Now that Frank Stronach has dropped a multi-grillion dollar lawsuit on his daughter Belinda and her kids, will her nibs finally rein in her silver-spooned progeny?
Frank, the 86-year-old tycoon behind the Magna lug nuts outfit, this week sued Belinda and his grandkids, Nikki and Frank Walker Jr., among others, to the tune of $520-million. His accusations included breach of contract, fraudulent concealment and unjust enrichment.
“Belinda has appropriated funds from The Stronach Group and has acted in a self-interested manner. She has placed herself repeatedly in situations of potential and actual conflict,” quoth the statement of claim.
Among other things, Frank (no relation) was reportedly pissed that Belinda has been lavishing excessive amounts of company dough on Nikki and Little Frank, at the expense of other grand kids.
Exhibit A: The 2015 Toronto Lite profile in which Nikki and her brother were featured.
“Bottle service, infinity pools and big-ticket gifts: a who’s who of Toronto’s richest kids on Instagram…a jaw-dropping, envy-inducing cross between Vogue, Condé Nast Traveller and Lifestyles of the Rich and Famous.”
Well, er, he’s a star DJ, or so we’re told by his publicist: “Electronic music sensation…Canada’s next colossal player…ground-breaking, 25-year-old producer on the brink of an unprecedented year–(that’s enough fluffers!!—ed.)
As a VP of with the Stronach companies, Lil Frankie gets to swan about the DJ circuit using the corporate jet and landing high profile gigs at Pimlico, where he appeared with Lorde and Nas on the main stage at the 2016 Preakness.
By happy coincidence, mommy happens to own the Pimlico track.