Who is in charge of Mercedes F1?
Toto Wolff is Team Principal & CEO of the Mercedes-AMG PETRONAS F1 Team. He is the managing partner of the team alongside wider responsibilities as Head of Mercedes-Benz Motorsport. Mercedes-Benz is owned by the German company Daimler AG, an automaker who produces a wide variety of upscale, luxurious vehicles such as buses, motorcycles, and cars.Mercedes-Benz, team principal Toto Wolff and Sir Jim Ratcliffe’s Ineos own the Formula 1 team Mercedes-AMG. Each party has an equal shareholding in the F1 team. The German car company Mercedes-Benz was a part of public limited company Daimler up until February 2022 before a full name change.Who Owns Mercedes-Benz Corporation? The Mercedes-Benz Corporation is part of Daimler AG, also known as the Daimler Group. Although Mercedes-Benz is their most well-known subsidiary, Daimler currently manufactures a wide range of high-quality cars, buses, motorcycles.Mercedes-Benz, team principal Toto Wolff and Sir Jim Ratcliffe’s Ineos own the Formula 1 team Mercedes-AMG. Each party has an equal shareholding in the F1 team. The German car company Mercedes-Benz was a part of public limited company Daimler up until February 2022 before a full name change.
How much do Mercedes F1 engineers get paid?
The average Mercedes-AMG Petronas Formula One Team salary ranges from approximately £18,000 per year (estimate) for an Industrial Placement to £153,302 per year (estimate) for a Head of Engineering. Mercedes-AMG Petronas Formula One Team employees rate the overall compensation and benefits package 3. Average Mercedes-AMG Petronas Formula One Team Intern yearly pay in the United Kingdom is approximately £20,615, which is 16% below the national average.Mercedes AMG F1 Team’s total sponsorship revenue for the 2023 season is over $166. Petronas, which is an agreement valued at $65.At the other end of the pay scale are the F1 rookies. Jack Doohan and Isack Hadjar are the only drivers estimated to be earning less than $1m.Every Formula One outfit is now worth more than US$1 billion as team valuations hit an average of US$2. Sportico’s latest rankings. Ferrari lead the way with a valuation of US$4. Mercedes at US$3. Red Bull round out the top three at US$3.Max Verstappen of Team Red Bull is the highest-earning Formula 1 driver at $65 million per year.
Who in F1 is a billionaire?
Toto Wolff net worth – $1. Prominent American business magazine Forbes listed Mercedes CEO and team principal Wolff as having hit the landmark of becoming a billionaire in April 2023, making it onto the official list of Forbes Sports Billionaires for the first time. His wealth, estimated at around $1. Billion as of 2025, has been built through a combination of his role at Mercedes, personal investments, and strategic ventures in motorsports and beyond. While Wolff may not be richer than his star driver, Lewis Hamilton, his financial standing is nonetheless remarkable.Lewis Hamilton, with a net worth of $300 million, surpasses Max Verstappen’s $200 million. Hamilton’s wealth is from Formula 1 earnings, endorsements, smart investments, and properties.
Who is the richest F1 team principal?
Under his wing, the team has won six Constructors’ titles and eight Drivers’ titles, with Sebastian Vettel (2010-13) and Max Verstappen (2021-24). Toto Wolff is the richest F1 team principal on the 2025 grid. Conclusion. Formula 1 is as much about business as it is about racing, with the top teams boasting valuations in the billions. In 2025, Ferrari leads as the richest team ($4. Mercedes ($3. Red Bull Racing ($3. McLaren ($2. Aston Martin ($2.Not all F1 teams have become profitable, but most are in better financial shape: Mercedes-Benz Grand Prix Ltd, whose operations include the racing team and an engineering services division, achieved a 21 per cent operating return on revenue of £546 million in 2023, according to accounts filed at the UK’s Companies .LVMH stepping into Formula 1 in 2025 for a rumored annual sum of US$150 million is proof of that. Rolex has sponsored the biggest motorsport circus on Earth since 2011. Initially, the world’s biggest and most famous luxury watch brand paid US$10 million annually, which rose to US$50 million per F1 season.
Who are the 3 owners of Mercedes F1?
Mercedes-Benz, team principal Toto Wolff and Sir Jim Ratcliffe’s Ineos own the Formula 1 team Mercedes-AMG. Each party has an equal shareholding in the F1 team. The German car company Mercedes-Benz was a part of public limited company Daimler up until February 2022 before a full name change. Toto Wolff has rejected claims that Sir Jim Ratcliffe’s INEOS came close to splitting with the Mercedes F1 team. Ratcliffe, who is a minority shareholder of Manchester United, owns one-third of the F1 team with his company INEOS. Wolff and Mercedes-Benz also each own one-third of the team.Mercedes F1: Get to Know CEO and Team Principal Toto Wolff – Mercedes-AMG PETRONAS F1 Team.