Ronald Joyce Net Worth $1.3 Billion
Canadian billionaire businessman Ronald Joyce is the co-founder of Tim Hortons and he has an estimated net worth of $1.3 billion as of March 2013. This season, the co-founder of Tim was added for the very first time in the World Billionaires list by Forbes and is ranked 1175th overall. He is likewise the 25th wealthiest the Canadian. They later sold the company to Wendy’s, which will be owned by Dave Thomas, in 1995 for $600 million. In 1974, Horton died in an automobile crash. Mr. Joyce bought his partner’s shares and became the only owner of the doughnut chain who was afterwards known as the Doughnut King of Canada. After the Wendy’s trade in 1995, Ron became the largest single investor of the fast food chain who gained more than $16 million shares. The former policeman then followed his bowel and started two more restaurants under the same name in 1967 and became a complete partner for Horton. Ronald Joyce sold all of his shares to Wendy’s in 2003 and has invested the cash in other Canadian businesses which have paid considerable dividends for him. Ron now owns an aircraft charter company and the Fox Harb’r golf resort in the north coast of Nova Scotia. Ron and Tim additionally serves as the chairman emeritus of the Tim Horton Children Foundation.