Frank Stronach Net Worth

Frank Stronach Net Worth is
$1.2 Billion

Frank Stronach Bio/Wiki, Net Worth, Married 2018

Frank Stronach, CM (produced Franz Strohsack; 6 September 1932) is an Austrian and Canadian businessman and politician. He could be the creator of Magna International, an international automotive parts company located in Aurora, Ontario, Canada, Granite Real Estate, and Stronach Group, which focuses on horse racing. In 2011, he entered Austrian politics: founding the Stronach Institute to effort for classical liberalism and from the Euro.

In 1956, Stronach began his first company, Multimatic Investments Ltd., in the old producing district of Toronto. In 1969, his company got its first automotive components contract and united with Magna Electronics. Within the next decades, after several mergers and acquisitions, his company slowly became the leading power it’s now. Stronach, who’s now the non-executive chairman of Magna International, holds multiple voting shares of the business, which gives him majority voting power over issues brought to stockholder vote. Although he commands the voting power among Magna’s stockholders, Stronach possesses just 4% of Magna’s equity. His pay packages within recent years have been between $30 and 50 million CAD. He began to be a prominent figure also in the Austrian people in the late 1990s. In 1997, he declared the endeavor to create an amusement park in Ebreichsdorf, which may have contained a giant world representing the world that could have been 110 m high and visible out of every point in the Viennese Basin. The job failed due to intense public resistance. In the recently combined firm Magna Steyr, he successfully prevented the establishment of works councils, in breach of Austrian labour law by reprimanding workers who have been working with unions. In 2003, Stronach also intended to take over VOEST, yet this job failed. In 2004, a leisure center as well as the show jumping website Magna Racino were inaugurated at Ebreichsdorf.

Frank Stronach Net Worth $1.2 Billion Dollars

Full NameFrank Stronach
Net Worth$1.2 Billion
Date Of BirthSeptember 6, 1932
Place Of BirthKleinsemmering, Styria, Austria
ProfessionEntrepreneur, Businessperson
SpouseElfriede Sallmutter
ChildrenBelinda, Andrew
SiblingsHans Adelmann
AwardsSovereign Award for Outstanding Owner, Eclipse Award for Outstanding Owner, Eclipse Award for Outstanding Breeder
Star SignVirgo
1The difference between a businessman and a politician is that when a businessman sees a giant hole he doesn't throw in more money. But politicians keep doing that because if they don't admit they've made a mistake they won't get re-elected.
2You know that when you enter the political arena there'll be a lot of poisoned arrows flying toward you.
1(Ottawa, Sept. 23, 1999) Awarded the Order of Canada by Governor-General Roméo Leblanc.


60 Minutes Sports2014TV Series documentaryHimself - Horse Track Owner (segment "Down to the Wire")
The Agenda with Steve Paikin2012TV SeriesHimself
The Hour2010TV SeriesHimself
Life and Times2000TV Series documentaryHimself
Canada for Canadians1988Video short documentaryHimself (Chairman, Magna International)

Archive Footage

Dorfers Donnerstalk2005TV SeriesHimself - Spender 'licht Ins Dunkel'
Sendung ohne Namen2004TV Series documentaryHimself

Known for movies

IMDB Wikipedia

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