How much does Toto Wolff own of Mercedes?
Toto Wolff is in advanced talks to sell part of his 33% stake in the Mercedes Formula 1 team which would put its overall valuation around £4. ESPN. And even though Toto Wolff’s annual salary technically dropped from $8 million in 2023 to $6 million in 2024, the team’s $134 million dividend (split evenly between the team’s three owners) resulted in the Mercedes team principal still walking away with more than $50 million in earnings.George Russell is negotiating a new Mercedes contract beyond 2025, aiming to boost his $15 million base salary to $30-40 million annually. Talks have stalled over contract length and clauses, like performance- based extensions against teammate Kimi Antonelli. Russell is confident in staying, emphasizing a fair deal.
Who owns 51% of Red Bull?
Johnny Snyder The Yoovidhya family, through TC Agro Trading Company Ltd. Red Bull GmbH. The remaining 49% is held by Mark Mateschitz, son of the late Co-founder Dietrich Mateschitz. Mark Dietrich Mateschitz (German: [ˈmatεˌʃɪt͡s]; born 7 May 1992) is an Austrian billionaire heir, who owns 49% of Red Bull GmbH, the energy drink company co-founded by his father, Dietrich Mateschitz.
Who is richer, Ferrari or Mercedes?
Ferrari leads the pack as the most valuable F1 team at $3. Mercedes at $3. The race isn’t just on the track! That would be Ferrari, the sport’s most storied team, which is worth $6. Forbes estimates.McLaren Racing was valued at more than $5 billion in a recent stake sale, Axios has learned. Why it matters: This is an all-time record valuation for an F1 team, topping the $4. Ferrari’s F1 team nabbed last year. Expect an official announcement from McLearen later today, sans pricing.
Is Toto Wolff a billionaire?
Billionaire Mercedes F1 Owner Toto Wolff’s Winning Formula The hard-driving billionaire built Mercedes’ F1 team into an auto racing dynasty. Their championship days may be in the rear-view mirror, but he is more successful than ever. Sir Lewis Hamilton is the richest F1 driver in the world, and makes History as the most decorated driver in F1.