Billionaire Profile
M
Global Rank
#1203

Image: Congressional Research Service | Public domain | via Wikimedia Commons

Michael Latifi

CEO, Meat processing
CANADA
Real-Time Net Worth
$3.521B
Estimated based on Meat processing stock value as of March 6, 2026
0% (24h)
Age
63
Source
Meat processing
Industry
Food & Beverage
Citizenship
CANADA

Biography

Michael Latifi (born October 1, 1962) is an Iranian-Canadian billionaire businessman and philanthropist. As the founder and CEO of Sofina Foods, one of Canada's leading food manufacturers, he oversees the production and distribution of a diverse range of food products, including poultry, pork, and beef. His career in the food industry has led to a reported net worth of $3.5 billion. Latifi's wealth also stems from his investments, including a significant stake in the McLaren Group. Beyond business, Latifi is known for his philanthropy through the Sofina Foundation, supporting causes like mental health care and women's health. He is also the father of former Formula 1 driver Nicholas Latifi.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Michael Mehrdad Latifi was born in October 1962 in Iran. His family immigrated to Canada when he was a teenager. During his youth, Latifi worked at McDonald's, gaining early exposure to business and work ethic. He later pursued higher education at McGill University, earning a Bachelor of Science and an MBA.

Rise to Success

Latifi began his career in the Canadian food industry. Through his leadership and vision, he established Sofina Foods, which became a leading manufacturer of protein products. Sofina Foods owns prominent brands, including Lilydale, Mastro, and Janes. In 2021, Sofina Foods acquired Eight Fifty Food Group, expanding its reach in the UK and European markets. Latifi also invested in the McLaren Group through his investment company Nidala (BVI) Limited.

Key Business Strategies

Key to Latifi's success is his strategic approach to acquisitions and brand building. His focus on high-quality products has helped Sofina Foods establish strong relationships with retailers and foodservice providers. The company’s estimated revenue is approximately $4.7 billion. Latifi’s leadership saw Sofina Foods acquire various companies, demonstrating a growth-oriented strategy.

Philanthropy

The Latifi family is actively involved in philanthropy, particularly through the Sofina Foundation. Their initiatives include supporting Sunnybrook's Women & Babies Program and mental health care programs. The Sofina & Amici Golf Classic, an annual fundraising event founded by the Latifis, has raised over $3.7 million.

Career Milestones

1995

Founded Sofina Foods

Established Sofina Foods, a leading meat processing company in Canada.

2010

Acquired Lilydale

Sofina acquired Lilydale in a C$130 million deal.

2018

Invested in McLaren Group

Invested approximately $270 million in McLaren's Formula 1 team.

2021

Acquired Eight Fifty Food Group

Sofina Foods purchased Eight Fifty Food Group for £1.2 billion (USD 1.7 billion).

Philanthropy & Social Impact

Healthcare

Sunnybrook Women & Babies Program

$3.7M+

Supported the launch of the Women & Babies Program at Sunnybrook.

Healthcare

Mental Health Care

Undisclosed

Supports a state-of-the-art Sunnybrook program in mental health care.

Healthcare

Sofina & Amici Golf Classic

$3.7M+

Annual family-friendly golf tournament supporting Sunnybrook.