Wallace McCain’s profile picture

Wallace McCain

Wallace McCain’s profile picture
Net worth 2018: $2.3 Billion
Country: Canada
BirthDay: 9 April 1930
Sigh: Taurus
Died On: 13/05/2011
Children: 4
Education: Bachelor of Arts / Science, Mount Allison University
BIOGRAPHY

Wallace McCain was bornon 9 April 1930 in Canada. Forced out of McCain Foods' day-to-day operations in the 1990s after family feud; remains vice chairman with one-third stake in the company, which is the world's largest producer of frozen french fries. Took over meat processor Maple Leaf Foods, where son Michael is chief, in 1995. This year, disputes erupted among shareholders concerning whether directors are too closely involved on a personal level with McCain family. Donates to philanthropic causes like National Ballet School of Canada and National Gallery of Canada.

NET WORTH STATISTIC
2010

$2.3 Billion

2011

$2.3 Billion

2018

$2.3 Billion

TIMELINE
2015

55 billion (as of November 2015), McCain was ranked by Forbes as the 13th wealthiest Canadian and 512th in the world

2011

In 2007 he gave a record $873,000 to his alma mater, Mount Allison University and on February 21, 2011 he donated $5,000,000 to the University of New Brunswick, Saint John campus for the Wallace McCain Institute, a program for business students and entrepreneurs

2004

In 2004 there was rapprochement between the brothers when Wallace visited Harrison who was sick in the hospital

1995

[2]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

1993

In 1993, he was inducted into Canadian Business Hall of Fame and the New Brunswick Business Hall of Fame in 1997

1990

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

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

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

1930

McCain, CC ONB (April 9, 1930 – May 13, 2011) was a Canadian businessman, co-founder of McCain Foods Limited

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