Mercedes boss Toto Wolff is the wealthiest team principal in Formula One. He is also the most successful team boss in F1 history, with eight consecutive constructor titles and seven driver’s titles under his belt. Clearly, Wolff has come a long way as a professional racer, then as an investor, and from 2013 as the team principal of the Mercedes F1 team.
And to add another gem to the list, the Austrian has become one of the newest entries to the Forbes list of top billionaires in the sports industry. There are a lot of big names on the list, including LeBron James and Tiger Woods. James and Woods are the only two players on the list to earn a billion dollars as active athletes in their respective sports.
Toto Wolff Is One Of The Wealthiest Men In The Sports Industry
Last year in June, Forbes declared LeBron James to be a billionaire. However, unlike Woods and James, the Austrian billionaire Toto Wolff made a lot of money as the team boss of the Mercedes F1 team. Well, Toto started as a professional racer in motorsport back in 1992. Later, he became an investor in 1998. Wolff established a couple of investment companies called Marchfifteen in 1998 and Marchsixteen in 2004. These companies were specifically investing in technologies.
Since the early 21st century, the market of technologies has been going through a big boom. Meanwhile, Toto Wolff has been continuing his professional driver’s career. Later in 2009, Toto Wolff bought some shares of the Williams Racing team and then joined the board of directors. After four years with the Williams team, Wolff joined the German team in 2013, and the rest is history.
The Forbes List Of Top Billionaires In The Sports Industry As Of March
According to Forbes, as of March 2023, these are the following billionaires in the sports industry:-
- Robert “Woody” Johnson – Mr. Johnson has got a net worth of $3.4 billion. He owns the New York Jets, an NFL team, as his family assets. He played the role of UK ambassador during Donald Trump’s tenure.
- Larry Tanenbaum – This Canadian sports tycoon owns shares of a lot of his country’s sports teams, like Toronto Raptors in the NBA, Toronto FC in MLS, and Argonauts in the Canadian Football League plus, he also shares ownership of the Maple Leafs in NHL. Mr. Tanenbaum is the chairman of Maple Leaf Sports and Entertainment. He has a net worth of $2 billion.
- David Blitzer – Mr. Blitzer has a net worth of $1.9 billion. He owns a lot of US sports teams like Cleveland Guardians, Real Salt Lake, Philadelphia 76ers, and so on.
- Mark Davis – Mr. Davis has a net worth of 1.9 billion dollars. He owns the Raiders franchise in NFL.
- Amy Adams Strunk – She has a net worth of $1.7 billion. She owns Tennessee Titans. Strunk is one of the pioneers of female ownership in the NFL.
- Irving Grousbeck – Irving has got a net worth of $1.6 billion. He owns Boston Celtics.
- The Steinbrenner Children – Hal, Jennifer, and Jessica they each have a net worth of $1.3 billion. They own the most valuable team in MLB, the New York Yankees, and parts of New York FC in MLS.
- Tiger Woods – The man who popularised the sport of golf, Mr. Tiger Woods, has got a net worth of $1.1 billion.
- LeBron James – King James has a net worth of $1 billion.
- Toto Wolff – Mercedes boss, has a net worth of $1 billion. The Netflix show indeed helped him gain colossal popularity all over America as well as the world.
