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The Playbook With David Meltzer

Building Wealth Through Fair Enterprise

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.91.9K Ratings

🗓️ 14 May 2026

⏱️ 21 minutes

🧾️ Download transcript

Summary

In today’s episode, I sit down with billionaire entrepreneur and Magna International founder Frank Stronach to talk about his journey from arriving in Canada with $200 to building a global automotive empire with 180,000 employees and billions in revenue. Frank shares how profit sharing transformed his business, why treating employees like partners created explosive growth, and how his experiences with poverty, war, communism, and capitalism shaped his worldview. We also talk about economic freedom, the future of entrepreneurship, the importance of purpose later in life, and why he believes stronger middle classes and fair enterprise systems are essential to creating a more civilized society.

Transcript

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0:00.0

Welcome to Entrepreneurs the Playbook. I'm David Meltzer and I have a treat for you. It's very rare.

0:05.4

We get the wisdom and the faith of somebody who has done it himself, a billionaire entrepreneur,

0:12.2

best known as the founder of Magna International, one of the world's largest automobile part

0:18.5

suppliers in the world. We are blessed to have on the playbook.

0:22.6

Frank Strohnack, welcome to the playbook.

0:26.4

It's great to be with you.

0:28.9

Great to have you.

0:30.1

Well, you know, there are no overnight successes,

0:33.2

and you have definitely learned some lessons around the way.

0:38.4

I was curious, you know, being born in 1932, how did things exponentially grow?

0:46.1

Give us a little bit of a background when you started from your modest beginnings as an

0:51.0

immigrant to being a billionaire today.

0:54.0

So you mentioned my birthday in 1932.

0:57.6

So that means I'm 94 years young.

1:01.2

Okay.

1:01.9

So anyway, life is a question of fate and circumstances, being at the right places,

1:07.8

at the right time with the right ingredients.

1:10.7

I've seen a lot.

1:12.6

I was born in Austria, so I have as a kid, I witnessed the war, right?

1:17.6

And in hindsight, you think, how can the system like the Nazi regime have a buildup and existed, right?

1:26.6

So, and then I was born kind of in the eastern part of

1:32.5

Austria and at the same time we were or shortly after the war we were occupied by

...

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