John Tory Net Worth
John Tory Net Worth

John Tory Net Worth: How Rich is the Canadian Politician?

John Howard Tory OOnt KC is a Canadian politician, businessman, broadcaster, and lawyer. Early in his career, Tory worked as a lawyer, businessperson, and political strategist.

In the 2003 Toronto municipal election, he stood unsuccessfully for mayor. He later rose to the post of leader of the Ontario Progressive Conservative Party, a position he held for more than four years.

In the interim, he served as the 33rd Leader of the Opposition in Ontario for a few years before being elected to the Ontario Provincial Parliament in 2005 as a representative for Dufferin—Peel—Wellington—Grey.

Following his departure as the leader of the Ontario Progressive Conservative Party, he began hosting a radio discussion program on CFRB.

After serving as the non-profit, non-partisan group CivicAction’s volunteer chair, Tory stood in the 2014 Toronto mayoral race and this time defeated incumbent Mayor Rob Ford’s brother Councilor Doug Ford as well as former councilor and MP Olivia Chow. In December 2014, Tory became the 65th Mayor of Toronto.

John Tory Net Worth: What is His Salary?

As of 2023, John Tory estimated net worth is $50 million. His work as a businessman and mayor is his primary source of income. Tory’s prosperous job has allowed him to enjoy opulent lifestyles and expensive vacations.

He is one of Canada’s wealthiest and most powerful mayors. His salary for 2023 ranges from $162,574 to $475,483, however after taking into account bonuses, benefits, and other incentives, he made a lot more money than he did in 2022.

Nevertheless, Tory received recognized for being “a consummate champion for the Greater Toronto Region as a founder member and chair of CivicAction and chairs and volunteers on innumerable fundraising projects” when he was named a member of the Order of Ontario in 2012.

The Queen Elizabeth II Diamond Jubilee Medal was also awarded to Tory. Tory received the Harry Jerome Award in 2011 for his contributions to DiverseCity as co-chair.

Full Name John Howard Tory
Nickname John Tory
Net Worth $50 million
Salary $162,574 to $475,483
Date of Birth May 28, 1954
Place of Birth Toronto, Ontario, Canada
Age 68 years old 
Height 6 feet 
Nationality Canadian
Profession Canadian Politician, Businessman, Broadcaster, and Lawyer

The Early Years of John Tory

John Howard Tory, the eldest child of John A. Tory and Elizabeth, was born on May 28, 1954, in Toronto, Ontario, Canada.

His father was a Canadian lawyer and businessman who oversaw Rogers Communications and served as president of Thomson Investments Limited.

The Toronto-based law practice Torys was established by his grandpa John S. D. Tory. One sister, Jennifer, and two brothers, Jeffrey and Michael, make up Tory’s family.

He attended the University of Toronto Schools in the same manner as his father and grandfather. In 1975, he graduated from the University of Toronto’s Trinity College with a Bachelor of Arts in political science.

He then attended York University’s Osgoode Hall Law School, where he graduated with a Bachelor of Laws in 1978. He got a call to the bar in 1980. He belongs to the United Church of Canada.

John Tory Business Career

From 1972 until 1979, Tory served as a journalist for the Rogers Media-owned Toronto radio stations CFTR and CHFI after Ted Rogers, a family friend, hired him.

From 1980 to 1981 and again from 1986 to 1995, he remained connected to Tory, Tory, DesLauriers & Binnington, serving in a variety of capacities such as a partner, managing partner, and Executive Committee member.

From 1981 until 1985, he served as assistant secretary of the cabinet and senior secretary to Ontario Premier Bill Davis. He then worked as a special advisor in the Canadian Special Envoy on Acid Rain’s office.

In addition to managing Kim Campbell’s campaign during the 1993 federal election, he continued to serve as the then-prime minister Brian Mulroney’s campaign chairman and tour director.

John Tory Net Worth
John Tory Net Worth

From 1995 to 1999, he held the positions of president and CEO of Rogers Media and Rogers Cable, two Rogers-affiliated companies.

Tory served as the ninth commissioner of the Canadian Football League from 1996 until 2000.

He hosted a public affairs program on Rogers Cable’s community access channel for the numb several. He continued to serve on the board of Metro Inc., a Canadian food retailer.

John Tory Political Career in Toronto

For six years, Tory remained a crucial supporter of Toronto’s 62nd mayor Mel Lastman and co-chaired his campaigns for office in 1998 and 2000.

Following Lastman’s announcement that he would not seek reelection, Tory entered the contest for mayor of Toronto in the November 2003 election, which David Miller ultimately won.

Afterward, Tory supported Miller and another mayoral candidate, Barbara Hall, in their efforts to raise money to cover their campaign debts.

After Ernie Eves, the leader of the Progressive Conservative Party of Ontario at the time, declared his intention to step down, Tory made his candidature public on May 6, 2004.

He received almost 54% of the vote on the second ballot to win the leadership, and he served as Ontario PC Party Leader from September 28, 2004, to March 20, 2009.

On January 31, 2005, Eves announced her resignation as the Dufferin—Peel—Wellington—Grey representative to the Ontario Provincial Parliament, clearing the way for Tory to run in what is thought to be the most secure Conservative seat in the province.

On March 17, 2005, Tory received 56% of the vote in the by-election, and on March 29, 2005, he was sworn in as the new MPP for Ontario.

From March 29, 2005, to October 10, 2007, he served as Ontario’s 33rd opposition leader, taking Bob Runciman’s place.

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On October 10, 2007, the provincial election for Ontario was conducted, and he ran from the Don Valley West electoral district.

The riding attracted media attention during the election since incumbent MPP and Ontario Liberal Education Minister Kathleen Wynne defeated Tory, who had spent the majority of his life there and was at the time the head of the Progressive Conservative Party of Ontario.

After losing to Liberal candidate Rick Johnson in the by-election held on March 5, 2009, in Haliburton—Kawartha Lakes—Brock, a PC riding in central Ontario largely seen as safe, Tory resigned as party leader. Bob Runciman then took over as temporary leader.

Weeks after his tenure as a provincial politician came to an end, Tory resumed his broadcasting career by accepting the position of host of a Sunday night phone-in show at Toronto’s CFRB AM radio station.

The John Tory Show was broadcast simultaneously on CKTB in St. Catharines and CHAM in Hamilton. Tory was simultaneously looking for jobs in the legal, commercial, and nonprofit industries.

For the 4 pm to 7 pm new show “Live Drive,” which debuted on October 5, 2009, he was moved to the CFRB’s Monday through Friday afternoon time slot.

On February 21, 2014, Tory made his final appearance on the program before announcing his bid for mayor. He received a Harry Jerome Award in 2011 for his role as co-chair of DiverseCity.

He also received the Queen Elizabeth II Diamond Jubilee Medal. He thought about running against Toronto Mayor David Miller in the 2010 municipal election but decided against it so he could continue his radio show and take on the role of Board Chair of CivicAction, which he held from 2010 to 2014.

He was made a member of the Order of Ontario in 2012 in recognition of his involvement with CivicAction as a founding member and chair as well as serving as chair and volunteer on various fundraising projects.

Tory registered his candidature for the 2014 Toronto mayoral election on February 24, and the vote was held on October 27 of that year.

Doug Ford, a city councilor and brother of the outgoing mayor Rob Ford, as well as former Trinity—Spadina MP Olivia Chow, were defeated by Tory in the election. On December 1, 2014, Tory took office as Toronto’s 65th mayor.

On June 7, 2015, Tory requested the Toronto Police Board to invalidate the guidelines governing the use of this contentious policy, which permitted officers to stop anyone they felt was suspicious at random and verify their identification and personal information.

Tory has continued to support the restoration of the Gardiner Expressway east of Jarvis Street, despite even though others, including former Mayor David Crombie, preferring to demolish it.

His proposal to create a 21-acre greenspace in the heart of the city, to be erected over the Railway Lands, was submitted in August 2016. He is also in favor of creating a one-stop extension of Toronto subway Line 2.

On May 1, 2018, Tory announced his intention to run for mayor of Toronto in the upcoming election. Tory was re-elected for a second term in the election that was place on October 22 of that year.

During his previous term as mayor, Tory honored his promise to keep property tax hikes below or at least at the rate of inflation, and he has made the same commitment this time around.

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