mobile app bar

$540 Million Toto Wolff Was Once Dismissed From School For Having No Money

Samriddhi Jaiswal
Published

$540 Million Toto Wolff Was Once Dismissed From School For Having No Money

Mercedes team boss Toto Wolff now owns a 33% stake in the Mercedes F1 team and has an estimated net worth of $540 Million.

But he did not enjoy the same financial privileges growing up. Wolff had a tough childhood with one of the key moments being the loss of his father when he was merely 15 years old.

There were a lot of financial hardships related to this and while his mother was a doctor and tried a lot to improve their living conditions, it was not enough.

Although, despite the financial problems his parents with the help of his grandfather placed him in a French private school in Vienna.

Wolff recalled a time when he and his sister were taken out of school because they hadn’t been able to pay the fees. He said, “How do you explain on the tram ride home why you had to leave after lunch?”

Also Read: Max Verstappen Girlfriend: Everything To Know About Kelly Piquet

Toto Wolff moved to Monaco due to security reasons

Wolff has risen from his financial troubles and is now one of the most successful F1 bosses in the paddock.

But there are a few other things that Wolff has to worry about now. Recently, he revealed that he had moved to Monaco because they had security problems in the UK. The other reason was that they wanted to enroll their son in an international school.

He did not reveal what were the security reasons though.

Toto Wolff fires fresh criticism  at Michael Masi

In the 2021 season finale, Mercedes’ Lewis Hamilton lost the championship title in a controversial circumstance.

Race director Michael Masi hit the spotlight for massive criticism and was even removed from his position.

Mercedes boss Wolff has ever since been a harsh critic of the decisions that were made at the Abu Dhabi GP and has now fired a fresh criticism on the Australian.

He said that an individual had taken a decision that were not part of the rule book and “breached the principle of fairness.”

Also Read: Sergio Perez’s Father Claims That Red Bull Star Will Beat Max Verstappen To Lift F1 Title

About the author

Samriddhi Jaiswal

Samriddhi Jaiswal

x-iconinstagram-iconlinkedin-icon

Samriddhi Jaiswal is an F1 editor and writer at The SportsRush. She started her career as a business journalist but soon found her calling in lights out here we go! Samriddhi has been a Ferrari fan even when her interaction with F1 was occasional. Her first real experience with the thrilling sport came when Charles Leclerc clinched his iconic victory in Spa and Monza and painted the track red. Now, a Tifosi, Samriddhi is a hardcore fan of the prancing horse and can relate to the chaos within the Italian camp and also admires Ayrton Senna and Michael Schumacher. Off the track, she finds her home in books and musical instruments.

Share this article