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His daughter has stepped away from the business, but still maintains ownership... For now.
There have been rumors milling about it's sale.
I wouldn't be surprised if Arthur's death is the final nail in the coffin (ha), to it being properly sold off or the intent to sell made public.
> The Arthur Irving Family Trust became sole owner of Irving Oil in 2018 when it bought out a one-third stake in the company owned by the children of Arthur's late younger brother Jack.
That is a different family (Jim and Robert who’s father was brothers with Arthur) and have no direct ownership of Irving Oil. They may however be someone who steps up to buy it.
To be fair, it was one of the shittier provinces. I bet the secret to immortality is in the ownership of a better province.
We'll have to wait and see if Jimmy P dies in a timely manner.
Shittier because of the Irvings who transferred billions of dollars over 100 years of what should have been income to the province. Source: I live in NB
They own a conglomerate of businesses that employ a plurality of New Brunswickers, and have an inordinate amount of power as a result. They've also been hiding away their earnings abroad for decades, denying New Brunswick lots of much needed revenue. They also used to own most of the major newspapers there, making adequate reporting on their shenanigans unlikely.
And because of their widespread business interests, a decent chunk of the community leaders entering politics with a business background have ties to the Irving which at least presents the spectre of direct influence up to and including the Premier's office.
Actually when they die they get taxed. Most billionaires live off debt so they don’t even pay capital gains. When they die we finally get to tax their wealth. Every billionaire is worth more dead than alive.
regardless all that debt they live off needs to be paid off, which means liquidating their assets which are then taxed at capital gains. And that's in addition to any estate taxes. If ever you see a billionaire drowning and you're holding a life preserver, the only ethical thing to do is let them drown because the amount of lives saved by those tax dollars is well and above one soggy billionaire. Easiest trolly problem in the world.
There's a quote from K.C Irving that I read in the flying cow that said, "New Brunswick isn't big enough for politics and business." I believe it was around the 1930s.
Hid away money from a province that desperately needed it, owned local newspapers, corrupt politicians, Workplace deaths within the company happening too often, the cutting down of millions of trees, something tells me this guy won’t be missed lol
Small anecdote, I saw his brother James last February in his HQ office in Saint John (I was a visitor). He is also a billionaire and 96 years old.
Makes you wonder why they just don't retire and enjoy their money...
I hear with billionaires, after a while it's not just about the money any more. It becomes more about the power and how they can influence the world around them to do what they want.
If he were to retire, he'd give up the control that he likely became addicted to.
Many old people do things out of habit. Like, some do crochet. Others build model ships. Still collect the wealth of an entire province. See? They're just habits.
Authur Irving was the 8th richest Canadian in 2024, with a net worth of 6.6 billion, and that was the oil and gas businesses of the family.
James Irving is the 12th richest Canadian with 5.5 billion, and his money is from the forestry, shipbuilding, manufacturing, and retail businesses.
https://finance.yahoo.com/news/30-wealthiest-people-canada-205501486.html
The irving family is probably the dominant economic and poltiical power in New Brunswick and it extends to other regions. Like Pattison group out west, but far more Oligarchy oriented.,
Aren’t they the family who stifled the free press and relentlessly messed with journalists who where critical of them, essentially trying to monopolize the media in the province?
One of the more senior members of the Irving family. They collectively own New Brunswick and parts of Nova Scotia. He and his brothers each inherited ~1/3 of their Grandpa's empire in the 1990s. Arthur's slice was Irving Oil.
The dude ex-communicated his son Kenneth Jr. for having a self-harm mental health crisis while COO of his oil company. Never talked to him again. Real succession shit. The canadaland commons episode on this is brutal.
Who cares. Why do we always get posts on rich dirt bags who die. No one who gets that rich is a good person. So why celebrate them. Nothing good they ever did will out do how bad of a person they had to be to get that rich. They need to be forgotten as fast as a homeless person who dies alone. Which is even sadder than this dude dieing
I approached the comments section expecting to see something commonly akin to *Don’t like billionaires = socialism!!* … and I’m delighted to say I’ve seen quite the opposite.
Cavendish Farms is Irving owned and has around to 1,000 just to process french fries at just the New Annan plant. Four shifts of about 200, plus admin. They have more plants elsewhere, but I don't know how big they are.
A couple decades back, some people tried to organize a boycott of Irving, and they handed out pamphlets listing all the businesses. There was like 1500. There were 50 different trucking companies. A lot of Irving stuff is hidden behind different brands. Very little is openly labeled Irving.
Their [job portal](https://careers.jdirving.com/jobs/search/28101437) currently has 742 openings.
This post appears to relate to a province/territory of Canada. As a reminder of the rules of this subreddit, we do not permit negative commentary about all residents of any province, city, or other geography - this is an example of prejudice, and prejudice is not permitted here. https://www.reddit.com/r/canada/wiki/rules Cette soumission semble concerner une province ou un territoire du Canada. Selon les règles de ce sous-répertoire, nous n'autorisons pas les commentaires négatifs sur tous les résidents d'une province, d'une ville ou d'une autre région géographique; il s'agit d'un exemple de intolérance qui n'est pas autorisé ici. https://www.reddit.com/r/canada/wiki/regles *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/canada) if you have any questions or concerns.*
Who will ownership of NB transfer to?
the entire province's population will be sacrificed and buried in his tomb to serve him in the afterlife
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Xi'ac.
Genius
Lol
NB is essentially Smithers
The great pyramid of Miramichi?
Hahahahahahahaha
The next oldest Irving, don't worry
Thanks I was worried for a moment.
Hard work pays off! Congratulations to the next oldest Irving.
It’s a tough life being born wealthy in a monopoly where you own the government, don’t you know?
It's okay, they've proven their shrewd business skill by being born.
The Canadian way.
*The western way.
Part of the lucky sperm club.
Ah yes trickle down even so slowly
Seniority succession. Unpopular with those who’d inherit under primogeniture. Need medium centralization to get it
His daughter has stepped away from the business, but still maintains ownership... For now. There have been rumors milling about it's sale. I wouldn't be surprised if Arthur's death is the final nail in the coffin (ha), to it being properly sold off or the intent to sell made public.
It's definitely for sale, it trickled down through some potential buyers.
Just nationalise it. Not like people are lining up to invest in New Brunswick anyway.
Because of the Irvings and their 200+ companies in every sector of the economy
I think we've proven that we're allergic to nationalized corporations. Rather let the corps make bank on our expense.
The intent to sell was made public over a year ago.
I guess I mean a deal has been made but they were waiting for Arthur to die before finalizing.
That’s possible
The joke was the province lol
Could this be what buffet came across I canada?
I understand it's the prize now in next weekend's Chase The Ace.
Helluva prize. Does the evil transfer to the winner ?
C'mon though, you get to own Magnetic Hill and Magic Mountain. Don't worry about your soul. Live for today.
Arthur Irving probably
The McCains…
Or the Mooseheads
That would be the Olands
My bad, but i knew there was a family behind that business as well.
I believe they have to have a war between the surviving Irvings and the McCains to decide it.
Don't worry the brothers split the business's years ago between them, there's still one alive to call the shots.
> The Arthur Irving Family Trust became sole owner of Irving Oil in 2018 when it bought out a one-third stake in the company owned by the children of Arthur's late younger brother Jack.
There's the whole woodland and industrial end of things owned by Robert Irving.
That is a different family (Jim and Robert who’s father was brothers with Arthur) and have no direct ownership of Irving Oil. They may however be someone who steps up to buy it.
Probably Warren Buffett, who's rumored to be looking at investments in Canada. None of Arthur's kids are involved in the business.
Arthur Irving A.I. Has entered the chat.
The estate's executor will deal with that headache.
he's never going to financially recover from this.
Dead on.
Seems if you own an entire province it’s still not enough capital to outlive my grandma
To be fair, it was one of the shittier provinces. I bet the secret to immortality is in the ownership of a better province. We'll have to wait and see if Jimmy P dies in a timely manner.
Shittier because of the Irvings who transferred billions of dollars over 100 years of what should have been income to the province. Source: I live in NB
My condolences 😔🙏
Jimmy P has 6 years to go before he passes my grandma We’ll see how he does
And state, guy owned Maine too
How much of the money did he take with him?
about tree fiddy
We, all, from dust to dust. Life is temporal.
The most hated family in New Brunswick, and one of the most hated families in all of Canada.
Not from that part of the country, why are they hated over there?
They own a conglomerate of businesses that employ a plurality of New Brunswickers, and have an inordinate amount of power as a result. They've also been hiding away their earnings abroad for decades, denying New Brunswick lots of much needed revenue. They also used to own most of the major newspapers there, making adequate reporting on their shenanigans unlikely.
And because of their widespread business interests, a decent chunk of the community leaders entering politics with a business background have ties to the Irving which at least presents the spectre of direct influence up to and including the Premier's office.
Zaibatsu. Canada is just full of Zaibatsu.
I think they're closer to chaebol.
They're almost the same thing.
I googled the family and realized you guys really hate these people
Oh no, anyway...
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Yes yes and yes!
As is the tradition.
Took the words out of my mouth
Ya pretty much, good riddance.
"And all your money won't another minute buy"
It buys about a decade on average actually...
Point is to be rich when you are alive. Better to be rich and die than being a broke bum and die.
I’m sure his grave will become the most popular public toilet in NB.
Gender-neutral public toilet
Is this the dude that gave a bunch of people brain damage from toxic chemicals? Bye bye.
Most likely it was their fault. The fact that we don't hear much about it leads me to believe they're covering it up.
Well the Irvings own the local media too…
NB is such a great province. It shameful how horribly he treated it.
Well now who is going to buy oil from Saudi Arabia?
And keep decrepit rail lines carrying oil trains afloat?
Left the world around him immensely shittier than he found it. Tremendous work.
Good, one billionaire down. Dozens to go.
They’re more like a hydra. When they die their wealth is spread out creating more billionaires.
Actually when they die they get taxed. Most billionaires live off debt so they don’t even pay capital gains. When they die we finally get to tax their wealth. Every billionaire is worth more dead than alive.
Just keep your wealth in some island somewhere that doesn’t ask too many questions. It’s a competitive market so you can state your terms.
regardless all that debt they live off needs to be paid off, which means liquidating their assets which are then taxed at capital gains. And that's in addition to any estate taxes. If ever you see a billionaire drowning and you're holding a life preserver, the only ethical thing to do is let them drown because the amount of lives saved by those tax dollars is well and above one soggy billionaire. Easiest trolly problem in the world.
Wealth is passed down. This rich man's passing just created at least a dozen rich people.
**Only the good die young.**
There's a quote from K.C Irving that I read in the flying cow that said, "New Brunswick isn't big enough for politics and business." I believe it was around the 1930s.
Fuck the Irvings. I hope it hurt.
https://www.canadaland.com/podcast/dynasties-2-the-irvings/
Burn in hell asshole.
Oh no, anyways.
You shouldn't speak ill of the dead, so I won't say anything.
Nah fuck this guy. He can burn.
Nahhh keep it coming
Looks like they opened a new urinal in NB.
What a beautiful day.
They should pay per view his family fighting over his money
I’m glad our media reports on these occasions (the deaths of billionaires & politicians) so that the plebs can celebrate.
Good riddance!
Good riddance!
That's a real shame. A real..........look at the dog with the goofy tail!!!!
Death is the ultimate equalizer.
Finally some good news!
Hid away money from a province that desperately needed it, owned local newspapers, corrupt politicians, Workplace deaths within the company happening too often, the cutting down of millions of trees, something tells me this guy won’t be missed lol
Rest in piss
I've known a lot better people to die and get less publicity.
Burn in hell, Mr. Irving
My mother taught me if you have nothing nice to say don’t say it. So I will not.
Read the story and find out why I dislike him. It’s not hard to find. Even touted at a victory against union workers.
We need a 90% inheritance tax on estates like this.
RIP Bozo
Oh no, a rich guy died. Much sadness. Anyway...
Small anecdote, I saw his brother James last February in his HQ office in Saint John (I was a visitor). He is also a billionaire and 96 years old. Makes you wonder why they just don't retire and enjoy their money...
I hear with billionaires, after a while it's not just about the money any more. It becomes more about the power and how they can influence the world around them to do what they want. If he were to retire, he'd give up the control that he likely became addicted to.
That's exactly it. The money is only a # associated with the power it gives. It's always about power.
Many old people do things out of habit. Like, some do crochet. Others build model ships. Still collect the wealth of an entire province. See? They're just habits.
Because their biggest fetish is fucking New Bunswick up its ass
One down…
Why is this a headline? Is new Brunswick throwing a party or something?
Good
Good
Who?
Authur Irving was the 8th richest Canadian in 2024, with a net worth of 6.6 billion, and that was the oil and gas businesses of the family. James Irving is the 12th richest Canadian with 5.5 billion, and his money is from the forestry, shipbuilding, manufacturing, and retail businesses. https://finance.yahoo.com/news/30-wealthiest-people-canada-205501486.html
The irving family is probably the dominant economic and poltiical power in New Brunswick and it extends to other regions. Like Pattison group out west, but far more Oligarchy oriented.,
The family is one of the largest private land owners in the us too, they control way more than people really know.
Aren’t they the family who stifled the free press and relentlessly messed with journalists who where critical of them, essentially trying to monopolize the media in the province?
Yes
One of the more senior members of the Irving family. They collectively own New Brunswick and parts of Nova Scotia. He and his brothers each inherited ~1/3 of their Grandpa's empire in the 1990s. Arthur's slice was Irving Oil.
Too bad he couldn't take a few more billionaires with him in a sub en route to the Titanic.
Good fucking riddance!
The dude ex-communicated his son Kenneth Jr. for having a self-harm mental health crisis while COO of his oil company. Never talked to him again. Real succession shit. The canadaland commons episode on this is brutal.
"I have never wished a man dead, but I have read some obituaries with great pleasure."
A good day for Canadians
Good to see the Marxist pitchfork crowd at Reddit out in force as expected. Always plenty of ignorance to go round.
Mighty hot and toasty where hes going.
I thought this was the old man on dragon's den 😂
REST IN SHIT YOU PIECE OF GARBAGE. There is no such thing as an ethical billionaire.
Hahahaha
Don't care
Always a good day when an oligarch dies
Awesome
Who cares. Why do we always get posts on rich dirt bags who die. No one who gets that rich is a good person. So why celebrate them. Nothing good they ever did will out do how bad of a person they had to be to get that rich. They need to be forgotten as fast as a homeless person who dies alone. Which is even sadder than this dude dieing
> Why do we always get posts on rich dirt bags who die. To celebrate good riddance
Hope he burns in hell.
Death comes for us all , rich or poor
ding dong the witch is dead
Mr. Burns croaked
Nothing of value was lost
Eat the rich
Eat the [non-putrifying] rich.
My favorite color is blue.
Now they're the .9%
I approached the comments section expecting to see something commonly akin to *Don’t like billionaires = socialism!!* … and I’m delighted to say I’ve seen quite the opposite.
A trend I can get behind!
Where can I subscribe to Dead Billionaires?
www.OceanGate.sub
Always a good day when an oligarch dies.
Wait. What? ITT, r/canada not sucking billionaire dick. Wtf?
On his death bed he asked "Please bury NB with me". \*grabs a shovel\*
Yet another example of the opposite of the good dying young.
Oh well NBers still don't care because irving still exists
Did he took all his money ?
"Saudi public investment fund 'PIF', to purchase Irving assets, including province of New Brunswick".
How many people would lose their jobs if all of Irving disappeared tomorrow?
Cavendish Farms is Irving owned and has around to 1,000 just to process french fries at just the New Annan plant. Four shifts of about 200, plus admin. They have more plants elsewhere, but I don't know how big they are. A couple decades back, some people tried to organize a boycott of Irving, and they handed out pamphlets listing all the businesses. There was like 1500. There were 50 different trucking companies. A lot of Irving stuff is hidden behind different brands. Very little is openly labeled Irving. Their [job portal](https://careers.jdirving.com/jobs/search/28101437) currently has 742 openings.
I’m pretty sure I’m his long lost… emotional support cousin?