Lance Stroll Net Worth 2024: How Much Is He Worth?

Lance Stroll, born ‘Lance Jacob Strulovitch’, is a racing driver currently competing in Formula 1, with Aston Martin. He was born on October 29, 1998, in Montreal, Quebec, Canada. He holds dual Belgian-Canadian citizenship, but races with a Canadian flag. His mother, Claire-Anne Callens is a Belgian fashion designer, while his father, Lawrence Stroll, is a Canadian billionaire. The latter is part-owner and executive chairman of Aston Martin, and the complete owner of Aston Martin’s F1 team.

In August 2018, Lawrence, among other investors, bought the Sahara Force India F1 team, which was then in ‘administration’ as the previous owner, Vijay Mallya, accused of fraud, could not afford to run it anymore. They renamed it ‘Racing Point Force India’, and in 2019, it became solely ‘Racing Point’. His son, Lance, was brought in as one of the drivers, partnering with Sergio Perez. Now, of course, the team is known as ‘Aston Martin’.

As for the beginnings of Lance’s career, in 2016, he won Formula 3 Championship, and was then given a seat at Williams for 2017. Though he could not outscore Felipe Massa, his older and much more experienced teammate, Stroll only finished 3 points behind. The highlight of his season clearly came at the Azerbaijan Grand Prix, when he finished P3. After another year at Williams, he moved to Racing Point in 2019 (when his father took over), and it is the team he has remained at ever since. In 2020, he finished on the podium twice and also took pole position at the Turkish Grand Prix. Though this has somewhat helped his reputation, the Canadian remains a controversial figure. This is mostly because of a few on-track incidents, but also because he is seen as a ‘pay driver’.

Now in his seventh season in Formula 1, Stroll is proving all his critics wrong time and again. Considering he is the son of a billionaire, and a good F1 driver in his own right, you may want to know about his personal life as well as his fortune. If you want to know Lance Stroll’s net worth, endorsements, and other details, read on!

Lance Stroll Net Worth

While discussing the net wealth that Lance Stroll has amassed for himself, it must be mentioned once again that he is the only son of the Canadian billionaire businessman Lawrence Stroll. Hence, it is quite difficult to calculate his actual net worth since his inheritance involves a truly hefty sum. Besides Lance, Lawrence Stroll’s fortune would also go to his daughter Chloe Stroll, who is the elder sister of Lance’s.

To look over the finances of Lance Stroll, his father Lawrence Stroll’s net worth of $3.6 billion must be considered. So not only will Lance inherit some part of his father’s fortune, he obviously has Lawrence’s backing as well. His ‘actual’ net worth, taking into account his father’s fortune, is hard to estimate. But many sources put Lance Stroll’s net worth at $50 million.

Lance Stroll F1 Contract & Salary

Lance Stroll is said to have an ‘open’ contract with Aston Martin. That likely has something to do with the fact that his dad is the team’s owner. But in any case, at this point, the Canadian driver has proved that he, at the least, deserves a seat in F1. His salary, though, is not very high compared to some of the other drivers, and behemoths like Max Verstappen. According to RacingNews365.com, his salary for 2024 is $2 million per annum apart from bonuses.

Though, in all fairness, he likely does not need that money, and because it is his father who pays (at least part of) the salaries in the team. As opposed to Lance’s $2 Million paycheck, his much more experienced and successful teammate Fernando Alonso is reported to have a salary of around $5 million per annum.

Lance Stroll Endorsements

Being a Formula 1 driver, Lance Stroll is a very lucrative sponsorship opportunity, especially for Canadian companies. Of course, he’s also the son of a billionaire. And so, he has a variety of endorsements/sponsorships for himself. Back in 2017, before his F1 debut, a Canadian aircraft company based in Montreal, Bombardier, had announced that they’d sponsor Stroll, at least for that season. Currently, Aston Martin have Bombardier as one of their partners, so this association has continued.

In fact, according to SuperYachtFan, Stroll also owns a private jet, the ‘Bombardier Challenger 604’, worth around $8 million. For a long time, the Canadian driver has been sponsored by Stilo Helmets, who are also an ‘official supplier’ for Aston Martin. Socios.com is another name that Stroll is associated with. Others include JCB (another AM sponsor), whose ‘innovative school’ called JCB Academy Stroll visited back in 2017. The same year, he (and Williams) was also sponsored by ‘Canada Life’, a Canadian life insurance company.

Lance Stroll Investments in Business

While Lance Stroll’s father Lawrence has made billions from his investments in several ventures, the Canadian youngster has not made any public investments into any of the businesses as far as the knowledge in 2024 goes.

Lance Stroll Charity Work

Lance Stroll has a history of being involved in charitable endeavors. In 2019, before the British Grand Prix, Racing Point’s sponsor, SportPesa announced that they will donate £1000 to Breast Cancer Care for every place Stroll, and his teammate, Sergio Perez, gain from their qualifying positions for the rest of the season. In 2020, the Canadian driver announced that he will donate $1800 for every point he scores at the Belgian Grand Prix – he scored 2 points there.

In 2021, he and his teammate, Sebastian Vettel, won the ‘F1 Free Throw Challenge’ ahead of the United States Grand Prix. They scored 9 out of 20 free throws. The reward? $20,000, to go towards their chosen charity. They chose to donate it to the Ann Richards School for Young Women Leaders in Austin, Texas. According to Aston Martin’s press release, “the school encourages young women to consider careers in motorsport, technology, STEM, and engineering.”

Lance Stroll Investments in House/ Real Estate

Lawrence Stroll, and by extension, Lance, is reported to own homes in places like Montreal, Mont-Tremblant (both in Quebec, Canada), and Geneva, Switzerland. Though there is no confirmed information on where the Canadian driver resides, he can call all of these places home. Lawrence’s main residence, according to Forbes, is in Geneva, and considering a large leg of F1 takes place in Europe, Lance must spend some time there as well. Esteban Ocon also lives in Geneva.

Lawrence is also said to have a home in London, which is some ~130 kilometers from Silverstone, where his (and his son’s) team, Aston Martin, is headquartered. So, the London home might just be Lance’s ‘primary’ home, during the season.

Lance Stroll Car Collection

While his car collection may not match that of his father, nevertheless, Lance Stroll has a pretty good collection himself. His father is reported to own multiple vintage Ferraris, including a Ferrari 250 GTO, one of which sold for $70 million in a 2018 auction. Aside from the Ferraris, he also owns cars from brands like McLaren, as well as a Ford GT40.

Lance’s collection isn’t that swanky but still has some beauties. According to 21Motoring, the Canadian driver owns the following vehicles:

Lance Stroll Watches

Lance Stroll boasts an impressive watch collection thanks to his lavish lifestyle as the race car driver son of a billionaire businessman. The numerous timepieces he has sported over the years include the Girard-Perregaux Laureato Absolute Chronograph Aston Martin among others.

Lance Stroll Girlfriend Marilou Bélanger Net Worth

Lance Stroll is currently dating 24-year-old Marilou Bélanger. She is a Canadian model who ,according to her Instagram handle, has worked with a variety of famous agencies MGM Models, Wilhemina London, Select Model Los Angeles, and Select Model Miami.

It’s unknown how the pair met, or how long they’ve dated. However, Marilou made their relationship public by posting a picture of the two of them kissing on her Instagram. Since then, Marilou was seen out and about the paddock cheering on her boyfriend, as confirmed by The Sun.

Frequently Asked Questions

What is Lance Stroll’s Net Worth?

The Canadian driver’s net worth reportedly stands at $50 million as of 2024.

What is Lance Stroll’s F1 salary for 2023?

Lance Stroll’s salary cap as of 2024 stands at $2 million per season.

Which team does Lance Stroll drive for?

As of 2024, Lance drives for the British-based racing team Aston Martin.

Who is Lance Stroll’s Teammate?

For 2024, his teammate is Fernando Alonso, a two-time F1 world champion, who moved from Alpine to Aston Martin on a ‘multi-year’ contract.

Is Lance Stroll a ‘pay driver’?

His father’s fortune has undoubtedly opened some opportunities for the Canadian driver. It depends on your perception; though at this point, Stroll has mostly convinced and solidified his place on the F1 grid.

Who is Lance Stroll’s father?

His father is Lawrence Stroll, a Canadian billionaire with a reported net worth of $3.6 billion, who is also part-owner of Aston Martin. He is also chairman of the Aston Martin F1 team, who Lance currently drives for.

When was Lance Stroll born?

He was born on October 29, 1998, in Montreal, Quebec, Canada.

How tall is Lance Stroll?

He is 182 cm (~6 feet) tall.

When did Lance Stroll make his F1 debut?

He made his Formula 1 debut at the 2017 Australian Grand Prix, driving for Williams.

In case you missed it:

• Fernando Alonso Net Worth, Formula 1 Salary, Endorsements, Girlfriend, House and Car Collection
• Lawrence Stroll Net Worth, F1 Investments, Wife and more

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