Irving family (New Brunswick)

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The Irving family is a wealthy Maritime family located mostly in New Brunswick, Canada. [1]

Contents

Description

The Irving family is the wealthiest in New Brunswick [2] and one of the richest families in Canada. [1] The family was headed by Scottish born James Dergavel Irving, known by J.D., who founded the lumber business J. D. Irving. [3] J.D. had one son K. C. Irving (1899–1992), who in turn had three sons:

  1. James K. Irving, known as J.K., (1928–2024) [4]
  2. Arthur Irving, known as Art, (1930–2024) [5]
  3. John E. Irving known as Jack (1932–2010)

Wealth

J.K. Irving's fortune was estimated by Forbes as between $4.1 billion and $8.3 billion between 2012 and 2022. Arthur's wealth was estimated to be between $1.9 billion to $5.5 billion. [1] The tax affairs of the family were reported on by German newspaper Süddeutsche Zeitung and the International Consortium of Investigative Journalists after making their way into the public domain via the release of the Paradise Papers. [1]

Businesses

James Dergavel Irving started the family business empire by opening a gas station in Bouctouche. Since then the range of businesses owned has grown to over 250 located throughout Canada and the United States. In 2017, the various petrochemical, logistics, retail, and media companies were estimated to be worth $10 billion. [6]

James K. Irving-led lumber and paper business Irving Pulp and Paper are the largest private sector employer in New Brunswick. [1] [2] Irving Oil, led by Arthur Irving is the largest oil refinery in Canada. [1]

List of members

Sources: [7] [8]

Italics denotes the person is married to the person above, and is thus not a member of the family by birth.

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Kenneth Colin Irving, was a Canadian businessman whose business began with a family sawmill in Bouctouche, New Brunswick, in 1882. In 1989, he was made an Officer of the Order of Canada.

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Irving Oil Ltd. is a Canadian privately-owned intergenerational gasoline, oil, and natural gas producing and exporting company, a subsidiary of the parent company Irving Group of Companies,—one of the largest "private conglomerates" in North America. Irving Oil was one established in 1924 by Canadian oil baron and billionaire, Kenneth "K.C." Irving, whose family fortune when he died in 1992 was estimated by Forbes at USD$5 billion. His son, Arthur, became chairman and president of Irving Oil.

James Kenneth Irving, was a Canadian billionaire businessman and the first of three sons in the Irving family born to industrialist K.C. Irving. Born in Saint John, New Brunswick, he was the owner and later chairman of J. D. Irving. By the time of his death, his net worth was estimated between $5.5 and $7.2 billion.

John Ernest Irving CM was a Canadian businessman, the youngest son of the industrialist K. C. Irving and his wife, Harriet Lila Irving.

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Arthur Lee Irving was a Canadian billionaire businessman, the second son of industrialist K. C. Irving of the Irving family. Born in Saint John, New Brunswick, Irving served as the president of Irving Oil, of which he later became the sole owner through the Arthur Irving Family Trust. By the time of his death, his net worth was estimated between US$6.4 billion and US$9.8 billion.

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J. D. Irving Limited (JDI) is a privately owned conglomerate company headquartered in Saint John, New Brunswick, Canada. It is a part of the Irving Group of Companies and consists of various subsidiaries such as Irving Tissue, Irving Equipment, Kent Building Supplies, New Brunswick Railway, New Brunswick Southern Railway, Eastern Maine Railway, Maine Northern Railway, Brunswick News, Acadia Broadcasting, Irving Shipbuilding, and Cavendish Farms, among others. It is involved in many industries including forestry, forestry products, agriculture, food processing, transportation, and shipbuilding. JDI along with Irving Oil, Ocean Capital Investments and Brunswick News, forms the bulk of the Irving Group of Companies, which groups the interests of the Irving family.

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Acadia Broadcasting Limited is a Canadian radio broadcasting network that operates 5 FM radio stations in Northwestern Ontario and 10 in the Atlantic Canadian provinces of New Brunswick and Nova Scotia. It is owned by Ocean Capital Investments which is considered a part of the Irving Group of Companies. It is headquartered at 58 King Street in Saint John, New Brunswick. The company was formed by a 2001 operations merger between the Saint John based New Brunswick Broadcasting Company and the Bridgewater, Nova Scotia based Acadia Broadcasting Co. Limited. In 2003, the merged companies began operating under the simpler shared name, Acadia Broadcasting Limited. Since the merger, Acadia Broadcasting has launched new stations and acquired several stations owned and operated by other broadcasters throughout the provinces of Nova Scotia, New Brunswick and Ontario. Acadia Broadcasting radio stations attract a monthly average of over 400,000 listeners, and their websites see 5.3 million pageviews over the same period. Their markets are reached by an average of 8,400 advertising clients.

The proposed sale of NB Power was an attempted takeover of New Brunswick's Crown corporation public utility assets by Hydro-Québec, Canada's largest utility. Announced on October 29, 2009, by premiers Shawn Graham of New Brunswick and Jean Charest of Quebec, the deal ultimately collapsed in March 2010 after months of controversy.

<span class="mw-page-title-main">Grand-Bouctouche</span> Place in New Brunswick, Canada

Grand-Bouctouche is a Canadian town in Kent County, New Brunswick.

The Irving Group of Companies is an informal name given to those companies owned and controlled by the Irving family of New Brunswick—descendants of Canadian industrialist K.C. Irving: his sons James K. (1928–2024), Arthur (1930–2024), and John (1932–2010), and their respective children.

<span class="mw-page-title-main">Donald J. Savoie</span> Canadian public administration and regional economic development scholar

Donald Joseph Savoie is a Canadian public administration and regional economic development scholar. He serves as a professor at l'Université de Moncton. In 2015, he was awarded the Killam Prize for his contribution to the field of social sciences.

James Dargavel Irving (1860–1933) was a Canadian businessman based in Bouctouche, New Brunswick. He was the patriarch of the Irving family, having been the father to K. C. Irving.

Sarah Irving is a Canadian business executive who was the Executive Vice President and Chief Brand Officer of Irving Oil, a member company of the Irving Group of Companies, since 2015. She is the granddaughter of K. C. Irving, and heir to billionaire Arthur Irving with an estimated net worth of US$7.01 billion.

Jean E. Irving was a Canadian heiress and philanthropist. She was married to James K. Irving, a member of the prominent Irving family of New Brunswick, and was well known in the province for her philanthropic work. She was awarded the Order of New Brunswick in 2013. She had an estimated net worth of 900 million dollars and donated most of her wealth by the time she died. She amassed a collection of modern art, which was donated to the Beaverbrook Art Gallery upon her death..

References

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  23. cpladmin (2019-10-18). "Commercial Properties is excited to welcome John Oxley to our team". Commercial Properties Limited. Retrieved 2023-07-09.
  24. https://cplre.ca/2019/10/18/welcome-john-oxley/.{{cite web}}: Missing or empty |title= (help)
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