Even more than Lewis Hamilton, Toto Wolff has a sizable personal fortune, check out the Mercedes boss’ net worth in 2023
The owner of the Mercedes team reportedly became a billionaire in April 2023 with a $1 billion net worth, according to a Forbes report.
The Austrian joins superstars like golfer Tiger Woods and basketball legend LeBron James on the Forbes chart for the first time.
In addition to managing the Mercedes team, Wolff also owns a third of Mercedes Benz Grand Prix Ltd, an investment that has been profitable due to the team’s exceptional results. Here is all you need to know:
Mercedes principal Toto Wolff and wife Susie Wolff net worth and salary 2023
The 51 year old, born in 1972, January 12, Wolff is the team principal for Mercedes and also owns a third of the Formula One team.
Both Daimler, the company that owns Mercedes-Benz, and Ineos, a company that Sir Jim Ratcliffe, one of the wealthiest persons in Britain with an estimated personal net worth of £13 billion, owns, are equal to his 33.3 percent stake in the company.
Mercedes Team Principal Toto Wolff has become a billionaire, according to a Forbes report and the 2023 World Billionaires list includes 12 newcomers from the world of sport, with Wolff joining the likes of Tiger Woods and LeBron James. According to the report, Wolff’s net worth is precisely $1 billion this year.
What is the salary of Toto Wolff?
Wolff makes an estimated £7 million a year in pay.
Aston Martin’s podium finish at the Bahrain Grand Prix helped Wolff’s financial status despite Mercedes’ poor start to 2023.
In 2020, Wolff made an investment of 1% of his wealth in the Aston Martin Formula One team.
Fernando Alonso’s third-place finish in Bahrain is also believed to have caused the stock price of Aston Martin to increase by 15%.
Who is Toto Wolff’s wife?
He is married to Susie Wolff, a pioneer for women in motorsport.
She became the first woman to drive in an F1 race in 20 years when she took the wheel for Williams during a practise session in 2014.
Susie is the CEO of the Venturi Formula E team. They got married in 2011, which was two years before Toto joined Mercedes.
Under his leadership, Lewis Hamilton and Nico Rosberg each collected one driver’s title, for a total of seven.
Wolff’s Formula 1 investments
Before joining Mercedes, Wolff made his first investment in motorsport.
The Austrian bought a holding in the Williams Formula 1 team in 2009 and afterwards joined the board of directors.
He remained there up until 2013, when he became an executive director for the Mercedes organisation. He sold his final Williams stock holdings in 2016.
With eight constructors’ and seven drivers’ world titles, Mercedes took the lead early in the turbo hybrid era. The value of Wolff’s shares dramatically grew as a result of this level of achievement.
The Mercedes team was valued at $1.15 billion in 2019 by Forbes.
Wolff increased his power even further by investing in Aston Martin Lagonda before it returned to Formula 1 in 2020. He has a 0.95 percent ownership stake in the company as a private investor.