{"id":5445,"date":"2026-08-17T16:41:58","date_gmt":"2026-08-17T16:41:58","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=5445"},"modified":"2026-08-17T16:41:58","modified_gmt":"2026-08-17T16:41:58","slug":"canadian-auto-billionaires-fortune-doubles-even-with-us-tariffs","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=5445","title":{"rendered":"Canadian auto billionaire\u2019s fortune doubles even with US tariffs"},"content":{"rendered":"
\n

The majority of Hasenfratz\u2019 net worth is concentrated in Linamar Corp., the auto parts and industrial equipment manufacturer her father founded and she\u2019s run for more than two decades. After the first round of tariffs was announced last year \u2014 including levies on autos specifically \u2014 Linamar\u2019s stock plunged and her fortune dipped to around $800 million.\u00a0<\/p>\n

Read more Billionaire Gen Zer dropped out of high school to launch his start-up at 17\u2014now he\u2019s the richest self-made 25-year-old in the U.K and all of Europe<\/a><\/p>\n

But now Linamar\u2019s shares have rebounded to near record highs, and Hasenfratz\u2019 net worth has hit $1.8 billion, according to the Bloomberg Billionaires Index. These changing fortunes may point to both a limit to Trump\u2019s ongoing trade assault on Canada, and a potential way forward for the country\u2019s beleaguered manufacturers.<\/p>\n

\n
\n
<\/div>\n<\/div>\n<\/div>\n

\u201cTariffs are very much a short-term problem,\u201d Hasenfratz, 60, who is Linamar\u2019s executive chair, said in an interview with BNN Bloomberg Television. \u201cThe vast majority of our business, there\u2019s absolutely no tariff.\u201d<\/p>\n

Shares of the Guelph, Ontario-based company have climbed about 27% this year in Toronto \u2014 outpacing the 16% advance of the benchmark S&P\/TSX Composite Index \u2014 despite a one-day dip on Thursday after reporting second-quarter earnings that fell short of analysts\u2019 estimates. \u00a0<\/p>\n

Hasenfratz didn\u2019t respond to a request for comment about her net worth or the company\u2019s performance.<\/p>\n

Tariff Free<\/h3>\n

Key to Linamar\u2019s success over the last year has been that auto parts are exempt from the 25% tariff applied to assembled vehicles, so long as the parts are compliant with the existing trade deal between the US, Canada and Mexico. That means products that account for more than 60% of Linamar\u2019s earnings are sold tariff free.<\/p>\n

\n
<\/div>\n<\/div>\n

While Trump\u00a0declined\u00a0this year to renew that existing trade deal, it remains in place for another 10 years. The new round of 50% tariffs Trump is currently threatening against a range of other Canadian goods also leave auto parts out.\u00a0<\/p>\n

While the US administration has been explicit in its hopes to reshore Canada\u2019s vehicle assembly plants, doing the same with Canada\u2019s much bigger parts manufacturing industry would be costly for both US car makers and consumers.\u00a0<\/p>\n

\n
\n
<\/div>\n<\/div>\n<\/div>\n

\u201cOn the parts production side I see it very hard for that to be displaced wholesale from Canada to the US,\u201d said Jonathan Goldman, a Bank of Nova Scotia analyst who has a hold equivalent on Linamar\u2019s stock. \u201cEven if somebody else did make it you can\u2019t just go across the street and get it. You have to redesign the entire car cause it all works together.\u201d<\/p>\n

\n
<\/div>\n<\/div>\n

With the tariff threat to its business diminishing, Linamar has been able to turn the disruption to its advantage. It has made three acquisitions in recent years, two in Germany and one in the US, from companies thrown into distress by the industry\u2019s broader upheaval. That\u2019s added some technological capabilities to Linamar\u2019s product portfolio, while helping boost sales to a record in the most recent quarter.\u00a0<\/p>\n

Read more Siemens CEO keeps his inbox below 100 with 2-letter replies\u2014and has no recurring meetings with direct reports: \u2018I don\u2019t need to entertain people\u2019<\/a><\/p>\n

\n
<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>\n

And Hasenfratz has indicated she\u2019s open to more.<\/p>\n

\u201cThe tariff situation is also adding stress to an already stressed supply base,\u201d she said on a May conference call. \u201cThis is leading to acquisition opportunities for us, as you\u2019ve seen us act on, and the pipeline of distressed companies just continues to grow.\u201d<\/p>\n

Dividend Payouts<\/h3>\n

Linamar was founded in 1966, a year after Canada signed an agreement with the US that removed tariffs on cars and auto parts traded between the two nations. Hasenfratz\u2019s father, Frank, came up with the name by combining the first names of his two daughters and his wife, and the newly christened Linamar\u2019s breakthrough contract was with Ford Motor Co.<\/p>\n

In 1994 the North American Free Trade Agreement integrated the two countries\u2019 auto industries further and by 2002 Hasenfratz took over as chief executive officer from her father.\u00a0<\/p>\n

\n
\n
<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>\n

She expanded Linamar\u2019s auto parts business globally while also diversifying into heavy agricultural equipment and the kind of industrial lifts used to repair wires and lighting in warehouse ceilings. These other businesses now account for nearly 40% of earnings.\u00a0<\/p>\n

While stock investors often apply a discount for this kind of diversification, Hasenfratz has maintained it makes Linamar\u2019s cash flows more stable because weakness in one industry can be offset by strength in another. And she and her family have benefited from that stability in the steady dividend payouts they\u2019ve collected for decades, amounting to millions of dollars a year. The accumulated dividends now account for about 13% of Hasenfratz and her family\u2019s net worth, according to Bloomberg calculations.\u00a0<\/p>\n

While Linamar\u2019s agricultural equipment business is currently suffering from a downturn, its industrial lift sales are booming. The narrower, battery-powered rigs Linamar makes have become favored by builders of artificial intelligence data centers in the US, giving the company\u2019s investors indirect access to the booming AI market.<\/p>\n

The company is also exploring other areas, including defense, robotics and power generation. \u00a0<\/p>\n

\n
<\/div>\n<\/div>\n

\u201cThey can run a manufacturing process just about as good as anyone,\u201d said Will Guy, an equity analyst who follows Linamar\u2019s stock for Veritas Investment Research Group in Toronto. \u201cThey have been able to leverage that into other industries, and they have ambitions to expand that into further industries as well.\u201d<\/p>\n

Read more China, the EU, and Singapore are pushing back against the White House\u2019s new \u2018Great Transshipment Scam\u2019 report<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Shares of Linda Hasenfratz’s Linamar climbed 27% in 2026 after Trump’s tariffs spared auto parts, which make up more than 60% of its earnings.<\/p>\n","protected":false},"author":1,"featured_media":5444,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tariffs"],"yoast_head":"\nCanadian auto billionaire\u2019s fortune doubles even with US tariffs - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=5445\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian auto billionaire\u2019s fortune doubles even with US tariffs - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\"Shares of Linda Hasenfratz's Linamar climbed 27% in 2026 after Trump's tariffs spared auto parts, which make up more than 60% of its earnings.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crosscountrymovingteams.com\/?p=5445\" \/>\n<meta property=\"og:site_name\" content=\"Cross Country Moving Team\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-17T16:41:58+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5445#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5445\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"headline\":\"Canadian auto billionaire\u2019s fortune doubles even with US tariffs\",\"datePublished\":\"2026-08-17T16:41:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5445\"},\"wordCount\":937,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5445#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/18064bf871c7b4f894dfd12259968bfe.webp\",\"articleSection\":[\"Tariffs\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5445#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5445\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5445\",\"name\":\"Canadian auto billionaire\u2019s fortune doubles even with US tariffs - Cross Country Moving Team\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5445#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5445#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/18064bf871c7b4f894dfd12259968bfe.webp\",\"datePublished\":\"2026-08-17T16:41:58+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5445#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5445\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5445#primaryimage\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/18064bf871c7b4f894dfd12259968bfe.webp\",\"contentUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/18064bf871c7b4f894dfd12259968bfe.webp\",\"width\":1200,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5445#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canadian auto billionaire\u2019s fortune doubles even with US tariffs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#website\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/\",\"name\":\"Cross Country Moving Team\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/crosscountrymovingteams.com\"],\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Canadian auto billionaire\u2019s fortune doubles even with US tariffs - Cross Country Moving Team","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/crosscountrymovingteams.com\/?p=5445","og_locale":"en_US","og_type":"article","og_title":"Canadian auto billionaire\u2019s fortune doubles even with US tariffs - Cross Country Moving Team","og_description":"Shares of Linda Hasenfratz's Linamar climbed 27% in 2026 after Trump's tariffs spared auto parts, which make up more than 60% of its earnings.","og_url":"https:\/\/crosscountrymovingteams.com\/?p=5445","og_site_name":"Cross Country Moving Team","article_published_time":"2026-08-17T16:41:58+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/crosscountrymovingteams.com\/?p=5445#article","isPartOf":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5445"},"author":{"name":"admin","@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa"},"headline":"Canadian auto billionaire\u2019s fortune doubles even with US tariffs","datePublished":"2026-08-17T16:41:58+00:00","mainEntityOfPage":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5445"},"wordCount":937,"commentCount":0,"image":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5445#primaryimage"},"thumbnailUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/08\/18064bf871c7b4f894dfd12259968bfe.webp","articleSection":["Tariffs"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/crosscountrymovingteams.com\/?p=5445#respond"]}]},{"@type":"WebPage","@id":"https:\/\/crosscountrymovingteams.com\/?p=5445","url":"https:\/\/crosscountrymovingteams.com\/?p=5445","name":"Canadian auto billionaire\u2019s fortune doubles even with US tariffs - Cross Country Moving Team","isPartOf":{"@id":"https:\/\/crosscountrymovingteams.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5445#primaryimage"},"image":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5445#primaryimage"},"thumbnailUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/08\/18064bf871c7b4f894dfd12259968bfe.webp","datePublished":"2026-08-17T16:41:58+00:00","author":{"@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa"},"breadcrumb":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5445#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/crosscountrymovingteams.com\/?p=5445"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/crosscountrymovingteams.com\/?p=5445#primaryimage","url":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/08\/18064bf871c7b4f894dfd12259968bfe.webp","contentUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/08\/18064bf871c7b4f894dfd12259968bfe.webp","width":1200,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/crosscountrymovingteams.com\/?p=5445#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/crosscountrymovingteams.com\/"},{"@type":"ListItem","position":2,"name":"Canadian auto billionaire\u2019s fortune doubles even with US tariffs"}]},{"@type":"WebSite","@id":"https:\/\/crosscountrymovingteams.com\/#website","url":"https:\/\/crosscountrymovingteams.com\/","name":"Cross Country Moving Team","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/crosscountrymovingteams.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/crosscountrymovingteams.com"],"url":"https:\/\/crosscountrymovingteams.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts\/5445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5445"}],"version-history":[{"count":0,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts\/5445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/media\/5444"}],"wp:attachment":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}