>


Advertisement
Hot News
for your iPhone
for your iPad
Go to our forums to discuss this news
DATE News (chronologically)
10/09/19
f1
Mercedes pays Wolff 8 million euros per year
Toto Wolff smiling all the way to the bank
Toto Wolff smiling all the way to the bank
(GMM) Toto Wolff is paid 8 million euros a year to be Mercedes' team boss.

The information was revealed by Austria's Osterreich newspaper, reportedly based on the release of Mercedes' balance sheet for last year.

The numbers are fascinating.

For instance, Mercedes spent 350 million euros to run the team for a year, but there was 380 million in revenue, which means a 30 million profit for the title winning Formula 1 team.

The salaries of the team bosses were also revealed, with both Wolff and the late Niki Lauda paid about 8 million euros each.

"Formula 1 makes an important contribution to the brand's status as the eighth most valuable in the world," Mercedes reportedly said in the filing.

Hot News Archives
2000 2001 2002 2003
2004200520062007
2008200920102011
2012201320142015
2016201720182019

Search Hot News
Search Help
AutoRacing1 Inc. BBB Business Review