Net Worth & Profile
Toto Wolff Biography and Net Worth
Toto Wolff is an Austrian billionaire known for his involvement in motorsports. He’s a former racing driver and currently serves as the CEO and team principal of the Mercedes-AMG Petronas F1 Team.
Who is Toto Wolff?
Toto Wolff, an Austrian millionaire, is active in motorsports and used to race. He now owns 33% of the Mercedes-AMG Petronas F1 Team and serves as its Team Principal and CEO.
Bio Data
| Name | Toto Wolff |
| Gender | Male |
| Date of Birth | Jan 12, 1972Â |
| Age | 51 years old |
| Place of Birth | Vienna, Austria |
| Profession | Team principal & CEO of the Mercedes-AMG Petronas F1 Team |
| Net worth | $1.1 Billion |
Biography
Toto Wolff was born on January 12, 1972, in Vienna, Austria. His mother was Polish, and his father was Romanian.
Despite his Jewish roots, he was baptized as a Catholic and he attended the renowned Lycee Français de Vienne for his education.
Unfortunately, when Toto was 15, his parents divorced due to his father’s struggle with cancer, and sadly, his father passed away.
Career
Toto Wolff kicked off his racing journey in 1992, starting with the Austrian Formula Ford Championship before making his mark in the German Formula Ford Series. In 1994, a major win at the 24 Hours of Nürburgring solidified his status. The year 2002 saw him in the FIA GT Championship, clinching a victory and a respectable sixth place in the N-GT category.
Shifting to the Italian GT Championship in 2004, Wolff, partnered with Lorenzo Case, secured another victory. Simultaneously, he teamed up with Karl Wendlinger for the FIA GT Championship. 2006 brought further triumphs as he clinched victory at the Dubai 24 Hour and secured a second-place finish in the Austrian Rally Championship.
Post-retirement from racing, Wolff delved into investing. He not only poured resources into the Williams Formula One Team but also ascended to the role of executive director.
In a significant move in 2013, he joined the Mercedes-AMG Petronas F1 Team. This pivotal year witnessed the acquisition of Lewis Hamilton by Mercedes and a notable 30% stake in the Mercedes-Benz Grand Prix by Wolff himself. With Wolff at the helm, both Williams F1 and Mercedes-Benz Grand Prix soared to impressive heights on the racetrack.
Additionally, Wolff co-owns a sports bar. His profound understanding of motorsport management has earned him positions as an associate fellow at Oxford Sad Business School, where he imparts knowledge on high-performance culture and team leadership. Harvard Business School also recognized his expertise, appointing him as an executive fellow after conducting a case study for MBA students.
Net Worth
Toto Wolff, a billionaire in the motorsports sector, was previously a racing driver and now has an estimated net worth of $1.1 billion.
He is the CEO and team principal of the Mercedes-AMG Petronas F1 Team. During his career as a driver, he won the 24 Hours of Nürburgring in 1994 and competed in the FIA GT and Italian GT Championships.
Wolff has shown an interest in Internet and technology companies, as well as midsized industrial and publicly traded enterprises, throughout his investment career.
Personal Life
Toto Wolff married fellow racer Susie Stoddart in 2011, who later became a key figure in F1 Academy and Venturi Racing. They have a son, Jack.
Toto also has two children, Benedict and Rosa, from his previous marriage. He’s actively engaged in philanthropy, serving as vice chairman of the Mary Bendet Foundation.
FAQS
Q: Who is Toto Wolff?
A: Toto Wolff is an Austrian billionaire known for his involvement in motorsports. He’s a former racing driver and currently serves as the CEO and team principal of the Mercedes-AMG Petronas F1 Team.
Q: What are Toto Wolff’s notable achievements?
A: Aside from his racing career, Wolff has been instrumental in the success of both Williams F1 and Mercedes-Benz Grand Prix as an investor and executive. He’s also known for his philanthropic work, particularly with the Mary Bendet Foundation.
Q: What is Toto Wolff’s personal life like?
A: Toto Wolff is married to fellow racing driver Susie Stoddart. They have a son named Jack. He also has two children, Benedict and Rosa, from a previous marriage.