Frank Hasenfratz

Frank Hasenfratz, CM (born 1935) is a Hungarian-born Canadian billionaire businessman, the founder and owner of the car parts maker Linamar.

Frank Hasenfratz
Born1935 (age 85–86)
Szár, Hungary
NationalityCanadian
OccupationBusinessman
Net worthUS$1.0 billion (2015)[1]
TitleChairman, Linamar
Spouse(s)Margaret (deceased)
Children2 daughters, including Linda

Early life

Hasenfratz was born in 1935 in Szár, Hungary.[2] He left Hungary in May 1957 and arrived in Quebec City, Canada, after the failed Hungarian Revolution of 1956.[3]

Career

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.[1]

As of 2015, the company now employed 19,000 people at 45 plants, and it is from Hasenfratz's 23.6% stake in the company, plus share sales, dividends, and other asset groupings that he had a net worth of approximately $1 billion.[1]

Honours

In 2014, he was made a member of the Order of Canada "for his contributions to Canada’s manufacturing industry and for his philanthropic initiatives".[4]

Personal life

Hasenfratz is widowed from his marriage to Margaret.[1] He has two daughters, Linda and Nancy, and lives in Guelph, Ontario, Canada.[1]

References
  1. "Forbes profile: Frank Hasenfratz". Forbes. Retrieved 5 September 2018.
  2. András Baráth - Linamar – ismerd meg a Magyarországon is aktív multinacionális vállalat magyar alapítójának történetét
  3. Hugo Miller (21 May 2014). "Hungarian Refugee Becomes Car Parts Billionaire in Canada". Bloomberg LP. Retrieved 5 September 2018.
  4. General, The Office of the Secretary to the Governor. "The Governor General of Canada". gg.ca. Retrieved 5 September 2018.
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