Mercedes team principal Toto Wolff has sold 15% of his Formula 1 team share to George Kurtz, CEO of CrowdStrike
ByJENNA FRYER AP auto racing writer
November 21, 2025, 3: 34 PM
LAS VEGAS — Mercedes team principal and part-owner Toto Wolff has sold 15% of his shareholding of the Formula 1 team to George Kurtz, the CEO and founder of cybersecurity company CrowdStrike.
Mercedes said the deal makes Kurtz a co-owner of the team that is valued at $6 billion. Wolff was one of three equal owners alongside Mercedes-Benz and INEOS.
The deal was announced ahead of Saturday night’s Las Vegas Grand Prix, where Mercedes driver George Russell is the defending race winner.
Kurtz will become technology advisor to Mercedes, as well as join the team’s strategic steering committee alongside Wolff, Mercedes-Benz chairman Ola Kallenius, and INEOS founder and chairman Sir Jim Ratcliffe.
Wolff will continue as team principal and CEO.
“George’s background is unusual in its breadth — he’s a racer, a loyal