Ron JoyceFounder of Tim Hortons dies at 88
Joyce began his life in rural Nova Scotia, raised by a widowed mother in a house with no electricity or indoor plumbing. After moving to Hamilton, Ontario in his youth, he joined the Canadian Forces, then found work as a police officer before, in 1964, he was approached by Tim Horton, a star defenceman for the Toronto Maple Leafs, about launching a donut chain. Joyce borrowed $10,000 from the local credit union and helped launch Tim Horton's Cafe and Bake Shop.
The chain quickly grew into Canada's largest donut shop, with over 3,600 locations; it began a successful entry into the U.S. market in the 21st century. The company merged with Wendy's in 1992 after Joyce met Dave Thomas at a grand opening for a franchisee's joint Wendy's/Tim Hortons location. After the two companies split apart a few years later, in 2014, Brazilian equity firm 3G Capital (who also own Burger King) bought the chain.
At the time of his death, Joyce had an estimated net worth of around $1.4 billion in U.S. dollars.
Obituary from the CBCWikipedia