Ian Wood & family

$2.02 B

Ranked #2001 in World

About Ian Wood & family

Scottish billionaire Sir Ian Clark Wood, lauded for elevating Wood Group into a global enterprise in the energy sector, has played a pivotal role in the business world since joining the family business in 1967. With reported assets exceeding £1.7 billion in 2020, Wood's influence spans through his philanthropic venture, The Wood Foundation, improving lives across sub-Saharan Africa and Scotland. Despite controversies, including a revoked honorary degree to Donald Trump, Sir Wood's legacy features significant investments in education and industry honors, including a knighthood and the prestigious Order of the Thistle.

Born

July 21, 1942 in Aberdeen, Scotland

Age

83 years

Source Of Wealth

Energy Services

Industries

Energy

Citizenship

United Kingdom

Residence

Aberdeen

Spouse

Helen Wood

Children

Sir Ian Clark Wood was born on 21 July 1942 in Aberdeen, Scotland. He received his early education at Robert Gordon's College and later pursued psychology at the University of Aberdeen, graduating in 1964.

Ian Wood & family: Family

Sir Ian Wood is married to Helen, and together they have three sons and six grandchildren. The family resides in Aberdeen, Scotland, with a second home located at Loch Tummel in Perthshire.

Ian Wood & family: Career Highlights

After completing his university education, Sir Ian Wood joined the family business, which was then a local company. He quickly rose through the ranks and became the managing director in 1967. Under his leadership, Wood Group transformed into a large corporation operating in over 50 countries.

Sir Ian served as Wood Group's CEO from 1967 to 2006 and continued as chairman until 2012. During his tenure, he oversaw the company's remarkable growth and expansion, establishing it as a prominent player in the oil and gas industry.

Ian Wood & family: Companies

Sir Ian Wood is primarily associated with Wood Group, the company that he transformed from a local business into a global corporation. Wood Group operates in various sectors, including energy, engineering, and consulting, with a presence in over 50 countries.

Ian Wood & family: Major Achievements

One of Sir Ian Wood's major achievements is the successful transformation of Wood Group from a local company to a global corporation. Under his leadership, the company experienced significant growth and expansion, becoming a prominent player in the oil and gas industry.

Sir Ian is also recognized for his philanthropic efforts through The Wood Foundation, which he established in 2007. The foundation focuses on venture philanthropy, supporting initiatives aimed at improving the lives of people in sub-Saharan Africa and promoting youth development in Scotland.

Ian Wood & family: Awards & Achievements

Sir Ian Wood has received numerous awards and recognitions for his contributions to the business and philanthropic sectors.

Some of his notable honors include:

Commander of the Order of the British Empire (CBE) in 1982
Honorary Doctor of Laws (LL.D.) degree from the University of Aberdeen in 1984
Knight Bachelor in 1994
Honorary Doctor of Business Administration (DBA) degree from Robert Gordon University in 1998
Honorary Doctor of Technology (D.Tech.) degree from Glasgow Caledonian University in 2002
Honorary Doctor of Engineering (D.Eng.) degree from Heriot-Watt University in 2012
Knight Grand Cross of the Order of the British Empire (GBE) in 2016
Knight of the Order of the Thistle (KT) in 2018

Ian Wood & family: Personal Life & Legacy

Sir Ian Wood is known for his dedication to philanthropy and his commitment to improving the lives of others. Through The Wood Foundation, he supports various initiatives focused on poverty alleviation and youth development. He is also actively involved in the local community and has made significant contributions to educational institutions and cultural organizations.

Sir Ian's legacy lies in his remarkable transformation of Wood Group, his philanthropic endeavors, and his dedication to social responsibility. He continues to be an influential figure in the business and philanthropic communities, inspiring others to make a positive impact on society.

Ian Wood & family: Trivia

Sir Ian Wood was awarded an honorary degree by Robert Gordon University in 2010, which was later revoked due to protests surrounding the university's decision to honor Donald Trump with a similar degree.
In 2011, Wood Group faced criticism for transferring North Sea staff to a tax haven, raising concerns about tax avoidance practices.
Sir Ian Wood has a keen interest in golf and is a member of the Royal Aberdeen Golf Club.
He is a supporter of the Scottish National Party (SNP) and has expressed his support for Scottish independence.

Wealth History

Timeline

21 July 1942

Sir Ian Clark Wood is born in Aberdeen, Scotland.

1964

Ian Wood graduates from the University of Aberdeen with a degree in psychology.

1967

Ian Wood joins the family business, Wood Group, and becomes its managing director.

1982

Ian Wood is appointed Commander of the Order of the British Empire (CBE) for his services to the oil and gas industry.

1984

Ian Wood receives an honorary Doctor of Laws (LL.D.) degree from the University of Aberdeen.

1994

Ian Wood is knighted by Queen Elizabeth II for his services to the oil and gas industry.

1998

Ian Wood receives an honorary Doctor of Business Administration (DBA) degree from Robert Gordon University.

2002

Ian Wood receives an honorary Doctor of Technology (D.Tech.) degree from Glasgow Caledonian University.

2004

Ian Wood becomes the chancellor of Robert Gordon University.

2006

Ian Wood retires as CEO of Wood Group.

2007

Ian Wood establishes The Wood Foundation, a philanthropic organization focused on venture philanthropy.

2010

Ian Wood awards an honorary degree to Donald Trump at Robert Gordon University, which is later revoked due to protests.

2011

Wood Group transfers North Sea staff to a tax haven, which is criticized for tax avoidance.

2012

Ian Wood retires as chairman of Wood Group and receives an honorary Doctor of Engineering (D.Eng.) degree from Heriot-Watt University.

2014

Ian Wood's net worth is estimated to be £1.32 billion.

2016

Ian Wood is promoted to Knight Grand Cross of the Order of the British Empire (GBE) for his services to the oil and gas industry.

2018

Ian Wood is appointed Knight of the Order of the Thistle (KT) for his services to Scotland.

Ian Wood & family : FAQs

What is Ian Wood's current net worth?

Ian Wood's current net worth is $2.02 billion.

What is Ian Wood's current global rank among billionaires?

Ian Wood holds the 2001st position globally among billionaires.

What is Ian Wood's current ranking within the United Kingdom?

Ian Wood holds the 37th position in United Kingdom.

What was the change in Ian Wood's net worth compared to the previous year?

Ian Wood's net worth decreased by 2.98 million dollars compared to the previous year 2025, when his net worth was 2.02 billion dollars.

What are Ian Wood's main sources of wealth?

Ian Wood's main source of income comes from Energy Services.

In which industry does Ian Wood primarily operate?

Ian Wood is primarily involved in the Energy industry.

How old is Ian Wood?

Ian Wood is 83 years old.

How many children does Ian Wood have?

Ian Wood has 3 children.

Who is Sir Ian Clark Wood and how significantly has he impacted Wood Group?

Sir Ian Clark Wood is a Scottish billionaire businessman and philanthropist, known for his pivotal role in transforming Wood Group from a modest local company into a global corporation operating in over 50 countries. He served as the CEO from 1967 to 2006 and as chairman until 2012, steering the company to international success.

What is the focus of The Wood Foundation established by Sir Ian Clark Wood?

The Wood Foundation, established by Sir Ian Clark Wood in 2007, is a venture philanthropy organization that focuses on facilitating market development for the poor in sub-Saharan Africa and supporting youth development in Scotland.

What honors and accolades has Sir Ian Clark Wood received for his services?

Sir Ian Clark Wood has been recognized with numerous honors, including being appointed Commander of the Order of the British Empire (CBE) in 1982, receiving a knighthood in 1994, and subsequently being promoted to Knight Grand Cross of the Order of the British Empire (GBE) in 2016, as well as being appointed Knight of the Order of the Thistle (KT) in 2018. He also holds several honorary doctorates from prestigious universities.

What controversies has Sir Ian Clark Wood been involved in?

Sir Ian Clark Wood faced controversy when he awarded an honorary degree to Donald Trump in 2010, which was later revoked due to protests. Additionally, Wood Group's transfer of North Sea staff to a tax haven in 2011 attracted criticism over tax avoidance issues.