Toto Wolff Net Worth, Salary, Contract, First Wife, Racing Career: who is Toto Wolff? Torger Christian “Toto” Wolff is an Austrian motorsport executive, investor, and former racing driver. He holds a 33% stake in the Mercedes-AMG Petronas F1 Team and is Team Principal and CEO of the team. Wolff began his motorsport career in the Austrian Formula Ford Championship and the German Formula Ford Series.
Toto Wolff Net Worth 2022
Other investments include BRR Rally Racing, one of the largest rally parts dealers in Europe. Wolff also co-owns a sports management company with Mika Hkkinen 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.
His net worth is believed to be around $580 million (approx).
As a team principal, Toto Wolff reportedly earns €8 million per year. At least, according to Austria’s Osterreich newspaper.
After joining Mercedes, he acquired a 30% stake in Mercedes-Benz Grand Prix Ltd.
Toto Wolff Salary 2022
Toto Wolff’s net worth is estimated to be around $500 million. His salary for 2021 is around $10 million and his main source of income is from his investments in racing sports. Wolff’s successful career has earned him some lavish lifestyles and some fancy cars.
Furthermore, his salary with the team is said to be around $8 million according to the reports. His racing career and investments in Williams and Mercedes have helped him accumulate this huge net worth.
Toto Wolff Contract 2022
When Mercedes announced that Lewis Hamilton would be on the board for at least two more years in Formula 1, team boss Toto Wolff addressed the media at the Austrian Grand Prix about the new deal with the seven-time world champion .
“I am pretty sure this is not his last contract,” Wolff told Formula1.com. “I think he always flirts with the thought that this might be the last contract and in a way it keeps options open to the mind. [But] no, it won’t be his last.”
Toto Wolff First Wife
Toto Wolff married his first wife, Stephanie Wolfe, in the 1990s. After sharing a decade, the couple called it quits.
They raised two children together before separating.
Surprisingly, the pair share a healthy relationship even after the divorce.
The biggest priority for them is their children and their happiness.
When asked about his mobility in an interview, Wolff replied that it was all because of Susie.
The whole family spends holidays together.
Toto Wolff Racing Career
While Toto has done some amateur racing lately, his single-seater career came to an abrupt end due to one factor: money.
Well, that and the brilliance of some familiar names is experiencing up close…
“I think I got myself to the point where I was able to fight for victory in Formula Ford, and at that time the German Formula Ford Championship was like the current Formula 4 or Formula Renault Eurocup, it was a pretty strong championship, ” They said. ,
“But I ran out of money. After the Senna and Wendlinger events in 1994 a sponsor stopped funding, and that is why I stopped all my racing activities.
“Also, because I saw some young people coming out who clearly had more background and a lot more talent.
“Alex Wurz is someone I’ve mentioned in the past, but also Nick Heidfeld. He started his racing when it was my last year at Formula Ford. You could see right away that these kids were different.