Arthur Irving

$5.70 B

Ranked #445 in World

About Arthur Irving

Canadian billionaire Arthur Lee Irving, born in 1930, is the influential second son of K.C. Irving and magnate of Irving Oil Ltd. Educated at Lakefield College School and Acadia University, he has a net worth of US$4.2 billion as of June 2022. A resident of Saint John, New Brunswick, and a family man with five children, Arthur Irving's business ventures span oil, retail, and refineries, with a strategy of vertical integration across Irving companies. His commitment to education and society is evident in philanthropic gestures, such as donations to Acadia University and the establishment of the Arthur L. Irving Institute for Energy and Society. Among numerous honors, he was appointed an Officer of the Order of Canada and inducted into the Canadian Business Hall of Fame.

Born

July 14, 1930 in Saint John, New Brunswick, Canada

Source Of Wealth

Oil

Industries

Energy

Citizenship

Canada

Residence

Saint John

Spouse

Sandra Ring

Children

5, including Sarah Irving

Parent

K.C. Irving

Arthur Lee Irving was born in 1930 in Saint John, New Brunswick, Canada. He is the second son of industrialist K.C. Irving. Arthur Irving received his education at Lakefield College School and Acadia University.

Arthur Irving: Family

Arthur Irving is married and has five children. He currently resides in Saint John, New Brunswick, Canada.

Arthur Irving: Career Highlights

Arthur Irving is the sole owner of Irving Oil Ltd. through the Arthur Irving Family Trust. He inherited the company after his father's death in 1992. Irving Oil Ltd. is involved in various aspects of the oil industry, including retail stores, oil refineries, oil tankers, distribution terminals, and other facilities.

Arthur Irving: Companies

Following their father's death in 1992, ownership and responsibility for the Irving companies were divided among the three Irving brothers:

Arthur: Irving Oil, retail stores, oil refineries, oil tankers, distribution terminals, and other facilities.
J.K.: J.D. Irving (forestry, pulp and paper, tissue, building supplies, frozen food, transportation, shipping lines, shipbuilding, etc.).
Jack: construction, engineering, and steel fabrication companies (succeeded by eldest son John K. F. Irving after Jack's death in 2010).

It's worth noting that the Irving companies are vertically integrated, meaning they buy services and products from each other, keeping profits within their operations.

Arthur Irving: Major Achievements

Arthur Irving has made significant contributions to the business world and society. Some of his major achievements include:

Serving as Chancellor of Acadia University from 1996 to 2010.
Establishing the K.C. Irving Environmental Science Centre at Acadia University.
Dartmouth accepted $80 million from the Irving family in 2016 to set up the Arthur L. Irving Institute for Energy and Society.

Arthur Irving: Awards & Achievements

Arthur Irving's contributions have been recognized through numerous awards and honors:

Made an Officer of the Order of Canada in 2002.
Made a member of the Order of New Brunswick in 2012.
Inducted into the Canadian Business Hall of Fame in 2008 along with his brothers.

Arthur Irving: Personal Life & Legacy

Arthur Irving is known for his philanthropic efforts and commitment to education and environmental causes. He has made significant contributions to various institutions and organizations throughout his career.

Arthur Irving: Trivia

Arthur Irving has an estimated net worth of US$4.2 billion as of June 2022, making him one of the wealthiest individuals in Canada.

Wealth History

Timeline

1930

Arthur Lee Irving was born in Saint John, New Brunswick, Canada.

1992

Following their father's death, ownership and responsibility for the Irving companies were divided among Arthur, J.K., and Jack.

1996

Arthur Irving served as Chancellor of Acadia University from 1996 to 2010.

2002

Arthur Irving was made an Officer of the Order of Canada.

2008

Arthur Irving was inducted into the Canadian Business Hall of Fame along with his brothers.

2010

Arthur Irving stepped down as Chancellor of Acadia University.

2012

Arthur Irving was made a member of the Order of New Brunswick.

2016

Dartmouth accepted $80 million from the Irving family to set up the Arthur L. Irving Institute for Energy and Society.

Arthur Irving : FAQs

What is Arthur Irving's net worth?

As of 2023, Arthur Irving's net worth was $5.70 billion.

What are Arthur Irving's main sources of wealth?

Arthur Irving's main source of income comes from Oil.

In which industry does Arthur Irving primarily operate?

Arthur Irving is primarily involved in the Energy industry.

How many children does Arthur Irving have?

Arthur Irving has 5 children.

What is Arthur Lee Irving's background in terms of education and family?

Arthur Lee Irving was educated at Lakefield College School and Acadia University. He is married with five children and resides in Saint John, New Brunswick, Canada.

How did Arthur Lee Irving inherit his business interests, and what are they?

Following their father's death in 1992, Arthur Irving inherited Irving Oil Ltd which includes retail stores, oil refineries, oil tankers, distribution terminals, and other facilities, through the family division of companies.

What contributions has Arthur Lee Irving made to academia and society?

Arthur Lee Irving served as Chancellor of Acadia University from 1996 to 2010, established the K.C. Irving Environmental Science Centre at Acadia, and in 2016, Dartmouth accepted $80 million from the Irving family to set up the Arthur L. Irving Institute for Energy and Society.

What honors and awards has Arthur Lee Irving received for his work?

Arthur Lee Irving was made an Officer of the Order of Canada in 2002, a member of the Order of New Brunswick in 2012, and was inducted into the Canadian Business Hall of Fame in 2008.