{"id":423966,"date":"2011-05-14T17:35:29","date_gmt":"2011-05-14T17:35:29","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/14\/mccain-foods-founder-dies-age-81\/"},"modified":"2011-05-14T17:35:29","modified_gmt":"2011-05-14T17:35:29","slug":"mccain-foods-founder-dies-age-81","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/14\/mccain-foods-founder-dies-age-81\/","title":{"rendered":"McCain Foods founder dies age 81"},"content":{"rendered":"

14 May 2011<\/span> Last updated at<\/span> 13:35 ET<\/span><\/span><\/p>\n

Wallace McCain, a billionaire Canadian frozen food mogul and philanthropist, has died aged 81.<\/p>\n

The co-founder of the McCain Foods empire died in Toronto on Friday, after losing a 14-month battle with cancer.<\/p>\n

He helped turn a small French fry plant into a global business, renowned for its oven chips and frozen pizzas.<\/p>\n

Forbes Magazine ranked Mr McCain 512th on its annual list of the world’s billionaires, estimating his personal net worth at $2.3bn (\u00a31.4bn).<\/p>\n

‘Great Canadian’<\/span><\/p>\n

His death was announced by the board of directors of Maple Leaf Foods, a company he also controlled.<\/p>\n

Former Prime Minister Paul Martin praised Mr McCain as a great Canadian.<\/p>\n

Continue reading the main story<\/a><\/p>\n

\u201cStart Quote<\/span><\/h2>\n
\n

I liked making money, but I love giving it away even more\u201d<\/p>\n<\/blockquote>\n

End Quote<\/span> Wallace McCain<\/span><\/div>\n

“What he built in business is now part of our history,” Mr Martin said in a statement.<\/p>\n

“But what should be known as well was his infectious sense of humor, his compassion and his generosity to so many causes dedicated to making the lives of Canadians better.”<\/p>\n

Mr McCain and his brother Harrison founded McCain Foods Ltd in New Brunswick in 1956.<\/p>\n

The company now operates in 44 countries and produces more frozen chips than any other in the world.<\/p>\n

In 1995, he became an Officer of the Order of Canada – one of the country’s highest honours.<\/p>\n

He was also known for his philanthropic activities, fundraising for Canada’s National Ballet School, and establishing an entrepreneur training institute in his name at the University of New Brunswick.<\/p>\n

“I liked making money,” Mr McCain once said, “but I love giving it away even more.”<\/p>\n

He is survived by his wife Margaret, his four children and nine grandchildren.<\/p>\n<\/div>\n

Read the rest here:
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