BillionaireNet
Latifi
M
Rank #1168
CANADAFood & BeverageMeat processing

Michael Latifi

Net Worth
$3.494B
0% (24h)
Michael Latifi is an Iranian-Canadian billionaire businessman. He is the Chairman and CEO of Sofina Foods Inc., a leading food processing company. His wealth stems from his success in the meat processing industry. Latifi's career began in the 1980s after earning degrees from McGill University. He is known for founding Sofina Foods, which has grown into one of Canada's largest privately-owned food manufacturers. In addition to his business ventures, Latifi invested in the McLaren Group, a Formula 1 team. His philanthropic efforts include supporting education, healthcare, and youth development through various charitable organizations.

The Full Dossier

Early Life

Michael Mehrdad Latifi was born in October 1962 in Iran. His family immigrated to Canada when he was a teenager. He began working at McDonald's. Latifi holds a Bachelor of Science and an MBA from McGill University.

Rise to Success

Latifi's career began in the 1980s. He is the founder, Chairman, and CEO of Sofina Foods Inc., a major food processing company based in Markham, Ontario. Sofina Foods owns brands like Lilydale, Mastro and Janes. He invested in McLaren Group and acquired a 10% stake through his investment company Nidala (BVI) Limited.

Key Business Strategies

Latifi built Sofina Foods into one of Canada's largest privately-owned food manufacturers. Sofina Foods has expanded through acquisitions, including Lilydale and Santa Maria Foods ULC. Sofina Foods has more than 13,000 employees worldwide.

Philanthropy

Latifi is actively involved in philanthropy and community initiatives. He supports charitable organizations focusing on education, healthcare, and youth development.

Career Timeline

2021

Acquired Eight Fifty Food Group

Sofina Foods acquired Eight Fifty Food Group.

2018

Invested in McLaren Group

Invested approximately $270 million in McLaren Group.

2010

Acquired Lilydale

Sofina acquired Lilydale in a $130 million deal.

1995

Founded Sofina Foods

Established Sofina Foods Inc., a food processing company.

Philanthropic Impact

Healthcare & Youth$5.2M

Sofina & Amici Golf Classic

Annual golf tournament supporting Sunnybrook Health Sciences Centre and Ronald McDonald Houses.

Children's Issues$3M+

Dream Builders' Campaign

Employee-driven fundraising campaign supporting various children's charities.

Wealth Trajectory