| Capital: | € 345 million |
| Age: | 48 |
| Born: | 01/12/1972 |
| Country of origin: | Austria |
| Source of wealth: | Entrepreneurs |
| Last updated: | 2022 |
Short creation
Toto Wolff is an Austrian investor and previous racing motive force. He holds 30 percentage of the stocks withinside the Formula 1 group at Mercedes AMG Petronas Motorsport and is group important and CEO of the group. In his function as an investor, Wolff focuses on strategic investments in medium-sized commercial and indexed businesses. He turned into previously a shareholder in Williams F1.
Early lifestyles
Torger Christian Wolff, recognised below the call Toto Wolff, turned into born in Vienna in 1972 to a Polish medical doctor and an Austrian father of Romanian origin. Wolff turned into taught at a French faculty in Vienna. He most effective observed his ardour for racing on the age of 18.
Career
Wolff commenced his motorsport profession in 1992 withinside the Austrian Formula Ford Championship. In the subsequent years he drove withinside the Austrian and German Formula Ford. In 1994 he received the 24-hour Nürburgring in his class. In 2002, Wolff took 6th vicinity withinside the N-GT class withinside the FIA GT Championship and received a race. He switched to the Italian GT Championship in 2003 and received a race with Lorenzo Case in 2004, even as additionally competing with Karl Wendlinger withinside the FIA GT Championship. Wolff turned into runner-up on the Austrian Rally Championship in 2006 and received the 24-hour race in Dubai. Wolff additionally served as an teacher on the Walter Lechner Racing School. In 2009 he turned into lap document holder at the Nürburgring-Nordschleife with a time of 7:03 mins in a Porsche RSR.
As an investor, Wolff based Marchfifteen in 1998 and Marchsixteen Investments in 2004, first of all specializing in net and era businesses. Wolff has been focusing on strategic investments in medium-sized commercial and indexed businesses due to the fact 2003. The participations encompass the German HWA AG, wherein Wolff received a forty nine percentage stake in 2006. In 2007 the business enterprise turned into indexed at the inventory exchange. The business enterprise runs the German Touring Car Masters racing application for Mercedes-Benz, develops F3 engines and the Mercedes-Benz SLS AMG GT3 with wing doors. Further investments with the aid of using Wolff problem BRR Rallye Racing, one in all the most important rally components sellers in Europe. Wolff is likewise a co-proprietor of a sports activities control business enterprise with the previous F1 motive force Mika Häkkinen and turned into worried withinside the control of racing drivers along with Bruno Spengler, Alexandre Prémat and Valtteri Bottas.
In 2009, Wolff offered a stake withinside the Williams Formula One group and joined the board of directors. In 2012 he turned into appointed Executive Director of Williams F1. In 2013, Wolff left F1 to end up dealing with director of the Mercedes AMG Petronas Formula 1 group. In 2018 Mercedes received its 5th consecutive double international championship, placing the document that Ferrari set among 2000 and 2004. 2018 turned into the maximum a success motorsport yr withinside the records of Mercedes-Benz. Mercedes received each F1 titles, the F2 identify with George Russell, the European F3 identify with Mick Schumacher, all 3 titles withinside the remaining season of the DTM opposition in which Gary Paffett secured the drivers’ identify, each F1 eSports titles and severa championships in purchaser sport.
Career highlights
Since Wolff joined Mercedes in 2013, the group has made a sixty six percentage earnings share. Since the creation of the Turbo Hybrid Regulations in 2014, Mercedes has received 89 out of 121 races below Wolff’s leadership. The group has ninety four out of 121 pole positions, fifty eight the front row lockouts and 179 out of 242 viable podiums.
Wolff is the vice chair of the Mary Bendet Foundation, which turned into created in reminiscence of a faculty buddy who turned into a function version for a technology of friends. The basis strives to offer deprived youngsters with a higher lifestyles. His tasks encompass enhancing residing situations in daycare centers, dormitories and playgrounds; Talent improvement via sponsorship of scholarships; Centers for blind and disabled youngsters to higher put together them for lifestyles in normal society.
Famous quotes
“F1 wishes Ferrari lots greater than Ferrari F1 wishes.”
“Every group has a hazard to win the identify and we see all groups as a ability threat. There is in reality no declare to be on the top. ”
Success tips
“Modesty is a completely critical issue in our entire lifestyles and I try and bear in mind to be humble and comfortable each night time in the front of the mirror.”
“The mixture of speed, character and the capacity to hose down feelings in each guidelines is a fantastic ingredient.”
“You want the proper stability of statistics and intestine feeling.”
“If you admit a mistake, it’s miles less difficult to loose your self from this spiral.”
