Billionaire Arthur Irving, one of Canada's richest men, dies at age 93

SAINT JOHN, News Brunswick — Arthur L. Irving, one of Canada ’s richest people and the son of Canadian industrialist K.C. Irving, has died at the age of 93 after a life spent growing the oil business his father founded.

Forbes Magazine listed Arthur Irving as being among the top 10 richest Canadians in 2023. At the time of his death, he had an estimated net worth of US$6.4 billion, which includes a refinery in New Brunswick that is Canada’s largest, along with the Whitegate refinery in Ireland. “I had the choice to go on at Acadia or learn about business from the best teacher available anywhere — my father,” he told author Donald Savoie in his 2020 book about Irving Oil. “I went with the best teacher.”His death comes as the company’s Saint John refinery is undergoing a “strategic review” to determine its future, as climate change is prompting a shift away from fossil fuels in some nations.

Poitras noted that Kenneth, “his son and heir,” was notably absent after a falling out led to his departure from the company in 2010. “Arthur, in his eighties, was surrounded by admirers, yet alone. His refinery loomed in the background ... but his family was torn asunder,” Poitras wrote.

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