Torger Christian “Toto” Wolff was born on 12 January 1972, in Vienna, Austria, of part-Polish and Romanian descent, and is an investor and former race car driver, but perhaps best known for being the 30% owner of the Mercedes AMG Petronas Formula One Team. He also serves as the team’s executive director, and all of his efforts have helped put his net worth to where it is today.
How rich is Toto Wolff? As of early-2018, sources inform us of a net worth that is at $420 million, mostly earned through a successful career in the motor racing industry, including being a part of numerous notable races during his racing career. As he continues his endeavors, it is expected that his wealth will also continue to increase.
Toto Wolff Net Worth $420 million
Toto started his motorsport career in 1992, taking part in the Austrian Formula Ford Championship. The following year he then became a part of the German Formula Ford Championship as well, with his first victory coming in 1994, in the 24 Hours of Nurburgring. He continued performing well in the next few years, and also established the investment company Marchfifteen in 1998. He won one race during the 2002 FIA GT Championship, then the following year he switched to the Italian GT Championship, and won a race. He then launched another investment company called Marchsixteen, before in 2006 becoming a runner up in the Austrian Rally Championship, and winning the 24-hour race in Dubai. He then transitioned to teaching, becoming an instructor at the Walter Lechner Racing School, but also became a lap-record holder of the Nurburgring Nordshleife, using a Porsche RSR. His net worth constantly increased as the years passed.
Wolff’s investment companies initially focused on technology and internet investments. They then shifted their focus to investing in medium-sized industrial and listed companies. One of their investments is in the German HWA AG, which runs the Deutsche Tourenwagen Masters race program, and they develop F3 engines, as well as the Gullwing Mercedes Benz SLS GT3 race car. Other investments he owns include the BRR Rally Racing which is one of the largest rally parts dealers in Europe, and he also co-owns a sports management company. In 2009, he bought a share of the Williams Formula One Team and joined their board of directors. He would stay there until 2013 when he decided to leave to become the executive director of the Mercedes AMG Petronas Formula One Team, simultaneously acquiring 30% of the Mercedes Grand Prix, taking over the coordination of all Mercedes-Benz motorsport activities; he subsequently sold his remaining shares of the Williams team. He was responsible for bringing many podium finishes for both teams, and his net worth increased even further thanks to his success.
For his personal life, it is known that Toto married Scottish racer Susie Stoddart, and they have a child together. Toto also has two children from a previous marriage. He speaks fluent Spanish, Polish, French, Italian, German and English. He’s also involved in various philanthropic work, and is the Vice Chairman of the Mary Bendet Foundation, which focuses on making a better life for underprivileged children.
