Lawrence Stroll is a Canadian businessman with a reported net worth of $2.9 billion. He is a billionaire businessman and is part owner of the Aston Martin F1 Team. He made his fortune by selling his shares in fashion design brands Tommy Hilfiger and Michael Kors.
He was the mastermind behind Michael Kors’ hugely successful initial public offering in 2011 with business partner Silas Chou. Stroll owns an extensive car collection and the 97m superyacht FAITH.
|Net Worth:||$2.9 BILLION|
|Source of Wealth:||FASHION BRANDS|
Lawrence Stroll Net Worth
Stroll has an extensive collection of cars, which are mostly Ferraris. The collection includes the Ferrari 250 GTO to the latest LaFerrari. He also owns cars like a Ford GT and McLaren.
Stroll followed in his father’s fashion footsteps and brought invested in designers Tommy Hilfiger and Michael Kors, along with Hong Kong investor Silas Chou. The pair contributed to both brands’ growth.
Stroll sold the last of his stakes in the company in 2014 through his company, Sportswear Holdings.
Stroll has major interests in professional race car driving. Stroll owns Circuit Mont-Tremblant in Quebec’s Laurentian Mountains. In 2018, he led a group of investors in buying the Force India Formula One team.
The team was renamed Racing Point Force India, which reentered midway through the 2018 Formula One season as a new team.
In 2019, the team’s name was changed again to Racing Point F1 Team, and Stroll’s son, Lance Stroll, was the driver for one of the cars. The team finished in 7th position in the Constructors Championship in 2018 and 2019.
In 2020, Stroll led the second consortium in investing £182 million in Aston Martin for a 16.7% stake. The Racing Point F1 team was re-branded for the third time as Aston Martin in 2021. This was Aston Martin’s first return to Formula One racing in 60 years.
Stroll was born on 11 July 1959. Stroll is married to Raquel Stroll. He is based in Montreal, Quebec in, Canada. He was previously married to Claire-Anne Stroll, a Belgian fashion designer.
They share two children. Lance Stroll, their son, is a racing car driver competing in Formula One. He is one of the youngest members to compete in Formula One and drives for Aston Martin.
Their daughter Chloe Stroll is an aspiring singer engaged to Australian snowboarder and Olympian Scotty James. Lance introduced the pair, who began dating in April 2019.