Toto Wolff Net Worth 2022 | Biography, Income, Career, Cars

Net Worth$540 million
Age50 years old
Date of BirthJanuary 12, 1972
Country/State of OriginAustrian
Source Of WealthStocks, leadership positions, shares, driving
CareerRacing Driver
Marital StatusMarried
Height1.96m
Wikipediahttps://en.wikipedia.org/wiki/Toto_Wolff

Toto Wolff Net worth

Toto Wolff’s net worth is $540 million (£410 million in the United Kingdom). Toto Wolff owns a 33 percent stake in the Mercedes-AMG F1 Team and serves as Team Principal and CEO.

Toto Wolff is one of the world’s highest-paid sports executives, with annual earnings in the millions of dollars.

Introduction

Toto Wolff is an Austrian investor and motorsport executive who serves as the Mercedes AMG Petronas F1 team’s deputy team principal.

He first joined the Williams F1 team in 2009 after becoming a member of the team’s board of directors.

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Early life

Wolff was born in 1972 in Austria and had a difficult childhood, losing his father to brain cancer during his school years.

After a brief stint in motorsport, in which he won the 24 Hours of Nürburgring in 1994, Wolff moved on to Formula One, where he became executive director of Williams F1 in 2012.

During his tenure, he oversaw Williams’ last Formula One victory, with Pastor Maldonado winning the Spanish Grand Prix.

Wolff joined Mercedes in 2014, where he is still CEO and Team Principal, as well as owning a 33% stake in Mercedes F1. Mercedes has dominated the sport during his tenure, winning eight consecutive Constructors’ Championships since 2014.

The 47-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 investments.

One of these is a sports management company that Wolff co-owns with Mika Hakkinen and was involved in the management of Valtteri Bottas, who went on to race for Mercedes in Formula One under Wolff.

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Toto Wolff Net Worth | Career

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. His racing career lasted until 2009 when he competed in a number of GT competitions.

Wolff also won several 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.

In 2009, he purchased shares in the Williams F1 team. He was promoted to executive director of the team three years later. A year later, in 2013, Wolff purchased a 30% stake in Mercedes AMG Petronas and was appointed executive team director.

Wolff was a shareholder in both Williams and Mercedes AMG Petronas until 2016. Following that, he decided to sell his shares in Williams F1.

Mercedes has advanced to a new level under Wolff’s leadership. The team has won eight consecutive championships.

Family

Wolff was born in Vienna, Austria on January 12, 1972. He was born to a Romanian mother and a Polish father. However, when his father was diagnosed with brain cancer, he was only eight years old. Wolff’s parents divorced following the diagnosis, and his father died when Wolff was in his early teens.

Wolff is married to Susie Wolff, and the couple married in 2011. Susie has raced in the past and was a test driver for Williams F1 in 2015. Susie is the team principal of Venturi Racing in Formula E at the moment.

Wolff and Susie have a son together named Jack Wolff, who was born in 2017. Wolff is also said to have two children from his previous marriage.

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Luxury life

Toto Wolff has a three-story parking garage at his home where he keeps his car collection. Toto Wolff owns some of the world’s most expensive and luxurious automobiles. Toto Wolff’s car collection is detailed below.

  • Cayman 718 Porsche
  • Mercedes-Benz AMG GT
  • GT-R (Nissan GT-R)
  • Shelby Mustang GT500 by Ford
  • McLaren 720S
  • X8 BMW
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Toto Wolff resides in an 18,000 square foot ultra-luxury mansion in Switzerland. Toto Wolff paid $62 million for his property.

Toto Wolff’s home includes the following features:

  • Three Swimming Pools
  • The Bowling Alley
  • The Home Bar
  • Court for Tennis
  • The Wine Cellar
  • Home Cinema
  • There are 11 bathrooms.
  • There are eight bedrooms.

Toto Wolff is the owner of three luxury yachts and two mega yachts. Each of these yachts is worth between $15 and $20 million.

Awards & Achievements

The best of Toto Wolff’s awards and achievements are-

  • He won his class in the 1994 Nürburgring 24 Hours and later competed in the FIA GT Championship and the Italian GT Championship.
  • 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 also competing in the FIA GT Championship with Karl Wendlinger.
  • Wolff 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.
  • Wolff is the only Team Principal to have won more than five consecutive double world championships as of 2019.

Quotes

Toto Wolff Quotes

  • Humility is a super-important factor in all of our lives, and I try to remind myself every evening in front of the mirror, ‘Just calm down.’
  • Sometimes you are lucky, sometimes you’re unlucky. It all weighs out at the end. That is my experience at least.
  • Emotions run high when you have a bad day; you can’t hide it.
  • By admitting a mistake, it is easier to get yourself out of a spiral.
  • We must be relentless and resilient.
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Summary

The team principal of Mercedes AMG Petronas Racing is estimated to have a net worth of $540 million. He has been with the team for over 8 years, which has significantly increased his net worth.

Furthermore, according to reports, his salary with the team is around $8 million. His racing career, as well as investments in Williams and Mercedes, have contributed to his massive net worth.

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Frequently Asked Questions  on Toto Wolff Net Worth

How much money does Toto Wolff make per year?

Toto Wolff earns a salary of $35 million per year.

Where did Toto Wolff make his money from?

Toto Wolff is a well-known entrepreneur who has invested in a number of technology companies. Toto Wolff also owns one-third of the Mercedes F1 Team.

How did Toto become so wealthy?

Toto Wolff began his career as a race car driver and rose to become one of the world’s highest-paid executives.

What is Toto Wolff's salary at Mercedes-Benz?

Toto Wolff is paid $26 million by the Mercedes F1 Team.

What is Toto Wolff’s net worth?

Toto Wolff has a net worth of $540 million USD.

How much did Toto Wolff invest in Mercedes?

Toto Wolff invested $50 Million into the Mercedes F1 Team for a 33% Stake. 

References 

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