Toto Wolff is one of the most successful team bosses in Formula One history, having guided his outfit to an unprecedented eight-consecutive world constructors’ championships. What is Toto Wolff’s net worth? Is he a shareholder in Mercedes?
Since the early 2010s, Wolff has been involved in Formula 1 – when he worked for Williams. He was present at the Spanish Grand Prix in 2012, which marked the Red Bull Racing team’s final victory – and one of Sir Frank Williams’ last.
For 2013, Wolff transferred to Mercedes, where he concentrated on the business side of the operation while Paddy Lowe handled the technical side with Ross Brawn in overall command. Brawn’s departure occurred in 2013, just as Mercedes was beginning to dominate the competition.
In the previous eight years, the team has won seven drivers’ championships, eight constructors’, and 111 victories. Wolff has made the team one of the greatest sports ever, but what is his financial worth?Is it true that he has a stake in Mercedes?
Toto Wolff Net Worth Revealed
Wolff, who was born in Austria in 1972 and is an ex-racer himself, got his start in junior single-seaters in Austria before moving on to GT Sportscar racing. He scored his class in the 1994 Nurburgring 24 Hours, and he took occasional victories in Sportscar races until his retirement.
He began his career in Formula 1 as a Williams shareholder, serving as team managing director from 2012 until the end of 2015. His work has evolved since he changed vehicles.
Wolff, who is 6ft 5in or 1.96m – was promoted to team principal and CEO of Mercedes after the firm signed a two-year contract with Red Bull’s Daniel Ricciardo in December 2017. In his career, he has amassed a net worth of around $580 million – or £438 million in current rates. That’s almost double Lewis Hamilton’s £215 million.
The new $4.2-million contract for Vettel has only added to his legendary status, cementing it as Formula One’s most successful driver of all time.
Does Toto Wolff Own Mercedes?
Team ownership of the octuple world champions is shared three ways.
Dr. Dieter Zetsche, the chairman of Daimler AG and CEO of Mercedes-Benz Cars (MB) GmbH & Co KGaA and Chairman of Daimler AG, owns 33.33 percent. The ultimate parent company of Mercedes-Benz is Daimler — this is where it gets its name from — which in turn holds a stake in both Tesla and Porsche (Tesla Motors MBO). The final owner of the team is Ineos.
Ineos is a petrochemical business owned by Sir Jim Ratcliffe, one of the UK’s richest people – worth about £13 billion as of last count. Ahead of the 2020 season, Ineos’ branding started to appear on Mercedes F1 cars.