Fortune: inherited and growing
Source: Oil
Net Worth: 5.5
Country Of Citizenship: Canada
Residence: Saint John, Canada, North America
Industry: Oil/Gas
Marital Status: , no children
Secretive and sprawling, the empire founded in 1881 by J.D. Irving dominates the economy of New Brunswick and Maritime Canada. Crown jewel Irving Oil, which owns Canada's largest refinery, is benefiting from the global boom in fuel prices. The ruling triad of brothers also controls 3.6 million acres of timberland in Canada and Maine, 600 gas stations and four daily newspapers. Developing, with Spain's Repsol, a liquid natural gas terminal with 1 billion cubic feet daily capacity in St. John, N.B.. Family caught flak in Canadian papers in 2003 for boondoggles involving prominent Canadian politicians at their New Brunswick estate. Later donated $2 million to fund journalism programs at two New Brunswick universities.
Tuesday, February 5, 2008
James, Arthur & John Irving
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