Mercedes F1 team principal Toto Wolff sells 15% stake to CrowdStrike CEO George Kurtz
November 21, 2025
Mercedes team principal Toto Wolff has sold 15% of his Formula 1 team share to George Kurtz, CEO of CrowdStrike. This deal makes Kurtz a co-owner of the team, valued at $6 billion. Kurtz will also serve as a technology advisor and join the team’s strategic steering committee. Wolff will continue as team principal and CEO. Kurtz’s background in racing and technology is seen as a valuable asset. CrowdStrike became a global partner of Mercedes’ F1 team in 2019. Kurtz has a history in sports car racing, with multiple wins in prestigious events.