Lawrence Stroll has a net worth of $2.9 billion. He was in 1012th position on the 2022 Forbes List of Billionaires.
The Canadian billionaire is one of the most renowned entrepreneurs in the Formula 1 arena. His net worth reached as high as $3.2 billion in 2021. He earned his wealth through investments in fashion before making his mark as a racing boss.
Lawrence Stroll Business Over The Years
Stroll initially made a massive fortune in the fashion industry by introducing Ralph Lauren in Canada and later expanding the brand across Europe. Lawrence also pioneered Michael Kors’ incredibly successful IPO in 2011, along with his business partner Silas Chou.
The alliance with Hong Kong fashion tycoon Chou helped him earn a lot of wealth as they acquired Tommy Hilfiger and made it a globally popular fashion brand. He later sold his stake in the company and amassed greater wealth.
Lawrence bought F1 team Force India in 2018 along with other investors. The team changed its name initially to Racing Point Force India and a year later to Racing Point F1 Team.
He invested £182 million in Aston Martin in 2020 in exchange for a 16.7% stake in the company. The Canadian entrepreneur also became the executive chairman of the company. He has been in charge of the position to date.
Racing Point F1 Team was then rebranded as Aston Martin F1 Team in 2021 as part of the deal. This move also marked Aston Martin’s return to Formula 1 after 60 years. His son continues to drive for Aston Martin alongside Fernando Alonso in the 2023 season.
Stroll also owned a Canadian race car circuit called Circuit Mont-Tremblant in Quebec from 2000 to August 2022. Throughout the years, he has continued to invest in various sources and keeps on climbing the ladder.
Lawrence Stroll Car Collection is Fascinating
Lawrence’s love and passion for cars go far beyond Formula 1 racing. He has a lavish car collection worth more than $160 million.
The avid car lover has several expensive and rare cars from around the world. From expensive Ferraris to Fords and McLarens, he has them all. Stroll loves Ferrari more than anything else and owns more than 30 cars from his favorite brand.
His vintage Ferrari collection includes a Ferrari 250 GTO, one of the most expensive cars ever, worth $70 million. Only 36 cars of this model were produced. Stroll is among the lucky ones to own this beast.
1967 Ferrari 275 GTB, 1996 McLaren F1, Ferrari 250 GT Spyder, Ford GT40, Ferrari P3, Ferrari Enzo, Ferrari LaFerrari, etc. are some of the other luxurious cars in Lawrence’s garage.
Apart from cars, Lawrence also owned a superyacht worth over $200 million named Faith at one time. The Canadian billionaire makes sure to enjoy his wealth in all its grandeur.
