Toto Wolff is the most successful team principal in Formula 1’s history. The Austrian always dreamed of tasting success in F1 but as a driver. However, he was forced to give up on his dream due to his height, as he revealed to Forbes.
Hence the Austrian shifted his focus from racing to investment banking and made a successful carer out of his investment company Marchfifteen. This allowed him to reenter the racing scene as an investor and later team owner.
Wolff claims he was too slow to make it to F1 as a racer. He admits that a stopwatch never lies. But he is salty about one disadvantage he never had control over.
Why was Toto Wolff unable to drive F1 cars?
F1 cars have an extremely small cockpits, which means drivers do not have a lot of room to fit in. Drivers must also fit within particular weight criteria to not slow the car down. Hence, Toto Wolff blames his height for the missed opportunity.
He had once raced in the Austrian and German Formula Ford series. He even won the 1994 24 Hours Nürburgring. However, Wolff could not step up into F1 due to financial and physical constraints.
Wolff revealed in a Forbes interview, “Being a racing driver is all about fitting in the car. Since I have grown pretty tall in my 20s, it wouldn’t have been anywhere easy to fit in a Formula 1 car because they are very small.”
Wolff was 6’5″, which meant it would have been a challenge for him to race in F1 cars for 50 laps. This still stands true as teams prefer drivers who aren’t tall and are of small or medium build. The tallest driver in the 2023 F1 grid is Esteban Ocon and Alex Albon, who is 6′1″.
How did Wolff become a team owner at Mercedes?
Toto Wolff charted an interesting path to F1 after leaving his passion for racing. After his successful career in investment banking, he became a shareholder for the Williams F1 team in 2009. He became an executive director for Williams in 2012 when they achieved their last win in the 2012 Spanish GP.
This brought attention from Mercedes, who were struggling at the moment. Wolff recalled, “In 2012, the top management at Mercedes asked me to assess why their F1 team was not going well. I tried to assess to the best of my ability and they offered me the job.”
However, the Austrian wanted to remain an entrepreneur and not just a team principal. Wolff was offered equity in the F1 team, as he became a 1/3rd owner in Mercedes. This allowed him to become a billionaire in 2023 due to the soaring stock of his F1 team.
Toto Wolff has become a billionaire 😎
Wolff’s net worth hits $1 billion according to Forbes’ list of sports billionaires in 2023 💰 pic.twitter.com/XEjHzpojp0— Motorsport.com (@Motorsport) April 7, 2023
Wolff’s story of quitting F1 dreams to become a successful team principal is not unique. His bitter rival Christian Horner, too, shares a similar story of letting go of racing dreams to become team boss.
Horner raced in the 1992 British Formula Renault Championship, 1993 British F3, and 1996 British F2. He enjoyed a bright career with several wins. However, in a preseason test, the Briton realized he was not good enough to be promoted to F1 and quit his racing career.
He founded Arden Racing, which he still owns to this day. In 2004, he was approached by Red Bull for the team principal role of their upcoming F1 team. Horner accepted the job, and the rest is history.
