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All You Need to Know About Bernie Ecclestone, his Net Worth and his Yacht Petara.
Yacht Length: 58 m (190 ft) -
Bernie Ecclestone Net Worth: US$ 3.1 billion -
Petara Yacht - Bernie Ecclestone
Who is Bernard Charles Ecclestone?
Ecclestone is the Chairman Emeritus of the Formula One Group. He was born in 1930, his age is 88 years. Ecclestone left school at age 16 to start an amateur career in motorcycling.
The Formula One Group is responsible for the promotion of the FIA Formula One World Championship, and exploitation of the sport's commercial rights.
For 40 years Bernie Ecclestone was Chief Executive of the Formula One group. And for long he was owner of a large part of the F1 company shares.
In 1958 he performed in 2 Grand Prix races as a driver. In 1972, he bought the Brabham team. Nelson Piquet was a driver for the F1 team.
Together with Flavio Briatore he owned the English football club Queens Park Rangers. He was also the founder of Motor Racing Developments. Which designed and built racing cars for 3rd parties. In 1988 he sold MRD to Alfa Romeo.
Formula 1 Ownership
He took over the ownership of the commercial rights of Formula One from the teams in the 1990s.
In 2000 he leased the commercial rights for 110 years for US $360 million. SLEC Holdings was created as the holding company of the Formula One companies in 1996. Ecclestone transferred ownership of the Formula One businesses to his (now ex-
Concorde Agreement
The Concorde Agreement is a contract between FIA, the Formula One teams and the Formula One Administration. The Concorde Agreement defines the agreement about how the teams race, and how the money is divided up. The money includes the television revenue and prize money.
In 2004 Ecclestone offered a payment of GB£260,000,000 over three years if all the teams would renew of the Concorde Agreement.
Sold F1 Shares
In 1999 Ecclestone sold 12.5 of his shares for GBP 234 Million. In 2000 he sold 37.5% of his shares for GBP 625 million. And in 2000 he sold another 25% for GBP 600 million. And in 2005 he sold his remaining 25% to CVC Partners.
The F1 company is now owned by Liberty Media. In 2017 Ecclestone was replaced by Chase Carey as CEO of the Formula One Group. But he was appointed as chairman emeritus. And as adviser to the board.
Silverstone
In 2018 he tried to purchase the British Grand Prix. He was told it was not for sale. The British Grand Prix is a race in the calendar of the FIA Formula One World Championship. It is currently held at the Silverstone Circuit. Silverstone is owned by the British Racing Drivers' Club (BRDC).
2019 will be the 70th and final year the British Grand Prix takes place at Silverstone. As the contract has not been renewed yet.
Bernie Ecclestone Net Worth
His net worth is estimated at US$ 3.1 billion.
He has an amazing car collection. The collection includes a Ferrari F12 with private licence plates F12 BCE. He also owns many historic racing cars.
Private Jet
Ecclestone owns a Dassault Falcon 7X private jet, with registration N999BE.
A Dassault Falcon 7X has a list price of US$ 40 million. The jet can accommodate 14 passengers.
Bernard Charles Ecclestone House
He lives with his wife Fabiana Ecclestone in a large mansion on Chelsea Square in London. He sold his previous London mansion for US$ 90 million to Lakshmi Mittal.
He also owns a chalet in Gstaad known as Le Lion. The Ecclestone family owns many houses all over the world.
His daughter Petra owns the famous Manor, the mansion built for Aron Spelling. The Manor was put for sale by Petra Ecclestone for US$ 200 million. His daughter Tamara owns a US$ 70 Million mansion in London.
Petara Yacht
The yacht Petara was built at Turquoise in Turkey. At 58 meters, she can accommodate 12 guests and a crew of 13. She has a steel hull and aluminum superstructure.
The yacht is powered by 2 Caterpillar engines. She can reach as top speed of 18 knots. Her cruise speed is 16 knots. The luxury yacht has a range of 5,000 nm. She has a fuel capacity of 84,000 liter.
Turquoise Yachts, formerly known as Proteksan Turquoise, was established in 1997 by two leaders of the Turkish boat building industry. It is a builder of custom power and sailing superyachts. The yard is owned by Mohammed Al Barwani, who also owns Oceanco.
Yacht Charter
The boat is not available for yacht charter. And she is not listed for sale.
Yacht Interior
Her interior is designed by Studio Celeste Dell’Anna. She created a spacious contemporary interior. Ecclestone sold his previous yacht to Eric Clapton. He named her Va Bene. Va Bene is a 48 meter motor yacht built in The Netherlands.
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Resources
https://www.forbes.com/profile/bernard-
https://en.wikipedia.org/wiki/BernieEcclestone
https://www.formula1.com/en/interviews/f1-
http://www.turquoiseyachts.com/yachts/fleet/petara-
https://www.private-
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Bernard Charles Ecclestone - House.
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Ecclestone - Car Collection.
Fabia Ecclestone
Bernies wife Fabia is 46 years younger than he is. They married in 2012 at his ski chalet Le Lion in Switzerland. Fabia is his 3rd wife.
She was 35 at that moment. She was F1’s vice-
Tamara told a UK news paper that she had no plans to attend her father’s wedding. Out of loyalty to her mother, former Armani model Slavica.
Tamara Ecclestone
Tamara is his oldest daughter. She was born in 1984. Her mother is Slavica Ecclestone. She was born in Milan and grew up in London.
She was a presentor at Sky Sports Italia. And had her own reality television show named: Tamara Ecclestone: Billion $$$ Girl. She posed for Playboy in 2013.
Tamara is married to Jay Rutland and they have a daughter named Sofia. They live in a large house in Kensington Palace Gardens in London.
Petra Ecclestone
Petra was born in 1988 in London, where she also grew up.
In 2011 she married businessman James Stunt. They have 3 children, a daughter named Lavinia and twin boys, James and Andrew. They divorced in 2017.
Petra is the founder of a men’s fashion label named FORM. She also founded STARK and Co.
She is owner of The Manor, the largest house in Los Angeles. It was built for Aaron Spellling. It was listed for sale asking US$ 200 million. Petra also owns a mansion in London, which she bought for US$ 90 million.
She is founder of the Petra Ecclestone Foundation. It is a charity which objects are the relief and benefit for persons suffering from autism and meningitis. The foundation supported the Petra’s Place Therapy Centres to help children with autism.
Slavica Ecclestone
She is the 2nd wife of Ecclestone and mother of Tamara and Petra. She was born in 1958. They married in 1985, when she was 27. He was 55.
She was a fashion model. She met Bernie while working on a Formula One promotional event for Armani in 1982.
In 2008 she filed for divorce after 23 years of marriage. She was rewarded an estimated GB£740 million divorce settlement. Her net worth is now US$ 1.2 billion. Slavica is active in the Petra Ecclestone Foundation.