Toto Wolff is an Austrian millionaire motorsport executive, businessman, and former racing driver. He owns 33 percent of the Mercedes-AMG Petronas F1 Team and is the team’s Team Principal and CEO.
Toto Wolff’s Early Years
Wolff was born on January 12th, 1972, in Vienna, Austria.
Torger Christian Wolff is his proper name. Polish and Romanian parents reared him and his sister.
When he was 8 years old, his father was diagnosed with cancer and transported to the hospital. His parents divorced after learning that his father was ill. When Toto was an adolescent, his father died of the condition.
Even though he hailed from a poor background, he grew up in the city and attended a French school there. When his father was ill, he and his sister likely stopped attending school.
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Toto Wolff’s Professional Life
Wolff was a former Formula One racing driver who never made it to the sport’s top division. Wolff made his racing debut in the Austrian Formula Ford Championship, where he participated for the first time at age 20. He raced in a handful of GT events throughout his racing career, which ended in 2009.
Wolff also had a terrific year in 2006, finishing second in the Austrian Rally Championship while winning several events. Wolff also began working as a driving instructor at the Walter Lechner Racing School in Germany.
After that, in 2009, he bought into the Williams Formula One team through an investment. He was appointed executive director of the team after another three years. After obtaining a 30% stake in Mercedes AMG Petronas a year later, in 2013, Wolff was named the team’s executive team director.
Wolff was a stakeholder in Williams and Mercedes AMG Petronas after 2016. He sold off all of his shares to close up his involvement with Williams F1.
In Formula One, Wolff has transformed Mercedes into a force to be reckoned with. The team has won the last eight championships.
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There are 15.2k Instagram followers for Toto Wolff.
Toto Wolff’s Wife and Family
Susie Wolff’s wife has been at his side since their wedding in 2011. Susie has the prior racing experience, having served as a Williams F1 test driver in 2015. Venturi Racing, a Formula E team, is led by Susie as its team principal.
Wolff and Susie Wolff welcomed their first child, a boy named Jack, in 2017. According to sources, Wolff is the father of two children from a previous marriage. The identity of his first and second wives, as well as their children, remains a mystery.
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Toto Wolff Net Worth is still unknown.
Businessman Toto Wolff is from Austria, and he’s also a former motorcyclist. He’s now focusing his efforts on various business and financial ventures.
In 2009, he founded the Mercedes AMG Petronas Formula One team, where he now serves as CEO and Principal. Toto Wolff’s net worth will rise to 570 million dollars by 2022.
Those who follow Formula One may be surprised to learn that he’s worth more than Hamilton, whose estimated net worth is $285 million.
Toto Wolff Automobiles and Household Items
Toto Wolff certainly knows how to flaunt his luxury. There is no way to tell how many automobiles he now owns. The 1957 Mercedes-Benz 300 SL is one of his most prized possessions.
Except for the Bugatti Veyron and a Maserati Granturismo (the latter of which is the most expensive car in the world), all of these cars are Mercedes Benz models.
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Toto Wolff lives in Oxfordshire, England, and Emratingen, Switzerland, both in the canton of Bern. A house in Northants is supposed to be home to Toto and Susie Wolff.
FAQs
What was the source of Toto Wolff’s wealth?
Known businessman Toto Wolff has invested in several technological businesses. Toto Wolff is also a third owner of the Mercedes F1 Team.
How much money does Petronas pay Mercedes?
In 2018, 239 sports teams received sponsorship money from 208 different corporations. Malaysian oil firm Petronas signed an agreement with Mercedes that is believed to be worth $75 million annually as the business’s title sponsorship.
In what currency is Toto Wolff remunerated?
The Mercedes F1 Team pays Toto Wolff $26 million a year.