Frank Stronach net worth
Frank Stronach Net Worth: Frank Stronach is an Austrian and Canadian businessman and politician with a net worth of $1.2 billion. Frank Stronach is the founder of auto parts maker Magna International, real estate operator Granite Real Estate and gambling and horse racing company Stronach Group.
Although Magna is one of the largest auto parts suppliers in the world today, with sales approaching $30 billion, he decided to divest himself from nearly all of the company’s equity in order to turn his career into European politics . The Austrian-born Stronach revealed his plans to enter politics in 2011, the same year he founded the Stronach Institute to lead a campaign for classical liberalism and against the euro. In 2012, he founded Team Stronach for Austria, which is attractive in the country and has five seats in parliament as of November 2012. Horse racing is one of Stronach’s greatest passions; he owns several racetracks through his Stronach Group, and he is also a successful horse breeder.
