Frank Hasenfratz

Frank Hasenfratz
Born 1935
Hungary
Nationality Canadian
Occupation Chairman, Linamar
Net worth $1.0 billion

Frank Hasenfratz (born 1935) is a Hungarian-born Canadian billionaire businessman.

Born in 1935, he left Hungary in May 1957 and arrived in Quebec City after the failed Hungarian Revolution of 1956.[1]

He started a one-man machine shop in his basement in 1964, and then incorporated in 1966 under the name Linamar after his two daughters Linda (current Linamar CEO), Nancy and his wife Margaret.

The company now employs around 19,500 at 48 plants, and it is from Hasenfratz's 23.6% stake in the company, plus share sales, dividends, and other asset groupings that he now has a net worth of approximately $1 billion.[2]

References

  1. ↑ http://www.bloomberg.com/news/articles/2014-05-21/hungarian-refugee-becomes-car-parts-billionaire-in-canada Bloomber feature
  2. ↑ http://www.forbes.com/profile/frank-hasenfratz-1/?list=billionaires Forbes profile
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