The talented driver from the world’s most important motorsports league found a way to earn millions of dollars by changing his role on the team.
The eventful life of Toto Wolff It is a story that can go unnoticed by the thousands of Argentines who became fond of Formula 1 in recent months. He director of the Mercedes team He has his own past as a runner. His history is marked by his rejections of contracts of million of dollars to prioritize your life.
The former Austrian driver also competed in the most popular motorsports league in the world, but a series of accidents would change everything he had planned. The billionaire said that his biggest dream was to be a runner but the crash that affected him affected him. took the lives of Roland Ratzenberger and Ayrton Senna. Wolff added: “I decided to cut it out, go back to university and get to work.”
His decision was also accompanied by that of several sponsors and by another unfortunate event. The Austrian’s career in motorsport had continued in minor categories and in endurance racing. In 2009 he tried to break his record in the Formula Ford of Germany, when his tire went flat while exceeding 300 kilometers per hour and he crashed into the retaining wall. Wolff highlighted this moment by describing that: “It was a horrible 15 minutes waiting for news and it was the moment I said to myself: ‘Never again to competitive racing’”.
The story of Toto Wolff, the former Formula 1 driver who did not abandon his passion for motor sports
Torger Christian Wolfbetter known as Toto Wolff, had the talent to remain in the most demanding motorsports competition on the planet but he only had a fleeting step. The Austrian had demonstrated his abilities in Formula Junior, his Nurburgring 24 Hours championship in 1994 and his subsequent outstanding performances in the NGT World Championship. But the accident at the Imola circuit in 1994 took him away from Formula 1.
After completely retiring from competitive racing in 2009, Wolff decided to continue with his passion but in a new role. The motorsport lover decided to invest in the Williams Formula One team in 2012, where he would rise to the position of executive director. But in just one year he made the jump to the Mercedes team to become director after buying 30% of its shares.
Wolff’s mandate fIt was decisive for his team to break its record of its seventh consecutive double championship of drivers and constructors in the past decade. In 2020 they expanded their dominance thanks to Lewis Hamilton positioning himself as the driver with the most races won and in 2021 they raised the bar by obtaining their eighth consecutive constructors’ championship. This season they lost the title for best driver to Red Bull’s Max Verstappen
How much is Toto Wolff’s fortune, according to Forbes
Toto Wolff mercedes 2.jpg
CRE Satellite
The Austrian’s successful career both at the wheel and at the reins of his automobile team allowed him to become one of the richest personalities in the industry. Forbes magazine estimates that his fortune amounts to 1.6 billion dollars. Despite this, Wolff does not usually show off his luxuries and prefers to vacation in peace with his family.
Source: Ambito
