Toto Wolff is an Austrian motorsport executive, entrepreneur, investor, and former racing driver. He is best known as the Managing Director of the Mercedes AMG Petronas Formula One Team. During his racing career, he won races such as the 1994 24 Hours of Nurburgring and competed in the FIA ​​GT and Italian GT Championships. So what is Toto Wolff’s net worth?

Toto Wolff began his career as a race car driver at the age of seventeen, before moving into business and investing. He is the founder of incubator-style startups Marchfifteen and Marchsixteen. His investment career revolves primarily around internet and technology companies, mid-sized industrial companies and publicly traded companies.

Profile summary

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What is Toto Wolff’s net worth?

According to this Forbes And Crash.NetThe former racing driver is claimed to have a net worth of $1.6 billion, amassed through his successful career as an investor, motorsport executive and racing driver.

How did Toto Wolff make his money?

Alongside his successful Formula One career, Wolff has also been successful in other business ventures, including investment companies Marchfifteen and Marchsixteen, which focus on medium-sized industrial and public companies. His wealth has increased significantly due to his 33% stake in the Mercedes-AMG Petronas Formula One Team.

Toto Wolff’s age and background

The Australian investor was born on January 12, 1972, in Vienna, Austria, as Torger Christian Wolff, but currently resides in Monaco. As of 2024, he is 52 years old. His zodiac sign is Capricorn. What language does Toto Wolff speak? Wolff is multilingual and can speak German, English, French, Italian, and Polish fluently.

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Toto is an Australian citizen of Polish-Romanian descent. His parents are Joanna Bednarczyk, a Polish anaesthetist, and Sven, a Romanian entrepreneur. Wolff’s father was diagnosed with brain cancer when he was eight years old. His parents separated following his father’s diagnosis. Sven died of the disease in May 1987, when Wolff was fifteen.

He spoke about the tragedy of losing his father in 2023. He said:

My father, as I recall, had brain cancer and battled it for 10 years and eventually died when I was 15. Back then, as a child, you needed a father. That wasn’t the case for me. We were struggling financially and that didn’t help.

He continued:

So that’s definitely part of who I am today, all the bad parts that come with that, all the trauma, but also on the other side there’s ambition and the desire to do good, I guess.

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The investor grew up with his older sister, entrepreneur Vanessa Wolff.

Wolff attended the Lycée Français de Vienne, a French-curricular secondary school in Alsergrund, Vienna. He later enrolled at the Vienna University of Economics and Business, but dropped out.

Career

Toto is a jack of all trades. While most people know him primarily for his significant contributions to the racing world, he is also in the business world and has held various positions in the academic sector.

Competition

Toto Wolff was passionate about motorsport from a young age. He competed in the Austrian and German Formula Ford from 1992 to 1994 and won the 24 Hours Nürburgring in his category.

In 2006, he won the Dubai 24 Hours and finished second in the Austrian Rally Championship. Wolff also served as an instructor at the Walter Lechner Racing School and set a lap record on the Nürburgring Nordschleife in a Porsche RSR.

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Motorsports manager

After leaving motorsports in 2009, Toto Wolff purchased a stake in the Williams Formula One Team and became its managing director in 2012. In 2013, he moved to Mercedes-AMG Petronas F1 Team as CEO and team principal, purchasing a 30% stake in the company. He also served as CEO and director of the Mercedes-EQ Formula E Team.

Business investments

In addition to his motorsport career, Toto Wolff is a successful investor. He founded the investment companies Marchfifteen in 1998 and Marchsixteen in 2004. The companies initially focused on internet and technology investments, then expanded into medium-sized industrial and public companies.

Wolff’s other major investments include the German HWA auto racing team, BRR Rallye Racing and Aston Martin Lagonda Global Holdings. He also co-owns a sports management company with former F1 driver Mika Häkkinen.

Academic study

Wolff has contributed to a variety of academic institutions. In late 2021, he was appointed a two-year associate researcher at the Oxford Saïd Business School.

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He was appointed an Executive Fellow at Harvard Business School in May 2022. Previously, he received an Honorary Doctorate from Cranfield University for his services to Motorsport.

The popular investor has also been involved in various philanthropic activities. She is the vice president of the Mary Bendet Foundation, an organization that works to improve the quality of life of underserved children.

Who is Toto Wolff’s wife?

The American former racing driver has been married to Scottish veteran racing driver and current F1 Academy executive director Susie Wolff for over a decade. Toto and Susie first met at the 2008 Deutsche Tourenwagen Masters series, in which Susie was competing.

The couple got engaged on a boat in Venice and later married in October 2011. Together they have a son named Jack, born on April 10, 2017. Toto Wolff also has two other children, Benedict and Rosa, from his first wife Stephanie. He was married to Stephanie for ten years and continues to get along well with her despite their separation.

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How tall is Toto Wolff?

The experienced entrepreneur has a height of 6 feet 5 inches or 196 centimeters and weighs around 165 pounds or 75 kilograms.

FAQ

1. Who is Toto Wolff? He is an Australian motorsport executive, investor and former racing driver. He is the CEO and team principal of the Mercedes-AMG Petronas F1 Team.
2. Is Toto Wolff a German? No, he is an Australian citizen. He was born in Vienna, Austria.
3. How old is Toto Wolff? The investor is 52 years old as of 2024. He was born on January 12, 1972.
4. Who are Toto Wolff’s parents? His parents are Joanna Bednarczyk and Sven. His father passed away in May 1987.
5. Does Toto Wolff have any siblings? The former race car driver has an older sister named Vanessa Wolff.
6. Who is Toto Wolff’s wife? His wife, Susie Wolff, is a Scottish former professional racing driver.
7. Who are Toto Wolff’s children? The investor has three children: Jack, Benedict and Rosa.
8. Is Toto Wolff a billionaire? Yes, his estimated net worth is $1.6 billion.

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Toto Wolff’s net worth has shown steady growth in recent years. He has amassed a significant amount of money from his outstanding success in business, motorsports, and investment. He is known as the CEO and team principal of the Mercedes-AMG Petronas F1 Team.

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Source: Legit.ng