Michael Latifi Net Worth

Michael Latifi has an estimated net worth of $3.4 billion, according to Forbes Real-Time Billionaires, Michael Latifi profile (figures as of October 20, 2026). That is down from a peak of $3.5 billion.

Michael Latifi is a Canadian business owner best known for building Sofina Foods into a major food company. He is the owner, chairman and CEO of the Markham, Ontario-based business. As a teenager in Canada, he worked at McDonald's flipping burgers. He later built his career in food manufacturing and processing. Today, Sofina Foods is a large company in the Food & Beverage industry, with operations centered on meat processing and a broad lineup of packaged food brands.

His fortune comes mainly from Sofina Foods, which Forbes describes as a meat processing giant with estimated revenue of $4.7 billion. The company owns brands including Lilydale, Mastro and Janes, and it has more than 13,000 employees worldwide. Latifi also expanded the business through acquisitions, including Lilydale in 2010 and Santa Maria Foods ULC in 2012. Outside the food business, he made a notable investment in 2018 when he bought a 10% stake in McLaren's Formula 1 team.

How Michael Latifi makes money

Latifi made his wealth through Sofina Foods, the company he founded and owns. He leads the business as owner, chairman and CEO. Forbes places him in the Food & Beverage industry and ties his fortune to meat processing. Sofina Foods is based in Markham, Ontario, and has grown into a large operation. Forbes says the company has estimated revenue of $4.7 billion, making it the main source of his billionaire status.

Sofina also grew through dealmaking. In 2010, the company acquired Lilydale in a C$130 million deal. In 2012, it bought Santa Maria Foods ULC, an importer and distributor of specialty Italian brands. The business now owns brands such as Lilydale, Mastro and Janes, and it employs more than 13,000 people worldwide. Latifi also invested outside food in 2018, when he bought a 10% stake in McLaren's Formula 1 team for about $270 million.

Forbes net worth and other money moves

Forbes estimated Latifi's wealth at $3.4 billion in both 2024 and 2025 on its World's Billionaires List. In 2026, that figure rose to $3.5 billion on the annual list. The movement was modest, which fits a fortune built around ownership of a private food company rather than a fast-changing portfolio of many public assets. Sofina Foods remains the central business behind his standing on the Forbes rankings.

As of October 20, 2026, Forbes' real-time billionaires tracker put Latifi at $3.4 billion. That placed him below the 2026 annual list estimate but in line with the earlier annual figures. His best-known non-food asset is the McLaren investment made in 2018. Even so, his wealth story is still mainly about building and owning Sofina Foods, then adding scale through acquisitions and keeping control of the company as it expanded.