Toto Wolff serves as the Team Principal for the Mercedes AMG Petronas Formula One team. The Austrian joined the team in 2014 and has remained ever since.
Wolff began his racing career in the Austrian Formula Ford Championship in 1992. He won the 24 Hours of Nürburgring in his category two years later. Wolff has had a few victories in the FIA GT Championship and the Italian GT Championship.
Wolff is currently married to his second wife, Scottish racer Susie Wolff. Toto and Stephani have a kid together as well as two children from Toto’s previous marriage.
Wolff owns property in both the United Kingdom and Switzerland.
His other achievements include finishing second in the Austrian Rally Championship in 2006 and first in the Dubai 24-hour race. In 2009, he set a lap record in a Porsche RSR on the Nürburgring Nordschleife.
Wolff concentrated on investing after retiring. He is the founder two firms. Both companies were primarily interested in making investments in the internet and technology sectors.
Wolff, however, began focusing on strategic investments in medium-sized industrial and publicly traded companies in 2003. Among the investments is the German HWA AG, which manages Mercedes-Deutsche Benz’s Tourenwagen Masters race programme.
His other ventures include BRR Rallye Racing which is one of Europe’s major rally components dealers. Wolff also has a racing driver management company with former Formula One winner Mika Häkkinen.
His net worth is estimated to be over $580 million (approximately).
Wolff reportedly gets €8 million per year as a Team Principal.
He bought a 30% share in Mercedes-Benz Grand Prix Ltd after joining Mercedes.
Toto Wolff, as previously stated, has a variety of investments. These include a 5% ownership of the Williams F1 Team and even the Mercedes team as stated above.
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