Lawrence Stroll Net Worth

How rich is Lawrence Stroll?

Canadian top manager Lawrence Stroll owes his fortune primarily to his career in the textile industry. In addition to numerous investments and the development of well-known fashion brands, Stroll is best known for his love of cars. This also led him to prepare an impressive career plan for his son Lance and thus become one of the most influential people in Formula 1. In the textile industry, it was brands like Michael Kors, Ralph Lauren and Tommy Hilfiger that steadily increased his fortune. This enabled him to have enough capital to invest in the Aston Martin F1 Team Formula 1 racing team . Lawrence Stroll ‘s estimated net worth is $2.67 billion .

Wealth accumulation began in the textile industry

Lawrence Stroll began importing brands such as Ralph Lauren and Pierre Cardin from the United States to Canada at an early age and subsequently marketing them there. With his Chinese friend and business partner Silas Chou, he invested in numerous fashion brands. Michael Kors, Tommy Hilfiger and Asprey & Garrard are just a few notable examples. The Canadian manager is also credited with the successful IPO of the Michael Kors brand in 2011. Stroll made most of his fortune from the sale of his shares in this American fashion brand. By 2014 , he sold his Michael Kors shares in several tranches, making hefty profits .

Impressive career plan for son Lance

Canadian Lawrence Stroll has Jewish roots. His marriage to Claire-Anne Stroll has two children. His son Lance and daughter Chloe have both Canadian and Belgian citizenship from their mother. After Stroll’s career took off, the family moved to Switzerland in 2010. The background to the move was the career plan for his son Lance . The then 12-year-old flagship son was supposed to become a Formula 1 professional. Lawrence Stroll offered his son the perfect framework for this. In addition to participating in junior races of the best racing teams, Stroll always sponsored innovative techniques for his son. For example, in 2016 Lance Stroll was the first to train with a brand new simulator. He was given preference for this training over the Formula 1 professionals Valtteri Bottas and Felipe Massa.

Lawrence Stroll invests in Formula 1

Anyone who really knows Lawrence Stroll knows about his fondness for cars. In 2013, the Canadian bought a vintage Ferrari for a record-breaking €22.7 million. Then in 2018 he proved his love for fast cars even more impressively. With a group of investors he put together, he took over the insolvent Formula 1 racing team Force India . The equivalent of more than 100 million euros was due for this. In addition, there were another 17 million euros in liabilities from the racing team. The Formula 1 team then took part in the championship in 2019 under the new name Racing Point F1 Team . Lawrence Stroll realized his lifelong dream and became part of Formula 1 with his large investment.

Racing Point F1 Team

With his entry into the Racing Point F1 Team, Lawrence Stroll also created interesting opportunities for his son . Because Lance Stroll was subsequently committed as one of the two drivers of this racing team. So he left the Williams F1 team as a racing driver and thus completed his father’s career plan.

Aston Martin F1 Team

In 2019, the name of the Formula 1 team was changed to Racing Point F1 Team, before the team will operate under the Aston Martin name from the 2021 season. Lance Stroll and  Sebastian Vettel were hired as racing drivers . The background to the last name change is Stroll’s large investment in Aston Martin. He acquired 16.7% of the shares in Aston Martin for over 200 million euros . Toto Wolff has also invested in Aston Martin, albeit a small stake (0.95%) so as not to affect his exposure to Mercedes. Lawrence Stroll is now considered one of the 10 most influential people in Formula 1. And one can assume that the manager will continue to grow his fortune with his investments.

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