Toto Wolff is the CEO, Team Principal and co-owner of the Mercedes-AMG Petronas F1 Team.
From humble surroundings in Vienna, Austria, Toto’s first taste of motorsport came at the age of 17, when he watched a friend compete at the Nürburgring in Germany. As well as a short single-seater racing career in his early 20s, Toto has competed successfully in national rallying, touring cars, and world championship GT racing. He is a class winner of the Nürburgring 24 Hours and Spa 6 Hours, and an overall winner at the Dubai 24 Hours.
After dropping out of the Vienna University Economics and Business, Toto founded one of the earliest tech-focused venture capital firms in Europe making a string of high-profile deals in the late 1990s and early 2000s.
Among other investments, Toto and company founder Hans-Werner Aufrecht co-owned HWA AG – the motorsport engineering expertise behind 10 DTM titles for Mercedes-Benz, over 450 Formula 3 race wins and one of the world’s most successful GT customer racing programmes. Toto divested his stake in HWA in 2015.
By this time, Toto had also created a racing driver management company with former F1 world champion Mika Häkkinen, and in 2009 he entered Formula One by acquiring a stake in the Williams F1 Team. He became Executive Director of the team in 2012, when it took its last race victory to date at that year’s Spanish Grand Prix.
Less than a year later, the board of Daimler AG asked Toto to analyse the performance of their Formula One works team. Toto subsequently acquired a 30% stake in the Brackley based team, alongside co-shareholder Niki Lauda. At the same time, he assumed the role of Head of Mercedes-Benz Motorsport, with overall responsibility for the company’s works motorsport programmes, which today include Formula 1 and Formula E.
With Toto as Team Principal, the Mercedes Formula One team has achieved an unprecedented seven consecutive World Championship doubles to become the most successful team in F1 history and most successful sports team in the world based on consecutive world championships. From 2014 to the end of 2020, the team scored 102 race wins, a winning percentage of over 70%.
Beyond Formula One, Toto is also a partner with Mercedes in the Mercedes-EQ Formula E Team and continues to invest in start-up technology companies.
He is the husband of Susie Wolff, a former F1 test driver who is herself Team Principal of Rokit Venturi Racing in Formula E.