Frank Stronach
1932: Born in Austria
1954: Emigrates to Canada
1957: Starts predecessor company to Magna
1988: Runs unsuccessfully for a seat in Canada’s Parliament
1998: Buys Austrian vehicle assembler Steyr-Daimler-Puch
2004: Takes Magna up 3 spots to third-largest global parts supplier, with revenue of $19.94 billion
2005: Is highest-paid auto parts exec at $33.3 million a year
When the Chrysler group lost its paint-shop supplier just before the launch of the new Jeep Wrangler last August, Magna International’s founder and chairman, Frank Stronach, came to the rescue.
