Toto Wolff Net Worth

Short introduction

Toto Wolff is an Austrian investor and former racing driver. He holds 30 percent of the shares in the Formula 1 team at the Mercedes AMG Petronas Motorsport and is the principal and CEO of the team. In his role as an investor, Wolff specializes in strategic investment in industrialized and medium-sized registered companies. He was previously a shareholder at Williams F1.

Early life

Christian Wolff, known as Toto Wolff, was born in Vienna in 1972 to Poland doctor and Austrian father from Romania. Wolff was taught in a French school in Vienna. He only found his desire for racing at the age of 18 years.

Career

Wolff began his Motorsport career in 1992 in the Austrian Ford Formula Championship. In the next two years he drove in Formula Austria and Germany Ford. In 1994 he won Nürburgring 24 hours in his category. In 2002, Wolff took sixth place in the N-GT category in the FIA ​​GT Championship and won the race. He turned to the Italian GT championship in 2003 and won the race with Lorenzo’s case in 2004, while also competing with Karl Wendlinger at the FIA ​​GT championship. Wolff was runner-up at the Austrian rally championship in 2006 and won a 24-hour race in Dubai. Wolff also served as an instructor at Walter Lechner racing school. In 2009 he was a lap record holder at Nürburgring-Nordschleife with 7:03 minutes at RSR Porsche.

As an investor, Wolff founded MarchFifleen in 1998 and Marchsixteen investment in 2004, initially focused on the internet and technology company. Wolff has concentrated on strategic investment in industrial and registered industrial companies since 2003. Participation includes Hwa AG Germany, where Wolff acquired 49 percent of the shares in 2006. In 2007 the company was listed on the Stock Exchange. The company runs a German tour car racing program for Mercedes-Benz, developing a F3 engine and Mercedes-Benz SLS AMG GT3 with wing doors. Further investment by Wolff concerning BRR Rallye Racing, one of the largest rally component dealers in Europe. Wolff is also a shared owner of the sports management company with former F1 driver Mika Häkkinen and is involved in managing racing drivers such as Bruno Spengler, Alexandre Prémat and Valu Botter.

In 2009, Wolff bought shares on the Formula One team of Williams and joined the Board of Directors. In 2012 he was appointed as Williams F1 Executive Director. In 2013, Wolff left F1 to become the Implementation Director of the Mercedes Team Petronas Formula 1. In 2018 Mercedes won the fifth double world championship in a row, set a record that Ferrari was set between 2000 and 2004. 2018 was the most successful motorsport in the history of Mercedes-Benz . Mercedes won both titles F1, F2 title with George Russell, the title of F3 Europe with Mick Schumacher, the three titles in the final season of the DTM competition where Gary Paffett secured the title of the driver, both the F1 Esports title and many championships in sports customers.

Career highlights

Because Wolff joined Mercedes in 2013, the team had made 66 percent of profit shares. Since the introduction of the Rules of Turbo Hybrid in 2014, Mercedes has won 89 of 121 races under Wolff’s leadership. The team has 94 of 121 pole positions, 58 front row locking and 179 of 242 possible podiums.

Wolff was the Deputy Chairperson of the Mary Bendet Foundation, which was made to commemorate schoolmates who were role models for a friend’s generation. The foundation is trying to give a child who is less fortunate with a better life. The projects include improving life conditions in child care centers, dormitories and playgrounds; Development of talents through scholarship sponsors; The centers for children who are blind and disabled to better prepare them for life in everyday society.

Success tips

“Simplicity is a very important factor in our whole lives and I try to remember to be humble and relaxed every night in front of the mirror.”

“Combination of speed, personality, and the ability to reduce emotions in both directions is good material.”

“You need the right data balance and the feeling of the intestine.”

“If you recognize mistakes, it’s more easy to free yourself from this spiral.”