Toto Wolff Net Worth, Biography, News, FAQ
|Popular Name:||Toto Wolff|
|Real Name:||Torger Christian Wolff|
|Birth Date:||12 January 1972|
Susie Wolff (m. 2011)
|Net Worth:||$500 Million|
Austrian businessman Toto Wolff is one of the most respected chief executive officers in the industry of his interest. A motorsport executive, investor, and former racing driver, Mr. Wolff is best known for being the chief executive officer of the Mercedes-AMG Petronas F1 Team. Various internet sources peg Mr. Toto Wolff’s net worth at $500 million currently, with his sources of income including a series of profitable investments and his relationship with the motor racing sports for more than three decades. Let’s briefly go through the below article to learn about Toto Wolff’s bio, businesses, finances, relationships, assets, and other important facts.
Early Life: Childhood, Education
He was born Torger Christian Wolff on the 12th of January 1972 in Vienna, Austria to a Polish mother and a Romanian father. His mother worked as a physician. When Toto was eight years old, his father was diagnosed with brain cancer, passing away a few years later.
The young Wolff grew up in the city and had his education in a reputable French school in Vienna popularly known as Lycée Français de Vienne.
When he was 17 years old, a few years after the death of his father, Toto accompanied his friend who was a competitor at Germany’s Nürburgring circuit. It was from that moment that his interest in the sport ignited, and he decided to pursue a career for himself in it.
Professional Life: Motorsport Career
Mr. Wolff began his motorsport career in the year 1992, competing in the Austrian Formula Ford Championship. He drove in German and Austrian Formula Ford during his first three years in the sport. But his racing career was short-lived. According to a big reveal by the CEO, Toto claims that running out of money after sponsors stopped bankrolling him along with seeing younger and more talented racers made him decide to quit his profession behind the wheel.
It was in the year 2009 that he started making some serious income. That year, he purchased a lucrative share of the Williams Formula One Team and also joined the board of directors. Then, he became the executive director of Williams F1 after a few years. However, he left after a brief time to join the Mercedes AMG Petronas Formula One Team as the executive director. He also acquired a 30 percent share of Mercedes-Benz Grand Prix Ltd. Coinciding with that acquisition, Mr. Wolff took over the management of all Mercedes-Benz motorsport activities.
In 2020, the retired racecar driver signed a new lucrative deal with Mercedes to continue as team principal owner and chief executive officer through at least 2023. He has also branched out to get involved with several other business ventures outside of motorsport. The investor established a pair of investment companies by the names of Marchfifteen and Marchsixteen in 1998 and 2004 respectively. Since the turn of the century, his investment companies have invested in small/medium-sized industrial and listed companies. Most notably, they invested in the German business HWA AG, of which Mr. Wolff later bought a 49 percent stake.
To include, Toto Wolff is the co-owner of a well-known sports management company. In April 2020, he paid an undisclosed amount of money to acquire a 4.95 percent stake in Aston Martin Lagonda Global Holdings.
Mr. Wolff who formerly served as a director and chief executive officer of the Mercedes EQ Formula E Team for several years is currently the vice-chairman of the Mary Bendet Foundation, a non-profit organization that aims to improve the quality of life for deprived children.
Achievements: Awards & Honors
In May 2021, Cranfield University awarded Mr. Wolff an Honorary Doctorate degree for his services to Motorsport. In November of the same year, he was appointed to an Associate Fellowship of the Oxford Saïd Business School for a two-year period to transfer his understanding of high-performance culture, personal effectiveness, team leadership, and other suitable attributes both from his private life and from the racetracks into the classroom.
Personal Life: Wife, Children, Residence, Height, Weight
Mr. Wolff is the husband of the beautiful Susie Wolff, the mother of his children. The family lives in the capital of Germany near the headquarters of Toto’s companies.
The 50-year-old towers standing at approximately 196 centimeters and has a weight of around 86 kilograms. He takes care of his body by eating healthy and maintaining an appropriate exercise routine.
He speaks fluent German, Polish, English, French, Italian, and Spanish.
Social Media: YouTube, Instagram, Twitter
Currently, there’s no known YouTube channel associated with the former racecar driver’s name and brand. However, he is quite famous on social media sites like Instagram where the Mercedes-AMG Petronas F1 Team
shares picture and video materials to their over 9 million followers.
To go along with that, his wife Susie has a whopping 500,000 followers on her Instagram page as well as nearly 200,000 followers on her Twitter.
Toto Wolff Net Worth: Salary, Income Sources, Brands
The business executive’s net worth figure of $500 million has been accumulated over the past couple of decades. The vast majority of Toto Wolff’s net worth has come from his companies and corresponding investments which ensued after retiring from being a racing driver. His latest contract with Mercedes that will see him continue as team principal owner and chief executive officer through at least 2023 is reported to fetch him roughly $8 million annually for maintaining those positions. Additionally, extra income boosters for this chief executive include brand promotions for a number of apparel and energy drink companies.