Frank Stronach

Frank StronachCM (born 6 September 1932) is an Austrian-Canadian billionaire businessman and politician. He was convicted of indecent assault.

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.

In 2011, he entered Austrian politics, founding the Stronach Institute to campaign for a flat tax and lowering national debt. In 2012, he founded the political party Team Stronach for Austria.

In 2026, Stronach was found guilty of sexual assault and indecent assault in Canada for incidents that happened in the 1970s and 1980s.. A second trial is scheduled for May 2027 in Newmarket, representing multiple charges from six further complainants.