Who is Lawrence Stroll?
He is a successful fashion entrepreneur. Stroll is the man behind the success of Tommy Hilfiger. He was born in July 1959 in Montreal. He is married to Claire-Anne Stroll, they have 2 children. He is F1 race driver Lance Stroll’s dad.
Source of Wealth
His father owned a children’s clothing business, which owned the licensing rights of Pierre Carding 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.
Later he became a partner with Tommy Hilfiger. Together with the Hong Kong-based Silas Chou, he founded Sportswear Holdings Ltd.
Through Sportswear Holdings he acquired in 1989 the then relatively unknown Tommy Hilfiger brand. He built that into a worldwide brand with more than US$ 2 billion in sales.
In 1992 Hilfiger went public. And in 2006 the Hilfiger Corporation was acquired by Apax Partners for USD 1.6 billion.
View the interesting interview with Stroll, where he explains the start of his business career. (A bit further down this page).
In 2003 Sportswear Holdings acquired a 52 % stake in Michael Kors Holdings. For a reported US$ 85 million. When Kors went public in 2011 their share was valued at US$ 1.9 billion.
Stroll is a Ferrari collector. He owns more than 25 vintage cars including a Ferrari 250 GTO. In 2013 he paid a record US$ 27.5 million for a rare 1967 Ferrari 275 GTB N.A.R.T. Spider.
Other cars in his collections are:
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 finally a McLaren GTR.
In September 2014 there were reports that Mr. Stroll was about to acquire the Sauber F1 team. Stroll also owns the Formula One race circuit Circuit Mont-Tremblant in Canada’s Laurentian Mountains.
SuperYacht Faith (project Vertigo)
SuperYachtFan was informed that Mr. Stroll is the owner of Feadship’s 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.
Stroll Net Worth
Forbes estimated his net worth at US$ 2.6 billion.