F1 is one of the richest sports competitions in the world and thus consists of some of the wealthiest people across different backgrounds. 11. Toto Wolff - $2.5 Billion (Mercedes-AMG Petronas) Toto Wolff is the principal owner of the Mercedes-AMG Petronas Formula 1 franchise. His net worth is $2.5 billion, according to figures from Forbes. He holds a 33 per cent stake. His journey in Formula 1 began with Williams F1, where he initially invested and acquired a significant stake in the team before switching to the Mercedes-AMG Petronas Formula One Team in 2013. Toto Wolff is an Austrian investor and former racing driver. He started his career in the finance industry with the establishment of Marchfifteen in 1998 and Marchsixteen in 2004. The Mercedes-AMG Petronas F1 Team is the German Formula One team. Toto Wolff (30%), Ineos (33%), and Daimler AG (37%). 10. Michael Latifi - $3.5 Billion (McLaren Formula 1) Michael Latifi is a Canadian businessman and investor. He is the founder and owne...