In 2002, Toto started a new venture, co-owning a racing driver management company alongside two-time Formula One World Champion Mika Häkkinen. The same year, Toto returned to racing, winning once en route to sixth in the FIA GT World Championship. Further success followed in 2006, when Toto claimed top overall honours at the 24 Hours of Bahrain.
In November 2009, Toto merged his passion for racing and investment by investing in the Williams F1 Team. By July 2012, Toto was the Executive Director of the team, playing a key leadership role as Williams scored its first win in eight years at the Spanish Grand Prix that season.
Less than a year later, Toto was announced as managing partner of the Mercedes-AMG F1 Team in January 2013 after purchasing a 30 per cent stake of Mercedes-Benz Grand Prix Ltd.
Subsequently appointed Head of Mercedes-Benz Motorsport at the end of 2013, Toto went on to assume full responsibility for the entire Mercedes-Benz motorsport programme – from Formula One to Formula E, sports cars and the Formula 3 engine programme.
An entrepreneur, an investor and a racer, motorsport runs in Toto Wolff’s blood. Under his leadership, the Mercedes-AMG F1 Team has clinched seven consecutive Formula One Double World Championships.
At the end of the 2020 F1 season, it was announced that Toto had increased his stake in the team, with Toto, INEOS and Daimler AG all holding one-third equal shareholding. Under the new structure, it was confirmed Toto will remain in his role as Team Principal and CEO for a further three years.