Toto Wolff : Sa fortune augmente de 60% en un an

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According to Forbes, his fortune increased by 60% in one year

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Toto Wolff may not be celebrating much on track with the current challenges facing his Mercedes F1 team, but his financial fortune is doing well.

After becoming a billionaire last year (read here), Forbes updated its ranking 12 months later and Toto’s performance is impressive enough that Forbes adds him for the first time to its prestigious list of Sports Billionaires.

According to the publication, his fortune now stands at 1.5 billion euros, an increase of 60% from last year. However, the bulk of the Austrian’s current prosperity is linked to the value of the Mercedes F1 team.

As a 33% shareholder in the Brackley team, Wolff’s estimated net worth has risen by 500 million euros, reflecting the team’s increased valuation in the current context of the thriving F1 scene.

“Forbes now estimates Toto Wolff’s fortune at 1.5 billion euros, up from one billion (dollars) in March 2023,” notes the magazine.

“This increase can be explained by the fact that Mercedes F1, the second most valuable team (behind Ferrari), is now estimated at 3.8 billion dollars.”

“When Forbes last evaluated F1 teams, two years after Liberty Media bought F1 in 2017 for 4.7 billion dollars, the Mercedes team was valued at just over a billion dollars.”

The second richest team boss on the grid is Christian Horner, Wolff’s archenemy in the paddock. But the Briton is far behind the Austrian as Forbes indicates that he has a cash value of around 50 million dollars, with an annual salary approaching 10 million euros.

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