Toto Wolff's net worth is estimated at about $2.7bn (roughly £2bn) by Forbes as of November 2026. Forbes doesn't publish a breakdown, but the asset everyone looks at is his share of the Mercedes Formula 1 team, which he has run since 2013 and which has just won the drivers' title with Kimi Antonelli.
Antonelli sealed the 2026 championship at the Mexico City Grand Prix on 1 November and became the youngest world champion in F1 history. Antonelli joined the Mercedes junior programme in 2019 and made his F1 debut for the team at 18. With the title won, attention has turned to the man who owns part of the team. Here is what the published figures support, and where the guesswork starts.
Toto Wolff net worth at a glance
| Item | Figure | Source |
|---|---|---|
| Estimated net worth (real time, 3 Nov 2026) | ~$2.7bn (≈ £2.0bn) | Forbes |
| Forbes Billionaires 2026 rank | No. 1,560 | Forbes |
| Stake in Mercedes F1 | One-third, held through his own vehicle (now 15% owned by George Kurtz) | BBC, CNBC |
| Team valuation in the Kurtz deal | $6bn (£4.6bn) | BBC |
| Proceeds from selling 5% of the team | About $300m (£230m), as reported | BBC |
| Mercedes F1 group profit after tax, 2025 | £125.9m | Companies House accounts |
| Dividends paid to shareholders, 2025 | £125m | Companies House accounts |
| Born / nationality / residence | January 1972 / Austrian / Monaco | Companies House PSC register |
How the Forbes estimate has moved
Forbes' chart puts Wolff at $1bn in April 2023. Its profile shows how quickly the number has climbed since then:
- April 2023: $1bn
- April 2024: $1.6bn
- April 2025: $1.8bn
- March 2026: $2.7bn
On 3 November 2026 the Forbes real-time tracker put him at about $2.66bn, which is roughly £1.98bn at the exchange rate of 2 November 2026. Other outlets use other numbers: Motorsport.com put him at around €2.3bn in March. Treat every one of these as an estimate. Forbes publishes no asset breakdown, and his best-documented holding, the Mercedes stake, is in a private company with no share price to look up.
The Mirror, reporting Forbes' March 2026 figure, linked the jump partly to a deal that put a much higher price tag on the team.
The $6bn Mercedes deal
In November 2025 Wolff sold 15% of the holding company that owns his third of the team to George Kurtz, the founder of cybersecurity firm CrowdStrike. Kurtz used his own money. According to the BBC, that slice equated to 5% of Mercedes F1, valued the whole team at $6bn (£4.6bn), a record for an F1 team, and left Wolff with about $300m (£230m). CNBC noted that the financial terms were not officially disclosed. The $6bn figure came from a person familiar with the deal.
Put that next to what Ineos paid: £208m for its third of the team in 2020, valuing Mercedes F1 at about £624m. Five years later, the valuation implied by the Kurtz deal was more than seven times that.
After the sale, Wolff's look-through share of the team works out at about 28.3%: a third, less the 15% of his vehicle that Kurtz now owns. At the $6bn valuation that implies roughly $1.7bn. Take that as an illustrative, back-of-the-envelope figure, not a Forbes number. One private sale of a minority stake sets a price, but it doesn't guarantee one. Forbes still describes Wolff as controlling 33%, because he controls the entity that holds the full third.
From 30% to a third
Wolff joined Mercedes in 2013 with an initial 30% stake. PlanetF1 has reported that he paid about $50m for it. Motor Sport says he raised it to 33.33% when Ineos came in, which made Mercedes-Benz, Ineos and Wolff equal partners. Forbes reports that he started as a banker and later founded two investment firms, Marchfifteen in 1998 and Marchsixteen in 2004. He bought into Williams in 2009, a stake he later sold.
What the Mercedes accounts show
The team's UK company, Mercedes-Benz Grand Prix Ltd, is based in Brackley and files full group accounts at Companies House. Its accounts for 2025, filed in June 2026, show:
- Turnover: £633.4m (2024: £632.1m), with more than £415m coming from sponsorship and licensing
- Operating profit: £166.7m (2024: £156.2m)
- Profit after tax: £125.9m (2024: £116.9m)
- Dividends paid to shareholders: £125m (2024: £100m), with a further £120m final dividend proposed for March 2026
So the team makes money and pays some of it out to its owners. The accounts don't say how the dividends were split between shareholders, so we won't put a number on Wolff's share. They also don't say how profits feed into what a buyer would pay for the team.
The directors' remuneration note shows £9.5m for 2025, up from £4.5m in 2024. It isn't broken down by name, and the notes say other board members are paid by the shareholder companies, so it can't be read as Wolff's salary. Motorsport.com has reported that he earns around €20m a year at Mercedes.
The Companies House register lists three people or bodies with significant control of the team: Ineos, Mercedes-Benz Holdings UK and Toto Wolff, each holding between 25% and 50%.
Other assets
Wolff has other interests too. Motorsport.com reports that he holds a small stake of about 1% in Aston Martin Lagonda. It also says he has invested in BBR Rallye Racing and co-owns a sports management company with Mika Häkkinen that has represented drivers including Valtteri Bottas. The report doesn't put a value on any of these.
Why the Antonelli title matters to the number
Results don't flow straight into a net worth figure. Still, they are the team's shop window. Under Wolff, Mercedes won eight constructors' titles in a row from 2014 to 2021, and sponsorship and licensing brought in more than £415m in 2025. After Mexico, Wolff hailed Antonelli as a role model for a new kind of driver. Putting an 18-year-old in the car looked like a gamble at the time. It doesn't any more.
If you are following the F1 money, see our breakdowns of Kimi Antonelli's earnings, Christian Horner's Red Bull payout and Lando Norris's fortune.
The bottom line
Three different numbers get mixed up in this story. Forbes' $2.7bn (≈ £2bn) is an estimate of Wolff's whole fortune. The $6bn is the team valuation implied by George Kurtz's purchase of a 5% slice. And the £125.9m profit and £125m dividends are audited figures for the team, not for Wolff. Only the last set is hard accounting.
