It seems as though Williams [https://www.essentiallysports.com/category/f1/williams/] F1 team just can’t catch a break. Their 2019 title sponsor is the latest to take the beating out of [https://www.essentiallysports.com/controversial-sponsor-taunts-williams-f1-amidst-financial-misery/] the Grove-based outfit by signing with polar opposites in today’s racing spectrum, Mercedes. Williams has been mired in financial struggles for a while now and have even put up the team for sale. Just last month they announced the termination of the deal with title sponsor ROKiT coming into effect immediately. Now the same ‘ROKiT’ is reportedly tying up with Mercedes. For Mercedes, this move will be a shot in the arm as they look to make themselves more profitable in the future. REPORTS SUGGEST ROKIT WILL BE ANNOUNCED AS A NEW MERCEDES SPONSOR AHEAD OF AUSTRIA Williams F1 [http://www.essentiallysports.com/wp-content/uploads/f67c7d2f4f352cad3825db1413b25d5b811f8adc679b1588e876b9341f02cb98_4574790.jpg]Williams F1 Although a Mercedes [https://www.essentiallysports.com/category/f1/mercedes/] spokesperson said, “(The team) can’t offer comment on any confidential commercial discussions, be it with ROKiT or any other brand.” However, as per a report by Autosport [https://www.autosport.com/f1/news/150139/mercedes-set-to-secure-rokit-sponsorship-deal], “ROKiT is now on course to become a sponsor of the Mercedes F1 team ahead of the new season, with confirmation of the deal understood to be imminent.” After Williams and ROKiT parted ways, the latter said that they intend to continue sponsoring motorsport teams. They currently already have a title sponsorship deal with Formula E team Venturi. ROKiT also sponsors all cars in the W series, which is a single-seater championship only for women. When ROKiT partners with Mercedes it’ll find itself in the company of other sponsors such as Petronas, Bose, and INEOS. In February, Mercedes boss, Toto Wolff said that making themselves more profitable is “exactly what we have as a target.” Wolff envisions Mercedes to be like the NFL and NBA teams that are profitable. Wolff had said, “This is my personal aim to turn this into such a corporate company. So from a service standpoint, it becomes a no brainer to participate.” Meanwhile, Williams continues to be on the hunt for a new title sponsor. They are also set to unveil a new livery for the 2020 season, now that ROKiT has left. 

According to latest reports, former Williams F1 team's title sponsor, ROKiT is
set to sign a sponsorship deal with Mercedes for the 2020 season.

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According to latest reports, former Williams F1 team's title sponsor, ROKiT is set to sign a sponsorship deal with Mercedes for the 2020 season.

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Williams' Former Title Sponsor All Set to Join Hands with Mercedes F1 for Partnership

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[caption id="attachment_506620" align="alignnone" width="1920"]<img class="size-full wp-image-506620" src="https://image-cdn.essentiallysports.com/wp-content/uploads/20210107172912/GettyImages-1145223856.jpg" alt="Toto Wolff during a press conference" width="1920" height="1280" /> BAKU, AZERBAIJAN - APRIL 26: Mercedes GP Executive Director Toto Wolff talks in the Team Principals Press Conference during practice for the F1 Grand Prix of Azerbaijan at Baku City Circuit on April 26, 2019 in Baku, Azerbaijan. (Photo by Dan Istitene/Getty Images)[/caption]
<h2><strong>Toto Wolff: 2021 Net worth, salary and endorsements</strong></h2>
Toto Wolff functions in the capacity of the Team Principal to the <a href="https://www.essentiallysports.com/category/f1/mercedes">Mercedes AMG Petronas Formula One</a> team. The Austrian joined the team in 2014 and has been with them ever since.

Wolff started his motorsport career in 1992 in the Austrian Formula Ford Championship. 2 years later, he won the 24 Hours Nürburgring in his category. Wolff even racked up a few wins here and there, in the FIA GT Championship and in the Italian GT Championship.

Wolff currently resides with his second wife, the Scottish racer, Susie Wolff. The two have a child together, in addition to two children from Toto's previous marriage to Stephani.

Wolff has two residences in the UK and Switzerland in Oxfordshire and Ermatingen, respectively.

<strong>READ MORE-</strong> <a href="https://www.essentiallysports.com/f1-news-toto-wolff-everything-we-know-about-his-wife-children-and-personal-life/" target="_blank" rel="noopener noreferrer" data-wpel-link="internal">Toto Wolff: Everything We Know About His Wife, Children and Personal Life</a>
<h2>Toto Wolff stats</h2>
Other accolades to his name are a runner-up in the Austrian Rally Championship in 2006, and the top spot in the 24-hour race in Dubai. In 2009, he also became a lap-record holder on the Nürburgring Nordschleife in a Porsche RSR.

After retirement, Wolff focused heavily on investment, even <a href="https://www.mercedesamgf1.com/en/team/management/toto-wolff/" target="_blank" rel="noopener noreferrer">founding</a> two companies. Both companies primarily focused on investments in the internet and technology sector.

However, from 2003 onwards Wolff concentrated on strategic investments in medium-sized industrial and listed companies. Some Investments include the German HWA AG that runs the Deutsche Tourenwagen Masters race program for Mercedes-Benz.

Other investments include BRR Rallye Racing, one of the largest rally parts dealers in Europe. Wolff is also <a href="https://www.mercedesamgf1.com/en/team/management/toto-wolff/" target="_blank" rel="noopener noreferrer">co-owner</a> of a racing driver management company with former F1 champion Mika Häkkinen.
<h2>Toto Wolff's 2021 Net Worth</h2>
His net worth is believed to be nearly <a href="https://www.handelszeitung.ch/people/toto-wolff" target="_blank" rel="noopener noreferrer">$580 million</a> (approximately).

As a Team Principal, Toto Wolff reportedly earns €8 million a year. At least, according to Austria’s Osterreich newspaper.

After joining Mercedes, he acquired a 30% stake in Mercedes-Benz Grand Prix Ltd.
<h2><b>Toto Wolff’s endorsements</b></h2>
As mentioned before, Toto Wolff has various investments. These include a share in the <a href="https://www.essentiallysports.com/category/f1/williams/">Williams</a> F1 Team and even the Mercedes team itself.
<h2>Best Moments of Toto Wolff</h2>

<h2><strong>Toto Wolff: Foundations and charity work</strong></h2>
Wolff is <a href="http://marybendetfoundation.com/about-us/" target="_blank" rel="noopener noreferrer">Vice Chairman</a> of the Mary Bendet Foundation, founded in memory of a school friend who was a role model for a generation of friends. The Foundation strives to make life better for children who are underprivileged.

Its projects include improving living conditions in day-care centers, dormitories, and playgrounds, creating joyful environments such as rehearsal studios, supporting talent by sponsoring scholarships, and inaugurating centers for blind and handicapped children to better prepare them for life.
<h2>How to contact Toto Wolff</h2>
Unfortunately, there is no easy way to get in touch with Toto Wolff. Wolff does not have an official website, and the same applies to his social media.
<table width="549">
<tbody>
<tr>
<td width="319"><strong>Age</strong></td>
<td width="319">49</td>
</tr>
<tr>
<td width="319"><strong>Marital Status</strong></td>
<td width="319">Married</td>
</tr>
<tr>
<td width="319"><strong>Spouse</strong></td>
<td width="319">Susie Wolff</td>
</tr>
<tr>
<td width="319"><strong>Residence</strong></td>
<td width="319">Oxfordshire, England  Ermatingen, Switzerland</td>
</tr>
<tr>
<td width="319"><strong>Nationality</strong></td>
<td width="319">Austrian</td>
</tr>
<tr>
<td width="319"><strong>Endorsements</strong></td>
<td width="319">Mercedes, Williams</td>
</tr>
<tr>
<td width="319"><strong>Height</strong></td>
<td width="319"><a href="https://twitter.com/Susie_Wolff/status/617706515223445504" target="_blank" rel="noopener noreferrer">1.96m</a></td>
</tr>
<tr>
<td width="319"><strong>Children</strong></td>
<td width="319">3</td>
</tr>
<tr>
<td width="319"><strong>Ethnicity</strong></td>
<td width="319">White</td>
</tr>
<tr>
<td width="319"><strong> Championships</strong></td>
<td width="319">0</td>
</tr>
</tbody>
</table>

Toto Wolff

BAKU, AZERBAIJAN &#8211; APRIL 26: Mercedes GP Executive Director Toto Wolff talks in the Team Principals Press Conference during practice for the F1 Grand Prix of Azerbaijan at Baku City Circuit on April 26, 2019 in Baku, Azerbaijan. (Photo by Dan Istitene/Getty Images) Toto Wolff: 2021 Net worth, salary and endorsements Toto Wolff functions in the capacity of the Team Principal to the Mercedes AMG Petronas Formula One team. The Austrian joined the team in 2014 and has been with them ever since. Wolff started his motorsport career in 1992 in the Austrian Formula Ford Championship. 2 years later, he won the 24 Hours Nürburgring in his category. Wolff even racked up a few wins here and there, in the FIA GT Championship and in the Italian GT Championship. Wolff currently resides with his second wife, the Scottish racer, Susie Wolff. The two have a child together, in addition to two children from Toto&#8217;s previous marriage to Stephani. Wolff has two residences in the UK and Switzerland in Oxfordshire and Ermatingen, respectively. READ MORE- Toto Wolff: Everything We Know About His Wife, Children and Personal Life Toto Wolff stats Other accolades to his name are a runner-up in the Austrian Rally Championship in 2006, and the top spot in the 24-hour race in Dubai. In 2009, he also became a lap-record holder on the Nürburgring Nordschleife in a Porsche RSR. After retirement, Wolff focused heavily on investment, even founding two companies. Both companies primarily focused on investments in the internet and technology sector. However, from 2003 onwards Wolff concentrated on strategic investments in medium-sized industrial and listed companies. Some Investments include the German HWA AG that runs the Deutsche Tourenwagen Masters race program for Mercedes-Benz. Other investments include BRR Rallye Racing, one of the largest rally parts dealers in Europe. Wolff is also co-owner of a racing driver management company with former F1 champion Mika Häkkinen. Toto Wolff&#8217;s 2021 Net Worth His net worth is believed to be nearly $580 million (approximately). As a Team Principal, Toto Wolff reportedly earns €8 million a year. At least, according to Austria’s Osterreich newspaper. After joining Mercedes, he acquired a 30% stake in Mercedes-Benz Grand Prix Ltd. Toto Wolff’s endorsements As mentioned before, Toto Wolff has various investments. These include a share in the Williams F1 Team and even the Mercedes team itself. Best Moments of Toto Wolff Toto Wolff: Foundations and charity work Wolff is Vice Chairman of the Mary Bendet Foundation, founded in memory of a school friend who was a role model for a generation of friends. The Foundation strives to make life better for children who are underprivileged. Its projects include improving living conditions in day-care centers, dormitories, and playgrounds, creating joyful environments such as rehearsal studios, supporting talent by sponsoring scholarships, and inaugurating centers for blind and handicapped children to better prepare them for life. How to contact Toto Wolff Unfortunately, there is no easy way to get in touch with Toto Wolff. Wolff does not have an official website, and the same applies to his social media.  Age 49  Marital Status Married  Spouse Susie Wolff  Residence Oxfordshire, England  Ermatingen, Switzerland  Nationality Austrian  Endorsements Mercedes, Williams  Height 1.96m  Children 3  Ethnicity White   Championships 0

Williams’ Former Title Sponsor All Set to Join Hands with Mercedes F1 for Partnership

Reports suggest ROKiT will be announced as a new Mercedes sponsor ahead of Austria