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Billionaire Profile
Michael Latifi
Global Rank
#1165

Image: Public domain | via Wikimedia Commons

Michael Latifi

CEO, Sofina Foods Inc.
CA
Real-Time Net Worth
$3.5B
As of December 2025
Age
63
Source
Meat processing
Industry
food-beverage
Citizenship
CA

Biography

Michael Latifi is a Canadian businessman and the founder and owner of Sofina Foods, a major meat processing company. With an estimated net worth of $3.5 billion as of December 5, 2025, his wealth stems primarily from the food processing industry. Latifi's career began with his family's move from Iran to Canada, where he later earned degrees from McGill University. He built Sofina Foods into a leading food manufacturer, employing over 13,000 people. His achievements also extend into the world of motorsports, holding a stake in McLaren Group. Latifi has made significant contributions to philanthropy, particularly in supporting children's health and well-being through the Sofina Foundation.

Wealth Over Time

In-Depth Profile

Early Life

Michael Mehrdad Latifi was born in Iran in October 1962. His family immigrated to Canada when he was a teenager. During his youth, he worked at McDonald's. Latifi pursued higher education, earning a degree in electrical engineering and an MBA from McGill University.

Rise to Success

Latifi founded Sofina Foods Inc. in 1995, which has grown to become one of Canada's largest privately-owned food manufacturers. Sofina Foods owns prominent brands such as Lilydale, Mastro, and Janes. The company has expanded significantly, acquiring businesses like Lilydale in a $130 million deal in 2010 and Santa Maria Foods ULC in 2012. In 2021, Latifi expanded into the UK and European markets as head of Eight Fifty Food Group.

Key Business Strategies

Latifi's business strategy involved strategic acquisitions and expansion within the food processing sector. He focused on building a portfolio of well-known brands and expanding into new markets. Sofina Foods has grown to include over 13,000 employees.

Philanthropy

Latifi is actively involved in philanthropy through the Sofina Foundation, which supports children's health and well-being. He established the Sofina & Amici Golf Classic in 2008, which has raised over $5.2 million for Sunnybrook Health Sciences Centre and Ronald McDonald Houses. The Sofina Foundation has raised over $7.8 million for children's causes across Canada.

Career Milestones

1995

Founded Sofina Foods Inc.

Established Sofina Foods, which grew to become a major food processing company in Canada.

2008

Launched Sofina & Amici Golf Classic

Started an annual golf tournament to raise funds for charitable causes.

2010

Acquired Lilydale

Sofina Foods acquired Lilydale in a $130 million deal.

2018

Invested in McLaren Group

Purchased a 10% stake in McLaren Group.

2021

Took over as European head of Eight Fifty Food Group

Became the head of UK and European operations for Eight Fifty Food Group after Sofina Foods acquired the company.

Philanthropy & Social Impact

Children's Health

Sofina & Amici Golf Classic

$5.2M

An annual golf tournament supporting capital programs at Sunnybrook Health Sciences Centre and Ronald McDonald Houses.

Children's Health

Sofina Foundation

$7.8M

Supports various charities across Canada focusing on improving the health and wellbeing of Canadian children.

Various

Dream Builders' Campaign

$3M

A national initiative to support various Canadian charities.

Business Philosophy & Leadership

Notable Quotes

"“My vision for The Sofina Foundation started with the humble dream of making a difference in the lives of children and families in need. Today's children are tomorrow's artists, manufacturers, peacekeepers, change- makers, leaders, and humanitarians. Over the years we have seen how our support directly impacts the lives of so many. The testimonials we receive each year from our partners are truly touching and continue to be our motivation.”"

Leadership Principles

Strategic Vision

Focusing on expansion and acquisition to grow the business.

Philanthropic Commitment

Dedication to supporting children's causes through the Sofina Foundation and various initiatives.

Community Involvement

Commitment to making a positive impact on society through charitable endeavors.

Controversies & Challenges

2025

Legionnaires' disease outbreak

Linked to bacteria found in a cooling tower at one of Sofina Foods' meat-processing facilities.