⬅ # 307 Marie Besnier Beauvalot|# 309 Carl Bennet

# 308 Arthur Irving 


Real Time Net Worth
as of 4/16/2024
$21.0M (0.25%)

# 308 Arthur Irving 


Real Time Net Worth
as of 4/16/2024
$21.0M (0.25%)
OccupationOwner, Irving Oil
Source of WealthOil
ResidenceSaint John, Canada
Marital StatusMarried
Age-Adjusted Net Worth$845.75M
Arthur Irving
Arthur Irving
Net worth: $8.44B

Self-Made Score 

Wealth History

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Early Life

Arthur Lee Irving was born in 1930 in Saint John, New Brunswick, Canada.
He is the second son of industrialist K.C. Irving.
Irving was educated at Lakefield College School and Acadia University.

Family and Business Inheritance

Arthur Irving is a third-generation member of the Irving family dynasty.
His grandfather, James Dergavel Irving, founded the family business in the late 1800s.
His father, Kenneth Colin (K.C) Irving, expanded the family business to include oil operations in the 1920s.
Upon K.C. Irving's death in 1992, Arthur and his two brothers divided the family empire.
His brother James Irving oversees a conglomerate with interests spanning shipbuilding to forestry.
Irving now owns 100% of Irving Oil Ltd. through the Arthur Irving Family Trust.
Another brother, John Irving, managed the family's construction operations and owned a portion of Irving Oil until his death in 2010.

Business Ventures and Divisions

Arthur Irving is responsible for Irving Oil, including retail stores, oil refineries, tankers, distribution terminals, and other facilities.
His brother J.K. Irving oversees J.D. Irving, a conglomerate with interests in forestry, pulp and paper, building supplies, transportation, and shipbuilding, among others.
Jack Irving, another brother, was in charge of construction, engineering, and steel fabrication companies until his passing in 2010.
Following Jack Irving's death, his eldest son, John K. F. Irving, succeeded him in his responsibilities.
All companies within the Irving conglomerate are vertically integrated, buying services and products from other Irving-owned entities to maintain profits within their operations.

Activities and Recognitions

Arthur Irving served as Chancellor of Acadia University from 1996 to 2010.
He established the K.C. Irving Environmental Science Centre at Acadia University.
In 2016, the Irving family donated $80 million to Dartmouth to establish the Arthur L. Irving Institute for Energy and Society.
Irving was honored as an Officer of the Order of Canada in 2002.
He was also made a member of the Order of New Brunswick in 2012.
In 2008, Arthur Irving and his brothers were inducted into the Canadian Business Hall of Fame.

How long would it take you to become as rich as Arthur Irving?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Arthur Irving's net worth of $8.44B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

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Arthur Irving is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Arthur Irving, Oil is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey