Arthur Irving

Arthur L. Irving, OC ONB (born 1930) is a Canadian businessman, born in New Brunswick, the second son of industrialist K.C. Irving. Arthur, along with his brother J.K., share the ownership of what is known informally as the Irving Group of Companies. With an estimated net worth of US$ 3.5 billion (as of March 2011), Arthur Irving (with his brother James) was ranked by Forbes as the 5th wealthiest person in Canada and 310th in the world.

Background

Following their father's death in 1992, ownership and responsibility for the Irving companies was divided as follows:

All companies within the Irving conglomerate are vertically integrated and buy services and products of other companies, thereby maintaining profits within their operations.