Mercedes boss Toto Wolff enjoys massive off-track success as net worth rises

Mercedes’ on-track performances may fluctuate from week to week, but Toto Wolff is enjoying sustained success in his business ventures this year, according to a report. Forbes.

The Austrian is a business guru and owns a direct stake in his Mercedes team.

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Wolff currently owns a 33 percent stake in the Mercedes F1 team, with parent company Mercedes and INEOS holding a third of the major shareholders.

Mercedes have won just one race since the end of the 2021 season and sealed their latest constructors’ title.

Wolff’s fortunes continue to rise

According to a recent report from ForbesToto Wolff’s personal wealth has risen since the beginning of 2023.

The report says Wolff is worth $1.6 billion, up from his previous estimate of $1 billion in March.

Mercedes is one of the most popular brands in F1

„That increase comes as Mercedes F1, the grid’s second most valuable team, is now valued at $3.8 billion.

„When Forbes last valued F1’s teams, Mercedes was worth more than $1 billion in 2017, two years after Liberty Media bought the series for $4.7 billion in cash and stock.”

Wolff and Mercedes’ valuations will continue to rise, thanks to F1’s continuing rise in popularity thanks to the success of Drive to Survive and the sport’s expansion into the US and other global markets.

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