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Toto Wolff

Wolff almost left F1 for a career in finance

Mercedes F1 team principal Toto Wolff says he came agonizingly close to leaving the sport in 2020, pondering if he would be better off starting his own hedge fund!

Toto Wolff
To news overview © Mercedes

Toto Wolff says that at one point during the 2020 Formula 1, he considered leaving Formula 1 to rekindle a career in finance.

Wolff, who is the sport's most successful team principal after winning seven consecutive Driver and Constructor championships, says he considered walking away from F1 at some point during the 2020 season. Ultimately though, the Austrian's passion for the sport proved to be the deciding factor.

"Last year [2020] I was really beating myself up to come to a decision of whether I wanted to go back in finance and have a hedge fund or continue with my private investment company or stay in motor racing," Wolff told ESPN.

"At the end motor racing won."

Wolff proceeded to elaborate on why he chose to remain in the sport.

"I think it's the sheer fact that the stopwatch never lies" Wolff explained.

"You always have a benchmark. There are new challenges that are coming and that continue to develop the organisation and the team into the next generation.

"It's about diversifying the business while not distracting from racing, as a company we are growing at a tremendous rate. So it is a fact that we are a sports franchise, only ten exist in a spectacular global sport, and with an enterprise that is Mercedes that's going to generate $550-600 million in revenue. We are not a small company anymore.

"But still, it all comes down to the lap time, always down to the stopwatch."


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