Lawrence Stroll Net Worth 2024: How Much Does Executive chairman of Aston Martin Make?
In 2024, Lawrence Stroll’s net worth is around $3.9 Billion. In this article, we will learn about Lawrence Stroll’s Net Worth 2024: How Much Does Executive Chairman of Aston Martin Make?
Lawrence Stroll is a Canadian billionaire businessman who is well-known for being the part-owner and executive chairman of Aston Martin, as well as the owner of the Aston Martin F1 Team. As of July 2023, his net worth is estimated to be US$3.9 billion, according to Forbes. In January 2020, a consortium led by Stroll invested £182 million in Aston Martin, which gave them a 16.7% stake in the company. As a result of this investment, the Racing Point F1 Team was rebranded as the Aston Martin F1 Team in 2021.
How Much is Lawrence Stroll Net Worth 2024?
Lawrence’s net worth in 2024 is around $3.9 Billion. Lawrence Stroll, a 63-year-old multi-billionaire, currently leads the Aston Martin F1 team and has played a crucial role in securing his son Lance’s F1 career. His wealth has grown significantly in recent years, with his net worth estimated at $3.9 billion in 2024, up from $2.4 billion in 2016, making him the 812th richest person in the world according to Forbes.
Stroll’s rise in motorsport has been accompanied by his shrewd investments in the industry. He has diversified from his interests in cars and fashion by leading the Racing Point consortium to own an F1 team. In addition, he has invested heavily in the Aston Martin car company.
Lawrence Stroll comes from a wealthy family business in the fashion industry. He was born on July 11th, 1959, in Montreal, Canada, and his original family name is Strulovitch, which has Russian roots from his father Leo. Leo was a fashion importer who brought the Pierre Cardin brand to Canada.
As a child and teenager, Stroll learned the ropes of the fashion industry from his father. When he turned 17, he was granted a license to the children’s clothing line of Pierre Cardin for the Canadian market. Stroll was enthusiastic about his role and worked hard to expand the brand’s presence in Canada over the next ten years.
Fifteen years after a fortuitous event, Stroll found himself bidding against Ralph Lauren for a car. Although Lauren won the car, Stroll obtained a new license for Poloco S.A. to take responsibility for Polo Ralph Lauren in Europe, as the brand was gaining popularity in the United States at the time.
In 1989, Silas Chou and Lawrence Stroll founded Sportswear Holdings, a company that helped Ralph Lauren’s brand gain popularity in Europe. Chou and Stroll had known each other for a long time as their fathers had previously worked together. The success of Sportswear Holdings also led the duo to invest significantly in the Tommy Hilfiger brand.
In 1992, Chou and Stroll took over Sportswear Holdings, where Chou managed supply and distribution while Stroll was responsible for marketing and growth and served on the board of directors until 2002. By 2000, the company was generating an annual turnover of $2 billion, a significant increase from $25 million just 11 years prior. The company also acquired Pepe Jeans in 1991, with Stroll serving as Group CEO from 1993 to 1998.
In 2003, Sportswear Holdings acquired 85% of the Michael Kors brand for $85 million, which became a successful venture. Lawrence Stroll was co-chairman of the company from 2003 to 2011. The company went public on the New York Stock Exchange in 2011, reaching a value of $3.6 billion. Sportswear Holdings sold its remaining stake in Michael Kors in 2014.
In 2000, Stroll bought the Mont-Tremblant circuit, showcasing his love for motorsports. After becoming a billionaire, he invested more money into his passion for racing cars.
| Net Worth | $3.9 Billion |
| Date Of Birth | 11 July 1959 |
| Birth Place | Montreal, Canada |
| Age | 64 years |
| Profession | Executive chairman of Aston Martin |
| Nationality | Canadian |
| Zodiac Sign | Cancer |
Lawrence Stroll Net Worth in the last three years
| Year | Lawrence Stroll’s Net Worth |
| 2023 | $3 Billion |
| 2022 | $2 Billion |
| 2021 | $1 Billion |
Lawrence Stroll Wealth
1. Car Collection
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