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8. Irving Family
Net Worth: $7.38 billion
Change from 2017 Ranking: ▼3.5%
Major company holdings: Irving Oil, J.D. Irving
The Irvings had their hopes dashed in October when plans were scrapped for the $15.7-billion Energy East pipeline, which would carry over a million barrels of oil from Alberta to Saint John, N.B. every day, some of which would be processed at Irving Oil’s refinery. “This is a sad day for Canada,” president Ian Whitcomb said following the announcement. After five years of lobbying, the company is understandably disappointed. That’s not to say the year’s been all bad. They’re expanding their U.S. operations with a new US$400 million paper product facility in Macon, Georgia.