Wallace McCain
Food and Beverage

Wallace McCain Net Worth

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Wallace McCain was born in Canada in 1930 and is the co-founder of McCain Foods, the world's largest producer of frozen french fries. In the 1990s, he was forced out of the day-to-day operations of the company, but still remains vice chairman with a one-third stake. In 1995, he took over meat processor Maple Leaf Foods, where his son Michael is chief. This year, there have been disputes among shareholders concerning the directors' involvement with the McCain family. Wallace McCain is also a philanthropist, donating to causes such as the National Ballet School of Canada and the National Gallery of Canada.
Wallace McCain is a member of Food and Beverage

Age, Biography and Wiki

Birth Day April 09, 1930
Birth Place Canada
Age 90 YEARS OLD
Died On May 13, 2011(2011-05-13) (aged 81)\nToronto, Ontario
Birth Sign Taurus
Cause of death Pancreatic cancer
Residence Toronto, Ontario
Alma mater Mount Allison University
Occupation executive
Known for Co-founder of McCain Foods Limited
Spouse(s) Margaret McCain
Relatives Harrison McCain, brother (deceased) Andrew McCain, brother (deceased) Michael McCain, son
Awards Order of Canada Order of New Brunswick

💰 Net worth: $2.3 Billion (2024)

Wallace McCain, a prominent figure in the Canadian food and beverage industry, is estimated to have a net worth of $2.3 billion by 2024. His remarkable success in the sector has earned him recognition and respect both nationally and internationally. Wallace McCain has made significant contributions to the Canadian food industry, as the co-founder of McCain Foods Limited, a global leader in frozen food products. Through his entrepreneurial endeavors, he has not only amassed great wealth but has also played a pivotal role in providing quality food products to consumers worldwide.

2010 $2.3 Billion
2011 $2.3 Billion
2018 $2.3 Billion

Biography/Timeline

1951

Born in Florenceville, New Brunswick, to the owner of a seed potato exporting Business, he received a Bachelor of Arts from Mount Allison University in 1951.

1956

McCain co-founded McCain Foods Limited in 1956 with his brother Harrison McCain, building it into one of the world's largest frozen food companies. In the 1990s a prolonged legal dispute between Harrison and Wallace over succession to the company leadership ended with the departure of Wallace's sons Michael and Scott McCain from McCain Foods. Father and son moved to Maple Leaf Foods.

1995

In 1995, he was made an Officer of the Order of Canada for being "one of Atlantic Canada's most notable entrepreneurs" and was promoted to Companion in 2008. In 1993, he was inducted into Canadian Business Hall of Fame and the New Brunswick Business Hall of Fame in 1997. In 2003, he was awarded the Order of New Brunswick.

2004

Wallace and Harrison were estranged after the fallout from their McCain Foods dispute. In 2004 there was rapprochement between the brothers when Wallace visited Harrison who was sick in the hospital. Wallace has also been a confidante to McCain Foods' non-family executives who now run the firm. [1]

2011

McCain died on May 13, 2011 of pancreatic cancer. He was 81. He was residing in Toronto, Ontario at the time of his death.

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Tags 1930 births 2011 deaths Businesspeople from New Brunswick Companions of the Order of Canada Members of the Order of New Brunswick Deaths from pancreatic cancer People from Carleton County, New Brunswick Mount Allison University alumni Canadian billionaires Canadian company founders Canadian people of Ulster-Scottish descent

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.