Managing a Formula 1 team isn’t exactly a walk in the park, but one man seems to have understood the assignment perfectly: Toto Wolff. Toto has been the team principal of the Mercedes-AMG Petronas F1 team since 2013 and during that time, has led them to an unprecedented eight consecutive Constructors’ championships from 2014 to 2021.
But who exactly is Toto Wolff, how did he become so successful and how much is he worth? Allow us to reveal all.
Toto Wolff Quick Facts
Name: Torger Christian “Toto” Wolff
Age: 50
DoB: 12 January 1972
Nationality: Austrian
Height: 6ft 5in / 1.96m
Relationship Status: Married
Spouse: Susie Wolff, married October 2011
Children: Son Benedict Wolff and daughter Rosa Wolff with his first wife, Stephanie and son, Jack Wolff, born 2017 to mother Susie Wolff.
Net Worth: $580 million (estimated)
Who Is Toto Wolff?
Toto Wolff is an Austrian motorsport executive, former racing driver and investor. He was born on 12 January 1972 in Vienna, Austria, to a Polish mother and Romanian father. During his life, Toto has become multi-lingual, being fluent in German, French, English, Italian, Spanish and Polish.
Not a lot is known about his personal life, because he remains a rather private man and doesn’t have personal social media accounts. However, he currently lives in Monaco with his wife Susie Wolff, who is also involved in motorsport, being a former racing driver herself – she was the first woman to compete in a Formula 1 race weekend in 22 years at the 2014 British Grand Prix – and is the CEO of the Venturi Racing in the Formula E series.
Motorsport Career
Toto Wolff entered motorsport at the age of 20 in 1992, when he competed in the Austrian Formula Ford Championship, before moving to the German Formula Ford Championship for the 1993 and 1994 seasons. At 22-years-old, he won the 24 Hours Nürburgring Championship in his respective category. He has competed in various other motoring disciplines throughout Europe, and one of his most recent successes was a win at the 2006 Dubai 24 Hour race.
Formula One Career
Toto Wolff hung up his racing gloves in favour of investment and managing in 2009 when he invested in the Williams Formula One Team, becoming a member of the board of directors in the process. He took over Team Executive duties in 2012 and was in charge when the team took its last win to date at the 2012 Spanish Grand Prix.
Toto’s Formula One career seriously took off in 2013 when he was appointed the executive director of the Mercedes-AMG Petronas Formula One Team. At the same time, Toto himself acquired a 30% stake in Mercedes-Benz Grand Prix Ltd, which has no doubt done wonders for his own personal wealth. By March 2016, Toto had also offloaded his holding shares in the Williams F1 team.
Under Toto’s leadership, the Mercedes Formula One Team dominated the sport between 2014 and 2021, winning eight consecutive Constructors’ titles and seven World Driver’s Championships thanks to British driver, Lewis Hamilton.
Toto also oversees other motorsports that Mercedes is involved with, including Formula 2, Formula 3 and the German-based DTM series. In 2018, Mercedes won titles in all of these racing series.
Investments
Toto Wolff doesn’t just have a keen eye for racing and leadership, but he’s also a keen investor, and has even founded his own investment companies, Marchfifteen and Marchsixteen. The majority of his investments still revolve around motorsport, such as BRR Rallye Racing, a rally parts dealer based in Europe. He also owns a sports-management company with Finnish former Formula One racing driver, Mika Häkkinen, and the pair have help to manage a number of drivers, including Valtteri Bottas.
How much is Toto Wolff worth?
As of 2021, Toto Wolff’s net worth is an estimated CHF 1.25 billion, according to the Swiss newspaper Handelszeitung. However, this would make his net worth in USD to be around $1.28bn. The majority of other online publications estimate is net worth in USD to be around $580 million.
How much does Toto Wolff get paid?
According to CAKnowledge, Toto Wolff receives a salary of $26 million from Mercedes. He is also claimed to be eligible to receive bonuses based on team wins. For example, it is claimed he receives a $200,000 bonus for every podium finish Mercedes achieves (and with 235 podium finishes from a possible 334, he’s not doing badly) and if Mercedes wins the Constructors championship, he receives a $10 million bonus.
How tall is Toto Wolff?
Toto Wolff commands a serious presence around the Formula One paddock. Not only does he have a thick Austrian accent, but at 6ft 5in / 1.96m tall, he also tends to tower over everyone else.