Canadian auto billionaire’s fortune doubles even with US tariffs
When US President Donald Trump first targeted the Canadian auto industry with tariffs it cost Linda Hasenfratz her status as a billionaire. The majority of Hasenfratz’ net worth is concentrated in Linamar Corp., the auto parts and industrial equipment manufacturer her father founded and she’s run for more than two decades.
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When US President Donald Trump first targeted the Canadian auto industry with tariffs it cost Linda Hasenfratz her status as a billionaire. The majority of Hasenfratz’ net worth is concentrated in Linamar Corp., the auto parts and industrial equipment manufacturer her father founded and she’s run for more than two decades. After the first round of tariffs was announced last year — including levies on autos specifically — Linamar’s stock plunged and her fortune dipped to around $800 million. But now Linamar’s shares have rebounded to near record highs, and Hasenfratz’ net worth has hit $1.8 billion, according to the Bloomberg Billionaires Index.
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- What's the story?
- When US President Donald Trump first targeted the Canadian auto industry with tariffs it cost Linda Hasenfratz her status as a billionaire. The majority of Hasenfratz’ net worth is concentrated in Linamar Corp., the auto parts and industrial equipment manufacturer her father founded and she’s run for more than two decades.
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Canadian auto billionaire’s fortune doubles even with US tariffs
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