Aston Martin’s executive chairman and part-owner, Lawrence Sheldon Strulović, better known by his stage name Lawrence Stroll, is a Canadian billionaire businessman who also owns the Aston Martin F1 Team.
What is the Net Worth of Lawrence Stroll?
With a $3.4 billion net worth, Lawrence Stroll is a Canadian fashion billionaire, auto collector, and racing team owner. Introducing Ralph Lauren and Pierre Cardin to Canada was how Lawrence Stroll made his first million dollars. He leveraged his success to make an early investment in the Tommy Hilfiger brand alongside a partner, Silas Chou. In the late 1980s, they made a controlling ownership investment in Tommy Hilfiger.
Tommy Hilfiger rose to prominence as one of the world’s most prosperous fashion brands during the ensuing ten years. Through their investment company Capri Holdings, Lawrence and Silas utilized their success with Tommy Hilfiger to invest in several other brands, including Karl Lagerfeld and Michael Kors. Currently, Capri Holdings’ yearly gross sales are close to $6 billion.
Lawrence’s love of vehicles is well known, even outside of the fashion world. He possesses one of the most valuable and highly regarded private collections of classic Ferraris. Roughly 17% of Aston Martin was acquired by Lawrence and a group of partners in January 2020.
Lance Stroll is a Formula One racer and the son of Lawrence. To the dismay of non-billionaire trust fund babies like Lewis Hamilton, Lance is one of a growing number of billionaire progeny who have turned to Formula One racing. Lance drives for Aston Martin, a company that his father owns in part.
Related: From Courtside to Cash: Sabrina Ionescu’s Impressive Net Worth Revealed!
Aston Martin
Stroll and a consortium of investors acquired the Force India Formula One team in 2018. It was subsequently renamed Racing Point F1 Team and Racing Point Force India.
It was disclosed in January 2020 that Lawrence and a consortium of investors had acquired a 16.7% stake in Aston Martin for approximately $235 million. Not the racing crew, but the entire automobile manufacturer. Racing Point F1 was redesignated as Aston Martin in 2021.
Related: Casimir Funk Net Worth – Google Doodle Was Created to Honor Funk’s 140th Birthday!
Car Collection of Lawrence Stroll
Evidently, Lawrence Stroll is enthusiastic about racing automobiles. He possesses one of the most valuable inventories of the brand on the planet and has a particular fondness for Ferraris. His collection contains over thirty Ferraris, including a 250 GTO that is presumed to be worth over $50 million because only 36 examples remain in the world. In fact, he possesses a private racetrack in the vicinity of Mont Tremblant, Quebec, where he is free to race them.
Lawrence also possesses a Ford GT, numerous McLarens, and Aston Martins, in addition to Ferraris. The automobile collection of Lawrence Stroll is undoubtedly worth $200 million. Possibly even more.
He paid $27.5 million for an extremely uncommon 1967 Ferrari GTB N.A.R.T. in 2014. Additionally, he is among the privileged few individuals worldwide who possess a Ferrari 250 GTO. There are a mere 36 remaining in existence, and private sales have reportedly surpassed $50 million. A LaFerrari, which he additionally possesses, typically costs around $4 million. During one period, he was the proprietor of the Ferrari dealership in Quebec.
Real Estate Owned by Lawrence Stroll
Lawrence Stroll owns properties in London, Mont Tremblant, Westmount, and the private Caribbean island of Mustique.