Posted: December 18 2020 He got education from a French school in Austria, Vienna regardless of coming from a humble background. Toto Wolff is an Austrian investor and former racing driver. Wolff’s investment comes at a time when multiple rumors have linked the Austrian with a role at Aston Martin in the future. … Wolff began his motorsport career in the Austrian Formula Ford Championship and the German Formula Ford Series. Essentially Sports © 2020 | All Rights Reserved. Toto Wolff who is also the 33 per cent co-owner of the Mercedes F1 team also revealed the reason for a 1-year contract. Toto Wolff is a shrewd businessman, the Austrian having made a series of strategic investments over the last two decades, including previously being a shareholder of the Williams F1 team. Could this investment be Wolff’s first step towards a future role at Aston Martin? His double life as one of (if not the) greatest Formula 1 leaders in history, overseeing Mercedes’ seven consecutive championship doubles, alongside a career as an ultra-successful businessman, is a world away from the one he grew up with in Vienna. Mercedes F1 team principal Toto Wolff has done a pretty good job of staying out out of the limelight during Formula 1's nearly three-month shutdown due to the COVID-19 pandemic. But previous rumours of Wolff taking on the role of CEO for the Aston Martin company were batted away by the man himself – in the world of Formula 1 Wolff has overseen six consecutive Drivers’ and Constructors’ Championship doubles for Mercedes. 2003 gewann er ein Rennen der GT1-Klasse in Italien. Among his investments have been the Williams F1 team, German HWA AG and BRR Rallye Racing. Mercedes’ parent company Daimler is a long-term shareholder in Aston Martin after agreeing a deal in 2013 for 5% of non-voting shares – the shares were in exchange for Daimler to provide Aston Martin’s next generation of cars with electronics and high-performance engines. Toto Wolff signs three-year extension with Mercedes as team adds new ownership Associated Press Dec 18, 2020, 2:00 PM EST Joe Portlock - Formula 1/Formula 1 via Getty Images A Mercedes spokesperson, as quoted by Motorsport.com, said: “Fully diluted following the pending rights issue, this investment will represent a 0.95% stake in the company. Obviously, the rumour mill sparked to life with suggestions that he may join the team. He has reportedly purchased a 4.77% stake, but a rights issue will dilute it to make it worth 0.95% of the company. This led to many rumors of Toto Wolff jumping ship to Aston Martin when it returns to F1 in 2021. He won his category in the 1994 … Racing Point currently buy their engines from Mercedes. This enabled him to fuse his racing passion with his business nous. Wolff worked alongside Brawn as Mercedes’ director of motorsport and took a 30% stake in the team with the remaining 60% owned by Mercedes. Wolff makes personal investment in Aston Martin. He founded his own investment company, Marchfifteen, in 1998, followed by Marchsixteen in 2004. According to some reports, Wolff is at odds with the higherups in Stuttgart and doesn’t necessarily get along with Daimler boss Ola Kallenius. The investment itself is quite minor, with the Austrian purchasing a 1% stake. Wolff came to understand the potential opportunities in motorsport with investments in Williams F1, German HWA AG, and BRR Rallye Racing. Don’t be expecting a fairytale double-move for the pair to Aston Martin though, Wolff has said already that his future is with the Silver Arrows. But I am and will remain the head of Mercedes Motorsport and F1 boss, and nothing will change in the short term.”. For now, Wolff looks set to lead the Brackley outfit. Toto called time on his racing career just three years later, pursuing his business career and finding a new outlet for his talent – investment. He already invested in Aston Martin and now he's also taken a five percent stake in Williams. Could this play a part in hampering Wolff’s long-term involvement with Mercedes? A couple of weeks ago, Mercedes F1 team principal Toto Wolff invested in British manufacturer, Aston Martin. “Of course, this also has to do with my decision on what to do in 2020 and beyond. Wolff’s investment comes at a time when multiple rumors have linked the Austrian with a role at Aston Martin in the future. First, Wolff’s current deal with Mercedes expires at the end of 2020 and there are rumors of a possible rift. Wolff’s contract with Mercedes is up at the end of 2020, as is six-time World Champion Lewis Hamilton’s who is keen to know Wolff’s future before deciding his own. Allegedly, the investment is worth 37 million pounds. However, I am somewhat surprised by the turn of events over the winter and by the behaviour of individual people,” he told Austrian media previously. Toto is claiming the investment to be a personal decision but why would he invest in a company with an appalling financial […] The partnership and executive role with Mercedes are unaffected by the transaction. He holds a 30% share in Mercedes AMG Petronas Motorsport Formula One Team and is Team Principal and CEO of the team. Mercedes boss, Toto Wolff, has explained why he recently bought shares into luxury British carmaker Aston Martin. Nachdem ich dort einige Zeit verbracht hatte, visierten wir diesen Bereich bei meiner Rückkehr nach Österreich an. ... Mercedes, is in a huge transformation towards electric mobility and that means investments. In 2009 Wolff took his investment strategy to the next level with Nextmarch, which has a much broader remit than his previous vehicles. When quizzed on his future with Mercedes, Wolff confirmed that he was staying for the short term. 2002 wurde Wolff Sechster in der NGT-Klasse der FIA-GT-Meisterschaft und erzielte einen Klassensieg. Toto Wolff (born 12 January 1972) is an Austrian investor and former racing driver. Mercedes F1 boss Toto Wolff takes a stake in Aston Martin 'Fully diluted following the pending rights issue, this investment will represent a 0.95% stake' Wolff himself has denied all rumors of a role at Aston Martin. Wir sind zum richtigen Zeitpunkt eingestiegen und auch zur rechten Zeit wieder ausgestiegen. The report states though that Wolff doesn’t plan on becoming involved with the British sportscar manufacturer’s F1 programme. Italy’s Auto Moto claims the deal was brokered by Horatio Investments. After a short racing career competing in Austrian Formula Ford, Toto pursued a business career and found a new outlet for his talent – investment. The Mercedes boss is raising eyebrows and triggering widespread speculation after the transaction was recently revealed. Speaking to Sportsmail, a source said: “Fully diluted following the pending rights issue, this investment will represent a 0.95 percent stake in the company. He was born on January 12th,1972 in Austria capital, Vienna, his mother a polish and the father from Romanian origin. However, he has insisted that it is a mere “personal financial … 1998, founded the investment company Marchfifteen; 2004, founded Marchsixteen, focusing on early-stage technology investments in mid-sized companies, including HWA, the company responsible for developing and racing Mercedes-Benz cars for the DTM (German Touring Car Championship) as well as Mercedes … This would be a first step to secure later steps should Wolff … Investments include the German HWA AG, in which Wolff bought a 49% stake in 2006 listing the company on the stock exchange in 2007. ... 19, has just switched to the Mercedes driver management arm headed by team boss Toto Wolff. According to Sportskeeda, Wolff has a net worth of around $450million (£329m). Toto Wolff has turned a lot to gold. Having joined ES in January 2020, he has over 700 articles to his name. “I’m in the eighth year now. The Austrian termed Stroll a friend and business partner but ruled out an operational role at the British team. 2004 fuhr Wolff gemeinsam mit … Wolff’s investment comes at a time when multiple rumors have linked the Austrian with a role at Aston Martin in the future. Sir Jim Ratcliffe’s company joins Daimler AG and Toto Wolff as equal partner. Mercedes Formula 1 boss Toto Wolff has made a personal investment in Aston Martin, Autosport has learned, but he remains fully committed to his current role at the title-winning team While many may dismiss Wolff’s involvement with Aston Martin as a mere investment, there are a few details to consider. After a short racing career in the Austrian Formula Ford, Torger Christian ‘Toto’ Wolff found a new outlet for his talent – investment. Apr.27 (GMM) Toto Wolff insists his new involvement with Aston Martin is a mere “personal financial investment”. I love sports and this team. “On my future, I have bought a few shares in Aston Martin as a financial investment,” said Wolff. Mercedes team principal Toto Wolff has purchased a £37 million stake in the Aston Martin brand. It’s no secret that the Canadian billionaire and Toto get along well. In a surprising move, Mercedes team principal Toto Wolff has purchased shares in Aston Martin. Abhishek Bharadwaj is an F1 author and content strategist at EssentiallySports. Toto Wolff wird Investor beim britischen Sportwagenhersteller Aston Martin, verhandelt aber weiter mit Mercedes um seine Zukunft als CEO und Teamchef Ihr JavaScript ist ausgeschaltet. Formerly: amateur driver, including class and overall wins in endurance racing. Toto Wolff is not only team boss of Mercedes, but the Austrian is also busy with all kinds of other things, including investments. Toto Wolff-Aston Martin timeline. A spokesperson confirmed the Austrian’s investment in the iconic British manufacturer and disclosed a few details. Follow us on Twitter @Planet_F1 and like our Facebook page. While many may dismiss Wolff’s involvement with Aston Martin as a mere investment, there are a few details to consider. The investment by ErsteAM is a financial investment for Toto Wolff, the Austrian motorsport and business investor, who has enjoyed record-breaking success as the Team Principal, managing partner and CEO of Mercedes-Benz Grand Prix Ltd. since 2013. Wolff focused instead on his investment companies Marchfifteen and later Marchsixteen Investments which concentrated on IT companies. ‘It is a financial investment and Toto’s partnership and executive roles with Mercedes are unaffected by the transaction.”. Mercedes F1 boss Toto Wolff has bought shares in Aston Martin, but he remains committed to the Silver Arrows, Motorsport.com report. Mercedes chief Toto Wolff has bought a stake worth about £37million in Aston Martin, the British sports car company that will return to the Formula One grid as a works team next year. While the amount concerned may seem like a large investment, Wolff has purchased a 0.95% stake in Aston Martin, and this is not a move that should be viewed as the first step of his rumoured move to Racing Point , the team that will become Aston Martin, for the 2021 season. His father was diagnosed with a brain tumor when Wolff was at the age of 8 years old. His friendship with Lawrence Stroll, who heads the consortium that heavily invested in Aston Martin and which bought the Racing Point F1 team that will be rebranded Aston Martin F1 in 2021, is well known. He founded his own investment companies and in November 2009, Toto merged his passion for racing and investment by investing in the Williams F1 Team. Ineos buys 33 per cent stake in Mercedes F1 team. However, The Austrian made some cryptic remarks which hint at a possible internal conflict. That company was founded by Adam Norris, who is Lando’s millionaire father. Wolff’s friend Lawrence Stroll recently bought in to Aston Martin, agreeing a deal to transform his Racing Point team to Aston Martin in the process for 2021. Recently, Wolff and Stroll missed a high-level meeting between the teams and the FIA. After studying at the Vienna University of Economics and Business, Toto founded his own investment company, Marchfifteen, in 1998, followed by Marchsixteen in 2004. He has a liking for German champions in the sport, as his Formula One idols include Sebastian Vettel and Michael Schumacher. He was formerly a shareholder of Williams F1. [Former Mercedes AMG chief] Tobias Moers [new chief executive of Aston Martin] is a guy I’ve known since a long time and I believe he can turn around this business. “It is a financial investment and Toto’s partnership and executive role with Mercedes are unaffected by the transaction.”. Check out this biography to know about his childhood, family, personal life, career, achievements, etc. In den Jahren 1993 und 1994 fuhr er in der österreichischen und deutschen Formel Ford. When it comes to F1 teams, Abhishek dons a british green racing jersey to show his support for the Aston Martin F1 team. However, the World of F1 is a volatile place where permanence isn’t a guarantee. While he was first introduced to the world of F1 in 2006, he started religiously following the sport in 2012 and has had an undying passion for it ever since. Following the diagnosis, his parents’ part and the father passed on due to the disease when Wolff was at the adolescence stage. Toto Wolff is Team Principal & CEO of the Mercedes-AMG Petronas F1 Team.