How Mercedes boss Toto Wolff became F1's $2billion man and 'it should have been more'

Toto Wolff has become a significant figure in Formula 1, with his stake in the Mercedes team now valued at $2 billion. He initially bought a 33 percent share in 2013 for about $55 million, and after selling a portion of his stake, he retains 28 percent ownership. The team's overall valuation has skyrocketed to $6 billion, showcasing Wolff's successful investment strategy and leadership in the sport.

Wolff's partnership with the late Niki Lauda was pivotal, as Lauda took a 10 percent stake in the team, contributing to their success. Wolff credits his childhood experiences for his desire for control and accountability in his professional life. His leadership has led Mercedes to multiple championships, highlighting the effectiveness of their collaborative approach and the trust placed in them by the team’s management.