| Capital: | € 345 million |
|---|---|
| Age: | 48 |
| Born: | 01/12/1972 |
| Country of origin: | Austria |
| Source of wealth: | Entrepreneurs |
| Last updated: | 2020 |
Short introduction
Toto Wolff is Austrian investors and former racing drivers. He held a 30 percent stake in the Formula 1 team at the Mercedes AMG Petronas Motorsport and was the main principle of the team and CEO of the team. In his role as an investor, Wolff specializes in strategic investment in industrial and registered industrial companies. He was previously a shareholder at Williams F1.
Early life
Christian Torger Wolff, known as Toto Wolff, was born in Vienna in 1972 to a Polish doctor and Austrian father from Romania. Wolff was taught in a French school in Vienna. He only found his desire for racing at the age of 18 years.
Career
Wolff began his Motorsport career in 1992 in the Formula Austria Ford Championship. In the next two years he drove in Formula Austria and Germany Ford. In 1994 he won Nürburgring 24 hours in his category. In 2002, Wolff took sixth place in the N-GT category at the FIA GT Championship and won the race. He turned to the Italian GT championship in 2003 and won a race with Lorenzo’s case in 2004, while also competing with Karl Wendlinger at the FIA GT championship. Wolff was runner-up at the Austrian rally championship in 2006 and won a 24-hour race in Dubai. Wolff also served as an instructor at Walter Lechner racing school. In 2009 he was a lap record holder at Nürburgring-Nordschleife with 7:03 minutes at RSR Porsche.
As an investor, Wolff founded MarchFifleen in 1998 and Marchsixteen investment in 2004, initially focused on internet and technology companies. Wolff has concentrated on strategic investment in industrial and registered industrial companies since 2003. Participation includes Hwa AG Germany, where Wolff acquired 49 percent of the shares in 2006. In 2007 the company was listed on the Stock Exchange. The company runs the German Car Touring Masters Race Program for Mercedes-Benz, developing F3 and Mercedes-Benz SLS AMG GT3 machines with Wing Doors. Further investment by Wolff concerning BRR Rallye Racing, one of the largest rally component dealers in Europe. Wolff was also a partner owner of a sports management company with former F1 driver Mika Häkkinen and was involved in managing racing drivers such as Bruno Spengler, Alexandre Prémat and Valtteri Bottas.
In 2009, Wolff bought shares in the Formula One team Williams and joined the Board of Directors. In 2012 he was appointed as Executive Director of Williams F1. In 2013, Wolff left F1 to become the Managing Director of the Mercedes Team AMG Petronas Formula 1. In 2018 Mercedes won the fifth consecutive world championship, establishing a record that Ferrari was set between 2000 and 2004. 2018 was the most successful motorsport year in the history of Mercedes- Benz. Mercedes won both titles F1, Title F2 with George Russell, the title of F3 Europe with Mick Schumacher, the three titles in the final season of the DTM competition where Gary Paffett gets a driver, both the title F1 Esports and many championships in sports customers.
Career spotlight.
Because Wolff joined Mercedes in 2013, the team had made 66 percent of profit shares. Since the introduction of the Rules of Hybrid Turbo in 2014, Mercedes has won 89 of 121 races under Wolff’s leadership. The team has 94 of 121 position poles, 58 front row locking and 179 of 242 possible podiums.
Wolff is the Deputy Chairperson of the Mary Bendet Foundation, which is made for memory of school friends who are role models for friends’ generations. The foundation tries to give children who are disadvantaged by a better life. The projects include improving life conditions at child care centers, dormitories and playgrounds; Development of talents through scholarship sponsors; The center for children who are blind and defects to better prepare them for life in everyday society.
Famous quotes
“F1 requires Ferrari more than Ferrari F1 needs.”
“Every team has the opportunity to win the title and we see all the teams as a potential threat. There is absolutely no claims above.”
Success tips
“Simplicity is a very important factor in our entire lives and I try to remember to be humble and relaxed every night in front of the mirror.”
“Combination of speed, personality and the ability to reduce emotions in both directions is a good material.”
“You need the right balance of data and the feeling of the intestine.”
“If you confess a mistake, it’s easier to free yourself from this spiral.”
