Torger Christian “Toto” Wolff is an Austrian billionaire motorsport executive, investor, and former race car, driver. He owns 33% of the Mercedes-AMG Petronas F1 Team and is the team’s Team Principal and CEO.
The Early Life of Toto Wolff
Wolff was born in Vienna, Austria, on January 12, 1972. Torger Christian Wolff is his real name. His Polish father and his Romanian mother, who was a doctor, raised him and his sister.
When he was only 8, his father was taken to the hospital because he had cancer. After finding out that his father was sick, his parents broke up. When Toto was a teen, his father died of the disease. Even though he came from a poor family, he grew up in the city and went to a French school there. He and his sister probably stopped going to school when their father got sick.
The Professional Life of Toto Wolff
Wolff had a career as a racing driver, but he was never able to make it to the top level of competition in Formula One. In the Austrian Formula Ford Championship, which he competed in for the first time when he was 20 years old, Wolff made his debut in the world of racing. His career as a race car driver lasted until 2009, and during that time he competed in a number of GT races.
In addition, Wolff was successful in winning a number of races, as well as having a great year in 2006 in which he placed second in the Austrian Rally Championship. In addition to this, Wolff took on the role of driving teacher at the Walter Lechner Racing School.
After that, in 2009, he moved on to purchase stakes in the Williams Formula One team. After another three years, he was promoted to the position of executive director of the team. A short time later, in 2013, Wolff became the executive team director of Mercedes AMG Petronas after purchasing a thirty per cent ownership in the company.
By the end of 2016, Wolff was a shareholder in both Williams and Mercedes AMG Petronas. Following that, he made the decision to sell all of his shareholding in the Williams F1 team.
Mercedes has attained an entirely new level of success with Wolff serving as the team principal. The squad has been victorious in each of the last eight titles.
What is the Net Worth of Toto Wolff?
Toto Wolff is an Austrian businessman and a former racer in the world of racing. These days, he invests his time and energy in various commercial and financial opportunities.
He established the Mercedes AMG Petronas Formula One team in 2009, and he currently holds the positions of CEO and Principal for that organization. By the year 2022, Toto Wolff’s net worth will have increased to 570 million dollars.
It may come as a shock to some fans of Formula One to find that he is even wealthier than Lewis Hamilton, who is estimated to be worth a staggering $285 million.
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Toto Wolff has a total number of 15.2k Instagram followers.
Married Life of Toto Wolff
Wolff has been married to his wife, Susie Wolff, since 2011. Susie has raced before, and in 2015 she was a test driver for Williams F1. Susie is the team principal of Venturi Racing, a Formula E team.
Jack Wolff, Wolff’s kid, was born in 2017 to Wolff and Susie Wolff. Wolff has two children from a previous marriage, according to reports. His previous wife and children’s identities have remained a mystery.
Toto Wolff Cars and House
Toto Wolff sure knew how to show off his wealth in style. He once said that he doesn’t know how many cars he owns at the moment. On his list of elite cars is the 1957 Mercedes-Benz 300 SL.
Mercedes Benz 300, Mercedes AMG G TR, Mercedes AMG GT, Mercedes Benz SLS AMG, Mercedes Benz GLC, Mercedes X-Class, Mercedes Benz G-Class, Mercedes Benz C-Class, Bugatti Veyron, and a Maserati Granturismo.
Toto Wolff has two homes, one in Oxfordshire, England, and the other in Emratingen, Switzerland. Toto Wolff and his wife Susie Wolff are said to live in a house in Northants.
Frequently Asked Questions
Where did Toto Wolff’s money come from?
Toto Wolff is a well-known businessman who has put money into many technology companies. Toto Wolff is also a third owner of the Mercedes F1 Team.
How much does Mercedes get paid by Petronas?
In 2018, 208 companies gave money to 239 teams through sponsorship deals. The biggest deal was the title sponsorship of Mercedes by Malaysian oil company Petronas, which is worth an estimated $75 million per year.
How much does Mercedes pay Toto Wolff?
Mercedes F1 Team pays Toto Wolff a salary of $26 million dollars.