The Stroll family, particularly Lance Stroll, is often considered one of the wealthiest in Formula 1 (Image: Getty)
The multi-billionaire family leading the Aston Martin F1 team is the richest family in the industry, worth an impressive £3 billion. Lawrence Stroll, a Canadian businessman, has seen his wealth skyrocket in recent years. The 65-year-old mogul has been ranked as the 812th richest person in the world.
According to Forbes, Stroll’s net worth as of April 2024 is £3 billion ($3.9 billion), up from £1.85 billion ($2.4 billion) back in 2016. Lawrence Stroll has been instrumental in shaping the family’s F1 legacy. His significant investments, including his role as a part-owner and executive chairman of the Aston Martin F1 team, have propelled his son, , into the spotlight on the racing circuit. This financial backing and influence firmly position the Stroll family at the top of the F1 wealth hierarchy.
Lance Stroll competes in Formula One for Aston Martin (Image: Getty)
Lawrence is also known for his investments in luxury brands like Tommy Hilfiger and Michael Kors, in addition to his ownership of the Aston Martin F1 team, where Lance races. His fortune has stemmed from the family-run business.
Born in Montreal, Canada, in 1959, he built his fortune through strategic investments in luxury fashion brands, including Tommy Hilfiger, Michael Kors, and Ralph Lauren. His business acumen led him to sell his stake in Michael Kors in 2014, earning approximately £1.78 billion ($2.3 billion).
In 2018, Stroll expanded into motorsports by leading a consortium to acquire the struggling Force India Formula One team for £90 million ($117 million), later rebranding it as Racing Point.
In 2021, he took control of Aston Martin, investing $240 million to acquire a 16.7 percent stake in the company and reintroducing it to Formula One as the Aston Martin F1 Team.
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Lawrence Stroll is a Canadian businessman with a net worth of approximately £2.24 billion (Image: Getty)
As the executive chairman of Aston Martin, Stroll has played a crucial role in revitalizing the brand, overseeing the construction of a new factory, and positioning the F1 team for success.
The Stroll family’s worth is more than the combined value of the very popular Michael Schumacher and .
Schumacher’s net worth in 2024 is estimated to be between £468 million ($600 million) and £478 million ($620 million). At the peak of his career, Schumacher earned £38 million annually while racing for , which later increased to £57 million when he joined -Benz
His wealth has been bolstered by major sponsorships with brands like , Shell, Marlboro, and Deutsche Vermögensberatung. Since his tragic skiing accident in 2013, Schumacher has been under medical care, with limited public information about his health. His family continues to manage his legacy, including his son Mick Schumacher’s racing career.
On the other hand, has an estimated net worth of around £154 million ($200 million).
In addition to his F1 earnings, Verstappen makes millions from endorsements with brands like Tag Heuer, Heineken 0.0, G-Star Raw, , and CarNext.com. He also owns a GT racing team and has invested in various business ventures