Toto Wolff’s Net Worth, Salary and Endorsements
Toto Wolff is the team principal of the Mercedes AMG Petronas team. The Austrian has been with the team since 2014 and has remained there ever since.
Wolff started his motorsport career in 1992 in the Austrian Formula Ford Championship. Two years later, he won the 24 Hours Nürburgring in his category. Wolff even racked up a few wins here and there, in the FIA GT Championship and in the Italian GT Championship.
Other accolades to his credit was a runner up in the Austrian Rally Championship in 2006, and winner of the 24-hour race in Dubai. In 2009, he also became a lap-record holder on the Nürburgring Nordschleife in a Porsche RSR.
After retirement, Wolff focused heavily on investment, even founding two companies. Both companies primarily focused on investments on internet and technology.
However, from 2003 onwards Wolff concentrated on strategic investments in medium-sized industrial and listed companies. Some Investments include the German HWA AG, who runs the Deutsche Tourenwagen Masters race program for Mercedes-Benz.
Other investments include BRR Rallye Racing, one of the largest rally parts dealers in Europe. Wolff is also co-owner of a sports management company with former F1 champion Mika Häkkinen.
Toto Wolff’s Endorsements
As mentioned before, Toto Wolff has various investments. These include some share of the Williams F1 Team and even the Mercedes team itself. After joining Mercedes, he acquired a 30% stake of Mercedes-Benz Grand Prix Ltd.
Foundations and Charity Work
Wolff is vice chairman of the Mary Bendet Foundation, founded in memory of a school friend who was a role model for a generation of friends. The Foundation strives to make life better for children who are underprivileged. Its projects include improving living conditions in day-care centre, dormitories and playgrounds; creating joyful environments such as rehearsal studios; supporting talent by sponsoring scholarships; and inaugurating centres for blind and handicapped children to better prepare them for life in everyday society.