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Sir Ian Wood is one of the most successful billionaires in history. Born into a Scottish fishing family in the summer of 1942, he rose to become unofficial leader of the UK’s oil & gas industry, building the largest oil & gas Services company in Britain in the process.
In 1898, Sir Ian Wood’s grandfather William, arrived in Aberdeen after moving his family of 10 children from Tain in Ross-Shire, Scotland searching for work. In 1912, he started a small boat repair company Wood & Davidson, which was part bequeathed to Sir Ian's father John, upon his death in 1938.
Sir Ian, leaving Aberdeen University in 1965, went to work for that small fishing business temporarily to help out while his father recovered from a short illness. On arrival on his first day at work, he said to his father, “I won't be staying here to waste my life".
Sir Ian took that small fishing boat repair business with 39 employees, and built it into the largest indigenous company Scotland has ever seen. On his retirement in 2012, his company “WoodGroup” had 60,000 employees, sales approaching $7bn and was headquartered in over 50 countries.
Sir Ian's business interests have been vast, from travel agencies, maritime Insurance, fish farms, boat yards, rock Quarries, fishing Trawlers, house building, jet engines, shipping, oil & gas engineering and technology. His companies have employed over 3 million people since his arrival at that small humble company in 1965.
Since his retirement from WoodGroup in 2012, his charitable foundation has invested over £250m, and taken 40,000 tea farmers in Tanzania and Rwanda out of abject poverty. He remains Scotland's most prolific “living” philanthropist.
He is the last great industrialist of our age. His story is one of huge risk, dedication, self belief and drive. His achievements and story, as astonishing as any in global business history.
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