An Austrian investor and motorsport executive, Torger Christian “Toto” Wolff, aka Toto Wolff, has an estimated net worth of $540 million as of February 2023, making him the richest F1 Team Principal in the paddock. In addition to being an investor, he is also a former racing driver.
Anyone with even minor knowledge of Formula One knows who Toto is.
As of 2022, Toto holds a 33% stake in the Mercedes-AMG Petronas F1 Team, a 3% hike from where he started off. Similarly, he serves as the Team Principal and CEO of the team.
The Team Principal, Toto, has unparalleled expertise and business judgment, moving from business to business, project to project, he finds and fixes problems garnering a cool sum in the process.
Having started his racing career in the German Formula Ford Series and Austrian Formula Ford Championship, Toto won his category in the 1994 24 Hours Nürburgring.
The young Toto perfected his craft as an investor during the time when he worked as a banker in Warsaw, Poland, way before he got into the racing scene.
Toto Wolff | Quick Facts
|Full Name||Torger Christian “Toto” Wolff|
|Known As||Toto Wolff|
|Birthdate||12 January 1972|
|Age||51 Years Old|
|Current Residence||Thurgau, Switzerland|
|Father’s Name||Not Known|
|Mother’s Name||Not Known|
|Sibling||Sister (Suzanne Wolff )|
|Spouse||Susie Wolff (m. 2011-Present)|
|Children||Benedict Wolff, Jack Wolff & Rosa Wolff|
|Height||1.96 m/6 ft. 5 in/196 cm|
|Weight||203 lb./92 kg|
|Eye Color||Dark Brown|
|Languages||German, English, French, Italian, and Polish|
|Ethnicity||Mixed (Polish Mother and a Romanian Father)|
|Profession||Motorsport executive, Investor, and Former Racing Driver, CEO of the Mercedes-AMG Petronas F1 Team|
|School||Lycee Français de Vienne|
|College||Vienna University of Economics and Business|
|Salary||8 Million Euros ($8.49 Million)|
|Net Worth||$540 Million|
|Achievements, Awards & Honors||Honorary Doctorate from Cranfield University|
|Social Media||Instagram, Facebook, Twitter|
|Last Update||February 2023|
Toto Wolff | Early Life & Education
The Team Principal and CEO of the Mercedes-AMG Petronas F1 Team, Toto Wolff, originally Torger Christian “Toto” Wolff, was born on 12 January 1972 in Vienna, Austria.
Toto is quite tight-lipped about his personal affairs, but it is known that he is of Jewish heritage and his father was Romanian, and his mother was Polish.
Toto was brought up in a well-off household and attended a prestigious French school, Lycee Francais de Vienne.
His father was diagnosed with brain cancer when Toto was just eight. He took the news quite hard, and like it was not enough, his physician mother left his father following his diagnosis.
At least he had his dad with him, but when he died of the disease during Toto’s adolescence, he lost the only pillar of support he had.
Moving on, after completing his high school education, Toto went to the Vienna University of Economics and Business to advance his studies.
Nonetheless, he never completed his college education, dropping out to focus on business and investments.
Toto Wolff | Career
From a humble beginning in Vienna, Austria, Wolff’s first taste of motorsport came at 17, when he watched a friend compete at the Nürburgring in Germany.
However, at the time, he thought he was not talented enough for racing and was too tall for cars. In a lateral move, Toto went into banking, working in Poland. During his time as a banker, he perfected his craft and as an investor.
He began his career in motorsport in 1992 in the Austrian Formula Ford Championships.
Toto was in his early 20s when he began his single-seater racing career, which was short-lived. He has successfully competed in national rallying, world championship GT racing, and touring cars.
He won the 24 Hours Nürburgring in 1994. Similarly, he won one race in the FIA GT Championship and finished sixth in the N-GT category of the championship.
In 2003, he switched to the Italian GT Championship. He won a race in the FIA GT Championship in 2004 with Lorenzo Case.
He won the Dubai 24 Hour in 2006 and finished as a runner-up in the Austrian Rally Championship the same year.
Toto Wolff | Susie Wolff
Toto Wolff is married to his wife, Susie Wolff.
Susie Wolff, aka Suzanne Wolff, is a British former professional racing driver and the former Venturi Racing CEO.
She was born on 6 December 1982 in Oban, Scotland, to her parents, John and Sally Stoddart. Her parents owned a motorcycle dealership in Oban.
She started karting at the age of eight and was named the British Woman Kart Racing Driver of the Year in 1996.
Susie was signed to Formula One by Williams in 2012. She made history at the 2014 British Grand Prix, becoming the first woman to partake in a Formula One race weekend in 22 years.
In November 2015, Susie competed at the Race of Champions, her last motorsport competition.
The following year she joined Channel 4 to be an analyst for their F1 coverage.
Similarly, she joined Venturi Racing in Formula E in 2018 and was promoted to the role of CEO in 2021.
However, she stepped down from her position and departed from Venturi and Formula E in August 2022, following the Season 8 finale in South Korea.
Toto Wolff | Family & Children
Toto married his second wife, the former CEO of Venturi Racing Susie Wolff, in 2011. They live in Monaco.
Toto reportedly proposed to Susie on a boat in Venice. The couple shares a son named Jack Wolff together. Susie announced the childbirth on 11 April 2017 via her Twitter.
However, not many people know this but Toto was formerly married to his ex-wife Stephanie.
Toto and Stephanie were married for ten years, and the pair had two children together; Benedict Wolff and Rosa Wolff.
Toto Wolff | Net Worth & Ventures
As of February 2023, one of the most successful team bosses in history, Toto Wolff, has a net worth of $540 million.
He has garnered his wealth through his motorsport career as well as his business endeavors.
As mentioned before, Toto perfected his craft as an investor during his time as a banker in Warsaw.
After Warsaw, everything changed. He thought of starting his own firm, and the first of these was Marchfifteen, a company founded in 1998, which was later succeeded by Marchsixteen in 2004.
Even though the exact investments on these companies seem shrouded in mystery, rest assured that it was these two firms that rode the dot-com bubble and transitioned into other sectors before the bubble crash.
With the success of the firms, Toto also invested in race engineering across both touring and rally cars.
His business mind came in handy when he acquired a 49% share in the Mercedes DTM racing team, which got listed on the Frankfurt Stock Exchange in 2007, netting him a huge sum.
Toto currently serves as the executive director at Williams F1 and is a stakeholder in Aston Martin.
Besides, he holds a 33% stake in the Mercedes-AMG Petronas F1 Team and is the CEO of the team.
He initially started with only a 30% stake in the team, but it was hiked to 33% on equal footing with Daimler AG and INEOS.
If you don’t know what this means, then you will be surprised to know that every piece of Merc F1 merchandise cut goes to Toto’s pocket.
So How Much Does Toto Make Each Year?
While there are no exact figures on his yearly income, some sources have claimed that he makes close to $9 million each year.
But take that with a pinch of salt.
Because the man has multiple business ventures flooding money right into his bank account and considering only a few sources may give people the wrong and inaccurate information.
Toto Wolff | Cars
Well, the richest Team Principal in the world, Toto Wolff, has a heck of a car collection, obviously.
However, he downsized his collection in 2021, auctioning a few of the mechanical masterpieces that were sitting in his garage.
The most impressive cars at the auction were LaFerrari Aperta, a Ferrari Enzo, and the Mercedes SL65 AMG Black Series.
The SL65 AMG Black Series was the car Toto helped develop and was the most powerful Mercedes production car at the time.
Talking about the cost of these cars, well, LaFerrari Aperta costs about $4.5 million, the SL65 Black Series is a relative bargain at a mere $319,585, and the Enzo goes for north of $1.5 million.
Aside from these, he has been seen driving a $1.4 million Mercedes Benz with a gullwing door.
- Wolff occasionally attends Formula E races. He once served as a Director and CEO of the Mercedes EQ Formula E Team.
- In February 2022, Harvard Business School performed a case study on Toto’s leadership of the Mercedes-AMG Petronas F1 Team, which was authored by Anita Eberse.
- In May 2021, for his services to Motorsport, Toto was awarded an Honorary Doctorate from Cranfield University.
Frequently Asked Questions (FAQS)
How many languages does Toto Wolff speak?
Toto Wolff speaks five different languages fluently. He speaks English, German, French, Polish, and Italian.
Is Toto Wolff a billionaire?
Several online sources have claimed Toto to be a billionaire, but his current net worth is $540 million.
Does Toto Wolff own Mercedes?
Well, he is the Team Principal & CEO of the Mercedes-AMG Petronas F1 Team. He does not own the whole Mercedes Benz.