Do you want to learn more about Lawrence Stroll, the billionaire behind Aston Martin and F1? If so, you are in the right place.
In this article, you will discover the fascinating life story of this remarkable man who has transformed the world of fashion and automotive with his vision, passion, and courage. You will find out how he started from humble beginnings in Montreal, how he built a fashion empire with brands like Tommy Hilfiger and Michael Kors, and how he saved Aston Martin from bankruptcy and brought it back to F1 glory.
You will also learn about his personal life, his car collection, and his net worth. This article will inspire you, entertain you, and educate you about one of the most influential and successful figures in the world of luxury and racing. Read on to find out more about Lawrence Stroll.
Lawrence Stroll – Early Life and Education
Lawrence Sheldon Strulović was born on July 11, 1959, in Montreal, Quebec, to a Jewish family. His father, Leo Strulovitch, was a fashion importer who brought Pierre Cardin and Ralph Lauren clothing to Canada.
His mother, Liliane Strulovitch, was a homemaker. He has a sister named Karen Strulovitch.
Stroll attended The Selwyn House School and The Trinity College School in Ontario. He then studied business administration at McGill University, but dropped out after two years to pursue his passion for fashion.
Lawrence Stroll – Fashion Investments
Stroll started his career in the fashion industry by working for his father’s company, Polo Ralph Lauren Canada. He later took the Ralph Lauren brand to Europe and became its licensee for men’s clothing, accessories, and fragrances.
In 1989, he partnered with Hong Kong investor Silas Chou to form Sportswear Holdings, a private equity firm that specialized in fashion investments.
Together, they acquired a controlling stake in Tommy Hilfiger for $100 million and turned it into a global phenomenon. They also invested in other brands like Pepe Jeans, Hackett, and Karl Lagerfeld.
In 2003, they sold their stake in Tommy Hilfiger for $1.6 billion and bought a majority stake in Michael Kors for $100 million.
They expanded the brand’s presence in Europe and Asia and launched its initial public offering (IPO) in 2011. The IPO was a huge success, raising $944 million and valuing the company at $3.8 billion.
Stroll and Chou gradually sold their shares in Michael Kors over the years, making billions of dollars in profits. They sold their last stake in 2014 for $1.9 billion.
During the 2000s, they also invested in Asprey & Garrard, a British luxury jewelry and accessories brand.
Lawrence Stroll – Aston Martin and F1
Stroll has always been passionate about cars and racing. He owns a large collection of vintage Ferraris and other luxury vehicles. He also used to own the Ferrari dealership of Quebec and the Canadian race car circuit Circuit Mont-Tremblant.
In 2018, he led a consortium of investors to buy the Force India Formula One team for £90 million plus assumption of £15 million in debt. The team was renamed Racing Point Force India and later Racing Point F1 Team. Stroll’s son Lance Stroll, who is a racing driver, joined the team as one of its drivers.
In 2020, Stroll led another consortium of investors to invest £182 million into Aston Martin, a British luxury car maker that was struggling financially. In return, he received a 16.7% stake in the company and became its executive chairman. He also rebranded his F1 team as the Aston Martin F1 Team, marking the brand’s return to F1 after 60 years.
Stroll has ambitious plans to revive Aston Martin’s fortunes and make it a global leader in luxury cars and racing. He has hired new executives, launched new models, secured partnerships with Mercedes-Benz and Cognizant, and signed Fernando Alonso as one of his F1 drivers.
Lawrence Stroll – Personal Life and Net Worth
Stroll is married to Raquel Stroll (née Diniz), a Brazilian model and socialite. He was previously married to Claire-Anne Stroll (née Callens), a Belgian-born fashion designer.
He has two children: Lance Stroll and Chloe Stroll.
Stroll lives in Geneva, Switzerland, but also owns properties in London, New York, Mustique Island, Mont-Tremblant, and Westmount.
According to Forbes, he has a net worth of US$3.7 billion as of May 2023. He ranks as the 787th richest person in the world and the 23rd richest person in Canada.
Lawrence Stroll is a self-made billionaire who has made his fortune by investing in fashion and automotive industries. He is a visionary leader who is not afraid to take risks and pursue his dreams.
Lawrence Stroll is also a passionate car enthusiast and a proud father. He is one of the most influential and successful figures in the world of luxury and racing.
