Torger Christian “Toto” Wolff (German pronunciation: [volf], born 12 January 1972) is an Austrian billionaire motorsport executive, investor, and former racing driver. He holds a 33% stake in the Mercedes-AMG Petronas F1 Team and is Team Principal and CEO of the team.
Does Mercedes own the F1 team?
The Mercedes-AMG Petronas F1 Team, which is based in Brackley, England, and possesses a German licence, as of 2022 majority owned by the Mercedes-Benz Group with Toto Wolff having a significant shareholding.
Constructor.
| 2022 Formula One World Championship |
| Fastest laps |
96 |
| 2021 position |
1st (613.5 pts) |
Does Toto Wolff own Mercedes F1?
Unlike Horner who does not own a part of Red Bull Racing, and is just an employee, Wolff does own Mercedes’ F1 Team – or at least a part of it. Team ownership of the octuple world champions is split three ways. Wolff owns 33.33%, as does Daimler – the ultimate parent company of Mercedes-Benz itself.
Who bought Mercedes in F1?
The car maker has taken a 75.1% stake in Brawn, which will be rebranded as the Mercedes GP team from next season. According to a statement, Mercedes has relinquished its 40% stake in the Vodafone McLaren Mercedes F1 team but will remain its engine supplier for the next six seasons.
Who owns shares of Mercedes F1 team? – Related Questions
Who owns F1 Red Bull?
The Red Bull racing Formula One team is owned by an Austrian entrepreneur named Dietrich Mateschitz. After starting the Red Bull energy drink brand with Thai businessman co-owner Chaleo Yoovidhya, Mateschitz decided to expand the company into the realm of sports, including Formula One.
How much does Petronas pay Mercedes F1?
By comparison, Mercedes’ title sponsors, Malaysian oil giant Petronas reportedly shell out $75 million annually, according to Forbes.
Is Mercedes F1 being sold?
Daimler Benz has sold down their 70% stake in the F1 team, and is looking for a complete exit for their remaining 30% over the next two seasons.
Does Petronas owned Mercedes F1?
Arguably one of the most successful Formula 1 teams in history, Mercedes-AMG Petronas has shifted its ownership structure. Principal Partner INEOS has become an equal partner of the Formula 1 team, splitting ownership between Daimler AG, Toto Wolff (Team Principal and CEO) and itself.
How much of Mercedes F1 does Daimler own?
It takes Daimler to a low of 33% ownership of a team it has controlled 60% of until now, and it’s tempting to view that as the first step in a gradual exit strategy. Sacrificing some of its stake is a dilution of Mercedes’ control and responsibility, after all.
How much did Toto Wolff invest in Mercedes?
Toto Wolff Net Worth is $540 Million (£410 Million UK Pounds). Toto Wolff earns $26 Million salary from Mercedes F1 Team. Toto Wolff Biography and Earnings.
Toto Wolff Net Worth.
| Net Worth |
$540 Million |
| Salary from Mercedes |
$26 Million |
| Assets |
$370 Million |
| Investments |
$140 Milion |
| Loans & Liabilities |
$41 Million |
Who is the richest person in F1?
- Sebastian Vettel: US$140 million.
- Jenson Button: US$150 million.
- Niki Lauda: US$200 million.
- Kimi Räikkönen: US$250 million.
- Fernando Alonso: US$260 million.
- Lewis Hamilton: US$285 million.
- Michael Schumacher: US$600 million.
Who is the richest F1 driver?
Who is the richest Formula 1 driver ever? Michael Schumacher is thought to be the highest-paid Formula 1 driver of all-time, as well as one of the highest-earning sportspeople ever. With five consecutive titles and a record-setting seven championships, the German completely dominated the sport in the early 2000s.
How much does Verstappen make annually?
Max Verstappen
He signed a five-year extension in March 2022 and reportedly will make around $62 million a year on it.
How much do F1 pit crew get paid?
F1 Pit Crew Members Salary 2022
| Pit Crew Member |
Per Race |
Annual Salary |
| Crew Chief |
$10,000 |
$1 Million |
| Refueling Person |
$5,000 |
$350,000 |
| Tyre Changers |
$5,000 |
$350,000 |
| Tyre Carriers |
$3,500 |
$270,000 |
Was Michael Schumacher a pay driver?
He won seven world championships throughout his tenure with the likes of Benetton and Ferrari. However, despite all his guts and glory, he is one of the most successful ‘Pay Driver’ F1 has ever produced. Money is the most essential part of the F1 world as this sport is known for its riches.
How much does Lewis Hamilton make in a year?
40 million USD (2022)
Lewis Hamilton / Salary
Do F1 drivers get paid per race?
A successful driver in F1 can earn a lot of money, and reports showed in 2021, F1 earned more than $2 billion in revenue. Race winnings are not paid to drivers directly. Instead, the racing teams pay the driver’s salaries.
What is the lowest paid F1 driver?
Nicholas Latifi is among the lowest-paid drivers on the grid, with the Canadian thought to be on a salary of $1m, matching that of F1 rookie Guanyu Zhou and Haas driver Mick Schumacher.
What cars does Lewis Hamilton own?
What Kind of Car Does Lewis Hamilton Drive?
- 2021 Mercedes-AMG One.
- 1966 Shelby 427 Cobra.
- 2002 Mini Cooper.
- 2018 Ferrari LaFerrari.
- 2016 McLaren P1.
- 2021 Mercedes-AMG One. Price: $2.72 Million. Engine: 1.6-liter turbocharged 90-degree V6.
- 1966 Shelby 427 Cobra. Price: $2.1 Million.
- 2002 Mini Cooper. Price: $4,290.
Does Lewis Hamilton own a private jet?
How do we know about Hamilton’s love of private jets? Back in 2017, the now infamous ‘Paradise Papers’ documents revealed that Hamilton received a £3.3 million (~$4.65 million) VAT refund on the £15.5 million (~$21.85 million) purchase of his jet.
William Getty lives and breathes cars. He started driving cars as a 12 year old on the racetrack with his dad. Since then cars has always been a big part of Williams life.
In his garage you can find his beloved 2005 Ford Mustang, as well as a 2020 Audi A3.
