Frank Stronach
Frank Stronach | |
|---|---|
| Leader of Team Stronach | |
| In office 25 September 2012 – 31 December 2017 | |
| Preceded by | Party established |
| Succeeded by | Party dissolved |
| Personal details | |
| Born | Franz Strohsack 6 September 1932 Kleinsemmering, Styria, Austria |
| Nationality | Austrian and Canadian |
| Spouse |
Elfriede Sallmutter
(m. 1964; died 2024) |
| Children | Belinda, Andrew |
| Occupation | Businessman Racehorse owner/breeder |
| Awards | Order of Canada (1999) Thoroughbred horse racing awards:
|
Frank Stronach CM (born 6 September 1932) is an Austro-Canadian billionaire businessman and politician.
He is the founder of Magna International, an international automotive parts company based in Aurora, Ontario, Canada, Granite Real Estate, and the Stronach Group. With an estimated net worth of $C3.06 billion (as of December 2017), Stronach was ranked by Canadian Business as the 31st richest Canadian.
In 2011, he entered Austrian politics, founding the Stronach Institute to campaign for a flat tax and lowering national debt. In 2012, he founded the political party Team Stronach for Austria.
In 2024 he was arrested by Peel Regional Police and charged with 13 offenses, including rape, indecent assault on a female, eight counts of sexual assault and one of forcible confinement, involving 10 alleged victims. Police allege that the sexual assaults spanned from the 1980s to 2023. In October 2024, Magna International conducted its own records review responding to Peel Regional Police. His counsel, Brian Greenspan, however, stated that Stronach denied all the accusations in at least 18 pending sexual assault complaints.