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Lance Stroll’s Billionaire Father Lawrence Stroll: What Does He Do?

Prithviraj Das by Prithviraj Das
January 28, 2023
in Formula 1
Reading Time: 3 mins read
0
Lance Stroll (left) , Lawrence Stroll (right) (Credit- The Independent, PlanetF1)

Lance Stroll (left) , Lawrence Stroll (right) (Credit: The Independent, PlanetF1)

Lance Strulovich, better known as Lance Stroll, is a driver for Aston Martin Aramco Cognizant F1 Racing Team. At 24 years of age, he has quite an experience with top-tier motorsports. He won the F4 Italian Championship which helped him gain traction among the bigger leagues of Formula Racing. He has started 122 races and achieved 3 podium spots and one pole spot since his debut in the 2017 Australian GP with Williams Racing.

Stroll’s position is mainly accredited to his father, Lawrence Stroll, who owns Aston Martin Aramco Cognizant F1 Racing Team. Lance is seen by many as a baby who was born with a silver spoon and that his father was the only reason behind his position in F1.

The Canadian driver is a talented Formula 1 driver who has demonstrated his abilities on the track. He began his F1 career with Williams Racing in 2017, where he showed promise and potential as a rookie driver.

Lance Stroll's maiden F1 podium (left) , Lance Stroll's first pole (right) (Credit- F1, The Guardian)
Lance Stroll’s maiden F1 podium (left), Lance Stroll’s first pole (right) (Credit: F1, The Guardian)

In 2020, Stroll moved to Racing Point, where he had a strong season, consistently scoring points and finishing on the podium multiple times. He also demonstrated his ability to manage his tires effectively, which is a key skill in F1. In 2021, he continues to grow as a driver, and he has made a strong start in the new season.

His performances have been consistent, and he’s showing a strong pace. He is considered a promising talent in the sport and is expected to continue to improve and achieve success in the future.

How did Lawrence Stroll become a billionaire?

Lawrence Stroll is a Canadian businessman and billionaire who made his fortune through investments in the fashion and luxury goods industries. He began his career in the 1980s by investing in the clothing brand Pierre Cardin, eventually becoming the company’s largest shareholder.

Lance Stroll and Lawrence Stroll (left) , young Lance Stroll (right) (Credit- The SportsRush, The Toronto Star)
Lance Stroll and Lawrence Stroll (left), young Lance Stroll (right) (Credit: The SportsRush, The Toronto Star)

He later went on to invest in other fashion brands such as Tommy Hilfiger and Michael Kors. In addition to these investments, Stroll also made significant profits through the sale of his company, Sportswear Holdings, which owned the rights to brands such as Pepe Jeans and Ralph Lauren. More recently, he has invested in the Formula One Racing Team Racing Point, which he rebranded as Aston Martin Racing in 2021.

Lance Stroll net worth

The Canadian racing driver and the son of billionaire businessman Lawrence Stroll. His salary as a professional racing driver is not publicly disclosed. However, it is known that he is one of the highest-paid drivers in the sport, with some estimates placing his annual earnings in the millions of dollars. Although Lance’s net worth isn’t known, his father, Lawrence, is estimated to be worth around $2.9 billion.

As for his net worth, it is not publicly disclosed and also his net worth is not known as it is difficult to estimate how much he is worth as a private individual. It can be assumed that his net worth is significant, given his successful career as a racing driver and his father’s wealth. However, without concrete financial information, it is impossible to determine an accurate estimate of his net worth.

Lance Stroll and Philipe Massa (left) , Lance Stroll and Sebastian Vettel (right) (Credit- PlanetF1 , F1)
Lance Stroll and Philipe Massa (left), Lance Stroll and Sebastian Vettel (right) (Credit- PlanetF1, F1)

Lance Stroll has also had teammates like Felipe Massa and Sebastian Vettel who passively mentored him as his teammates. He is going to be teaming up with 2X WDC winner Fernando Alonso. He looks optimistically towards the 2023 season with Alonso and also referred to the Spaniard as “a hell of a driver”.

Stroll finished 15th in the standings, and it helped him finish in the top 10 eight times surmounting him to a total of 18 points in total In the 2022 season.

Tags: Lance StrollLawrence Stroll
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Prithviraj Das

Prithviraj Das

Content writer at Sportsmanor. Student at Christ (Deemed-to-be-university), BGR campus, Bangalore.

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