Rank #1242
Michael Latifi
Net worth $3.5B
Meat processing · Canada
- Born
- Oct 22, 1962
- Age
- 63
- Source
- Meat processing
- Residence
- Toronto, Ontario
- Citizenship
- Canada
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- Michael Latifi is the founder and owner of Sofina Foods, a $4.7 billion (estimated revenue) meat processing giant based in Canada.
- He bought a 10% stake in McLaren's Formula 1 team in 2018 for about $270 million.
- Latifi was born in Iran but his family left Iran for Canada when he was a teenager; his first job was flipping burgers at a McDonald's.
- Today, the Markham, Canada-based Sofina Foods owns prominent brands like Lilydale, Mastro and Janes, and has more than 13,000 employees worldwide.
- Michael Latifi's son, Nicholas Latifi, drove for the Williams F1 team between 2019 and 2022. He left to attend London Business School.