TV channels and consumer and trade magazines such as Sun Newspaper and Toronto Sun. In 1999, he became CEO and president of Rogers Cable, a subsidiary of the main company, which he managed for some time. When Ted Rogers announced that he would remain the CEO and president of Rogers Communications, John Tory stepped down and changed career paths, evolving towards the sports industry. From 1996 to 2000, he was the ninth commissioner of the Canadian Football League.
What Is John Tory Net Worth?
From a financial point of view, John Tory’s life changed when he entered the political arena. In November 2003, Tory ran in the election for mayor of Toronto, but he finished in second place, after councilor David Miller. In March 2004, Tory sought the leadership of the Canadian Progressive Conservative Party. He obtained the victory one year later. In 2014, he became the mayor of Toronto. He currently has a salary of 197, 316 USD per year.
When it comes to honors and awards, John Tory was made a member of the Order of Ontario in 2012. He was recognized as “a consummate champion for the Greater Toronto Region as a founding member and chair of CivicAction and chairs and volunteers on countless fundraising campaigns“. He also received the Queen Elizabeth II Diamond Jubilee Medal, a commemorative medal awarded for ‘significant contributions and achievements by Canadians’. Apart from this, in 2011, Tory’s work as co-chair to DiverseCity was honored by a Harry Jerome Award.
How John Tory Spends His Money?
As a political figure, mayor John Tory keeps his privacy when it comes to matters of lifestyle, expenditures, prices of his car and house. We do know that he was born into wealth and privilege, so it can only be expected that his current lifestyle is not much different from his early life. His family is composed of wealthy and successful people. For example, his godfather ran the venerable firm Torys LLP and has connections all around Canada.
He invests his time and energy into charities and fundraising campaigns. For instance, he acted as chair of different fundraising campaigns for St. Michael’s Hospital, United Way, and the Toronto International Film Festival’s Bell Lightbox Theatre.
- When he was the campaign co-manager for the Progressive Conservative Party, John Tory authorized two infamous ads that ridiculed Jean Chretien, a Liberal candidate whose face is partially paralyzed due to a childhood disease. The Canadian public was scandalized by this occurrence and massive protests arose. The ads were withdrawn after the very first airings, but the impact on the Party’s image was negative. The memory of Tory’s poor choice lingered on all throughout the federal election.
- Throughout his life, Tory maintained his interest in being a broadcaster. He hosted a public affairs program for many years, and he was a member of Metro Inc., the parent corporation for Metro and Food Basics grocery stores.
- Around the killing of George Floyd, he responded to the calls for police reform by tabling a motion to change the Toronto Police Service. This decision demonstrated his implication in the community’s life, showing that he not only listens to the public opinions and complains, but also takes action when necessary.
- In 2020, John Tory proclaimed November 22 to be the National Housing Day. By this announcement, he manifested his solidarity with those citizens experiencing financial struggles and homelessness. He is an active fighter against this social problem and takes as many measures as he can in order to alleviate the homelessness crisis.
- He is a very likable and agreeable person, always brimming with good intentions. These character traits determined some of the people in his circle of friends to worry whether he isn’t too naïve for the difficulties that lie ahead. His associates also worry about his optimism and strong sense of purpose, thinking that Tory might be too kind and polite for the gruesome world of politics. One of his former associates even claimed, we quote: “He’s too nice a guy for this job.”.