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Lawrence Stroll's road to Success in F1

Jim K 8/02/2023
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With a net worth of $3.9 billion, Lawrence Stroll is taking on F1

Image: Aston Martin F1

The Formula One world turns remarkably quickly, and the rise of a Canadian billionaire that few in the sport had heard of a decade ago epitomizes the everchanging nature of F1. Lawrence Stroll has morphed from being an unknown figure at the pinnacle of motorsport to leading the charge to break the stranglehold of the so-called 'big three' atop the F1 ladder. But how did he get there?

With a net worth of $3.9 billion, Lawrence Stroll is taking on F1

Image: Shutterstock/Motorsport photographer

Meanwhile, he and Hong Kongese investor Silas Chou, his most enduring business collaborator, partnered to expand Ralph Lauren's European presence over the next decade.

With a net worth of $3.9 billion, Lawrence Stroll is taking on F1

Image: Aston Martin F1

After leaving Hilfiger, Sportswear looked for the next ambitious fashion designer and found Michael Kors, where they bought an 85 percent stake. Upon the Kors brand's initial public offering in December 2011, the company had a valuation of $3.8 billion.

With a net worth of $3.9 billion, Lawrence Stroll is taking on F1

Image: Aston Martin F1

The new Racing Point team picked up where Force India left off, and a few months later, Lance, at that time F1's second-youngest podium finisher and race starter in history, was signed to the team for 2019.

Aspiring to take control of the roads as well, Lawrence, through the Yew Tree consortium, made a roughly $240 million investment for 16.7 percent ownership of the struggling Aston Martin marque in January 2020, becoming its new executive chairman in the process. He renamed Racing Point to Aston Martin F1 for the 2021 season, marking the return of the legendary British carmaker's name to the F1 grid after a 60-year hiatus.

With a net worth of $3.9 billion, Lawrence Stroll is taking on F1

Image: Aston Martin F1

As stock prices fell during the early days of the COVID-19 pandemic, Stroll upped his stake in Aston Martin to 25 percent and toyed with increasing and decreasing his investment several times in the following months.

The rapid climb up the 10-car F1 field comes after a significant overhaul of the on-site facilities that Stroll inherited with the Racing Point buyout. A three-stage F1 factory construction — F1’s first newly built facility of such a scale since 2004 — is midway through completion. It is expected to help create cars as state-of-the-art as the facilities.

With a net worth of $3.9 billion, Lawrence Stroll is taking on F1

Image: Aston Martin F1

Furthermore, Aston Martin’s overt investment appeals to the engineering world, allowing the team to acquire key staff from elsewhere in the paddock, such as Dan Fallows from Red Bull, Luca Furbatto from Alfa Romeo, and ex-McLaren Team Principal Martin Whitmarsh.

Given Stroll's financial clout, a new engine deal with Honda for 2026, and two-time F1 champion Alonso performing at the top of his game, Aston Martin has all the ingredients to shake up the pecking order as it chases a maiden F1 title.


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