Toto Wolff is an Austrian investor, and former professional racing driver. Wolff is currently the team Principal and CEO of the Mercedes AMG Petronas Formula One team and holds a 30% share in the team, he was a former shareholder of Williams F1 team as well.
He began his motorsport racing career in the Austrian Formula Ford Championship followed by the German Formula Ford Series. He won his category in the 1994 24 Hours of Nürburgring and later competed in the FIA GT Championship and the Italian GT Championship.
As an investor, Wolff founded Marchfifteen in 1998 and Marchsixteen Investments in 2004, initially focusing on Internet and technology companies. He specialises in strategic investments in medium-sized industrial and listed companies, which have included Williams F1 team and German HWA AG.
Since 2003, Wolff has concentrated on strategic investments in medium-sized industrial and listed companies. Investments include the German HWA AG, in which Wolff bought a 49% stake in 2006 listing the company on the stock exchange in 2007. The company runs the Deutsche Tourenwagen Masters race program for Mercedes Benz, developing F3 engines and the Gullwing Mercedes Benz SLS GT3 racing car.
Other investments include BRR Rallye Racing, one of the largest rally parts dealers in Europe. Wolff is also co-owner of a sports management company with Mika Hakkinen and was involved in the management of racing drivers such as Bruno Spengler, Alexandre Premat and Valtteri Bottas.
Toto Wolff's net worth is estimated to be around $450 million.
Toto Wolff has a house in Northants, and owns several luxury cars, which are - Mercedes Benz 300 SL, 1957 Mercedes Benz 300, Mercedes AMG G TR, Mercedes AMG GT, Mercedes Benz SLS AMG, Mercedes Benz GLC, Mercedes X-Class, Mercedes Benz G-Class, Mercedes Benz C-Class, Bugatti Veyron and a Maserati Granturismo.
|Source of Wealth||Investments, Team Principal and shareholder for Mercedes AMG Petronas Motorsport Formula One team|
|Salary||Approximately $3.5 million Euros|
|Cars owned||Mercedes Benz 300 SL, 1957 Mercedes Benz 300, Mercedes AMG G TR, Mercedes AMG GT, Mercedes Benz SLS AMG, Mercedes Benz GLC, Mercedes X-Class, Mercedes Benz G-Class, Mercedes Benz C-Class, Bugatti Veyron and a Maserati Granturismo.|
|Marital Status||Married to Susie Wolff|
|Children||Jack Wolff, and 2 from his previous marriage|
Also Read: Susie Wolff Net Worth