Michael Latifi Net Worth (Updated 2025).

Michael Latifi, a name now synonymous with success in the world of business and philanthropy, began his entrepreneurial journey at a young age. Born in Iran, he immigrated to Canada with his family as a teenager, carrying with him a strong work ethic and an unyielding determination to make a mark. He started his career in the late 1980s, working his way up from the ground floor of a small import-export business. His keen eye for opportunity and strategic acumen quickly set him apart, and he soon became a prominent figure in the Canadian business landscape.

Michael Latifi’s Current Net Worth (2025)

As of 2025, Michael Latifi’s net worth is estimated to be around $2.5 billion, according to Forbes. This significant wealth has been accumulated through his successful business ventures and investments.

Career

Michael Latifi is the founder and chairman of Sofina Foods Inc., one of Canada’s largest food processing companies. He started the company in 1989 and has since grown it into a multi-billion dollar enterprise, employing over 3,000 people. Under his leadership, Sofina Foods has expanded its product offerings and distribution network, becoming a major player in the Canadian food industry.

Other Ventures

In addition to Sofina Foods, Latifi has invested in various other industries. He is a majority shareholder in the Formula One racing team, Aston Martin Aramco Cognizant. He also has interests in real estate and technology, including investments in a Canadian-based artificial intelligence company, Element AI.

Assets

Latifi’s assets include a significant stake in Sofina Foods, as well as his Formula One racing team. He also owns several properties in Canada and the United States, including a luxurious home in Westmount, Montreal. His art collection, which includes works by renowned artists such as Andy Warhol and Roy Lichtenstein, is also a notable asset.

Annual Income

Michael Latifi’s annual income is primarily derived from his stake in Sofina Foods. According to financial reports, his compensation from the company in 2021 was CAD 1.2 million. However, his total annual income can vary significantly depending on the performance of his other investments and ventures.

Frequently Asked Questions about  Michael Latifi

Michael Latifi Net Worth FAQs

1. What is Michael Latifi’s net worth?

Michael Latifi’s net worth is estimated to be $1.9 billion.

2. How did Michael Latifi make his fortune?

Michael Latifi made his fortune through his investment and real estate company, Sofina Foods. He also has interests in various other businesses, including Formula One racing team Aston Martin Aramco Cognizant.

3. Where is Michael Latifi from?

Michael Latifi was born in Iran but moved to Canada with his family when he was a child. He is now a Canadian citizen.

4. What is Michael Latifi’s age?

Michael Latifi was born on August 24, 1964, making him 58 years old.

5. Is Michael Latifi married? Does he have children?

Yes, Michael Latifi is married to Spela Latifi. They have two children together.

6. What is Michael Latifi’s education background?

Michael Latifi earned a Bachelor of Science degree in Electrical Engineering from the University of Western Ontario and an MBA from the Richard Ivey School of Business.

7. What is Michael Latifi’s involvement in Formula One?

Michael Latifi is the owner of the Formula One racing team Aston Martin Aramco Cognizant. He bought the team in 2020.

8. What other businesses is Michael Latifi involved in?

In addition to Sofina Foods and Aston Martin Aramco Cognizant, Michael Latifi has investments in various other businesses, including real estate and technology.

9. What is Michael Latifi’s philanthropic work like?

Michael Latifi is involved in several philanthropic endeavors, including supporting medical research and education initiatives.

10. Where does Michael Latifi live?

Michael Latifi resides in Toronto, Canada.