Lawrence Stroll is a businessman from Canada. He has made some incredible investments as a result of which he is one of the richest people in the world today.

Career

Source: F1

Lawrence’s first major success was introducing the Pierre Cardin brand to Canada. He then replicated his success by introducing a Ralph Lauren women’s and children’s clothing line to Canada, eventually expanding that line throughout Europe.

Lawrence and a business partner named Silas Chou founded Sportswear Holdings in 1989. One of their first investments was a controlling stake in the brand Tommy Hilfiger, which was unknown at the time. Over the next 20 years, Stroll and Chou helped Hilfiger become a global phenomenon. Stroll and Chou used their success to invest in companies such as Karl Lagerfeld, Pepe Jeans, and Michael Kors.

In 2003, they paid $100 million for the majority of Michael Kors and renamed their company Michael Kors Holdings.

In 2011, they went public with the company. They paid $1 billion for Jimmy Choo in 2017. Versace was purchased for $2.2 billion in 2018. Michael Kors Holdings was renamed Capri Holdings following the Versace acquisition.

Stroll and a group of investors purchased the Force India Formula One team in 2018. Racing Point Force India was renamed Racing Point F1 Team. Lawrence and a group of investors paid around $235 million for a 16.7 percent stake in Aston Martin in January 2020. Racing Point F1 was renamed Aston Martin in 2021.

Toto Wolff(left) and Lawrence Stroll(right). Source: Planet F1

His son Lance Stroll is a Formula One driver for Ashton Martin.

Lance Stroll(left) and Lawrence Stroll(right). Source: The Sports Rush

Earnings

Capri’s global revenue was expected to be around $5.5 billion in 2020. According to Forbes, Lawrence Stroll’s net worth is estimated to be $3.2 billlion in 2021.

Stroll collects vintage Ferraris, including one that he paid a whopping $27.5 million for in 2013.

Read more: Ron Dennis net worth: How much does the McLaren founder earn and what is he worth in 2021?

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