Toto Wolff Height, Age, Net Worth, Wife, Children & More

Torger Christian (he was born 12^th January 1972), famously known as ‘Toto Wolff’, he is popular for his excellent success in racing career. He is an Austrian investor of different ethnicity and also a former driver in racing championships.

He is the CEO and the principal of ‘Mercedes F1’ AMG P Motorsport team of racers. In the team, he owns 30% stake and he is also Williams’s formula one team, former executive director and shareholder.

His career in motorsport competitions began in the Formula Ford racing championship held in Austria, and also in the Formula Ford Series in German. In 1994 Nurburgring 24 hours circuit, he secured a win in his category. Later, he took part in FIA GT racing championship and also in Italian GT racing championship.

Working as an investor, he formed Marchfifteen and Marchsixteen investments in 1998 and 2004 respectively, which focused on companies based on the internet and technology. Also, he is a specialist in calculated investments in the medium-size industrial stakes and companies which are listed. This includes German HWA AG and Williams Formula, One racing teams.

Biography

He was born on January 12^th, 1972 in Austria capital, Vienna, his mother a polish and the father from Romanian origin. He got education from a French school in Austria, Vienna regardless of coming from a humble background.

His father was diagnosed with a brain tumor when Wolff was at the age of 8 years old. Following the diagnosis, his parents’ part and the father passed on due to the disease when Wolff was at the adolescence stage.

He joined the ‘Lycee Francais de Vienne’, Vienna French prestigious school. He received an invitation at the age of 17years to attend Nurburgring circuit of Germany. His friend was competing at the race. It was this race that sparked auto racing interest in him. He thereafter joined a racing school through persuading his mother to cater for his lessons fee.

With determination to become a racer, Wolff sold his vehicle to buy a ‘Seat Ibiza’ in order to take part in ‘Ibiza Cup’ competition. After which he carried on to compete in the German and Austrian championships, Formulae Ford. At this point, he began earning out of his racing skills which were exceptional. In 1994 his career in racing was halted due to the sponsors backing out.

Due to this set back on his career in racing, Wolff was forced to switch his attention to business. He enrolled in Vienna University of Economics. His decision was not only triggered by lacking personal funds or sponsors, but he also knew that his height (6 feet and 2 inches) would become a hindrance to F1 racing career soon or later.

 He later halted his studies from Vienna University to work at an investment bank as an intern. At this point, he realized he could learn more while in job than in class. Subsequently, he rose fast in ranks and joined the steel company team of sales management. The company was known as ‘Koloman Handler’. After the first and second year of working with the company, he saw an opportunity and sought to set up his own business. This business involved primarily being the Koloman agent in Poland. After creating an impressive client roster he went on to take a leave in America, from where he could consider his next step.

He found himself in San Francisco, at this time; the dot-com era was beginning to grow. He spotted a chance that he could capitalize on when in Austria. When he went back to Vienna he recognized companies based on internet and technology and staked on them. His venture paid off and helps him start off his Marchfifteen firm.  

Career

He created his investment firm in 1998, which was the first ‘Marchfifteen’ firm. During the coming few years, the firm investment grew to the extent of having offices in Zurich, Warsaw, Berlin, Tel Aviv, and Vienna. Through the company, they struck deals with high profiles. This includes a stake with a popular software provider for content delivery, which was being co-financed also by the T-Mobile company.

He went back to racing in 2001 and managed to secure 3 of the 6 hours races which were held in Italy, Czech Republic and Austria. He also took part in FIA GT championship in 2002 where he emerged in the 6 the position. Moreover, in 2004, together in teaming with Lorenzo Case, he secured a win in the GT Italian championship. Thereafter, from participation in 2006 Rally championship in Austrian, he attained the runners up.

In the meantime, he created his second investment, known as ‘Marchsixteen’ firm and begun investments in public companies of Austria in 2004. During 2006, he purchased 49% shares of HWA Team (A German Company of motor racing) through his ‘Marchsixteen’ firm. The German company of motor racing dealt with F3 engines production. He then became the HWA company director and listed the company in 2007 on the stock exchange market of Frankfurt.

When racing in 2009 at the ‘Nurburgring circuit’, he suffered an accident. This accident marked the end of his career in racing. But in the same year, his dream of investing in a team of F1 came true. This was through purchasing a 16% in Williams F1 stake. He joined the racing team board of directors and managed to be executive director of the team in 2012.

Wolff became the executive director of ‘Mercedes’ AMG P. F1 team in 2013 when he left his previous team, ‘William F1’. Also, he bought 30% shares of the Grand Prix limited of Mercedes Benz. And thereafter took over Mercedes Benz motorsport activities. To focus on the Formula one team of ‘Mercedes’ solely, he sold his shares in Williams formula one team by mid-2016.

In an interview in 2013, this was held by the motorizing magazine of America (the Autoweek), Wolff stated that, apart from racing heritage in Mercedes, becoming the owner of F1 has sent this into a spin.

He explained, the management of Mercedes told him that, “we are a group with 100 billion Euros in turnover but we are not sure whether we really understand motorsport. We would like a professional who is not only a manager but is also a co-shareholder, who is involved financially, has an entrepreneurial risk and is, therefore, someone we would be comfortable with.” After taking over the management of F1 as the director in 2014, his racers, Brawn and Hamilton secured the racing title.

Age

Currently, he is 47 years of age. In 1972 January, he was born in Vienna.

Personal life

He is a married man. The second marriage between him and Susie Wolff took place on October 15^th, 2011. The wife is also a former driver in racing. They met when he was HWA director. At that time, she was a racing driver for ‘Mercedes’ at the Touring Car Series in Germany (DTM)

He lives with Susie Wolff, his second wife who is a former Scottish racer. They live between homes in Ermatingen in Switzerland and Oxford-shire in England. They had their first child in 2017. On Twitter, it was announced by the wife on the second day after birth on April 11^th. The baby was a boy named on 10^th April as Jack Wolf.

Wolf also has two children from his first wife; they are Rosa and Benedict of 13 and 15 years respectively. He is fluent in Germany, French, English Polish and Italian.

He is a philanthropist through establishing auto racing carriers for many young upcoming racers. At the Mary Bendet Foundation, he is the Vice-Chairman. The main role of the organization is to provide a better life for children who are underprivileged.

It sponsors scholarships which support kids who are talented. It also strives to better the playground state as well as the daycare centers and dormitory conditions. In addition, it launches centers which give assistance to children who are handicapped.

His link with Mercedes

Since joining the Mercedes Benz, he has made the company F1 team successful.  ‘Mercedes’ prosperity begun from 2014 five seasons by winning 74 out of 100 racing competitions. Under his leadership, the team has flourished, out of 100 points they secured 84, out of possible 200 podium finish, they secured 147, and 51 of the lockouts in the front-row. Also, after attaining team leadership, ‘Mercedes’ has conserved a 65% impressive win.

As a leader of the team, he came up with a culture of no blame. During the failure of the team from attaining the result being desired, no individual was to be blamed. In this case, the causative of the failure is held responsible. And to make sure it’s not replicated in the future, measures are taken. Through this criterion of evaluating a problem, the team is able to identify upcoming leaders. This is apart from the team success contribution.

Over the year’s association with the team as the head, he has preserved a relationship that is healthy with Lewis Hamilton, the most successful of the team racers. As the boss, he gives Hamilton a chance to explore other environments apart from the formulae one environment. This enables an optimum performance delivery by the racer during the races. In many of the occasions he has been interviewed, he says the partnership success between him and Hamilton is based on trust, which plays the key role.

‘Mercedes’ team in 2018 equalized the all-time record of Ferrari through its successive wins in the double championships of the world. They made 2018 their most prosperous year in its racing motorsport history. This was through attaining the titles in Formulae one, formulae two, formulae three, and formulae one eSports. Also, in customer championships racing, they won several titles.

His recognition for the success of the team was in 2018. This took place at Autosport Awards. He was given ‘John Bolster Award’ as the honor of his contribution by Jean Todt, FIA President. At the 2018 prize giving Gala of FIA held in Russia, he was honored with a ‘Presidents Award’ alongside Niki Lauda, the non-executive chairman.

Net Worth

Toto Wolf is a professional former racing driver and also an investor from Austrian. Currently, he is the principal of the team as well as Mercedes AMG P. F1 team CEO. In the team, he owns a 30% share and also former ‘Williams Formulae One’ shareholder of the team.

His carrier in motorsport begun in the Formula Ford Austrian Championship, then he also took part in Formula Ford German Series.  In Nurburgring twenty-four hours 1994, he emerged the winner of his category. He later took part in the Italian GT and FIA GT championship competition.

In 1998 he created Marchfifteen as an investor and in 2004 established March sixteen investments. At first, his focus was on technology and internet companies. The investments include HWA AG of Germany and Williams Formulae One team.

 His focus has been on a calculated investment in companies which are listed and medium-sized industries. Investments include the HWA AG of Germany, in which in 2006 he got a 49% stake, listing the company in 2007 on the stock market exchange. This company runs Mercedes Benz masters Deutsche Tourenwagen race program. Thus develops engines for formulae three and the Mercedes Benz Gullwing racing car SLS GT3.

His other stakes include one of the Europe largest rally dealers of parts, the BRR Rallye Racing. Also, he is Mika Hakkinen sports management company co-owner, through his involvement in the racing drivers’ management. He managed drivers such as Alexandre Premat, Valtteri Bottas, and Bruno Spengler.

The estimated net worth of Toto Wolff is about $450million. In the Northants, he owns a house and also luxury vehicles. His vehicles include  – Maserati  Granturismo, Bugatti Veron, Mercedes Benz G-Class, Mercedes Benz C-Class, Mercedes Benz X C-Class, Mercedes GLC, Mercedes Benz SLS AMG, Mercedes AMG GT, Mercedes 300 SL, Mercedes AMG GTR and 1957 Mercedes Benz 300.

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Education Details

Toto Wolff is married to Susie Wolff. She is a Scottish racer. Together they have a child named Jack Wolff. He also has two children named Benedict and Rosa Wolff from his previous marriage.