Toto Wolff Net Worth: Discover how much the great racer earned over her career, not only in the racing profession but also in investment.
Learn everything there is to know about Toto Wolff Net Worth, personal life, career, and more.
Who is Toto Wolff?
Toto Wolff is an Austrian investor and motorsport executive who serves as the Mercedes AMG Petronas F1 team’s deputy team principal.
Toto Wolff began his career as a race car driver and rose to become one of the world’s highest-paid executives.
Early Life of Toto Wolff
Torger Christian “Toto” Wolff was born in Vienna on January 12, 1972, to a Polish mother and a Romanian father. His mother was a doctor. Despite originating from a poor home, he grew up in the city and attended a French school there.
Toto Wolff met and married Stephanie Wolff in the 1990s. They were parents of two children. However, the couple divorced after a decade of marriage.
Wolff is married now to Susie Wolff. The couple got married in 2011.
Susie has raced herself and was a test driver for Williams F1 in 2015. Susie is the team principal of Venturi Racing in Formula E.
Wolff and Susie have a son named Jack Wolff, who was born in 2017.
Career Life of Toto Wolff
Wolff was a racing driver himself, but he was unable to make it to Formula One. Wolff made his racing debut at the age of 20 in the Austrian Formula Ford Championship.
He began his motorsport career in the Austrian Formula Ford Championship in 1992, then moved on to the German Formula Ford Championship in 1993 and 1994. He won the 24 Hours of Nürburgring in his class in 1994.
Wolff finished sixth in the N-GT category of the FIA GT Championship in 2002, winning one race. In 2003, he moved to the Italian GT Championship, where he won a race with Lorenzo Case in 2004 while simultaneously competing in the FIA GT Championship with Karl Wendlinger.
He finished second in the 2006 Austrian Rally Championship and first in the 2006 Dubai 24 Hour. Wolff has also taught at the Walter Lechner Racing School and set a lap record in a Porsche RSR on the Nürburgring Nordschleife in 2009.
His racing career lasted until 2009 when he competed in a number of GT races. Wolff also won numerous races and had a standout year in 2006, finishing second in the Austrian Rally Championship. Wolff also taught driving at the Walter Lechner Racing School.
He owns 33% of the Mercedes-AMG Petronas F1 Team and serves as the team’s principal and CEO.
He first joined the Williams F1 team in 2009 after becoming a member of the team’s board of directors.
Mercedes has advanced to a new level under Wolff’s leadership. The squad has won eight consecutive championships.
He also purchased a 30% stake in Mercedes-Benz Grand Prix Ltd.
Let’s get into the details now about Toto Wolff Net Worth and how rich is this former racer.
Toto Wolff Net Worth
Toto Wolff is one of the world’s highest-paid sports executives, with annual wages in the millions of dollars.
The team principal of Mercedes AMG Petronas Racing, Toto Wolff, is estimated to have a net worth of $580 million. He has been with the squad for almost eight years, significantly increasing his net worth.
Furthermore, according to estimates, his pay with the team is around $8 million.
Toto Wolff has put more than $100 million into a stock portfolio.
His racing career and investments in Williams and Mercedes have contributed to his vast net worth.
Toto Wolff is paid $26 million by the Mercedes F1 Team.
Toto Wolff’s net worth has increased by 56% in the last five years.
The 50-year-old makes his money in a variety of ways, including as the CEO and Principal of Mercedes-Benz, as well as through several other businesses.