Toto Wolff’s Net Worth, Salary, and Personal Life.
Toto Wolff is the deputy team principal of the Mercedes AMG Petronas Formula One team. He is an Austrian investor and motorsport executive.
He first joined the Williams F1 team in 2009 after becoming a member of the board of directors and purchasing stakes in the team.
In May 2021, Wolff received an Honorary Doctorate from Cranfield University for his contributions to motorsport. He specializes in strategic investments in mid-sized industrial and publicly traded firms, such as Williams F1 and HWA AG in Germany.
In the Austrian Formula Ford Championship and the German Formula Ford Series, he began his motorsport career. He won his class at the 1994 Nürburgring 24 Hours and went on to compete in the FIA GT Championship and the Italian GT Championship.
Wolff started Marchfifteen in 1998 and Marchsixteen Investments in 2004, both of which focused on Internet and technology companies at the time.
Let's look at his net worth, personal life, and other details.
Toto Wolff's Net Worth and Salary:
The team principal of Mercedes AMG Petronas Racing is estimated to have a net worth of roughly $580 million. He has been with the squad for almost 8 years, which has added significantly to his net worth. Furthermore, according to estimates, his pay with the squad is around $8 million. His racing career, as well as investments in Williams and Mercedes, have helped him amass such a large fortune.
Toto Wolff's Racing Career:
Wolff was a racing driver, although he never made it to Formula One. Wolff made his racing debut in the Austrian Formula Ford Championship when he was 20 years old. His racing career lasted until 2009 when he competed in a number of GT events. Wolff won several races and had a memorable year in 2006, finishing second in the Austrian Rally Championship. Wolff went on to teach driving at the Walter Lechner Racing School.
In 2009, he purchased interests in the Williams Formula One team. He was promoted to executive director of the team three years later. In 2013, Wolff became the executive team director of Mercedes AMG Petronas after purchasing a 30% stake in the company. Until 2016, Wolff owned interests in both Williams and Mercedes AMG Petronas. After that, he chose to sell his Williams F1 stock.
Mercedes has risen to a new level under Wolff's leadership as team principal. The squad has won eight championships in a row.
Toto Wolff Personal Life:
Wolff, Toto Wolff was born on the 12th of January, 1972, in Vienna, Austria. He was born to a Romanian father and a Polish mother. His father, on the other hand, was diagnosed with brain cancer when he was just eight years old. Following the diagnosis, Wolff's parents divorced, and his father died when Wolff was in his early teens.
Wolff is married to Susie Wolff, with whom he has been since 2011. Susie has experience as a racer and was a test driver for Williams F1 in 2015. Susie is the team principal of Formula E team Venturi Racing.
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Toto Wolff's wife is Susie Stoddart Wolff, with whom he married in 2011. Susie Wolff, Wolff's second wife, is the Principal of the ROKiT Venturi Racing Team in Monaco. Aboard his way to the airport in Venice, he proposed on a boat. They tied the knot in October of 2011. Susie announced on Twitter on April 11, 2017, that she had given birth to their first child the day before. From his first marriage to Stephanie Travers, he has two children.
Toto Wolff's Family:
Wolff and Susie Wolff have a son named Jack Wolff, who was born in 2017. Wolff is also said to have two children from a previous marriage. Further information about his prior wife and children has not been made public.
Toto Wolff Cars:
Toto Wolff's car collection is stored in a three-story parking garage at his home. Toto Wolff has some of the world's most valuable and luxurious automobiles. The following is a list of Toto Wolff's automobiles. Also, see George Russell's estimated net worth.
- Porsche Cayman 718
- Mercedes-AMG GT is a sports car manufactured by Mercedes-Benz.
- Ford Shelby Mustang GT500 Nissan GT-R
- BMW X8 McLaren 720S
Toto Wolff's Ultra-Luxury Estate in Switzerland:
Toto Wolff lives in an 18,000-square-foot ultra-luxury mansion in Switzerland. Toto Wolff has paid $62 million for his home. Toto Wolff's home has the following features.
Toto Wolff’s Luxury Yacht:
Toto Wolff is the owner of three luxury yachts and two mega yachts. Each of these yachts is valued at between $15 and $20 million. Toto Wolff enjoys his vacations onboard his yachts.