#1251

Michael Latifi

Canada 63 years old Self-Made

Overview

Source of Wealth
Meat processing
Residence
Toronto

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.

About

Michael Latifi's son, Nicholas Latifi, drove for the Williams F1 team between 2019 and 2022. He left to attend London Business School.