TOTO Wolff has made a reputation for himself because the CEO of the Mercedes F1 crew.
The Austrian govt has an enormous internet value. Right here’s what we find out about him.
Toto Wolff has been married to former racecar driver Susie since 2011.Credit score: Getty
Who’s Toto Wolff?
Torger “Toto” Wolff was born on January 12, 1972, in Vienna, to a Polish mom and a Romanian father.
Wolff, who lives in Monaco, is the Group Principal and CEO of the Mercedes F1 crew.
As Mercedes F1 boss, Wolff has gained eight constructors’ titles with the crew and has constructed a robust working relationship with Lewis.
The Austrian attended the distinguished French college, the Lycée Francais de Vienne, and speaks fluent German, English, French, Italian, and Polish.
Wolff misplaced his father on the age of 15 after he died on account of mind most cancers.
In 2023, he spoke in regards to the vital impact his father’s loss of life has had on him, and the way the loss has fuelled his drive for achievement.
Wolff stated: “It [his father’s death] has an impression till right now. Since I can keep in mind my father was in poor health with the mind most cancers and suffered with it for 10 years after which finally died once I was 15.
“That may be a time when as a boy you want the daddy. That wasn’t the case with me. We had been in monetary troublesome circumstances that didn’t assist both.”
“In order that definitely is a part of how I’m right now with all of the dangerous sides that include it, the trauma, but in addition on the opposite facet, I feel ambition and eagerness to do nicely.”
Is Toto Wolff married and does he have any kids?
Wolff is married to Susie Wolff—née Stoddart—a Scottish former racecar driver.
The pair met within the 2008 Deutsche Tourenwagen Masters sequence, the place Susie was racing.
Susie and Toto married in 2011 after just a few years collectively, in a ceremony in Capri, Italy, attended by the good and good of the motorsports business.
On April 10, 2017, after six years of marriage, Susie gave start to their first youngster, a boy referred to as Jack.
Susie took to Twitter to share theof their new child, writing: “Yesterday Toto & I welcomed a wholesome Child Wolff to the world. Might burst with happiness & love!”
After stints residing between Oxford and Switzerland, the couple at present stay in Monaco.
Wolff has two different kids, Benedict, born in 2001, and Rosa, born in 2004, from his first marriage with Stephanie.
He was married to Stephanie for ten years and stays on good phrases together with his ex-wife.
“I’m within the very fortunate scenario that we’re a real ‘patchwork household’,” Wolff stated.
“Now we spend Christmas and holidays collectively. And as powerful as a divorce is, all of us grew,” Wolff added.
What did Toto Wolff do earlier than taking up as Mercedes Principal?
Wolff arrange his first funding after briefly finding out on the Vienna College of Economics and.
Earlier than moving into his present function as CEO and crew principal at Mercedes, the Austrian had a brief profession in racing, competing in Austrian Formulation, and gained the Nurburgring 24-hour in 1994.
After the 1994 win, he was supplied an F1 seat however opted to maneuver away from skilled racing, and in the direction of enterprise.
He studied briefly on the Vienna College of Economics and Enterprise earlier than founding his personal funding corporations, Marchfifteen in 1998, after which Marchsixteen in 2004.
Merging his two passions, Wolff invested within theF1 crew in 2009, and by 2012, he was the crew’s govt director.
Later in 2012, Wolff was appointed Managing Companion of the Mercedes F1 Group and purchased a 30% stake within the crew.
He now has a 33.3% stake within the firm.
What’s Toto Wolff’s internet value?
Wolff turned a billionaire in 2023, with a internet value of $1.6 billion in accordance with Forbes.
Within the first half of 2023, Wolff’s internet value elevated dramatically by 60%.
This enhance to his internet value is probably going a results of the growing valuation of the Mercedes crew, which is now estimated at $3.8 billion.