What is Ian Wood and Family's Net Worth?
Ian Wood is a British businessman who shares a net worth of $2 billion with his family. Debutant on the world's richest list this year, Ian Wood successfully transformed a family-held fishing business into a multinational oil services company. Headquartered in Aberdeen, Scotland, the company now has operations in over 50 countries and a total number of 42,000 employees. It was back in 1962 that he joined the group and then served as Wood Group's CEO from 1967 to 2006 and eventually as chairman before retiring in 2012.
The same year the company was listed on the London Stock Exchange and at the time the group had revenues of $6.8 billion. The Woods, who hold the bulk of the company, continue to sell their shares diversifying their fortune in other investments. By rough estimates, he and his family now have a 5% stake. The currently retired Ian Wood has also given over $200 million into the philanthropic Wood Family Trust in the last four years.
