India, July 27 -- Sir Ian Wood, Scottish billionaire businessman and philanthropist who transformed a family-owned business into the global engineering giant Wood Group, has died at the age of 84. Widely regarded as one of Scotland's most influential business leaders, Wood played a key role in the growth of the North Sea oil industry while also dedicating much of his later life to philanthropy, education and economic development.

His family confirmed that he died peacefully at his home surrounded by loved ones, prompting tributes from political leaders, business figures and communities across Scotland. His legacy extends far beyond the energy sector, reflecting decades of leadership, entrepreneurship and charitable work.

Sir Ian Wood De...