The Austrian has managed to become a centrestage of the sport over the years
Beginning his career in the world of motorsports as a professional racing driver, Toto Wolff refused to leave the game upon his retirement. The Austrian utilised his sprawling expertise of the sport to invest in Formula 1 and steadfastly earn rich rewards on his capital.
Toto Wolff Racing Career
Wolff made his debut on the circuit in the Austrian Formula Ford Championship followed by the German Formula Ford Series. Wolff first made heads turn his way after he won the 1994 24 Hours of Nürburgring.
Wolff subsequently went onto compete in the FIA GT Championship and the Italian GT Championship as well.
Toto Wolff Net Worth And Investments
Although his career in a car wasn’t the most illustrious one, Wolff refused to be dissuaded. Remaining in the game, Wolff turned his attentions to the technology side of motorsports with his first venture being Marchfifteen in 1998
His next avenue saw him give birth to Marchsixteen Investments in 2004, an Internet and technology companies. Wolff eventually turned his attention to the land of motorsports with him going onto invest in both the Williams F1 team and German HWA AG.
Wolff had purchased a 49% stake in the German HWA AG, a company which runs the Deutsche Tourenwagen Masters race program for Mercedes Benz. His acumen saw him eventually wade into Mercedes AMG Petronas where he currently holds 30% of the stake and is also the team principal and CEO.
Wolff’s portfolio is a sprawling one with the Austrian holding stake in BRR Rallye Racing, co-owner of a sports management company with Mika Hakkinen along with also taking care of the management of racing drivers such as Bruno Spengler, Alexandre Premat and Valtteri Bottas.
Toto Wolff’s net worth is currently estimated to stand at a mammoth $450 million. His affinity for the sport is evident in his intriguing car collection with Wolff owning the 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.