Irving and His Legacy."Īs a young man, JK preferred the family business to school, leaving Acadia University within a week to manage logging on family lands in northern New Brunswick, according to DeMont. James and two his brothers, Arthur and Jack, grew up in the port city of Saint John, attended boarding schools in eastern Canada and, later, Acadia University, where all three dropped out to work in the family business, according to an interview with John DeMont, a Nova Scotia-based writer who worked for Arthur Irving and wrote a biography of the family, "Citizen Irving: K.C. Irving started the family business with a Ford dealership in Saint John, New Brunswick, in 1925, later expanding into gas stations and paper production. The company was split into three and is owned by his descendants. His father, Kenneth Colin Irving, founded the Irving Co., a collection of oil, timber, consumer products and ship-building assets valued at more than $10 billion at his death in 1992. Irving was born in New Brunswick, Canada. Irving also has one-third of a $3 billion trust left by his father, according to a 2012 Bermuda Supreme Court opinion.Īnne McInerney, a spokesperson for JD Irving, didn't respond to requests for comment on the net worth calculation. A series of other businesses are aggregated here because their valuation is based on data that isn't updated on a regular basis. Irving's sawmills, consumer paper products and potato processing businesses are valued based on data disclosed by Irving, regulators and/or competitors. Its valuation is based on company disclosed location sizes, peer sales per square foot and peer average enterprise value-to-Ebitda. Irving owns Kent Supply Centers, a home-improvement chain with 48 locations. The business is valued at 0.5 times its projected annual revenue of $500 million, which is based on a supply contract the company signed with the Canadian government in 2011. The contract should run for 20 to 30 years but isn't guaranteed, according to the office of the National Procurement Strategy in 2014. Irving Shipbuilding was awarded a $25 billion federal contract in 2011 to supply Canada's navy. It's valued at $440 an acre and discounted 25%, discounts seen in leased land transactions in the U.S. Irving also leases 2.6 million acres of provincial New Brunswick land. Prices are from Jack Lutz, president of Forest Research Group, in Hermon, Maine. Irving owns 3.2 million acres of timberland in Maine, New Brunswick and Nova Scotia. He's the sole owner of the business, which was part of a company founded by his father, K.C. Net Worth in 2023Īrthur Browne Jr.Irving's fortune is derived from his ownership of JD Irving, a conglomerate based in Saint John, New Brunswick. worth at the age of 83 years old? Arthur Browne Jr.’s income source is mostly from being a successful Writer. His net worth has been growing significantly in 2022-2023. According to our Database, He has no children. We don't have much information about He's past relationship and any previous engaged. We will update Arthur Browne Jr.'s Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. Height, Weight & MeasurementsĪt 83 years old, Arthur Browne Jr. He is a member of famous Writer with the age 83 years old group. We recommend you to check the complete list of Famous People born on 20 November. Learn How rich is He in this year and how He spends money? Also learn how He earned most of Arthur Browne Jr. Discover Arthur Browne Jr.'s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. was born on 20 November, 1923 in Washington, District of Columbia, USA, is a Writer.
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