LAWRENCE STROLL • Net Worth $3 billion • House • Yacht • Private Jet • Father of F1 Driver Lance

Name:Lawrence Stroll
Net Worth:$3 billion
Source of Wealth:Tommy Hilfiger, Michael Kors, Racing Point F1
Born:July 1959
Wife:Raquel Diniz
Children:Lance Stroll, Chloe Stroll
Residence:Montreal, Canada
Private Jet:Bombardier Global 7500 (OE-LLS)
Global 6000 (N711LS)

Introduction to Lawrence Stroll

Lawrence Stroll is a highly successful fashion entrepreneur best known for his involvement in the growth of Tommy Hilfiger. Born in July 1959 in Montreal, Stroll is married to Raquel Diniz and is the father of two children with his ex-wife Claire-Anne Stroll, including F1 driver Lance Stroll.

Building His Wealth

Lawrence Stroll’s father owned a children’s clothing business, which held the licensing rights to Pierre Cardin and Polo Ralph Lauren in Canada. At the age of 15, Lawrence began working at his father’s company and later started a business selling the Ralph Lauren brand in Europe.

Stroll later became a partner with Tommy Hilfiger and, along with Hong Kong-based Silas Chou, founded Sportswear Holdings Ltd. Through Sportswear Holdings, Stroll and Chou acquired the relatively unknown Tommy Hilfiger brand in 1989 and transformed it into a worldwide brand with over $2 billion in sales.

In 1992, Hilfiger went public, and in 2006, the Hilfiger Corporation was acquired by Apax Partners for $1.6 billion.

Investing in Michael Kors

In 2003, Sportswear Holdings acquired a 52% stake in Michael Kors Holdings for a reported $85 million. When Kors went public in 2011, their share was valued at $1.9 billion.

Passion for Ferrari Collection

Stroll is an avid Ferrari collector, owning more than 25 vintage cars, including a Ferrari 250 GTO. In 2013, he paid a record $27.5 million for a rare 1967 Ferrari 275 GTB N.A.R.T. Spider.

Other notable cars in his collection include a Ferrari 250 Testa Rossa Scaglietti Spyder (1957), 512 M Sunoco, 512 BB LM, 288 GTO, 412 P, 250 GTO, F40 GTE, F50, Enzo, Enzo FXX, LaFerrari FXXK, 360 GT, 360 Challenge, F430 Challenge, 330 P4, 333 SP, 275 GTB, FXX, McLaren M8D, McLaren M22, Porsche 959, Ford GT40, McLaren F1, and a McLaren GTR.

Stroll was rumored in September 2014 to be considering the acquisition of the Sauber F1 team. Moreover, Stroll owns the Formula One race circuit Circuit Mont-Tremblant in Canada’s Laurentian Mountains.

Lawrence Stroll’s Net Worth

According to Forbes, Lawrence Stroll’s net worth is estimated at $3 billion. His successful business ventures in the fashion industry, strategic investments, and passion for collecting rare automobiles have contributed to his impressive wealth.

Lawrence Stroll’s Impact on the Fashion Industry

Throughout his career, Stroll has played a significant role in shaping the global fashion industry. His early work in expanding the Ralph Lauren brand to Europe and his partnership with Tommy Hilfiger have influenced the growth and development of iconic fashion brands. His strategic investments in companies like Michael Kors Holdings further demonstrate his keen business acumen and ability to identify promising opportunities.

As a result of his vast experience and success in the fashion world, Lawrence Stroll has become an influential figure and an inspiration for aspiring entrepreneurs. His remarkable accomplishments in business, sports, and luxury lifestyle have earned him a well-deserved reputation as a visionary leader in his field.

Lawrence and Lance Stroll

Lance Stroll-Lawrence Stroll

Lawrence and Lance Stroll

Raquel Diniz and Lawrence Stroll

Claire Anne Stroll

Lance Stroll’ Dad

His son Lance Stroll is a professional race driver. In 2017 Lance Stroll joined the Williams Grand Prix team,. As a F1 driver together with Felipe Massa.

Lance Stroll began his driving career on his father’s private circuit in Mont Tremblant. He has won many prizes in the Italian Formula 4 series. And in the Formula 3 Championship.

Lance Stroll net worth is probably less than US$ 100 million. (Ignoring his father’s wealth).

Frequently Asked Questions (FAQ)

How Much did Stroll spent on Lance’s Racing Career?

He is rumored to have spent more than US$ 80 million to help his son. Lance Stroll told Germany’s Auto Bild.: “Motorsport is a sport where money is important. Of course so I’m very happy that my father helps me”.

In the (rainy) qualification of the FORMULA 1 GRAN PREMIO HEINEKEN D’ITALIA 2017 in Monza, Italy. Lance Stroll showed that he is actually a very talented driver. He became the youngest driver to start a Formula One race from the front row.

Why is Lawrence Stroll so rich?

His father owned a children’s clothing business, which owned the licensing rights of Pierre Cardin and Polo Ralph Lauren in Canada. Lawrence started working at his father’s company at the age of 15.

Lawrence started a business selling the Ralph Lauren brand in Europe. In 1989 he acquired the then relatively-unknown Tommy Hilfiger brand. He built that into a worldwide brand with more than $2 billion in sales.

How much money does Lawrence Stroll make?

His net worth is $3 billion. He earned $1.6 billion when he sold the Tommy Hilfiger brand to Apax Partners.

Where do the Stroll family live?

The family owns houses in  Toronto, London, Geneva and Mustique.

Which yacht does Stroll own?

He owned the yacht Faith, which he sold to Michael Latifi. He is now building an 80-meter yacht in the Netherlands.

Racing Point F1 Team

In August 2018 Stroll bought the F1 team Force India. Which had been in financial trouble for a while. He paid GBP 90 million, or US$ 120 million.

With the purchase Force India’s creditors were be paid in full. All 405 jobs at the team were saved. And ongoing funding was guaranteed. In the 2019 season, Lance Stroll became a driver at the team. Which was later named Racing Point.

Aston Martin Formula 1 Team

In January 2020 it was announced that Stroll would invest US$ 239 million in the struggling car brand Aston Martin. Stroll will pay $238 million for 16.7 % of Aston Martin at a price of £4 per share. The Canadian billionaire’s stake could rise to 20% if the rescue plan is successful. The deal means that Stroll’s Formula 1 team Racing Point was rebranded as Aston Martin Formula 1 in 2021. Stroll is now Executive Chairman at Aston Martin.

Raquel Diniz

Lawrence is married to fashion designer Raquel Diniz. She is active on Social Media, and often posts photos on board large yachts. They married in 2020 in the Caribbean island of Mustique

Claire-Anne Stroll

Stroll’s ex wife and Lance’ mother is Claire Anne Stroll. She is a fashion designer and owner of the fashion brand Callens. She was born in Brussels, Belgium in the 1960s.

Claire-Anne and Lawrence divorced in 2017.

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Scroll down for interior photos, and footage of his house and private jet!

Stroll Residence

Yacht Faith

SuperYachtFan was informed that Mr. Stroll is the owner of the Feadship yacht Faith (Hull 1006). Chahan Minassian of Chahan Interior Design is responsible for the interior of Faith.

Chahan Minassian is Mr. Stroll’s personal designer. He also designed the interior of a London apartment owned by Stroll.

Faith is 97 meters (or 317 ft) and able to accommodate 18 guests and a crew of 34.

Her features include a below deck heli hangar. And a spa area with a massage room, and steam room. She also has a large 9m x 4m swimming pool, with a glass bottom pool. Faith has a value of more than US$ 200 million.

Sold to Michael Latifi

In August 2020 several of our sources informed us that Faith has been sold to Michael Latifi. He is an Iranian-Canadian businessman and owner of Sofina Foods Inc. Sofina is a Canadian producer of Foods, selling to retail and food service companies.

Nicholas Latifi

Michael is the father of F1 driver Nicholas LatifiNicholas is competing in Formula One for Williams Grand Prix Engineering

New Yacht

Stroll is building a new 80 meter yacht in the Netherlands. So he is downgrading in size. But 80 meters is more convenient for most yachting destinations.