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Toto Wolff contemplates selling stake in Mercedes F1 Team
Toto Wolff has become nearly synonymous with the Mercedes Formula One project since he invested in the organisation and assumed the role of team principal back in 2013. However, with his 33 per cent stake in the team now valued at an estimated £1 billion ($1.26 billion), the time may have come for the Austrian to consider stepping away and selling up. The 52-year-old joined Mercedes over a decade ago, relinquishing his shares in F1 rivals Williams to become a director at the Silver Arrows. Wolff parted with a substantial eight-figure sum to acquire his stake in the team, and that investment has since propelled his personal net worth into the billions. READ: Eddie Jordan and David...
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1y ago from Formula1News.co.uk
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