The businessman invested hundreds of millions of dollars to add the Aston Martin racing team to his fortune.
The wealth of Lawrence Stroll It grows bigger every year in millions of dollars and is currently ranked 809th among the largest billionaires according to Forbes. This position is possible thanks to his investments in the fashion industry and in motorsports. The Canadian is the owner of the Aston Martin Formula 1 team.
His passion for racing and cars made the businessman expand his investments by becoming the owner of the Mont-Tremblant circuit in Quebec. This affinity is also present in his intimacy due to his high-end car collectionShe relies almost entirely on various Ferrari models and has her own dealership in Montreal. Her most ostentatious pieces are her Ferrari 250 GTO, her GT40 and an F50.
How Lawrence Stroll made his fortune
The Canadian began his entrepreneurial career at an early age when he received the license for the children’s clothing brand Pierre Cardin Lawrence Stroll started his business with the help of his father, the fashion importer, Leo Stroll. The children’s clothing brand that he obtained allowed him to gain experience and get to know the sector. This step was a success for Lawrence Stroll because he managed to expand the brand to the whole world. Canada.
15 years later, he obtained the license to manage Polo Ralph Lauren in the European market, under the conglomerate Poloco SA. This group was the result of the alliance between Stroll and the Chinese textile manufacturer, Silas Chou. Their association was renamed Sportswear Holdings and subsequently invested in Tommy HilfigerThe combination of fashion shareholders managed to generate more than 2 billion dollars a year before acquiring Michael Kors.
This leap in Stroll’s fortune allowed him to invest in his passion for motor racing.. The Canadian once again brought in his Sportswear Holdings conglomerate to acquire a racing team in the Force India F1 team. His team was renamed Racing Point. This investment was not enough to satisfy the Canadian and the billionaire injected 235 million dollars into Aston Martin. This investment allowed the process to begin to merge his teams into the current Formula 1 team.
How much is Lawrence Stroll’s fortune, according to Forbes
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The motoring enthusiast managed to gather a fortune of 3.9 billion dollars according to Forbes magazineThis sum was made possible by his successful career in the fashion industry, his investments and his passion for racing.
Source: Ambito
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