Toto Wolff: The Man Behind the Success of Mercedes F1

Who is businessman Toto Wolff?

Toto Wolff is a successful Austrian businessman and racing driver who is the current Team Principal and CEO of the Mercedes-AMG Petronas Formula One Team. He is also a co-owner of the team.

Toto is a fascinating figure who has made a significant impact on Formula One and has achieved great things in Formula One. He is a key figure in the success of the Mercedes F1 Team, and he is sure to continue to be a major force in the sport for many years to come..

Wolff was born in Austria

Wolff was born in Vienna, Austria, on January 12, 1972. His mother was of Polish descent while his father was Romanian. His father passed away from brain cancer when he was 15 years old. Toto studied at the French prestigious school called Lycee Français de Vienne.

He began his racing career in 1992, competing in Formula Ford and Formula Three. He later moved up to the FIA GT Championship and the Italian GT Championship.

In 1998, Wolff founded Marchfifteen, an investment company that focused on technology-related investments. He later founded Marchsixteen, another investment company.

In 2009, Wolff became involved in Formula One when he purchased a 16% stake in the Williams Formula One team. He served as an Executive Director for the team until 2013.

Toto Wolff

Mercedes F1 Team

In 2013, Wolff joined the Mercedes F1 Team as a shareholder and advisor. He was promoted to Team Principal in 2014.

Under Wolff’s leadership, the Mercedes F1 Team has become one of the most successful teams in Formula One history. The team has won eight consecutive Drivers’ Championships and seven consecutive Constructors’ Championships.

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Is Toto Wolff a billionaire?

Net Worth

Wolff’s net worth is estimated to be $1 billion. He is one of the richest people in Formula One.

How much does Toto Wolff own of Mercedes?

Wolff, who is both the team principal and part-owner of Mercedes F1, has shared his perspective on the importance of investing in the team. The 51-year-old Austrian owns 33% of the team, with another 33% being owned by Sir Jim Ratcliffe through his company INEOS and the remaining 33% owned by Daimler, the parent company of Mercedes-Benz.

Wolff is married to Susie Wolff

Wolff is married to Susie Wolff, a former professional racing driver. Susie and Wolff met while racing for Mercedes-Benz in DTM. They dated for a year before Toto proposed to her on a boat in Venice and got married in 2011 in Capri

Children

Susie and Toto Wolff have a son together. Their son Jack was born in April 2017.  Toto on the other hand has two children Benedict and Rosa from his previous marriage.

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Here are some additional facts about Toto Wolff:

  • He is a graduate of the Vienna University of Economics and Business.
  • He speaks fluent German, English, French, and Italian.
  • He is a keen golfer and skier.
  • He is a member of the FIA’s World Motor Sport Council.

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