What is Toto Wolff's salary and net worth? Insights into his personal life

Toto Wolff's inspiring journey from modest beginnings to F1 greatness has earned him a solid reputation. He is the team principal and CEO of the Mercedes-AMG Petronas Formula 1 Team. Wolff has made millions in his career and ranks among the wealthiest F1 team principals. We explore Toto Wolff's salary, net worth, and bio.

The Mercedes F1 boss started his career as a banker before shifting to investing. He founded his companies, Marchfifteen in 1998 and Marchsixteen in 2004. Wolff is now one of the most powerful and influential figures in Formula 1.

Toto Wolff's profile

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Toto Wolff's salary and net worth

Toto Wolff is a household name in motorsport. His salary has significantly increased since investing in Formula One in 2009. How much is Toto Wolff's salary per year? Is he the highest-earning motorsport principal?

According to Express, Mercedes FI's Toto Wolff's salary is around $17.4 million annually. He is the highest-paid among F1 team principals and even earns more than most professional drivers. Spotrac's 2024 Formula One's earnings reveal that only five drivers earn more than Wolff.

Red Bull Racing's Max Verstappen is the best-paid driver, earning around $55 million in 2024. Mercedes F1 duo Lewis Hamilton and George Russel earn around $45 million and $18 million, respectively. Charles Leclerc of Ferrari takes home around $34 million, and Lando Norris of McLaren earns $20 million.

Toto Wolff's net worth

Is Toto Wolff a billionaire? According to Forbes, the Austrian legend is worth $1.6 billion as of May 2024. Toto has built his wealth from his investments. He owns a 33% share of Mercedes F1, alongside the parent company, Daimler AG (33%) and Ineos (33%).

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Yahoo revealed that Mercedes F1 is worth $3.8 billion, making it the second most valuable Formula One team after Ferrari ($3.9 billion).

Biography

What is Toto Wolff's age? The billionaire is 52 as of May 2024. He was born on 12 January 1972 in Vienna, Austria. Wolff was raised by his mother, Joanna Bednarczyk, a physician of Polish descent, and his Romanian father, Sven. According to the New Yorker, Sven was an entrepreneur with his freight company, Kunsttrans, specializing in art transport.

Unfortunately, his parents separated when he was eight years old, and his father passed away in May 1987 due to a brain tumour when Toto was 15. The Mercedes F1 boss reportedly has a sister whose identity remains unknown. He told the Sun about the experience of losing a father,

"It [his father's death] has an impact until today. Since I can remember my father was ill with the brain cancer and suffered with it for 10 years and then eventually died when I was 15. That is a time when as a boy you need the father. That wasn't the case with me. We were in financial difficult circumstances that didn't help either.

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Toto Wolff and his wife

The Mercedes F1 boss is married to former professional racing driver Susie Wolff. She is a Scottish lady, born on 6 December 1982 in Oban, United Kingdom. The Athletic revealed that the two met in 2007 while Susie competed in DTM. Toto was then an investor in the company that manufactured DTM cars for Mercedes F1.

The couple married in 2011 when Susie was still competing in DTM. She opened up to the Athletic on her decision to tie the knot.

"I always said I would never get married before I'm 30, and for Toto, I broke that rule, and I was 29."

Toto Wolff's wife, Susie, retired from car racing in 2015 and now serves as the managing director of F1 Academy. The academy is an all-female series founded by F1 to help nurture and develop female drivers into professional racers.

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Who was Toto Wolff's first wife?

According to Sports Rush, the Mercedes F1 team principal was married to Stephanie for over a decade before marrying Susie. Stephanie has lived a private life, keeping her whereabouts from the public.

Toto Wolff's children

The billionaire has three children with his current and former wife. Toto welcomed Benedict and Rosa with his ex-wife, Stephanie. He has a third child, Jack, born to Susie on 10 April, 2017.

Toto Wolff's height and weight

The legendary F1 driver is 1.98 m, or 6 feet and 6 inches, tall and weighs 92 kg, or 203 lbs.

Education

The father of three attended Lycée Français de Vienne before enrolling at Vienna University of Economics and Business, where he studied business administration.

Career

The Austrian billionaire enjoyed a remarkable racing career in multiple F1 tracks before venturing into business and investments. He is an influential figure in the motorsport industry. Here is a breakdown of his career.

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Racing

Wolff began his motorsport career in 1992, competing in the Austrian Formula Ford Championship at 20. He also competed in the German and Austrian Formula Ford categories in the 1993 and 1994 seasons. In 1994, Wolff won the 24 Hours Nürburgring in his category.

The former driver competed in the FIA GT, Italian GT Championships, Austrian Rally Championship, and the 2006 Dubai 24 Hours event.

Business ventures

Planet F1 revealed the billionaire bought 16% shares of the Williams Formula One Team in 2009 and joined the board of directors. Toto became the executive director of Williams F1 in 2012 and helped the team win the 2012 Spanish Grand Prix.

He joined Mercedes F1 in 2013 and helped them win eight consecutive Formula 1 Constructor's Championships from 2014 to 2021 and seven successive Drivers' Championships.

Did Toto Wolff buy Aston Martin?

The official Formula One website reported that the Austrian billionaire had purchased a 4.77% stake in Aston Martin in April 2020. A Mercedes spokesman told Formula 1 what the partnership means to Toto's Mercedes F1 career.

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"It is a financial investment and Toto's partnership and executive role with Mercedes are unaffected by the transaction."

Trivia

Over the last two decades, the Austrian has made many strategic investments in motorsport, making him one of the wealthiest sports personalities. Here are more facts about him.

Where does Toto Wolff live?

Toto Wolff's house is reportedly in Monaco, France where he lives with his family. The billionaire has also lived in Oxford and Switzerland.

Is Toto Wolff young?

The Mercedes F1 chief is 52 years old as of May 2024. He was born on 12 January 1972 in Vienna, Austria. Toto is among the oldest billionaires in the sports industry.

Who is the richest team principal in F1?

According to the Financial Express, Mercedes Team chief Toto Wolff is the highest-earning F1 team principal, earning around $17.4 million annually.

Does Toto Wolff have a wife?

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Toto is married to Susie Wolff, a former racing driver and the managing director of F1 Academy. He had been married to Stephanie for over a decade.

Final word

Toto Wolff's salary, net worth, and achievements have raised his status and reputation, making him one of the most successful sports personalities. He has made a legacy as an entrepreneur, investor, and motorsports racer.

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