Aston Martin Aramco Cognizant F1 team has been the team that has caught the eyes of the fans recently. With their new and aggressive AMR23, the British Constructor seems to have made more than a marginal difference this season. With a new driver lineup after the retirement of 4X WDC champion Sebastian Vettel, Fernando Alonso came in to fill the void to give Lance Stroll company.
The Aston Martin team is owned by Canadian business tycoon, Lawrence Stroll, who is the father of driver, Lance Stroll. Even though Lance is a good driver, many fans attribute his F1 position to his father’s ownership of the team.
How did Lawrence Stroll make his money and what is his net worth
Lawrence Stroll has achieved success in both the business and racing sectors because of his tenacious work ethic, business savvy, and love of motorsports. He started his career in the fashion sector by working for Pierre Cardin, the clothing line owned by his father, and soon moved through the ranks to become the CEO of the North American operations of the business. Stroll’s success in the fashion sector enabled him to diversify into new markets, including banking and real estate.
Let’s talk about Lawrence Stroll who made a fortune in fashion by backing two iconic brands.
His race to success included finding strong partners and backing creative underdogs. His latest bet is about his other passion: luxury sports cars. pic.twitter.com/aKt9ysoR6Q
— Frederik Gieschen (@NeckarValue) February 2, 2021
He is now reportedly worth a whopping $3.6 billion. Stroll has acquired a fortune through his clever investing strategies and has made lucrative investments in an array of businesses, such as Tommy Hilfiger and Asprey & Garrard. He has also worked on several popular real estate projects, such as the establishment of Quebec’s lavish Mont-Tremblant resort.
However, Stroll has always been a participant in racing, which are his main love. He has financed multiple racing teams and accumulated several expensive automobile collections. Stroll was the leader of the partnership that bought the Force India Formula One racing team in 2018. After changing its name to Racing Point F1 Team, the team changed its name again to Aston Martin Cognizant Formula One Team.
Stroll’s assets and car collection
With a net worth of over $3 million, Lance Stroll has houses in Toronto, Geneva, Mustique, and London. The well-known Canadian businessman and racing fan Lawrence Stroll is recognized for his passion for automobiles and his outstanding collection of exotic cars. Along with his lucrative investments and successful career in the fashion sector, Stroll has made a name for himself as a devoted auto aficionado with a penchant for Ferraris.
Early in his career, Stroll became interested in automobiles after signing on as a Montreal-based Ferrari dealer and starting to market the brand. Since then, he has accumulated an incredible collection of costly and rare Ferraris, including the 275 GTB Spyder, which he bought in 2013 for £20 million, and the Ferrari 250 GTO, which he sold in 2018 for £50 million in a private sale. Among other valued automobiles, he has also owned a Ford GT40, an F50, and a 288 GTO.
Stroll has owned a 1996 McLaren F1 and a Ford GT, demonstrating that his love of automobiles goes beyond Ferraris. He also indulges in yachts, he owned a yacht called ‘Faith‘ and reportedly sold it to the ex-Williams driver, Nicholas Latifi’s father, Michael Latifi.
Aston Martin team boss Mike Krack revealed that Lawrence Stroll’s “mission statement” is to win more races and the team has to deliver more to meet his ambitions. While Stroll is happy with the team’s progress, he wants to win more races in the future.
The future looks bright for Aston Martin, they are 2nd in the constructor standings. Their surprise wildcard signing, 2X world champion Fernando Alonso was a seemingly good move. The Spaniard has been on the podium in the first 3 races of the season and is 3rd in the WDC standings behind the Red Bull boys.