It was in 2011 that the Austrian-born Stronach revealed his plans to enter politics and the same year he formed the Stronach Institute that lead a campaign for classical liberalism and against the Euro. In 2012, he set up the political party Team Stronach for Austria, which has gained attraction in the country and has been holding five seats in parliament as of November 2012. Horse racing being one of Stronach’s greatest passions; he owns several racetracks via his Stronach Group and he is a successful horse breeder as well.
