Torger Austrian Christian “Toto” Wolff is a millionaire CEO, businessman, and former racing driver in the motorsport industry. His birthdate is January 12, 1972, in Vienna, Austria.
He is the Team Principal and CEO of the Mercedes-AMG Petronas Formula One Team, in which he has a 33 percent ownership.
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Toto Wolff Net Worth
Wolff’s wealth is estimated to be over $580 million, the bulk of which derives from his holdings in Mercedes F1. Forbes estimates the value of the powerhouse squad at over $1 billion for 2019, and with F1’s cost ceiling and $200 million entrance fee in place, that number is only expected to rise. Must read about this article Hailey Bieber Net Worth.
Nevertheless, that’s not Wolff’s sole connection to Formula One. Since then, his once 4.95 percent ownership in F1 team owners Aston Martin Lagonda has been diminished to less than 1 percent. His 5% investment in the Williams F1 team was sold to Dorilton Capital when the club was acquired by that firm in 2020.
The best scenario for #LFC is if Toto Wolff and Jim Ratcliffe partner up to invest in shares for Liverpool. We would then have the CEO of Ineos running the business side and the CEO of Mercedes F1 Team running the sporting side.
Ratcliffe's net worth is around 5x of John Henry. https://t.co/lFkemuUOeG pic.twitter.com/lkVVGf58E4
— T J A (@TJAndrews93) November 7, 2022
In 1992, Wolff participated in the Austrian Formula Ford series, and after competing in several European series, he founded March fifteen, an investment firm, in 1998. In 2004, Marchsixteen joined them, also concentrating on tech firms while expanding into new areas such as industry and public stock listings.
His Wife Lands First F1 Job After Mercedes Chief Made Not Realistic Comments.
The new F1 Academy’s managing director, Susie Wolff, will help the sport find its first female driver in decades. Wolff, wife of Mercedes head Toto Wolff, will promote women’s advancement in motorsport’s current series.
The 40-year-old ex-driver will report to F1 president and CEO Stefano Domenicali. She will oversee the F1 Academy, which replaces the W Series with five teams, 15 drivers, and 21 F1 races.
She will cultivate female motorsport potential and create a viable F1 pyramid pathway. After topping all-female divisions, drivers like Jamie Chadwick are expected to advance.
She founded Dare To Be Different in 2016 to encourage more women to race in F1. Despite their strong barnyard relationship, she has occasionally disagreed with her husband.
After retiring from racing to become Venturi’s team principal, Wolff has extensive motorsport experience. The Scot joined Williams as a development driver in 2012 and practiced in 2014.
After retiring from racing to lead the Formula E team Venturi, Wolff has extensive motorsport expertise. The Scot joined Williams as a development driver in 2012 and practiced in 2014. Must read about this article Shania Twain Net Worth.
That year, Toto Wolff told the Financial Times that Susie was close to matching Felipe Massa’s pace at Williams but “the final chance was denied,” calling a woman’s F1 debut “not realistic”. She appears determined to disprove him.
“The F1 Academy allows encouraging meaningful change in our business by building the finest possible structure to uncover and nurture female talent on their road to the elite levels of motorsport, both on and off the racetrack,” Wolff told Formula 1’s official website.
“There is a lot of work to do but also a strong resolve to get this right. So, the F1 Academy can represent more than racing. It can inspire women worldwide to chase their aspirations and realize that skill, passion, and determination can achieve anything.
“This is also the start of an important new chapter in my career, combining my experience and enthusiasm for diversity and empowerment, therefore I would like to thank Stefano for entrusting me with a responsibility that means as much to me personally as professionally.”
Only five women have entered a Grand Prix weekend, and the last, Giovanna Amati in 1992, didn’t start. Wolff has a lot of work to do to get female drivers into F1. Lella Lombardi was the last to race in 1976.