Frank Stronach | |
|---|---|
_(cropped).jpg) | |
| 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.[2]
In 2011, he entered Austrian politics: founding the Stronach Institute to campaign for a flat tax[3] and lowering national debt.[3] 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.[4][5][6][7] Police allege that the sexual assaults spanned from the 1980s to 2023.[8][9] 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.[10]
- ^ "Elfriede Stronach, wife of Frank Stronach, dies at 80". Daily Racing Form. 31 March 2024. Retrieved 31 October 2024.
- ^ "Canada's Richest People: Frank Stronach". Canadian Business. Retrieved 18 February 2021.
- ^ a b "Dafür stehen wir | Frank Stronach Institut". 15 August 2012. Archived from the original on 15 August 2012. Retrieved 6 July 2024.
- ^ Gillis, Wendy (28 June 2024). "Frank Stronach charged in sex assaults involving seven new victims, court documents indicate". Toronto Star. Retrieved 28 June 2024.
- ^ "Canadian businessman Frank Stronach charged in sex assault probe". CBC News. 7 June 2024. Retrieved 8 June 2024.
- ^ "Arrest made in Sexual Assault Investigation". Peel Regional Police. Retrieved 8 June 2024.
- ^ "Billionaire Frank Stronach charged with 8 more criminal counts including sexual assault, police say". CBC News. 26 June 2024. Retrieved 27 June 2024.
- ^ "Canadian billionaire Frank Stronach charged with for sexual assault". AP News. 7 June 2024. Retrieved 8 June 2024.
- ^ "Everybody's afraid of Frank'". CBC News.
- ^ "Magna International conducting 'targeted review' of records as more charges laid against founder Frank Stronach". CTV News. 30 October 2024. Retrieved 31 October 2024.