A Rags-to-riches story
After 40 years at the helm of Magna International, Frank Stronach is retiring from his position as Chairman but will remain on as honorary chairman and director. He joins the list of one of Canada's most well-known and wealthiest entrepreneurs. Magna currently employs about 96,000 employees in 26 countries, this includes 16,275 in Canada , and is valued at between $585 million (US) and $730 million. It is the fifth largest auto parts company in the world. Not bad for someone who came to Canada at age 22 with $40 in his pocket! To read more about Mr. Stronach , check out Wayne Lilley's biography.
Frank Stronach follows in the footsteps of many other successful Canadian entrepreneurs. I searched the internet to find information about these individuals and found a list that contained the names of some entrepreneurs that I had no idea were Canadian! If you are curious about other Canadian entrepreneurs that have left their mark both here in Canada and abroad, check out these titles:
One thought on “A Rags-to-riches story”
It’s very inspiring to know stories about people who had nothing before in life and now one of the riches people on Earth. It’s good to learn from their experience and how they manage to combine budget management, their skills, and knowledge to be where they are right now.