Toto Wolff’s net worth over 1,000 times more than Aston Martin boss

Toto Wolff was officially declared a billionaire by Forbes this year.

Toto Wolff’s net worth will likely be mind-boggling for some, with the Mercedes team principal having racked up a fortune since switching from Williams to Mercedes at the start of 2013.

The Austrian is by far the richest team principal in Formula 1, with his net worth being over 1,000 times more than Aston Martin team principal Mike Krack.

Wolff does, of course, own a third of the Mercedes F1 side, along with INEOS and Daimler AG.

With the Silver Arrows having done so well in the sport since the turbo-hybrid era began in 2014, the team has dramatically elevated Wolff’s value, with Forbes having promoted Wolff’s status to billionaire.

Want to work in Formula 1? Browse the latest F1 job vacancies

According to, Wolff’s net worth is exactly £1 billion, whilst Krack is worth an estimated £800,000.

However, with Aston Martin having gone from being a midfield-side to a frontrunner this season, the likelihood is that Krack’s net worth will increase come the end of the 2023 F1 season, especially if the Silverstone-based team continue to perform as impressively as they currently are.

Prior to 2023, Aston Martin had claimed just one podium since 2021; however, Fernando Alonso has added three podiums to the team’s total already this year.

Alonso is yet to finish off the podium this campaign, with the Spaniard hoping to extend his incredible run of podium finishes next weekend at the Azerbaijan Grand Prix

Article continues below

Second-last on the team principal net worth list is McLaren boss Andrea Stella, whilst Ferrari team principal Frederic Vasseur is perhaps surprisingly in eighth, with the Frenchman being worth £2.5 million reportedly.

Red Bull team principal Christian Horner is second on the list but still a long way behind Wolff, with the Briton being worth £41.4 million.

READ: George Russell reveals how Lewis Hamilton stopped people from blaming him

The likes of Haas boss Guenther Steiner, AlphaTauri team principal Franz Tost, and Alpine boss Otmar Szafnauer are all in between Horner and Vasseur, with each of the gentleman being multi-millionaires.

New Williams boss James Vowles and Alfa Romeo’s equivalent Alessandro Alunni Bravi are also supposedly worth several million, putting them also above Vasseur.

Should Ferrari begin to improve this season then Vasseur’s net worth will likely increase; however, it’s unlikely he’ll get anywhere near Horner.