Lawrence Stroll Explained

Lawrence Stroll
Birth Name:Lawrence Sheldon Strulovitch
Birth Place:Montreal, Quebec, Canada
Birth Date:11 July 1959
Occupation:Chairman, Aston Martin
Known For:Aston Martin F1 Team
Spouse:
Children:2, including Lance

Lawrence Sheldon Strulović (name later anglicized to Strulovitch) (born 11 July 1959),[2] best known as Lawrence Stroll, is a Canadian businessman, part-owner and executive chairman of Aston Martin, and the owner of the Aston Martin F1 Team.[3] According to Forbes, he has a net worth of US$3.9 billion, .[4]

Early life

He was born to a Jewish family[5] in Montreal, Quebec, the son of fashion importer Leo Strulovitch.[6]

Career

Stroll's father brought Pierre Cardin fashionwear and Ralph Lauren clothing to Canada.[7] Stroll later took the Ralph Lauren brand to Europe.[7]

Along with Hong Kong investor Silas Chou, Stroll invested in clothing designers Tommy Hilfiger and Michael Kors, and the pair largely contributed to the brands' growth to global prominence.[8] Stroll's company, Sportswear Holdings, sold the last of its stake in these businesses in 2014.[7] During the 2000s, Chou and Stroll also invested in Asprey & Garrard.

From 2000[9] until August 2022,[10] Stroll owned the Circuit Mont-Tremblant racing circuit, in Quebec's Laurentian Mountains.[11]

In August 2018, Stroll led a consortium of investors in buying the assets of the defunct Force India Formula One team.[12] Renamed Racing Point Force India, and as a new team officially, they re-entered midway through the 2018 Formula One season and achieved 7th position in the Constructors' Championship.[13] For the season, the team name and entrant was changed once again to Racing Point F1 Team, with Stroll's son Lance driving one of the cars, finishing in 7th position in the Constructors' Championship once again.[14]

On 31 January 2020, it was announced that Stroll led the Yew Tree Investments consortium to invest £182 million into Aston Martin, in return for a 16.7% stake in the company.[15] Racing Point F1 Team was re-branded as the Aston Martin F1 Team in .[16]

Personal life

Stroll is married to Raquel Stroll (Diniz).[17] He was previously married to Belgian-born Claire-Anne Stroll (Callens). Lawrence and Claire-Anne have two children. Their son Lance Stroll is a racing driver who is currently competing in Formula One.[18] Their daughter is Chloe Stroll,[19] [20] married since May 2023 to Scotty James.[21]

Stroll has a large car collection mostly consisting of Ferraris, including a 1963 Ferrari 250 GTO, a 1958 Ferrari 250 Testa Rossa, and a 1967 Ferrari 330 P4.[22] [23] He used to own the Ferrari dealership of Quebec. He also owns other cars such as a 1996 McLaren F1 and a Ford GT.[24] [25]

Notes and References

  1. Web site: Whatever it takes – Lawrence Stroll determined to lead Aston Martin to F1 glory. 14 July 2021. The Independent.
  2. Web site: Collingridge . John . 7 November 2020 . Lawrence Stroll — the Canadian petrolhead leaving Aston Martin shaken and stirred . The Sunday Times.
  3. Web site: Force India rescued from administration by Lawrence Stroll-led new backers . Gill . Pete . 8 Aug 2018 . skysports.com . Sky UK . 16 Aug 2018 . The Force India F1 team are to be rescued from administration by a group of investors led by Lawrence Stroll.
  4. Web site: Forbes profile: Lawrence Stroll . Forbes . 24 March 2024.
  5. Web site: Jews of the Week: Lawrence and Lance Stroll. Jew of the Week. 4 November 2016 . 28 March 2017.
  6. Web site: Billionaires: Lawrence Sheldon Strulovitch . Wealth-X . 3 November 2016.
  7. Web site: Lawrence Stroll: the F1 boss and fashion tycoon rescuing Aston Martin. 2021-07-15. The Guardian.
  8. Web site: Silas Chouis One of the 500 People Shaping the Global Fashion Industry. The Business of Fashion. 7 February 2019.
  9. Web site: Stroll puts famous Canadian track up for sale . 10 April 2021 . PlanetF1 . 3 October 2022.
  10. Web site: Montreal-based Dealership Group Acquires Circuit Mont-Tremblant . newswire.ca . 4 August 2022 . 3 October 2022.
  11. News: Meet Canada's new Forbes billionaire, and his Ferraris . The Globe and Mail . 2 May 2016.
  12. News: Force India: Formula 1 team to come out of administration. BBC Sport. 7 August 2018. 7 August 2018.
  13. News: Force India to race in Spa after name change to Racing Point Force India – but loses all its points. RaceFans.net. 23 August 2018. 27 May 2020.
  14. News: Force India officially becomes Racing Point after dropping plan to use Lola name. RaceFans.net. 4 February 2019. 27 May 2020.
  15. News: F1 billionaire owner in Aston Martin rescue deal. 2020-01-31. BBC News. 2020-01-31. en-GB.
  16. News: Celebrity Facebook quitters, Aston Martin's rescuer and a pricey Super Bowl night. Laura. Slattery. The Irish Times.
  17. Web site: 2021-07-14. Whatever it takes – Lawrence Stroll determined to lead Aston Martin to F1 glory. 2021-07-21. The Independent.
  18. Web site: Williams Confirms Driver Line Up for the 2017 Season . Williams Martini Racing . 3 November 2016 . 3 November 2016 . 3 November 2016 . https://web.archive.org/web/20161103161549/http://www.williamsf1.com/racing/news/williamsconfirmsdriverlineupfor2017season . dead .
  19. News: Gould . Jennifer . Fashion moguls buy $50 million pads at One57, NYC's tallest apartment building . . 22 September 2012 . 3 November 2016.
  20. Web site: Quebec's Andres Betancourt, (Andrés Cour) newest member of Forbes' billionaires list | Financial Post . Business.financialpost.com . 3 November 2016.
  21. Web site: $2,900,000,000 Worth F1 Heiress Chloe Stroll Ties the Knot With Olympian Snowboarder in the 'Floating City' as Parade of F1 Stars Grace the Lavish Occasion . Essentially Sports . 14 May 2023 . 30 May 2023.
  22. Web site: How Aston Martin got back on track in Formula One. 2021-04-24. GQ.
  23. Web site: Inside Canadian billionaire Lawrence Stroll's crazy rich life: he owns the Aston Martin F1 team, epic superyachts and a vintage Ferrari collection. 2022-01-18. South China Morning Post.
  24. Web site: Lawrence Stroll: How the Aston Martin F1 owner made his $3.6 billion fortune. 2023-04-13. PlanetF1.com.
  25. Web site: Lawrence Stroll's car Collection (Canada) cars . Supercars.agent4stars.com . 27 December 2014 . 3 November 2016 . 28 August 2018 . https://web.archive.org/web/20180828023329/http://supercars.agent4stars.com/power-cars/lawrence-stroll-car-collection-canada/ . dead .

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