Wolff races up the list of richest people in Switzerland

Toto Wolff has leapt up the rankings in an annual list of the richest people in Switzerland. Every year, it is the F1 supremo and billionaire Bernie Ecclestone who tops the sport's representation in the rakings published by the Swiss business magazine Bilanz.

The offices of Ecclestone, 85, are in London, but his official residence is Gstaad, Switzerland, ostensibly for tax reasons as his fortune is estimated at between EUR 2.3 to 2.7 billion. Another Swiss-based billionaire is Mansour Ojjeh, a shareholder of the McLaren team.

Next up is Michael Schumacher, who is recuperating from brain injuries at his home on the shores of Lake Geneva. Bilanz estimates the great German's fortune at between EUR 644 and 736 million. Some F1 drivers also live in Switzerland, including the current Ferrari duo of Kimi Raikkonen and Sebastian Vettel. Bilanz said each of them is worth about EUR 92 to 138 million apiece.

But reportedly richer than both Raikkonen and Vettel, according to the magazine, is the Mercedes team boss and Mercedes and Williams shareholder Toto Wolff. He lives with his wife Susie in the northeast canton of Thurgau, and through Wolff's various investments he is tipped to be worth up to EUR 368 million. (GMM)