North Sea oil billionaire and Wood Group founder Sir Ian Wood dies as tributes paid
- Posted on July 27, 2026
- By The Daily Star
- 1 Views
- 1 min read
In brief
Sir Ian Wood, Scotland's prominent businessman and philanthropist, has passed away at 84. The entrepreneur transformed his family's fishing enterprise into Wood Group, a powerhouse in North Sea oil engineering valued at approximately £5 billion. His legacy encompasses significant contributions to Scotland's energy sector and numerous charitable initiatives throughout his lifetime.
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North Sea oil billionaire and Wood Group founder Sir Ian Wood dies as tributes paid
Sir Ian Wood, one of Scotland's wealthiest people, has died at the age of 84 - the billionaire philanthropist built the Wood Group from a family fishing business into a £5 billion North Sea oil engineering giant
