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Arthur L. Irving, Canadian Industrialist, Passes Away at 93

SAINT JOHN, New Brunswick (AP) — Arthur L. Irving, one of Canada’s richest people and the son of industrialist K.C. Irving, has died at the age of 93 after a life dedicated to the growth of the oil business his father established. Irving Oil, the company he devoted his life to, announced that he passed away on Monday, surrounded by his wife, Sandra, and daughter, Sarah.

Forbes Magazine recognized Arthur Irving as one of the top 10 wealthiest Canadians in 2023. At the time of his death, his estimated net worth was US$6.4 billion, which includes owning Canada’s largest refinery in New Brunswick as well as the Whitegate refinery in Ireland.

Born in 1930, Irving attended Nova Scotia’s Acadia University before joining Irving Oil in 1951, where he worked alongside his father and siblings. He became the president of the company in 1972 and was the chairman emeritus until his passing.

Irving’s death comes at a time when the company’s Saint John refinery is under a “strategic review” due to the global shift towards renewable energy sources prompted by climate change.

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While Arthur Irving was credited with expanding the company’s success, his personal life was marked by family challenges, including his divorce in 1980 and his estrangement from his eldest son. His business interests were closely tied to his brothers, J.K. and Jack, until they separated their business ventures in 2009, with Arthur taking control of the energy sector.

In a statement, the company described Irving as a “steadfast champion of Atlantic Canada and its people” and a one-of-a-kind individual. His legacy will be remembered by many as an influential figure in the Canadian business landscape.

“In this immense loss, we know there will never be another like him,” the company expressed.

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