91-year-old billionaire Frank Stronach, founder of Magna International, faces sexual assault charges spanning from the 1980s to last year. He denies the allegations and looks forward to defending his legacy. Under his management, Magna expanded globally but attracted criticism for diversifying into unprofitable ventures. The Stronach Group, now run by his daughter, owns horse racing tracks in the US. The charges were filed in Peel, Toronto, while Stronach resides in York where Magna's HQ is located. This follows another Canadian billionaire, Robert G. Miller, being charged with similar offenses.