How Rich is Toto Wolff?
Toto Wolff Net Worth 2022: Toto Wolff has achieved what many racing drivers and mere mortals would not even dare to dream of. Not only his career as a racing driver, which he has now given up, has fulfilled him. Even as a clever businessman, he appeared as one of the richest Austrians. Toto Wolff’s estimated net worth is $540 Million.
Toto Wolff Net Worth 2022
| Estimated Value | $540 Million |
| Place of Residence | Ermatingen on Lake Constance, Switzerland |
| Shares in Mercedes AMG F1 Team | 30% |
| Shares in Aston Martin | 0.95% |
| Birthdate | January 12, 1972 (50 years old) |
| Born in | Vienna, Austria |
| Nationality | Austria |
| Marital status | Married to Susie Wolff (since 2011) |
| Job | Investor, Head of Mercedes Motorsport |
| Full name | Torger Christian Wolff |
| Nickname | Pool |
| Children | 3 |
While he still won the 24-hour race in Dubai in 2006, the multi-millionaire founded his venture capital company Marchfifteen back in 1998. He doesn’t only have his money with motorsport, but also with clever investments in various technologies – as well as Internet companies earned. Toto Wolff’s estimated net worth is $540 Million.
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Participation in the Mercedes AMG Petronas F1 Team
When the longstanding motorsport director Norbert Haug (22 years old) left the Mercedes Formula 1 team, Toto Wolff took over the helm. In the same year, Wolff and his business partner (Rene Berger) even secured a 30 percent stake in the Mercedes racing team, so that the success or failure of the team also has financial consequences for them.
However, Toto Wolff, whose real name is Torger Christian Wolff, is not only committed to racing. Toto Wolff, together with his wife Susie, whom he married in autumn 2011, cares about the well-being of the children. Finally, the financially strong investor also appears as chairman of the Mary Bendet Foundation.
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Disadvantaged children should benefit from the efforts of this foundation, which also works for disabled and blind children so that they can find an easier start in their later adult life. Toto and Susie Wolff have a son together named Jack who was born in April 2017. Toto also has two children from his previous marriage to Stephanie.
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Shares in Aston Martin
In April 2020 it was announced that Wolff had joined the British sports car manufacturer Aston Martin. For 40 million euros, he secured around 0.95% of the traditional company, which is also planning a return to Formula 1.
According to the statements by Mercedes, the participation should not contradict his commitment to the Mercedes Formula 1 team, since Daimler itself has held shares in the British company since 2013. A few months before the Austrian’s investment, his friend Lawrence Stroll (assets of 2.71 billion euros) joined Aston Martin with 600 million euros, he will also become CEO.
From Racing Driver To Formula 1 Boss at Mercedes
Toto Wolff has had a steep career. For the Austrian, everything started with Formula Ford. At the age of 20, Toto celebrated his debut as a racing driver. Even if he achieved various victories, his racing career was certainly not comparable to that of Michael Schumacher.
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After all, he was able to secure the title of Vice State Champion at the Austrian Rally State Championship in 2006. In 2009 the racing driver also set a lap record on the Nordschleife of the Nürburgring. In just 7:03 minutes he raced over the tarmac in a Porsche 997 GT3 RSR – a new record for vehicles without a turbo unit.
Toto Wolff and His Fortune
It is all the more astonishing that Toto Wolff only became enthusiastic about motorsport at the age of 17. Because many successful personalities from racing had already dedicated themselves to this sport in their childhood days. However, Niki Lauda, for example, did not drive his first race until he was 19.
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Toto Wolff was very fortunate to have a friend who let his great love of motorsport blossom in him. The Austrian now lives in his adopted country of Switzerland on the picturesque Lake Constance.
Facts About Toto Wolff
The fact that Toto Wolff never completed his studies obviously did not stop him from amassing millions. Toto Wolff himself says that a large part of his success is based on his interpersonal skills.
For example, they help him to select the right people for the most diverse positions within a company and thus drive the company’s success. If he can bear this risk well with investment, then he invests. The fact that he was often in the right place at the right time is not only due to his skills but also to a stroke of luck. Blessed be he!
