Toto Wolff is an Austrian billionaire motorsport executive and former racing driver who is currently team principal and CEO of the Mercedes-AMG Petronas F1 team. Wolff started his career in the Austrian Formula Ford Championship in 1992 and the German Formula Ford Series in 1993/94 before starting his career as an investor in Marchfifteen in 1998 and Marchsixteen Investments in 2004 which focused on Internet and Technology companies.
In 2009, Toto Wolff bought a 16% stake from the Williams team, where he joined the board of directors subsequently in January 2013 he left Williams and joined Mercedes AMG Petronas F1 team and became executive director of the team as well, where he acquired 30% stake of the company.
Under him from 2014-21, Mercedes dominated F1 by creating all-time records for consecutive championships. Wolff's team also won more than half of the races that took place in that duration. Toto Wolff's part of car collection includes a Mercedes-Benz SL 65 AMG Black Series, and two Ferrari's which came for sale in public.
Date of Birth: 12 Jan 1972
Height: 6 feet 5 inches (1.96 m)
Toto Wolff was also the CEO and director of the Mercedes EQ Formula E team. Toto Wolff's net worth is estimated to have crossed the threshold of $1 billion. The major reason for his high net worth is estimated to be due to the 30% initial stake that he bought for $30 million at the time of arrival and currently, the annual turnover of the company in 2022 was reported to be $450 million.
The huge increase in the value of F1 as a brand and Mercedes's incredible success post-2014 have bought a huge rise in the value of his net worth. The value of Mercedes was estimated to be $170 million in 2013 and currently, the value is estimated to be $1.5 billion overall.