Toto Wolff has become one of the most recognisable faces in F1, but the Mercedes man has far more to his name than just his team boss salary — and he’s reportedly the richest F1 team principal.
The bulk of Wolff‘s net worth comes from his one-third stake in the Mercedes F1 team, alongside the Daimler group and Ineos. He also reportedly earns £7 million from Mercedes every year for his role as Mercedes Team Principal, and doesn’t get any of that docked for the destruction of either tables or headsets.
He also owns a stake in Aston Martin, but that’s just the tip of the iceberg for his investments both past and present.
How much is Toto Wolff worth?
Wolff is reportedly worth over half a billion dollars, approximately $580 million to be precise, the majority of which comes from his stake in Mercedes F1.
The powerhouse team was worth over a billion dollars in 2019 according to Forbes, and following the introduction of the cost cap into F1 and the $200 million entry fee, that’s only going to have increased.
That’s not Wolff‘s only F1 involvement though. He owned a 4.95% stake in Aston Martin Lagonda – the owners of the F1 team – though that’s been diluted to less than 1% since.
He also held a 5% stake in Williams F1, but sold that when Dorilton Capital bought out the team in 2020.
Wolff raced in Austrian Formula Ford in 1992 and after further racing across Europe, he set up his investment company Marchfifteen in 1998.
That was following by Marchsixteen in 2004, both focussing on technology companies, but diversifying into industrial and listed companies.
Among Wolff’s other investments is BRR Rallye Racing, a rally parts dealer, and a sports management company alongside Mike Hakkinen, that listed Valtteri Bottas among its clients.