Jack Cowin is an Australian-Canadian businessman and self-made billionaire. He is the owner of Hungry Jack’s, which is the Burger King franchise in Australia. He also serves as the Executive Chairman of Competitive Foods Australia, which is considered to be one of the largest privately-owned companies in the country. Cowin’s current net worth is estimated to b $1.24 billion, which makes him one of the richest individuals in Canada.
Prior to venturing into the Australian market, Cowin worked in Toronto with London Life as an insurance salesman for 4 years. The idea to open a fast food restaurant hit him after he saw long queues at a Chinese takeaway restaurant, and he was convinced that opening a fast food restaurant would be a profitable venture. In 1969, he acquired the right to open 10 KFC franchises in Western Australia.
Today Competitive Foods Australia continues to be privately owned by Cowin’s family, and its value is estimated at $350 million. The company owns fifty KFC outlets in the Northern Territory and Western Australia. It also owns a total of 350 Hungry Jack’s outlets across Australia. In addition to that, Cowen is also the owner of a meat processing business that exports throughout the world.