The Net Worth and Salary of Toto Wolff
Around $580 million is estimated to be the wealth of Mercedes AMG Petronas Racing’s team principal. A long-term member of the club, he has accumulated a sizable fortune. Furthermore, according to rumors, he earns almost $8 million annually as a member of the squad. Williams and Mercedes’s investments have helped him amass a fortune of this size.
When Did Toto Wolff Begin His Career?
Wolff was a former race car driver who fell short of making it to Formula One. His first race was in the Austrian Formula Ford Championship at the age of 20. During his racing career, he competed in various GT races. Additionally, Wolff was victorious in a number of competitions, including the 2006 Austrian Rally Championship, where he finished second overall. At the Walter Lechner Racing School, Wolff became a driving instructor, as well
When Toto Wolff Was a Racing Driver
In 2009, he bought stock in the Williams Formula One team. He was promoted to executive director of the team three years after that. Wolff purchased a 30 percent ownership in Mercedes AMG Petronas in 2013 and became executive team director just a year after that purchase. Williams and Mercedes AMG Petronas were both owned by Wolff until the end of 2016. His next step was to sell his Williams F1 stock.
Mercedes has risen to unprecedented heights under the leadership of Toto Wolff as team principal. The team has been crowned champion eight times in a row.
Toto Wolff Personal Life
Wolff was born on January 12th, 1972 in Vienna, Austria. He was born to a Polish mother and a Romanian father. However, he was barely eight years old when his father was afflicted with brain cancer. Wolff’s parents parted after the diagnosis and his father eventually died when Wolff was in his early teens.
Wolff is currently married to Susie Wolff, the couple was married in 2011. Susie has been a racing driver herself and was also a test driver of Williams F1 in 2015. Susie is presently the team principal of Venturi Racing in Formula E.
Wolff and Susie are parents to a son named Jack Wolff, born in 2017. Wolff is said to be the father of two children from a prior relationship. His previous marriage and children’s names and ages haven’t been released to the public yet.
FAQs about Toto Wolff
What are Toto Wolff’s age and date of birth?
Toto Wolff, who was born on January 12th, 1972, has reached the age of 45.
How much money is Toto Wolff worth?
Wolff has a fortune of approximately $580 million.
What company is Toto Wolff employed by?
Since leaving Williams Racing, Toto Wolff has joined Mercedes AMG Petronas.
Toto Wolff’s nationality has never been revealed.
Wolff was born and raised in Austria.
Were you born where Toto Wolff was?
In Vienna, Austria, Toto Wolff was born.
Where does Toto Wolff live?
He currently lives in Northamptonshire, a county in the East of England.
Are there any children in Toto Wolff’s life?
When Toto and Susie Wolff got married, they had a kid named Jack.
Formula 1
Wolff joined the board of directors of the Williams Formula One Team in 2009. In 2012, he became executive director of Williams F1, and Pastor Maldonado won the Spanish Grand Prix.
Wolff departed Williams F1 in January 2013 to become an executive director of the Mercedes AMG Petronas Formula One Team, alongside business partner Rene Berger. He acquired 30% of Mercedes-Benz Grand Prix Ltd, with Niki Lauda owning 10% and the parent firm owning 60%.
Norbert Haug had previously coordinated all Mercedes-Benz motorsport efforts. Wolff sold two-thirds of his Williams stock to American Brad Hollinger in 2014. On March 9, 2016, Wolff sold his remaining Williams shares.
A 1–2–3–4 result at Spielberg, Austria in his ‘home race’, as well as a 1–2–3–4 finish at Monza, Italy in both Qualifying and Race classes, were among Wolff’s many podiums and wins for both teams.
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Mercedes earned its sixth consecutive double world title in 2020. Ferrari had previously held the record with five consecutive double world titles from 2000 to 2004. From 2014 until 2020, Mercedes won seven consecutive Driver’s Championships. Ferrari had five titles from 2000 to 2004.
Mercedes’ seven successive constructors’ titles overtook Ferrari’s six consecutive constructors’ titles between 1999 and 2004 in 2020. Todt presented Wolff with a John Bolster Award at the 2018 Autosport Awards. Wolff and team non-executive chairman Niki Lauda received the President’s Award from Todt at the 2018 FIA Prize Giving Gala in St Petersburg, Russia.
2018 was Mercedes-most Benz’s successful motorsport year. All three titles in the last season of DTM competition were won by Gary Paffett, and the firm also won both F1 eSports titles and countless championships in customer racing.
In 2019, Mercedes won its sixth consecutive double world championship at the Japanese GP, when only one of Lewis Hamilton or Valtteri Bottas could win the Drivers’ title. This is a first in the sport’s history. He is the only Team Principal to win five consecutive double world championships.
Mercedes has won the double world title for the eighth time. This surpasses Ferrari’s six consecutive constructors’ titles from 1999 to 2004. At the 2020 Portuguese GP, Lewis Hamilton became the most successful driver in terms of race victories, tying Michael Schumacher’s record.
Mercedes has won 108 of 154 races since the introduction of turbo-hybrid regulations in 2014. The squad has 114 pole positions, 72 front row locks, and 224 podium finishes. Since Wolff joined Mercedes in 2013, the team has won 64% of races.
Wolff extended his three-year contract with Mercedes after the 2020 F1 season.
Toto Wolff.
Austrian investor. Mercedes AMG-Petronas team boss and CEO. Based on my own interpretation
↻ + ♡pic.twitter.com/lRA3tHzGOt
— Toto Wolff (@TotoWolff_) February 16, 2021
Ventures
Toto Wolff launched Marchfifteen (1998) and Marchsixteen (2004), both focused on internet and technology investments. Wolff has focused on mid-sized industrial and public firms since 2003. Wolff bought a 49 percent ownership in the German HWA AG in 2006 and listed it on the public exchange in 2007. The business developed F3 engines and the Gullwing Mercedes-Benz SLS AMG GT3 race vehicle for Mercedes-Benz.
BRR Rallye Racing, one of Europe’s leading rally components dealers, also invested. Bruno Spengler, Alexandre Prémat and Valtteri Bottas were all managed by Wolff’s sports management company with former F1 driver Mika Häkkinen. Wolff bought a 4.95 percent financial share in Aston Martin Lagonda Global Holdings plc in April 2020, which dwindled to less than 1%. This deal did not change Wolff’s partnership or operational responsibilities with Mercedes. Wolff sold a 5% share in Williams F1 to Dorilton Capital in June 2020.
It was reported in August 2021 that Toto Wolff and Aston Martin F1 chief Lawrence Stroll were implicated in insider dealing with Aston Martin shares, which Wolff denied in comments to the same publication. The BaFin in Germany and the FCA in the UK both confirmed that they had found no evidence of misconduct.
Toto Wolff is also a Director and CEO of the Mercedes EQ Formula E Team. Susie Wolff became the first female team principal to stand on the podium at a world championship motor race in August 2021, when Mercedes won both the drivers’ and teams’ championships in Formula E. The Wolffs led their respective teams to victory and second place in the Formula E driver championship, with Venturi’s Edo Mortara finishing second.
A school friend who inspired a generation of friends, Wolff is vice chairman of the Mary Bendet Foundation. The Foundation’s mission is to better the lives of disadvantaged children.
Susie Stoddart Wolff and Toto Wolff married in 2011. Wolff lives in Monaco with his second wife Susie Wolff, who owns the ROKiT Venturi Racing Team. He proposed aboard a Venice airport boat. They wed in 2011. Susie revealed on Twitter on April 11, 2017 that she has given birth to their first child. His first wife Stephanie Travers gave him two kids.
Toto Wolff wealth
Worth of Toto Wolff? Toto Wolff’s net worth is roughly $500 million. His compensation for 2022 is around $10 million, and he makes most of his money from racing sports. Riches and vehicles abound in Wolff’s life. He is one of the world’s wealthiest racers. In addition to English, he is fluent in German and Polish.
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