Rosedale is a neighbourhood in central Toronto, Ontario, Canada. It was formerly the estate of William Botsford Jarvis, and so named by his wife, granddaughter of William Dummer Powell, for the wild roses that grew there in abundance. It is located north of Downtown Toronto and is one of its oldest suburbs. In 2013, Rosedale was ranked the best neighbourhood in Toronto to live in by Toronto Life. According to Today’s Senior Magazine, it is known as the area where the city's 'old money' lives, and is home to some of Canada's richest and most famous citizens including Gerry Schwartz, founder of Onex Corporation, Adrienne Clarkson, the 26th Governor General of Canada, and her husband, the author John Ralston Saul, as well as David Thomson, 3rd Baron Thomson of Fleet of the Thomson Corporation, the latter of whom is the richest man in Canada.