Team Favorite: Fueling Success for Mercedes F1 with Toto Wolff

Masters in Business

Bloomberg

Business, Investing

4.4 • 2.2K Ratings

🗓️ 26 December 2024

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this staff favorite episode, Barry Ritholtz speaks with Toto Wolff, Team Principal & CEO of the Mercedes-AMG PETRONAS F1 Team. Prior to joining Mercedes, Toto spent time in the investment world, founding his own company Marchfifteen in 1998 and Marchsixteen in 2004. In 2009 Toto combined his passion for racing and business by investing in the Williams F1 Team. He eventually came to be the team's Executive Director, helping to lead them toward their first win at the Spanish Grand Prix in eight years. Shortly after that win, Toto became Managing Partner of the Mercedes F1 team, where he now holds a 33% stake. In his time with Mercedes, the team has won eight Formula One Constructors' Championships and seven Drivers' Championships.

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0:47.3	Bloomberg Audio Studios.
0:49.7	Podcasts, radio, news.
0:54.1	This is Masters in Business with Barry Rittoltz on Bloomberg Radio.
1:01.0	What can I say about this week's guest?
1:04.0	Toto Wolf, principal CEO of Mercedes Formula One race team.
1:10.0	What an incredible career from a winning racer to an investor and venture capitalist to a person who just kind of became a principal at Williams.
1:22.9	And then eventually, after that team surprisingly began to win, got recruited over to Mercedes, where he
1:30.5	has put together a fantastic track record.
1:34.9	His rookie year at Mercedes was the same rookie year for Lewis Hamilton.
1:39.3	Obviously, they've had an amazing run together.
1:43.6	I don't know what else I could say about this conversation.
1:46.0	If you're a fan of Formula One racing, if you're a fan of managing a team of people,
1:52.6	if you're interested in how to wring out every last millisecond of performance,
	...

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