John Tory is a Canadian businessman, lawyer, former politician, and former TV host with a net worth of $50 million. He used to be a big part of politics in Ontario.
He was the mayor of Toronto from 2014 to 2023; before that, he led the Progressive Conservative Party of Ontario from 2004 to 2009.
He also served as the leader of the Official Opposition in Ontario from 2005 to 2007. As mayor, he worked on improving the city and dealing with various challenges.
John Tory’s Net Worth
John Tory has made much money from his jobs as a businessman, lawyer, and former politician. With this wealth, he lives comfortably in Canada with his wife and four kids. Currently, his net worth is estimated to be $50 million.
House and Properties
John Tory, the ex-mayor of Toronto, has a few homes. He has a cozy spot by Lake Simcoe, a big apartment in Toronto’s fancy Bloor-Yorkville area, and a house in the exclusive Lost Tree Village in N Palm Beach, Florida. In Lost Tree, he’s got a modest bungalow, not too big, around 4,000 sq ft.
Tory has lived in this community since 2000 and upgraded his house in 2008.
Tory’s Florida home is not huge but has a lovely view of Lake Worth. This lake is famous for its nature and is excellent for fishing, boating, and enjoying wildlife.
Profile Summary
| Net Worth | $50 Million |
| Full Name | John Howard Tory |
| Age | 69 years old |
| Date of Birth | May 28, 1954 |
| Place of Birth | Toronto, Ontario, Canada |
| Nationality | Canadian |
| Occupation | Businessman, lawyer, and former politician and TV host |
| Parents | Father: John Arnold Tory Mother: Elizabeth Bacon |
| Siblings | Michael, Jeffrey, and Jennifer |
| Wife | Barbara Hackett |
| Children | Susan, Christopher, George, and John Jr |
| Socials | X (formerly Twitter) |
Early Life
John Howard Tory was born in Toronto, Ontario, on May 28, 1954. He is the firstborn child of Elizabeth Bacon and John Arnold Tory. John has three siblings (two brothers and one sister): Michael, Jeffrey, and Jennifer.
His father was a lawyer, corporate executive, Thomson Investments Limited president, and Rogers Communications director.
Regarding his educational background, John got his Bachelor of Arts degree in political science from Trinity College at the University of Toronto in 1975.
Later, in 1978, he earned his Bachelor of Laws degree from Osgoode Hall Law School at York University and was called to the bar in 1980.
Business and Political Career
In the early part of John Tory’s career, he worked in journalism and law. From 1972 to 1979, he was a journalist for Toronto radio stations CFTR and CHFI, thanks to a job offer from family friend Ted Rogers. Moving into law, he had various roles at Tory, Tory, DesLauriers & Binnington from 1980 to 1995, including partner and managing partner.
His political journey began in 1981 when he worked as the principal secretary in the office of Ontario Premier Bill Davis. He continued his political involvement by supporting Dianne Cunningham’s bid to lead the Ontario PCs in 1990. Tory then served as a special advisor to the Canadian Special Envoy on Acid Rain.
In federal politics, Tory worked closely with Prime Minister Brian Mulroney and managed the 1993 federal election campaign for Mulroney’s successor, Kim Campbell. However, his decision to authorize controversial campaign ads targeting Liberal candidate Jean Chrétien’s appearance led to public outcry, and the ads were withdrawn.
Returning to the business sector, Tory served as president and CEO of Rogers Media from 1995 to 1999, overseeing the company’s expansion into publishing and broadcasting. He became president and CEO of Rogers Cable in 1999, leading the company through a transition to an open marketplace and witnessing a significant increase in operating income.
Outside the corporate world, Tory served as the ninth commissioner of the Canadian Football League from 1996 to 2000. His ongoing interest in broadcasting led him to host a public affairs program on Rogers Cable’s community access channel. Additionally, he was a board member of Metro Inc., the parent corporation for Metro and Food Basics grocery stores based in Quebec.
John Tory’s Tenure As Mayor and Resignation
John Tory became the mayor of Toronto in 2014. He won the election by focusing on plans like building a Yonge Street relief line and introducing SmartTrack, an electric rail system. Despite some delays in SmartTrack, people still liked him.
After starting as mayor in December 2014, Tory worked with other levels of government and chose Deputy Mayor Denzil Minnan-Wong for his first term. In his third term, he picked Jennifer McKelvie as deputy mayor.
Tory ran for mayor again in 2018 and won with a big majority, getting 63.49% of the vote. People still liked him a lot. In 2022, he won again for a third term, defeating Gil Penalosa. During his time as mayor, Tory focused on important projects and working together with different levels of government, making people support him in elections.
On February 10, 2023, it was revealed that John Tory, the Mayor of Toronto, had an affair with a former staff member during the COVID-19 pandemic, which ended in early 2023. Tory admitted it was a “serious error of judgment.” Although there’s no law against politicians having relationships with staff, questions arose about whether it violated city policies.
In response to the situation, Tory held a press conference on the same day to announce his resignation as Mayor of Toronto.
He pledged to cooperate for a smooth transition, working with Deputy Mayor Jennifer McKelvie, City Manager Paul Johnson, and City Clerk John D. Elvidge. Tory officially submitted his resignation letter on February 16, setting his last day as February 17 at 5 p.m.
Personal Life
John Tory has been married to Barbara Hackett since 1978. They met in 1976 while studying law at York University. Barbara, who also studied business, was diagnosed with Guillain–Barré syndrome in 1991. The couple has four children: Susan, Christopher, George, and John Jr.
Honours and Recognitions
John Tory won the Harry Jerome Award for supporting diversity in 2011. Also, he became a member of the Order of Ontario for helping the Greater Toronto Region in 2012. He also got the Queen Elizabeth II Diamond Jubilee Medal and is a King’s Counsel.