Wallace McCain

Wallace McCain

$2.30 B

Ranked #512 in World

About Wallace McCain

George Wallace Ferguson McCain (1930-2011), a luminary in the Canadian business landscape and co-founder of McCain Foods, left an indelible mark with an estimated net worth of $4.15 billion in 2018, positioning him as the 13th wealthiest Canadian and 512th globally according to Forbes. Born into a family with deep roots in agriculture in Florenceville-Bristol, New Brunswick, McCain's journey from a seed potato farmer's son to a revered businessman underscores his profound impact on the global frozen food industry. His academic pursuits at Mount Allison University, culminating in significant philanthropic contributions to his alma mater and the University of New Brunswick, reflect his commitment to education. McCain's career trajectory, marked by the establishment of McCain Foods in 1956 alongside his brother Harrison and later involvement with Maple Leaf Foods, showcases his entrepreneurial spirit and leadership acumen. Despite personal and professional challenges, including a notable legal dispute with his brother, McCain's legacy endures through his contributions to business and philanthropy, notably in pancreatic cancer research following his death from the disease in 2011. His life, adorned with accolades such as the Order of Canada and induction into the Canadian Business Hall of Fame, exemplifies a remarkable blend of business success and community engagement.

Born

January 01, 1930 in Florenceville-Bristol, New Brunswick, Canada

Died

May 13, 2011 (aged 81)

Source Of Wealth

Food

Industries

Food And Beverage

Citizenship

Canada

Education

Bachelor of Arts / Science, Mount Allison University

Spouse

Margaret McCain (Married: 1955)

Children

4 (including Michael McCain)

George Wallace Ferguson McCain was born on June 20, 1930, in Florenceville-Bristol, New Brunswick, Canada. He was the son of Andrew Davis McCain, a respected seed potato farmer. McCain's family had been involved in the seed potato business since 1900, selling their products in New Brunswick and exporting them to Cuba and Latin America.

Wallace McCain: Education

McCain graduated from Mount Allison University in 1951 with a Bachelor of Arts degree. He made significant contributions to his alma mater throughout his life. In 2007, he donated a record $873,000 to Mount Allison University. Additionally, he contributed $5,000,000 to the University of New Brunswick, Saint John campus for the Wallace McCain Institute in 2011.

Wallace McCain: Career Highlights

McCain co-founded McCain Foods with his brother Harrison McCain in 1956. Under their leadership, McCain Foods grew into one of the world's largest frozen food companies. However, the brothers experienced a prolonged legal dispute over company leadership in the 1990s. As a result, Wallace McCain departed McCain Foods with his sons Michael and Scott McCain, moving to Maple Leaf Foods.

At Maple Leaf Foods, McCain served as chairman of the board. His son Michael currently holds the position of CEO at Maple Leaf Foods.

Wallace McCain: Companies

McCain Foods: Co-founded with his brother Harrison McCain in 1956, McCain Foods became one of the world's largest frozen food companies.

Maple Leaf Foods: After leaving McCain Foods, Wallace McCain joined Maple Leaf Foods, where he served as chairman of the board.

Wallace McCain: Major Achievements

Building McCain Foods into a global frozen food giant.

Leading Maple Leaf Foods as chairman of the board.

Wallace McCain: Awards & Achievements

Officer of the Order of Canada (1995), promoted to Companion (2008).

Inducted into Canadian Business Hall of Fame (1993) and New Brunswick Business Hall of Fame (1997).

Awarded the Order of New Brunswick (2003).

Received honorary degrees from several universities.

Wallace McCain: Personal Life & Legacy

McCain married Margaret McCain, the first female Lieutenant Governor of New Brunswick, in 1955.

They had three children together: Michael, Scott, and Eleanor.

Wallace McCain passed away on May 13, 2011, at the age of 81 due to pancreatic cancer. He resided in Toronto, Ontario, at the time of his death. In his memory, Wallace and Margaret McCain established The Wallace McCain Centre for pancreatic cancer at Princess Margaret Cancer Centre with a $5 million gift.

Wallace McCain: Trivia

McCain's net worth was estimated at $4.15 billion in 2018, ranking him as the 13th wealthiest Canadian and 512th in the world by Forbes.

McCain was known for his philanthropic contributions, particularly in the areas of education and healthcare.

He was an avid golfer and a supporter of various sports teams in Canada.

Wealth History

Timeline

1930

George Wallace Ferguson McCain is born in Florenceville-Bristol, New Brunswick, Canada.

1951

McCain graduates from Mount Allison University with a Bachelor of Arts degree.

1955

McCain marries Margaret McCain, the first female Lieutenant Governor of New Brunswick.

1956

McCain co-founds McCain Foods with his brother Harrison McCain.

1990s

Prolonged legal dispute with Harrison over company leadership.

2004

Reconciles with Harrison after the dispute.

2007

Donates a record $873,000 to his alma mater, Mount Allison University.

2008

Promoted to Companion of the Order of Canada.

2011

Passes away on May 13, 2011, at the age of 81 due to pancreatic cancer.

Wallace McCain : FAQs

What is Wallace McCain's net worth?

As of 2011, Wallace McCain's net worth was $2.30 billion.

What are Wallace McCain's main sources of wealth?

Wallace McCain's main source of income comes from Food.

In which industry does Wallace McCain primarily operate?

Wallace McCain is primarily involved in the Food And Beverage industry.

What is Wallace McCain educational background?

Wallace McCain holds a Bachelor of Arts / Science from Mount Allison University.

Is Wallace McCain dead?

Yes, Wallace McCain died on May 13, 2011 (aged 81).

How many children does Wallace McCain have?

Wallace McCain has 4 children.

Who was George Wallace Ferguson McCain and what is he known for?

George Wallace Ferguson McCain (1930-2011) was a Canadian businessman and co-founder of McCain Foods, one of the world's largest frozen food companies. He played a significant role in the global food industry.

What contributions did George Wallace Ferguson McCain make to education?

George Wallace Ferguson McCain donated $873,000 to Mount Allison University in 2007 and contributed $5,000,000 to the University of New Brunswick for the Wallace McCain Institute in 2011, showcasing his commitment to supporting education.

How did George Wallace Ferguson McCain impact the food industry?

McCain co-founded McCain Foods in 1956 with his brother Harrison, building it into a leading global frozen food company. He later moved to Maple Leaf Foods, where he served as chairman, further impacting the food industry.

What legacy did George Wallace Ferguson McCain leave behind after his death?

After his death in 2011, George Wallace Ferguson McCain's legacy includes significant philanthropic contributions, such as a $5 million gift to establish The Wallace McCain Centre for pancreatic cancer, and his lasting impact on the global food industry through McCain Foods and Maple Leaf Foods.
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