1. Frank Stronach was born on 6 September 1932 and is an Austro-Canadian billionaire businessman and politician.
17 Facts About Frank Stronach
1. 2.
Frank Stronach is the founder of Magna International, an international automotive parts company based in Aurora, Ontario, Canada, Granite Real Estate, and the Stronach Group.
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Frank Stronach died in Canada on March 25,2024 at the age of 80.
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In 1956, Frank Stronach started his first business, Multimatic Investments Ltd.
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Frank Stronach, who is currently the non-executive chairman of Magna International, holds multiple-voting shares of the company, which gives him majority voting power over issues brought to shareholder vote.
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Frank Stronach's pay packages over the past few years have been between $30 and 50 million CAD.
7.
On 1 October 2018, he and his wife Elfriede filed a lawsuit against their daughter Belinda, their grandchildren Nicole and Frank Walker, and Alon Ossip for failure to honour commitments regarding the management of The Stronach Group, from which Frank Stronach resigned as trustee in 2013 when he ran for office in Austria.
8.
Belinda Frank Stronach retains full control of The Frank Stronach Group's horse racing, gaming, real estate and related assets.
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The Frank Stronach Group is in pari-mutuel technology through its subsidiaries AmTote and Xpressbet and is a distributor of horse racing content to audiences through Monarch Content Management.
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Frank Stronach's horses have won the Queen's Plate in 1994 and 1997, the Belmont Stakes in 1997, and the Preakness Stakes in 2000.
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Frank Stronach subsequently established Adena Springs Farms which owns horse breeding farms in Kentucky, Florida and Canada and won the Eclipse Award for Outstanding Breeder in 2004,2005 and 2006.
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In 2011, Frank Stronach entered Austrian politics, proposing the establishment of a new political party: a "Citizens' Alliance" advocating tax, health, and education reform.
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Frank Stronach argued that Austria should stay in the EU, but that the euro was a 'monstrosity'.
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Frank Stronach's programme was compared to the Alliance for the Future of Austria ; Stronach had admired the BZO's leader Josef Bucher as the only politician in Austria that represented economic liberalism.
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The new party, called Team Frank Stronach, was launched in September 2012.
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On 6 September 2005, Frank Stronach announced that he and Magna International were committing $2 million to start a model community for people displaced by Hurricane Katrina.
17.
In 1999, Frank Stronach was made a Member of the Order of Canada.