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The Guardian - UK
The Guardian - UK
Sport
Alex Lawson

Tycoons Ratcliffe and Wolff share in £75m dividend from Mercedes-Benz F1 team

Mercedes Lewis Hamilton Toto Wolff F1 Jim Ratcliffe
Two F1 cars in action
The Mercedes-Benz team have also profited from new fans of the motorsport in the US. Photograph: Gongora/NurPhoto/Shutterstock

The Formula One tycoon Toto Wolff and the petrochemicals empire of billionaire Sir Jim Ratcliffe have taken a share of a £75m dividend from the Mercedes racing team behind Lewis Hamilton.

Mercedes-Benz Grand Prix recorded a jump in revenues in 2022 aided by a bump in sponsorship and its work on the America’s Cup sailing championship, despite a disappointing season on the F1 track.

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