F1 team boss becomes billionaire
Mercedes Team Principal Toto Wolff has become a billionaire, according to a Forbes report.
The 2023 World Billionaires list includes 12 newcomers from the world of sport, with Wolff joining the likes of Tiger Woods and LeBron James.
According to the report, Wolff's net worth has hit precisely $1 billion this year.
In addition to having served as Mercedes' Team Principal since 2013, Wolff has also owned one-third of the team since then, with Mercedes' parent company Daimler and chemicals firm INEOS each also owning one third.
Forbes credits Netflix with Wolff's increased net worth, noting that the streaming service's Drive To Survive documentary series turned Wolff 'into a Celebrity billion aire with [its effect] on the value of Formula 1 teams.' Viewed by others: Zak Brown Zak Brown and To...