Wednesday, December 1, 2021

Toto Wolff Net Worth, Personal Life, Career, Early Life And All You Need To Know

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Toto Wolff is an Austrian motorsport executive, investor, and former racing driver. He has earned a 33% stake in the Mercedes-AMG Petronas F1 Team. He is also the Team Principal and CEO of the team. He began his motorsport career a decade back. He began his career with the Austrian Formula Ford Championship and the German Formula Ford Series. He won the category in the 1994 24 Hours Nürburgring.

He competed in the FIA GT Championship and Italian GT Championship. He is also an investor and founded Marchfifteen in 1998 and Marchsixteen Investments in 2004. He focused on the Internet and technology companies.

Wolff was awarded an Honorary Doctorate from Cranfield University for providing his services to Motorsport in May 2021. He has also specialized in strategic investments in medium-sized industries and many companies.

Early Life

Torger Christian “Toto” Wolff was born on January 12, 1972. He is 49 years old.  He was born in Vienna, Austria. He has a Polish mother and a Romanian father. His mother was a physician and he grew up in Australia. He attended a French school there and belonged to a wealthy family. Wolff’s father was diagnosed with brain cancer when he was just eight years old. His parents got separated after his father’s diagnosis. His father died during Wolff’s adolescence.

Career

Toto Wolff started his motorsport career in 1992. He started his career with the Austrian Formula Ford Championship. He started driving with the Austrian and German Formula Ford in 1993 and 1994. He won the 24 Hours Nürburgring in his category.

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Wolff competed in the N-GT category in the FIA GT Championship and managed to win the race. He changed his team and played for the Italian GT Championship in 2003. He won the race in 2004 with Lorenzo Case and teamed with Karl Wendlinger in the FIA GT Championship.

Wolff was runner-up in the Austrian Rally Championship in 2006, and he became the winner of the 2006 Dubai 24 Hour. He also served as an instructor at the Walter Lechner Racing School and was a cup holder on the Nürburgring Nordschleife.

Formula One

In 2009, Wolff bought a share of the Williams Formula One Team. He became a member of the board of directors. In 2012, he was selected as the executive director of Williams F1. He played his last race with Spanish Grand Prix with Pastor Maldonado.

Wolff left Williams F1 and became the executive director of the Mercedes AMG Petronas Formula One Team. He partnered up with Rene Berger. He joined the team as a managing partner and acquired 30% of Mercedes-Benz Grand Prix Ltd.

In 2020, Mercedes’ record of seven consecutive Constructor’s Championships was surpassed by Ferrari’s six consecutive Constructor’s Championships. Wolff was awarded the Autosport Awards. He received the President’s Award from Todt, along with Niki Lauda. He also won awards at the 2018 FIA Prize Giving Gala held in St Petersburg, Russia.

Wife

Toto Wolff is married to Susie Stoddart Wolff. The couple held their wedding in 2011. Susie Wolff is his second wife and is the ROKiT Venturi Racing Team Principal in Monaco. He proposed to her on the boat to the airport in Venice. They got married in October 2011. Susie announced on Twitter that their first child is born. Totto has two children from his first wife Stephanie Travers.

Toto Wolff net worth

Toto Wolff’s net worth is estimated at around $500 million. He earned around $10 million in 2021. His main source of income is from his business investments. He has invested a lot in racing sports. Wolff’s successful career also helped him earn a lot of money. He is one of the richest racing drivers in the world. He speaks fluent German, English, French, Italian, and Polish.

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