Toto Wolff is an Austrian billionaire investor and motorsport executive, most notably the team principal, CEO, and co-owner of the Mercedes Formula One team since 2013. Under his leadership, Mercedes achieved unprecedented success, securing eight consecutive World Constructors' Championship titles (2014-2021). He also led Mercedes-EQ to two Formula E World Teams' Championship titles. Wolff's career encompasses roles as a former racing driver and underscores his significant impact on motorsport management and investment.
In January 1972, Torger Christian "Toto" Wolff was born.
In January 1972, Torger Christian Wolff was born in Vienna to a Polish mother and a Romanian father.
In 1992, Wolff started his motorsport career in the Austrian Formula Ford Championship.
In 1994, Toto Wolff won his category in the 24 Hours Nürburgring race, marking an early achievement in his motorsport career.
In 1998, Toto Wolff founded Marchfifteen, an investment company initially focused on Internet and technology companies.
Between 1999 and 2004, Ferrari set a record of six consecutive Constructor's Championships.
Between 2000 and 2004, Ferrari won five consecutive double world championships and five Driver's Championships.
In 2002, Wolff finished in sixth place in the N-GT category in the FIA GT Championship and won one race.
In 2003, Wolff switched to the Italian GT Championship.
Since 2003, Wolff has concentrated on strategic investments in medium-sized industrial and listed companies.
Between 1999 and 2004, Ferrari set a record of six consecutive Constructor's Championships.
In 2004, Toto Wolff founded Marchsixteen Investments, expanding his investment portfolio.
In 2004, Wolff won a race in the Italian GT Championship with Lorenzo Case.
In 2006, Wolff bought a 49% stake in the German HWA AG.
In 2006, Wolff was runner up in the Austrian Rally Championship and winner of the 2006 Dubai 24 Hour.
In 2007, Wolff listed HWA AG on the stock exchange.
In 2009, Wolff became a lap-record holder on the Nürburgring Nordschleife in a Porsche RSR.
In 2009, Wolff bought a share of the Williams Formula One Team and joined the board of directors.
In 2012, Wolff was named executive director of Williams F1, and the team achieved its last race win to date at the Spanish Grand Prix with Pastor Maldonado.
In January 2013, Wolff left Williams F1 to become an executive director of the Mercedes AMG Petronas Formula One Team. He also acquired 30% of Mercedes-Benz Grand Prix Ltd.
Since Wolff joined Mercedes in 2013, the team has achieved a winning percentage of 47%.
In 2014, Wolff sold two-thirds of his Williams shares to American businessman Brad Hollinger.
In 2014, as co-owner of both Williams F1 and Mercedes Grand Prix, Wolff celebrated numerous podiums and successes for both teams, including a 1–2–3–4 finish at the Austrian Grand Prix.
Mercedes also holds the record of seven consecutive Driver's Championships from 2014 to 2020.
Since the introduction of the turbo-hybrid regulations in 2014, Mercedes has won 116 of 234 races under Wolff's leadership, taken 124 pole positions, and achieved 270 from 468 possible podium finishes.
In November 2015, Susie Wolff, Toto Wolff's wife, retired as a test driver from Williams F1.
On 9 March 2016, Wolff sold his remaining shares in the Williams team.
On 10 April 2017, Susie Wolff gave birth to their only child together, a son.
In 2018, Mercedes-Benz achieved its most successful motorsport year, winning both F1 titles, the Formula 2 title, the Formula 3 European Championship, all three titles in its final season of DTM competition, both F1 Esports titles, and numerous championships in customer racing.
In 2018, Wolff's achievements were recognized through the presentation of a John Bolster Award and the President's Award from Jean Todt at the FIA Prize Giving Gala.
In 2019, Mercedes secured its sixth consecutive double world championship at the Japanese GP, achieving an unprecedented feat in the history of the sport. Wolff became the only Team Principal to have won more than five consecutive double world championships.
In April 2020, Wolff acquired a 4.95% stake in Aston Martin Lagonda Global Holdings plc as a financial investment.
In June 2020, Wolff held a 5% stake in Williams F1 which was sold in the purchase of Williams by Dorilton Capital.
After the 2020 F1 season, Wolff signed a new deal with Mercedes to continue as team principal and CEO for at least another three years, increasing his ownership stake to 33% upon investment from Ineos.
In 2020, Mercedes secured its seventh consecutive double world championship, setting an all-time record. Lewis Hamilton also tied Michael Schumacher's record with his seventh world drivers' championship.
In May 2021, Wolff was awarded an Honorary Doctorate from Cranfield University for his services to Motorsport.
In August 2021, Le Journal de Montréal speculated that Wolff and Lawrence Stroll were involved in insider trading with respect to Aston Martin shares, which Wolff refuted. The allegation was later proven unfounded.
In August 2021, Wolff attended a Formula E race in Berlin where Mercedes won both the drivers' and teams' championships. His wife, Susie Wolff, also achieved a milestone as the first female team principal on the podium.
In November 2021, Wolff was appointed to an Associate Fellowship of the Oxford Saïd Business School for two years to transfer his understanding of high-performance culture, team leadership, and personal effectiveness from the racetracks into the classroom.
In 2021, Mercedes secured an eighth consecutive constructors' world championship but narrowly missed out on the drivers' crown after a controversial Abu Dhabi Grand Prix.
In 2021, Wolff had overall responsibility for the Mercedes EQ Formula E Team before their entry and assets were purchased by McLaren following the conclusion of the 2021-2022 season.
In February 2022, Wolff's leadership of the Mercedes-AMG Petronas F1 Team was the subject of a Harvard Business School case study.
On 3 March 2022, Wolff visited Harvard to teach the case study to MBA students and lead a discussion on high-performance leadership and organisational culture.
In May 2022, Wolff was named as an executive fellow at Harvard Business School, a role in which he will serve as guest lecturer.
In 2022, Wolff had overall responsibility for the Mercedes EQ Formula E Team before their entry and assets were purchased by McLaren following the conclusion of the 2021-2022 season.
After the 2023 F1 season, Wolff signed a new three-year deal to stay on as the team principal and chief executive of the Mercedes team.
As of 2023, Wolff's net worth is estimated at US$1.6 billion.
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