Irving Family (New Brunswick)

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

Description

The Irving Family is the wealthiest in New Brunswick[2] and one of the riches 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 had three grandsons:

  1. James K. Irving, known as J.K., (born 1928)[4]
  2. Arthur Irving, known as Art, (born 1930),[5] and
  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 family's wealth is held in three offshore bank accounts in Bermuda. Two were formed in 1976 and a third (the K.C. Irving Estate Trust) in 1992 when K. C. Irving died.[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[7]
  • James Dergavel Irving (1860–1933), Bouctouche businessman.
  • K. C. Irving (1899–1992), billionaire oil businessman, his business was split up upon his death.[8] Estimated 20 billion modern dollars.[6]
  • John E. Irving (1932–2010), owner of construction, engineering, and concrete and steel fabrication companies. 5.8 billion dollar net worth.
  • Arthur Irving (born 1930), owner of Irving Oil and its refineries. 4.2 billion dollar net worth.[9]
  • James K. Irving (born 1928), owner of Brunswick News and J. D. Irving, Limited. 6.9 billion dollar net worth.[10]
  • Jean E. Irving (1926–2019), married into the family via James K. Irving. Philanthropist and art collector. Net worth of 900 million 2019 dollars
  • Jim Irving Jr. (born c. 1960), co-CEO of J.D. Irving Ltd along with his brother Robert.[11]
  • Robert Irving (born c. 1960), son of Jean and James. Co-CEO of J. D. Irving. He is also president of the Moncton Wildcats.[12][13]
  • Mary Jean Irving (born c. 1960), daughter of Jean and James. She is the richest person in Prince Edward Island with a net worth upwards of 250 million.[14]
  • Sarah Irving (born c. 1985), daughter of Arthur. Vice President and Chief Brand Officer of Irving Oil, she is the supposed heir to the empire.
  • Colonel John K. F. Irving (born c. 1960), son of John, he took over most of his father's responsibilities after his death.[15][16]
  • Colin D. Irving (1963–2019), son of John. He did not follow the family's business interests and worked as a charitable volunteer and filmmaker.[17][18]

References
  1. Poitras, Jacques; Zalac, Frédéric (7 Nov 2022). "Irving's offshore split was a race against time — and taxes". CBC. Archived from the original on 4 January 2023. Retrieved 8 April 2023.
  2. Logan, Cloe (2023-03-01). "Billionaire Irvings get help from the feds". Canada's National Observer. Archived from the original on 2023-03-16. Retrieved 2023-04-08.
  3. ""J.D. Irving – About Us - History"". www.jdirving.com. Archived from the original on 7 November 2017. Retrieved 6 November 2017.
  4. "Bloomberg Billionaires Index - J K Irving". www.bloomberg.com. Archived from the original on 8 April 2023. Retrieved 11 November 2022.
  5. "About the Donors - The Arthur L. Irving Institute for Energy and Society". irving.dartmouth.edu. Archived from the original on 30 September 2017. Retrieved 29 June 2018.
  6. "Canada's Richest People: The Irving Family". Canadian Business. December 24, 2015. Archived from the original on October 4, 2022. Retrieved July 21, 2022.
  7. Akkad, Omar El. "The Irving family tree". The Globe and Mail. Archived from the original on 2022-09-23. Retrieved 2022-09-23.
  8. "K.C. Irving | The Canadian Encyclopedia". www.thecanadianencyclopedia.ca. Archived from the original on 2022-07-16. Retrieved 2022-07-16.
  9. "Arthur Irving". Forbes. Archived from the original on 2023-04-08. Retrieved 2022-07-16.
  10. "James Irving". Forbes. Archived from the original on 2023-04-08. Retrieved 2022-07-16.
  11. Akkad, Omar El (2007-11-22). "The Irving family tree". The Globe and Mail. Archived from the original on 2023-02-11. Retrieved 2023-02-11.
  12. "Irving CEO banned from Russia, says Russian Foreign Ministry". Canadian Broadcasting Corporation. May 24, 2022. Archived from the original on September 3, 2022. Retrieved September 3, 2022.
  13. "Order of Moncton - Robert K. Irving | City of Moncton". www.moncton.ca. Archived from the original on 2022-09-03. Retrieved 2022-09-03.
  14. "Mary-Jean Irving". JA New Brunswick Business Hall of Fame. Archived from the original on 2022-06-07. Retrieved 2022-09-03.
  15. "Past Hon Colonel John K.F. Irving". Archived from the original on 2022-07-16. Retrieved 2022-07-16.
  16. "John K. F. Irving". New Brunswick Business Council (in Canadian French). Archived from the original on 2022-07-16. Retrieved 2022-07-16.
  17. "Obituary of Colin Dargarvel Irving | Brenan's Paradise Row Funeral Home". brenansfh.com. Archived from the original on 2023-02-11. Retrieved 2023-02-11.
  18. "Colin Irving". IMDb. Archived from the original on 2023-02-11. Retrieved 2023-02-11.
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