A magnification varying optical system that directs light from an object to an image sensor includes in order from the object side: a first lens unit having negative optical power and including an optical axis changing element that changes the optical axis; a second lens unit having positive optical power and including three lens elements; a third lens unit having negative optical power; and a fourth lens unit having positive optical power. In this magnification varying optical system, in magnification varying from the wide-angle end to the telephoto end, the first lens unit is stationary, the distance from the first lens unit to the second lens unit decreases, and the distance from the third lens unit to the fourth lens unit increases. The magnification varying optical system satisfies the specified conditions.