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In the world today
Michael Latifi

Michael Latifi

M. Latifi
0.03% | + $0.89M
$3.52 B ₹ 31,987 Cr
Real Time Net Worth #1201 Ranking as of 21 Feb 2026 By Forbes

More on Michael Latifi

Gender

Male

Age

63Y

Country

Canada

Born On

October, 1962

Deceased

No

Relationship Status

Married

Children

4

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Food Processing)

Primary Organization

Sofina Foods

Titles

Owner, Chairman & CEO

Sources of Wealth

Sofina Foods

Industry

Food & Beverage, Manufacturing, Investments, Motorsports

About Michael Latifi


M ichael Latifi is an Iranian-Canadian billionaire and the founder, chairman, and CEO of Sofina Foods Inc., one of Canada's largest food processing companies. He immigrated to Canada from Iran with his family as a teenager. In 1995, he established a food company called Vienna Meat Products, which became the foundation of his business empire. Through a series of strategic acquisitions of other food manufacturers, he grew the company into the privately held giant, Sofina Foods.

Sofina Foods is a major producer of a wide range of protein products, including fresh and frozen chicken, pork, and beef, as well as seafood and prepared meals, for both retail and foodservice customers across Canada. Latifi is also well-known for his deep involvement in the world of motorsports. He is the father of the former Formula 1 driver Nicholas Latifi. In 2020, he made a major investment, reported to be over $200 million, in the McLaren Group, which includes the iconic McLaren Formula 1 team and its high-performance automotive business, making him a key shareholder.

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Quick Reads


  • Founder, Chairman, and CEO of Canadian food processing giant Sofina Foods.
  • He is an Iranian-Canadian who built his business through acquisitions.
  • He is a major shareholder in the McLaren Group, which includes the McLaren F1 team.
  • His son, Nicholas Latifi, is a former Formula 1 driver.
  • Sofina Foods is one of Canada's largest privately held companies.

Early Life and Background


Michael Latifi is a Canadian businessman, the self-made billionaire Founder and CEO of Sofina Foods Inc., one of Canada's largest food processing and distribution companies. His career is rooted in agribusiness, food manufacturing, and high-stakes motorsports.

Latifi's philosophical approach centers on scale, operational efficiency, and vertical integration across the food supply chain. His structural wealth is tied to the successful consolidation of the Canadian food processing sector and his high-profile investment in Formula 1 (as a major sponsor).

  • Sofina Foods Inc. (Founder & CEO): The core private asset, a major Canadian food processing and distribution company (specializing in protein products).
  • Motorsports Focus: He is a major figure in Formula 1, as his son, Nicholas Latifi, was a former F1 driver (driving for Williams Racing).
  • Investment Strategy: His success is built on strategic acquisitions (including Lilydale Poultry, Janes Family Foods) and long-term asset hold in the essential food sector.
  • Family Governance: His daughter, Nicole Latifi, is also involved in the family business.

Career Journey of Michael Latifi


Michael Latifi's strategic genius was his commitment to vertical integration in the food industry. He founded Sofina Foods (approx. 1995), successfully building it into a major force by controlling every step of the food supply chain (from sourcing to processing and distribution). His structural contribution is tied to the successful industrialization and scale of the Canadian food processing sector.

His public focus shifted to motorsports (Formula 1) as a major sponsor (and through his son's career), reflecting his commitment to high-profile global marketing. His wealth is secured by the colossal, long-term, stable profitability of the global food processing and industrial manufacturing sector.

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Michael Latifi's Timeline


1990:

Founds the precursor to Sofina Foods (Founding).

2000s:

Sofina expands aggressively through strategic acquisitions (Industrial Consolidation).

2019:

Becomes a major investor in the Williams Racing Formula 1 team (Sports Investment).

Ongoing:

Continues as Founder and CEO, guiding the massive food processing empire (Executive Oversight).

Major Business Ventures and Investments


Michael Latifi's wealth is concentrated in his founding and controlling ownership of the private industrial giant, Sofina Foods Inc., and his private investments.

  • Sofina Foods Inc. (Founder & CEO): The core private asset, a major Canadian food processing and distribution company (specializing in protein products).
  • Motorsports Focus: He is a major figure in Formula 1, as his son, Nicholas Latifi, was a former F1 driver (driving for Williams Racing).
  • Investment Strategy: His success is built on strategic acquisitions (including Lilydale Poultry, Janes Family Foods) and long-term asset hold in the essential food sector.
  • Family Governance: His daughter, Nicole Latifi, is also involved in the family business.

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Philanthropy and Social Impact


Michael Latifi's social impact is structural, stemming from Sofina Foods' role as a massive industrial employer and foundational supplier of essential food and protein products for the North American market. His investment in Formula 1 contributes to the global sports and technology ecosystem. His personal philanthropy supports various community and educational initiatives.

His structural contribution is tied to the successful industrialization and scale of the Canadian food processing sector.

Fashion, Style, and Lifestyle


Michael Latifi maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global food and industrial sectors.

Residing in Toronto, Ontario, Canada, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to industrial scale, food manufacturing mastery, and motorsports patronage.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Founder and CEO of Sofina Foods (one of Canada's largest food processing companies).
  • His son, Nicholas Latifi, was a Formula 1 driver.
  • He holds a significant investment in the Williams Racing F1 team (a major sponsor).
  • His company specializes in protein products (meat and poultry).
  • He acquired Lilydale Poultry and Janes Family Foods (major acquisitions).
  • He is known for maintaining a private profile despite his high-profile F1 involvement.
  • His wealth is tied to the successful vertical integration of the food processing supply chain.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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