Toto Wolff’s wealth keeps growing.
Toto Wolff has been Mercedes team manager for a long time. PDO
Mercedes team manager Toto Wolff, 51, has become a billionaire, reports the financial magazine Forbes.
Wolff’s net worth increased to one billion dollars this year. His wealth is now equal to, say, an NBA legend With Lebron James.
The Mersu boss has become rich, among other things, by investing. of Crash.net according to Netflix’s Drive To Survive documentary series has also at least partially fueled economic growth through attention and increased personal branding. Wolff’s estimated annual income is seven million pounds.
The Austrian once started as a banker, after which he founded two investment companies: Marchfifteen in 1998 and Marchsixteen in 2004. The companies initially focused on internet and technology companies.
Later, since 2003, Wolff has focused on strategic investments and mid-sized industrial and listed companies.
Wolff currently owns 33 percent of Mercedes and in 2020 bought a 1 percent stake in Aston Martin’s F1 team.
He has also owned 15 percent of the Williams F1 team. Wolff bought his share of the team in 2009, but sold it between 2014 and 2016.
Wolff has also established a two-time world champion Mika Häkkinen with a management company that helps young drivers on their way to the royalty of motorsport.
Wolff started as Mercedes team manager in 2013 and has led the team to eight brand championships. The team’s star driver Lewis Hamilton has won six world championships under Wolff.