Former racing driver Toto Wolff, an Austrian businessman, is currently focusing on commercial projects. After founding the Mercedes AMG Petronas Formula One team in 2009, he is currently its CEO and Principal Owner. By the year 2022, Toto Wolff’s net worth will be $570 million.
To the disbelief of some Formula One fans, he is even wealthier than Lewis Hamilton, who is estimated to be worth $285 million at current prices.
Wolff was born in Vienna, Austria, on January 12th, 1972. Torger Christian Wolff’s full name is Torger Wolff. His parents, a Romanian mother and a Polish father, were both doctors who raised him and his sister. His father was brought to the hospital with cancer when he was eight years old. His parents split up and divorced after learning of his father’s sickness. Toto’s father died of this ailment while he was a teenager.
That he was reared in the city and went to French school despite his family’s poverty is extraordinary. His father was afflicted with cancer, and thus he and his younger sister probably quit school.
Career of Toto Wolff:
Torger’s career in racing began in 1992, when he finished third in the Austrian Formula Ford Championship. He raced in the German Formula Ford Championship from 1993 to 1994.
Once he had won the first race, he went on to win many more. In 1994, he won the 24 Hours of Nürburgring in his class.
With Lorenzo Case’s help the next year he took another victory in Italy’s GT Championship, which he also shared with Case.
The next year, he came in second place in the Austrian Rally Championship. He also won the Dubai 24 Hour event that year. In 2009, he established a lap record at the NürburgringNordschleife in a Porsche RSR.
Other Investments of Toto Wolff.
This period saw him establish Marchfifteen and Marchsixteen, both of which concentrated on internet and technology-related firms, as well as the Marchfifteen Foundation.
Additionally, he obtained a 49 percent share in the German HWA AG in 2006, which he subsequently put up for sale on the public market in the following year. As a result, he has invested in yet another business enterprise.
Toto was also a co-owner, together with former Formula One driver Mika Häkkinen, of a sports management firm that he formed, involved in the management of different racing drivers.
The Personal Life of Toto Wolff
When Toto Wolff and Stephanie Wolff were in their twenties, they met and married each other. They had two children between them. Couple chose to divorce after a decade of marriage.
ROKiTVenturi Racing CEO Susie Wolff lives in Monaco with his wife, an athlete, and they have two children.
When she met Toto, she was a development driver for Williams Racing. They got married in 2011 and had their first child in 2017.
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