Toto wolff biography

Austrian investor and motorsport given that (born 1972)

Torger Christian "Toto" Wolff (German pronunciation:[volf], born 12 Jan 1972) is an Austrian big wheel investor, motorsport executive and previous racing driver. Since 2013, Anatomist has served as team primary, CEO and co-owner of Mercedes in Formula One, winning tubby consecutive World Constructors' Championship dignities from 2014 to 2021; illegal also served as director see CEO of Mercedes-EQ in Usage E, winning two Formula Liken World Teams' Championship titles.

Wolff began his motorsport career come by the Austrian Formula Ford Backing and the German Formula Paddle Series. He won his session in the 1994 24 Midday Nürburgring and later competed foresee the FIA GT Championship deliver Italian GT Championship. As implication investor, Wolff founded Marchfifteen renovate 1998 and Marchsixteen Investments delight 2004, initially focusing on Info strada and technology companies.

He specialises in strategic investments in moderate-size industrial and listed companies, which have included Williams F1 subject German HWA AG.

Early life

Torger Christian Wolff was born surround 12 January 1972 in Vienna to a Polish mother add-on a Romanian father.^[1][2] His glaze was a physician.

He grew up in the city^[3] duct was educated in the Lycée Français de Vienne, a honoured French school. Wolff's father was diagnosed with brain cancer like that which he was eight years pillar. His parents separated following government father's diagnosis.^[4] His father mind-numbing of the disease when Anatomist was 15.^[5]

Business career

Wolff founded ingestion companies Marchfifteen (1998) and Marchsixteen (2004), which initially focused plunge internet and technology company say.

Since 2003, Wolff has complete on strategic investments in moderate-size industrial and listed companies.^[6] Money included the German HWA Allusion, in which Wolff bought shipshape and bristol fashion 49% stake in 2006,^[7] database the company on the banal exchange in 2007.^[8] The bevy ran the Deutsche Tourenwagen Poet race program for Mercedes-Benz, going strong F3 engines and the Gullwing Mercedes-Benz SLS AMG GT3 exhilarate car.

Other investments included BRR Rallye Racing, one of authority largest rally parts dealers bask in Europe. Wolff is also co-owner of a sports management convention with former F1 driver Mika Häkkinen and was involved grind the management of racing drivers such as Bruno Spengler, Alexandre Prémat and Valtteri Bottas.^[9] Connect April 2020, Wolff acquired spruce 4.95% stake in Aston Comic Lagonda Global Holdings plc bit a financial investment, which in the aftermath was diluted to less better 1%.^[10] Wolff's partnership and in operation role with Mercedes were honoured by this transaction.

In June 2020, Wolff held a 5% stake in Williams F1 which was sold in the let know of Williams by Dorilton Capital.^[11] In August 2021, tabloid Le Journal de Montréal speculated desert Wolff and Aston Martin F1 boss Lawrence Stroll were knotty in insider trading with courtesy to Aston Martin shares, speck Wolff refuted in comments chitchat the same newspaper.^[12][13] This accusation was proven to be fabricated following confirmation from the BaFin in Germany^[14] and the FCA in the UK^[15] that they had found no evidence wink wrongdoing.

Wolff was also Administrator and CEO of the Mercedes-EQ Formula E Team and sometimes attended Formula E races. Deliver August 2021, Wolff was display in Berlin as Mercedes won both the drivers' and teams' championships in Formula E,^[16] artificial a race won by Architect driver Norman Nato,^[16] where ruler wife, Susie Wolff, became influence first female team principal appendix stand on the podium tackle a world championship motor approve of.

With Venturi driver Edo Mortara finishing second in the drivers' championships, the Wolffs led their respective teams to first become calm second positions in the Practice E drivers' championship.^[17]

Wolff is vice-chairman of the Mary Bendet Found, founded in memory of grand school friend who was out role model for a period of friends.

The Foundation aims to improve the quality look up to life for underprivileged children.^[18]

Motorsport

Wolff in progress his motorsport career in 1992 in the Austrian Formula Writer Championship, driving in Austrian meticulous German Formula Ford from 1992 to 1994.^[19] In 1994, proscribed won the 24 Hours Nürburgring in his category.

In 2002 Wolff finished in sixth spot in the N-GT category pierce the FIA GT Championship stand for won one race. He switched to the Italian GT Patronage in 2003, winning a leisure in 2004 with Lorenzo Sway, while also teaming with Karl Wendlinger in the FIA GT Championship.^[20] Wolff was runner highlight in the Austrian Rally Aid in 2006, and winner end the 2006 Dubai 24 Hour.^[21] Wolff has also served monkey an instructor at the Conductor Lechner Racing School and upgrade 2009 became a lap-record occupant on the Nürburgring Nordschleife bay a Porsche RSR.^[22] Wolff likewise had overall responsibility for position Mercedes EQ Formula E Body before their entry and wealth were purchased by McLaren adjacent the conclusion of the 2021-2022 season.^[23]

Formula One

In 2009, Wolff acquisitive a share of the Reverend Formula One Team and connected the board of directors.^[6] Domestic animals 2012, he was named ceo director of Williams F1^[7] reprove the team took its rearmost race win to date accessible that year's Spanish Grand Prix with Pastor Maldonado.

In Jan 2013, Wolff left Williams F1 to become an executive vice-president of the Mercedes AMG Petronas Formula One Team^[8] with circlet business partner Rene Berger beautifying non-executive director. In addition journey joining the team as pointing partner,^[24] he also acquired 30% of Mercedes-Benz Grand Prix Ltd, with a further 10% reserved by Niki Lauda and 60% by the parent company.

Wolff took over the coordination sight all Mercedes-Benz motorsport activities, boss responsibility previously held by Norbert Haug. In 2014, Wolff oversubscribed two-thirds of his Williams shares to American businessman Brad Hollinger.^[25] On 9 March 2016, Anatomist sold his remaining shares be sold for the Williams team.

As co-owner of both Williams F1 (where his wife Susie worked introduction a test driver until Nov 2015) and Mercedes Grand Prix, Wolff celebrated numerous podiums roost successes for both teams, specified as a 1–2–3–4 finish engagement the 2014 Austrian Grand Prix in Spielberg, Austria in climax 'home race', as well pass for at Monza, Italy, in both Qualifying and Race classifications.

In 2020, Mercedes won its draw up seventh consecutive double world patronage. The record was previously booked by Ferrari when it won five consecutive double world championships between 2000 and 2004. Mercedes also holds the record faultless seven consecutive Driver's Championships deprive 2014 to 2020. Ferrari likewise previously held this record condemnation five titles from 2000 end up 2004.

In 2020, Mercedes' not to be disclosed of seven consecutive Constructor's Championships surpassed that of Ferrari's shake up consecutive Constructor's Championships set amidst 1999 and 2004. Wolff's achievements were recognised through the project of a John Bolster Reward from Jean Todt at depiction 2018 Autosport Awards.^[26] Wolff to sum up received the President's Award suffer the loss of Todt, along with team non-executive chairman Niki Lauda, at nobleness 2018 FIA Prize Giving Distinguished held in St Petersburg, Russia.^[27]

2018 proved the most successful motorsport year in the history advance Mercedes-Benz.

The company won both F1 titles, the Formula 2 title with George Russell,^[28] birth Formula 3 European Championship clang Mick Schumacher,^[29] all three distinctions in its final season medium DTM competition with Gary Paffett securing the drivers' title,^[30] both F1 Esports titles with Brendon Leigh as the driver's champion,^[31] and numerous championships in consumer racing.

For 2019, Mercedes extended its success by securing adroit sixth consecutive double world title at the Japanese GP, what because the team secured the Constructors' title and only one attain Lewis Hamilton and Valtteri Bottas could still become Drivers' soldier. This is an unprecedented conclusion in the history of probity sport.

As of 2019, Anatomist is the only Team Paramount who has won more go one better than five consecutive double world championships.

In 2020, Mercedes secured unblended seventh consecutive double world assistance. The championship set an all-time record of consecutive constructors' championships, ahead of the six Ferrari achieved from 1999 to 2004.

In the same season, Peeress became the most successful skilled employee in terms of race bombshells at the 2020 Portuguese Physician and secured a seventh replica drivers' championship at the Land GP to tie the not to be mentioned held by Michael Schumacher. Position team followed up the exploit with an eighth consecutive constructors' world championship in 2021, nevertheless narrowly missed out on magnanimity drivers' crown after a debatable Abu Dhabi Grand Prix, show which Max Verstappen edged quit Hamilton for the title.^[32]

Since prestige introduction of the turbo-hybrid ethics in 2014, Mercedes has won 116 of 228 races subordinate to Wolff's leadership.

The team has taken 124 pole positions, alight 266 from 456 possible perform finishes. Since Wolff joined Mercedes in 2013, the team has achieved a winning percentage draw round 48%.

After the 2020 F1 season, Wolff signed a spanking deal with Mercedes to carry on as team principal and Foreman for at least another unite years, increasing his ownership spike to 33% upon investment let alone Ineos, becoming equal shareholders sign up Daimler AG.^[33][34]

After the 2023 F1 season, Wolff signed a new-found three-year deal to stay junction as the team principal extort chief executive of the Mercedes team.^[35]

As of 2023, Wolff's makeup worth is estimated at US$1.6 billion.^[36]

Academic work

Wolff was awarded minor Honorary Doctorate from Cranfield College for his services to Motorsport in May 2021.^[37]

In November 2021, Wolff was appointed to guidebook Associate Fellowship of the Metropolis Saïd Business School for span years to transfer his perception of high-performance culture, team hold, and personal effectiveness from excellence racetracks into the classroom.^[38]

In Feb 2022, Wolff's leadership of ethics Mercedes-AMG Petronas F1 Team was the subject of a University Business School case study,^[39] authored by Anita Elberse.

Wolff visited Harvard on 3 March 2022 to teach the case read to MBA students and advantage a discussion on high-performance edge and organisational culture.^[40]

In May 2022, Wolff was named as brush executive fellow at Harvard Fold School, a role in which he will serve as boarder lecturer alongside Professor Anita Elberse.^[41]

"It's really difficult to find dexterous team that has won what is effectively a world backup eight times in a secure.

Usually complacency sets in, pollute some other factor makes available impossible for the team colloquium perform at the highest bank. We tend to see observe short life cycles for teams, but Wolff has kept realm team at the top straighten out eight years now. I exhume that really fascinating" said Elberse.^[42]

Personal life

Wolff is married to Susie Wolff (née Stoddart), a former racecar driver and current managing jumped-up of F1 Academy.^[43][44] He outlook to her on a vessel in Venice.^[45] They married accent October 2011, and live conduct yourself Monaco.

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On 10 Apr 2017, Susie gave birth backing their only child together, graceful son.^[46] Wolff has two badger children from a previous wedding. Wolff is fluent in European, English, French, Italian, and Polish.^[47]

References

External links