Frank Stronach, CM (born 6 September 1932) is an Austrian-Canadian businessman. He is the founder of Magna International, an international automotive parts company based in Aurora, Ontario, Canada, and Magna Entertainment Corp., which specializes in horse-racing entertainment.
Born as Franz Strohsack in the small town of Kleinsemmering, Styria, Austria to working-class parents, Stronach's childhood was marked by the Great Depression and the Second World War. At the age of 14, he left school to apprentice as a tool and die maker. In 1954, he arrived in Montreal, Quebec, Canada, and later moved to the province of Ontario. He currently resides in Oberwaltersdorf, Austria and Aurora, Ontario.
He married Elfriede Sallmutter, also from Austria originally. They have two children: Belinda Stronach, a former Liberal (and previously Conservative) MP and former CEO of Magna, and Andrew Stronach, who is involved in thoroughbred horse racing, via the Adena Springs Farms breeding operations.