Lance Stroll’s Salary and Net Worth April 2024

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First published:

Lance Stroll has been a Formula One driver since 2017. He is the son of billionaire businessman Larence Stroll and fashion designer Claire Anne Stroll.

Lance Stroll net worth 2024

$50.000.000

Lance Stroll is a young, Canadian Formula One driver who is known for his controversies as well as his ability to make the most out of the opportunities that he is presented with. He started Formula One racing in 2017 and has been able to secure a net worth of $50.000.000. 

 

Lance Stroll’s financials

Net Worth$50.000.000
Salary$2.000.000

Lance Stroll's salary 2024

$2.000.000

Lance Stroll has been around in Formula One since 2017, which isn’t quite a long time considering the skills that he has and the salary that he is earning. It is reported that he gets $2.000.000 per year from Aston Martin, his current team. There were also rumors of him earning  $2.000.000 per year from Williams, his former team.

Table of Contents

Watch this video to understand Lance Stroll’s net worth, salary and lifestyle.

Lance Stroll's Endorsements

Lance Stroll is among the very famous Formula One drivers who have a huge fandom. This means that through the course of his career he has attracted many brands and endorsements toward himself. During the Canadian Grand Prix, he was declared as an endorsement for the Canadian insurance company, Canadian Life. He is also endorsed by the construction company, JCB, whose logo he wears on his Aston Martin helmet.

Lance Stroll is also supported and endorsed by Bombardier which is his father’s company. To add on, Stilo, a helmet manufacturing company, has also backed Lance Stroll since the start of his career.

Key takeaways

  • Lance Stroll is among the top ten richest Formula One drivers.
  • He is a Canadian national Formula One driver who has secured 3 podium positions and one pole position in his short racing career.
  • Lance made his debut in Formula One driving during the Canadian Grand Prix in 2017 held in his hometown, Montreal.
  • He is the youngest rookie to secure a podium position and the second youngest to have a podium position.
  • He has a total net worth of $50.000.000. Much of his wealth is earned through Formula One racing and its endorsements along with the funding received by his rich father.
  • Lance Stroll owns four cars in his possession and reportedly has no houses, boats, or stocks of his own. Although he uses many of those extravagant things that are owned by his father.
lance stroll net worth

Learn more about Lance Stroll

Full NameLance Strulovitch Stroll
NationalityCanadian-Belgian
Date of Birth29th October, 1998
Height182 cm
Weight70 kg
Salary$2.000.000

Lance Stroll has an avid fan following in Formula One racing and is considered to be one of the most popular race drivers in current times. Many people have an interest in knowing more about this driver, his life, career, net worth, and more. Hence, let’s dig into that.

Early life

Lance Stroll was born on 29th October 1998 in Quebec, Canada. He also has a twin sister, Chloe Stroll. Both the children were born to Claire Anne Stroll and billionaire businessman, Lawrence Stroll.

His dad, who is the owner of Racing Point and a collector of Ferraris, instilled the passion for race driving in Lance Stroll. He started karting at the age of five and participated in many karting championships till 2010, after which his family had to move to Switzerland.

For his early education, Lance attended one of the best schools in Montreal. Alongside his education, he also took part in karting championships against older kids in North America and Europe. This usually meant that he was not able to give enough time to his former school. However, he was very skilled in the English Language and had a command over words, grammar, and pronunciation. This got him to attend the Ferrari Driving Academy at the age of 11.

At the academy, Lance Stroll was trained on how to converse with engineers, develop race strategies, assess the performance of a vehicle, and more. It was from here that his career in Formula One started to emerge and he became one of the youngest drivers to join a Formula One team.

Career

Lance Stroll made his debut in Formula Four championships in 2014 during the Florida Winter Series in which he was able to secure two podium positions and a pole position. In the same year, during the Italian Formula Four Championship, he became the series champion.

Participating in many F4, F3, and F2 championships, Lance finally made his debut in the Formula One championship in 2017 from team Williams. He was the first Canadian driver to drive in a Formula One championship since 1997. Lance scored his very first point in the Canadian Grand Prix held in Montreal at which he secured the ninth position.

During the Azerbaijan Grand Prix, he became the youngest rookie to have a podium position in Formula One and the second youngest driver to have a position on the podium. In 2019, when Lance’s father Lawrence Stroll became one of the investors for the team Racing Pint, he switched from Williams to the team invested by his father.

Highlights

Lance Stroll made his debut in Formula One racing in 2017 and became the youngest rookie to ever have a podium position. 

In the Italian Grand Prix in 2020, he scored the second podium position of his career with third place on the grid.

During the Turkish Grand Prix of 2020, Lance Stroll secured his first ever pole position, and that too in wet conditions. This position was considered to be a major shut-up call to his critics. He also secured the third podium position of his career at the Sakhir Grand Prix in 2020.

To date, Lance Stroll has secured 3 podium positions, one pole position, 181 points, and has led 32 laps as the lead car.

For his early education, Lance attended one of the best schools in Montreal. Alongside his education, he also took part in karting championships against older kids in North America and Europe.

Favorite Quotes from Lance Stroll

Here are some of the best quotes from Lance Stroll:

“I’m showing people what I’m made of, and if people don’t want to accept that and face the facts, I can’t help that.”

F1 is a team sport, not an individual sport.”

“At the end of the day, you drive your car, and that is what you focus on with yourself and your side of the garage, but of course, it is always good to have a good relationship. You never want to have a negative battle or the team splitting up in any way.”

“Everyone has a job to do; that’s how I see it.”

“I have a small entourage of people who I trust. I value their opinion on my career. And I stick to those voices. The rest is just background noise.”

“I’ll work on my weaknesses and build on my strengths.”

“When opportunities arise, you have to seize them.”

“I stay in my little bubble – that is what I try to do. There is always noise out there and distractions, but you just have to block all that noise out.”

“I come from a background that, when I win, people try to put me down, and when I lose, people try to put me down. I accept that, and I actually find it kind of funny.”

What else does he own?

At such a young age of twenty-three, Lance Stroll has been able to make himself a millionaire through Formula One driving and the inheritance from his rich father. With such money comes many great investments in cars, houses, stocks, boats, and more. Let’s find out how many investments Lance Made in the following categories.

Lance Stroll cars

Lance Stroll has a handsome collection of cars. Even though his cars aren’t great like his father’s, he has an iconic taste of his own. Lance has four cars in his garage, namely:

  1. Ferrari California
  2. Lamborghini Huracan
  3. Mercedes Benz AMG GT-R
  4. Aston Martin Vantage

Lance Stroll house

Lance Stroll doesn’t own houses or properties of his own. Albeit, his father owns many in Canada as well as in other parts of the world which he actively uses.

Lance Stroll boat/yacht

Lance Stroll doesn’t own a boat/yacht of his own. However, his father owns a $282 million superyacht which has been used by Lance on many occasions.

Lance Stroll stocks

No reports have been found of Lance Stroll owning stocks or shares of some company or brand.

Frequently asked questions

Lance Stroll's salary and net worth compared to other Formula 1 drivers

How much does Lance Stroll earn in a year?

Lance Stroll is reported to earn $2 million per year.

How rich is Lance Stroll?

Lance Stroll has a net worth of $50.000.000 as of 2022.

How is Lance Stroll so rich?

Lance Stroll is rich because of the money he makes through Formula One racing and from what he gets from his rich, businessman father.

Is Lance Stroll a billionaire?

No he is not, but his father on the other hand has a net worth of $2.8 billions.

What is the age of Lance Stroll?

Lance Stroll is twenty-three years old as of 2022.

Lance Stroll has made his fortune through Formula One driving and the heavy salaries and endorsements that come with it. However, this sudden escalation in his wealth is due to his rich father who funds most of his racing series.

When compared with other drivers, if Lance didn’t have his rich father funding him from behind, he may not have been on the list of the top ten richest drivers of Formula one.

You can read much more about the comparison between the salaries of Lance Stroll and other drivers on:

#Read more about the drivers salary and net worthTeamSalary (USD $)Salary (EUR €)
1Max VerstappenRed Bull$55m€51.67m
2Lewis HamiltonMercedes$35m€32.88m
3Charles LeclercFerrari$24m€22.5m
4Lando NorrisMcLaren$20m€19m
5Carlos SainzFerrari$12m€11.27m
6Sergio PerezRed Bull$10m€9.39m
-Valtteri BottasAlfa Romeo$10m€9.39m
8George RussellMercedes$8m€7.5m
9Esteban OconAlpine$6m€5.63m
10Fernando AlonsoAston Martin$5m€4.69m
-Pierre GaslyAlpine$5m€4.69m
-Kevin MagnussenHaas$5m€4.69m
13Alex AlbonWilliams$3m€2.8m
14Lance StrollAston Martin$2m€1.9m
-Nico HulkenbergHaas$2m€1.9m
-Oscar PiastriMcLaren$2m€1.9m
-Nyck De VriesAlphaTauri$2m€1.9m
-Zhou GuanyuAlfa Romeo$2m€1.9m
19Logan SargeantWilliams$1m€950,00
-Yuki TsunodaAlphaTauri$1m€950,00

Conclusion

Lance Stroll is a very famous Formula One driver with an avid fan following. He has achieved so much in his short racing career that many can’t even come close to. He is certainly an icon and inspiration for many racing fans and drivers.

Despite his accomplishments and achievements, he has been criticized largely for his inherited wealth and the funding from his father. He has also been labeled as a pay driver by many critics. However, the positive and calm response received from the young driver is much appreciated by his fans and critics alike.

Article sources

Lisette Holm
Lisette Holm
Lisette Holm is a Formula 1 expert who has not missed a single Grand Prix in the last 4 years. She is one of the founders and her job at Formulapedia.com is to educate others who are interested in F1 in order to raise their level of knowledge. Lisette cheers on Mercedes AMG-Petronas.

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