Canadian Billionaires Stroll and Latifi and Their Luxury Megayachts A Passion for the Sea and Formula One

faith yacht

Two Billionaires, One Luxurious Yacht: The Fascinating World of Stroll and Latifi’s M/Y FAITH

Stroll and Latifi, both Canadian billionaires, same passion for the M/Y FAITH

Lawrence Stroll and Michael Latifi, both Canadian billionaires, have not only achieved elite status in the world of ultra-high-net-worth individuals but also share a profound love for Formula One racing and the sea, particularly yachts.

Lawrence Stroll, a tremendously wealthy entrepreneur in the fashion and finance sectors, owns brands like Tommy Hilfiger and Michael Kors, along with the Mont-Tremblant circuit in Quebec.

He has played a pivotal role in advancing his son’s racing career. He rescued the Force India team, transformed it into Racing Point, and finally rebranded it as Aston Martin in 2021. With Stroll as the team owner, Lance Stroll had no trouble securing a coveted seat in the Formula One world, independent of his racing results.

Though Lance’s Formula One statistics aren’t remarkable, with only one podium in 62 Grand Prix races over three seasons with Williams and Racing Point, he remains devoted to the sport.

Another immensely wealthy Canadian, Michael Latifi, has been equally dedicated to supporting his son’s racing ambitions. Michael’s involvement in the food industry (Sofina Foods) allowed him to invest in McLaren, owning a 10% stake through a commercial arrangement.

He also extended a crucial lifeline to Williams, reportedly providing a £50 million loan that seemingly hints at a potential future acquisition of the team.
Notably, his son Nicholas joined Williams, contributing a 2nd place finish in the previous F2 championship.

Both Lawrence Stroll and Michael Latifi, besides their shared elite status as UNHW individuals and remarkable entrepreneurial success, also bond over their passion for Formula One and the sea, especially yachts.

So, what would be the ideal yacht for a Formula One driver? One might assume it would be a speedy, sporty yacht. However, the answer isn’t that straightforward. Take Fernando Alonso, for instance. Instead of racing across the water as he does on the asphalt, he chose to leisurely and consciously navigate the seas on board the 60 Sunreef Power Eco, a catamaran designed with sustainability in mind.

Agrigento now boasts the presence of a stunning luxury yacht called “Faith,” measuring a colossal 97 meters in length and valued at $200 million. This behemoth belongs to Lawrence Stroll, who founded the Aston Martin Formula One team in 2019.

“Faith” was recently spotted off the coast of San Leone, a coastal town in Agrigento, where tourists marveled at its sheer opulence.

Interestingly, Stroll, who is also the executive chairman and a major shareholder of Aston Martin, is an avid collector of vintage Ferraris, owning at least thirty. In 2013, he famously acquired a rare 1967 Ferrari Spider for $27.5 million.

Lawrence Stroll, listed with a net worth of $2.6 billion by Forbes as of September 2020, has been a longtime visitor to the Costa Smeralda, where his super yacht, valued at over $200 million, offers 26 cabins, including two VIP suites. Its amenities include a 9-meter by 4-meter glass-bottomed thermal pool at the stern of the main deck, a spacious beach club with a bar, a cinema, a wellness center with a Turkish bath, an extensive play area, and a basketball court. It boasts multiple elevators and a well-equipped gym. There’s even a helipad in the bow area. “Faith” can reach speeds of up to 17 knots and carries a freshwater reserve of 75,000 liters.

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