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
Age:
Country:Canada
Wife:Raquel Diniz
Children:Lance Stroll, Chloe Stroll
Residence:Montreal, Canada
Private Jet:Bombardier Global 7500 (OE-LLS)
Global 6000 (N711LS)
YachtFAITH


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.

Key Takeaways: Stroll

  • Fashion Mogul: Lawrence Stroll is a renowned fashion entrepreneur celebrated for his pivotal role in expanding iconic brands like Tommy Hilfiger and Ralph Lauren.
  • Early Ventures: His journey began at his father’s clothing business, where he later introduced Ralph Lauren to Europe.
  • Tommy Hilfiger Partnership: Stroll co-founded Sportswear Holdings Ltd. with Silas Chou, acquiring Tommy Hilfiger and transforming it into a $2 billion global brand.
  • Michael Kors Investment: He invested in Michael Kors Holdings, reaping significant returns when Kors went public.
  • Passion for Ferraris: Stroll’s love for Ferraris led to a collection of over 25 vintage cars, including rare models.
  • Sauber F1 Team: He was linked to the acquisition of the Sauber Formula 1 team.
  • Impressive Wealth: Forbes estimates his net worth at $3 billion, attributed to fashion success, strategic investments, and a luxury car collection.
  • Fashion Industry Influence: Stroll’s expansion efforts and investments shaped the fashion industry.
  • Entrepreneurial Inspiration: His achievements make him an inspiration for aspiring entrepreneurs in fashion and beyond.
  • Yachting: He was owner of the impressive FAITH Yacht, which he sold as he is building a ‘smaller’ yacht.

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: The Racing Prodigy

Lance Stroll, the son of Lawrence Stroll, has made a name for himself as a professional race driver. Joining the Williams Grand Prix team in 2017 alongside Felipe Massa, Lance embarked on his racing career on his father’s private Mont Tremblant circuit. His impressive skills earned him victories in the Italian Formula 4 series and the Formula 3 Championship.

Despite his racing success, Lance Stroll’s net worth is estimated to be under $100 million, excluding his father’s wealth.

Frequently Asked Questions (FAQ)

What are his Investment in Racing?

Lawrence Stroll has been rumored to invest more than $80 million in his son’s racing career, recognizing the financial demands of motorsport.

Where does his Wealth Origins?

Lawrence Stroll’s substantial wealth can be traced back to his father’s children’s clothing business, which held licensing rights for Pierre Cardin and Polo Ralph Lauren in Canada. He started working at the company at just 15 years old.

What was Tommy Hilfiger Transformation?

In 1989, Lawrence acquired the relatively unknown Tommy Hilfiger brand, turning it into a global powerhouse with over $2 billion in sales.

How Much is his Impressive Net Worth?

Lawrence Stroll’s net worth currently stands at $3 billion, with a significant portion stemming from the sale of Tommy Hilfiger to Apax Partners, earning him $1.6 billion.

What are his Residential Luxuries?

The Stroll family enjoys multiple residences, with homes in Toronto, London, Geneva, and Mustique, showcasing their opulent lifestyle.

Which Yachts does he own?

Lawrence previously owned the yacht Faith, later selling it to Michael Latifi. He is presently overseeing the construction of an 80-meter yacht in the Netherlands.

Racing Ventures

Force India Acquisition

In August 2018, Lawrence Stroll acquired the financially troubled Force India F1 team for GBP 90 million (US$ 120 million), securing full payment to creditors, preserving jobs, and ensuring ongoing funding.

Aston Martin Investment

In January 2020, Stroll invested a substantial $239 million in the struggling car brand Aston Martin, leading to his appointment as Executive Chairman at Aston Martin after the rebranding of Racing Point to Aston Martin Formula 1 in 2021.

Family and Personal Life

Raquel Diniz

Lawrence Stroll is married to fashion designer Raquel Diniz, known for her active presence on social media, often sharing photos from their luxurious yacht adventures. They exchanged vows in 2020 on the Caribbean island of Mustique.

Chloe Stroll

His daughter Chloe Stroll was born in.  She is a Singer/Songwriter.

Chloe Stroll emerged as a formidable force in the realm of songwriting, weaving together heartfelt and unfiltered narratives, complemented by her shimmering vocals and a touch of melancholic pop that effortlessly enthralls her audience. Her music provides a sanctuary, a place of solace, healing, and ultimately, hope for all who listen.

Hailing from the vibrant city of Montreal, Canada, Chloe’s musical journey began at a remarkably young age, with her penning her very first song at the tender age of seven. This early fascination with music would prove to be the genesis of an unshakable passion that would stay with her throughout her life.

While Chloe ventured into other pursuits, the allure of music remained an ever-present gravitational force, tugging at her heart and occupying her thoughts. It was a calling that she could never ignore.

Today, Chloe Stroll stands at the threshold of her dreams, fully embracing the role of the singer she has aspired to become. She pours her life experiences into her songwriting, crafting profound and evocative tracks that resonate with the depth of her emotions. Among her notable creations, tracks like “Homesick,” “Hurricane,” “Pedestal,” and “Run” are but a glimpse into the soul-stirring melodies that have become her hallmark.

For Chloe, music has taken center stage in her life, a constant and unwavering presence that fuels her creative spirit and empowers her to share her authentic stories with the world. As she continues to compose and perform, her music promises to be a source of inspiration and connection, a testament to the enduring power of artistic expression.

She is active on social media, and has her own website.

Claire-Anne Stroll

Claire-Anne Stroll, Lawrence’s ex-wife and Lance’s mother, is a fashion designer and the 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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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.

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