Torger Christian “Toto” Wolff (born 12 January 1972) is an Austrian investor and former racing driver. He holds a 33% stake in Mercedes AMG Petronas Motorsport Formula One Team and is Team Principal and CEO of the team.
Does Toto Wolff own Mercedes F1?
Toto Wolff is the CEO, Team Principal and co-owner of the Mercedes-AMG Petronas F1 Team.
Who owns the Mercedes F1 team?
How much does Toto Wolff make a year?
His net worth is believed to be nearly $580 million (approximately). As a Team Principal, Toto Wolff reportedly earns €8 million a year.
Does Mercedes own Mercedes F1?
They currently own 33 percent of the team based in Brackley, England, which is currently named Mercedes-AMG Petronas F1 Team and uses a German licence.
Mercedes-Benz in Formula One.
|2021 Formula One World Championship|
|Drivers’ Championships||9 (1954, 1955, 2014, 2015, 2016, 2017, 2018, 2019, 2020)|
Why is Toto Wolff so rich?
Biography. After a short racing career in the Austrian Formula Ford, Torger Christian ‘Toto’ Wolff found a new outlet for his talent – investment. He founded his own investment company, Marchfifteen, in 1998, followed by Marchsixteen in 2004. … in January 2013, Toto became managing partner.
How is Toto Wolff so rich?
As an investor, Wolff founded Marchfifteen in 1998 and Marchsixteen Investments in 2004, initially focusing on Internet and technology companies. He specialises in strategic investments in medium-sized industrial and listed companies, which have included Williams F1 and German HWA AG.
Why is Mercedes so dominant F1?
Having both high speed and skilled drivers in the team has benefitted the team to a great extent. Mercedes amass quality racers in their team who have quite a lot of knowledge of strategies and speed. Further, the hybrid technology of the car makes it one of the finest cars in the F1 racing realm.
What engine do Mercedes F1 use?
Mercedes F1 W05 Hybrid
|Width||1,800 mm (71 in)|
|Height||950 mm (37 in)|
|Engine||Mercedes-Benz PU106A Hybrid, 1.6 L (98 cu in), 90° – V6 turbocharged engine, limited to 15,000 RPM, in a mid-mounted, rear-wheel drive layout|
|Electric motor||Motor Generator Unit–Kinetic (MGU-K), Motor Generator Unit–Heat (MGU-H)|
Do Mercedes own McLaren?
Mercedes-Benz SLR McLaren
DaimlerChrysler was the engine supplier to McLaren Racing through its Formula One partner Mercedes-Benz division. The final stages of production of the Mercedes-Benz SLR McLaren took place at a designated assembly facility at the McLaren Technology Centre.
Who is Toto Wolff wife?
Susie Wolffm. 2011
Do F1 teams make money?
It is possible to turn a profit for an F1 team. Running a formula one team requires a lot of money. Given the money the teams receives based on their performance, they also generate revenues or make money from other sources of income.
Is Susie Wolff related to Toto Wolff?
In 2016, Wolff joined Channel 4 in the UK to be an analyst for their Formula One coverage. In 2018, she joined Venturi Racing in Formula E as Team Principal. She lives in Ermatingen, Switzerland, with her husband Toto Wolff, Team Principal and CEO of the Mercedes AMG Petronas Formula One Team.
How much did Mercedes F1 earn in 2020?
Turnover was 363.6 million pounds, up from a previous 338.4 million, due mainly to increased sponsorship and marketing revenue. Formula One is introducing a $145 million budget cap from next season as part of measures aimed at creating a more level playing field for the 10 teams as well as a more sustainable future.
Who owns Mercedes Benz now?
Who owns Ferrari now?