Frank Stronach

Politician

Male

Born Sep 6, 1932

Age 80

Hometown Gutenberg an der ...

Frank Stronach, CM is an Austrian-Canadian businessman. He is the founder of Magna International, an international automotive parts company based in Aurora, Ontario, Canada, and Magna Entertainment Corp. , which specializes in horse-racing entertainment.… Read More

Family

Discover the family history of Frank Stronach.

Frank Stronach

Age 80

children

Belinda Stronach
Daughter, Age 47

News + Updates

Browse recent news and stories about Frank Stronach.

Austria's Stronach Reaches Deal To Run In Tyrol Election Apa
Reuters.com - Apr 11, 2013

VIENNA, April 11 (Reuters) - Frank Stronach, the leader of a new political force in Austria, has struck a deal with a rival that will allow his party to run for election in the state of Tyrol, the Austria Press Agency said.
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Magna Profit Surges 12.5% As U.S Auto Recovery Boosts Sales
Financial Post - Mar 01, 2013

Shares of Magna International Inc. rallied after the auto parts maker reported a 12.5% rise in profit on strong performance in its North American business, and raised its full-year sales forecast. The fortunes of auto parts makers are tightly tied to the Detroit Three and the health of the U.S. vehicle market. The steady recovery by Ford Motor Co., General Motors Co. and Fiat SpA’s Chrysler from their recession-induced slump bode well for Canadian auto parts makers. “We achieved this sa...
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Telus Win Scores For shareholders
Financial Post - Oct 18, 2012

Merging its two classes of shares on a one-for-one basis is fair The tale at Telus is well known by now: Telus has proposed to collapse its dual-class share structure whereby Telus non-voting shares would be exchanged for common (voting) shares on a one-for-one basis. An institutional shareholder, Mason Capital, opposed the arrangement transaction under which this would occur. Mason holds 18.7% of the common shares and 0.4% of the non-voting shares. Its net investment in Telus represents o...
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Billionaire Turns Austria Elections Into Euro Poll
Yahoo News - Aug 22, 2012

VIENNA (Reuters) - Billionaire auto parts magnate Frank Stronach has burst into Austrian politics with a call to abandon the euro, probably turning parliamentary elections due next year into a de facto referendum on the country's role in Europe. The man who emigrated to Canada as a 22-year-old pauper and made a fortune by building the Magna automotive supply empire has come home with a bang, insisting it is time to restore the schilling national currency as...
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Timeline

Learn about the memorable moments in the evolution of Frank Stronach.

CHILDHOOD

1932 Birth Born on September 6, 1932.

TWENTIES

1954 21 Years Old In 1954, he arrived in Montreal, Quebec, Canada, and later moved to the province of Ontario. … Read More

1956 23 Years Old In 1956, Stronach started his first business, Multimatic Investments Ltd., in the old manufacturing district of Toronto.

THIRTIES

1969 36 Years Old In 1969, his firm acquired its first automotive parts contract and merged with Magna Electronics. … Read More

FORTIES

1980 47 Years Old Stronach is the owner of Magna Entertainment Corp. which specializes in horse-racing entertainment and owns and operates some of the most prominent racetracks in the United States. Among his early successes was his partnership with Nelson Bunker Hunt in the filly Glorious Song who was voted the 1980 Sovereign Award for Canadian Horse of the Year.

LATE ADULTHOOD

1994 61 Years Old Stronach's horses have won the Queen's Plate in 1994 and 1997, the Belmont Stakes in 1997, and the Preakness Stakes in 2000. … Read More

1998 65 Years Old In Canada, Stronach and/or his Stronach Stables has won the Sovereign Award for Outstanding Owner nine times. In the United States, he earned the Eclipse Award for Outstanding Owner in 1998, 1999, and 2000.

2000 67 Years Old In 2000, Stronach won the Eclipse Award for Outstanding Breeder.

2004 71 Years Old He 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. … Read More

2005 72 Years Old 2 More Events

… Andreas Rudas, a former leading member of the Social Democratic Party of Austria, was employed by Stronach until 2005. … Read More

2011 78 Years Old 1 More Event

In 2011, he entered Austrian politics: founding the Stronach Institute to campaign for classical liberalism and against the Euro.

2012 79 Years Old 1 More Event

In 2012, he founded the political party Team Stronach for Austria. … Read More

Original Authors of this text are noted on http://en.wikipedia.org/wiki/Frank_Stronach.
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