BERNIE ECCLESTONE • Net Worth $3 Billion • House • Yacht • Private Jet • Formula One (F1)

Name:Bernie Ecclestone
Net Worth:$ 3 billion
Source of Wealth:Formula One (F1)
Born:October 28, 1930
Wife:Fabiana Flosi Ecclestone
Children:Tamara Ecclestone, Petra Ecclestone, Deborah Ecclestone
Residence:London, UK
Private Jet:Dassault Falcon 7X (N999BE)

Who is Bernie Ecclestone? A closer look at the former Formula One chief

Bernie Ecclestone is a name that is synonymous with Formula One. The former CEO and owner of the commercial rights of the Formula One group, Ecclestone is a prominent figure in the world of motorsports. Born in 1930, he left school at age 16 to pursue an amateur career in motorcycling, and later made a name for himself in the racing industry as a team owner, promoter, and executive.

Key TakeAways

  • Bernie Ecclestone, former CEO of Formula One Group, has a net worth of $3 billion.
  • He is associated with the Formula One World Championship and owned a significant part of the F1 company shares.
  • Ecclestone was crucial in the commercial success of Formula One and owned the Brabham team, winning two world championships.
  • He sold his Formula One Group shares for over $2.5 billion.
  • Ecclestone’s assets include a large yacht named PETARA, a Dassault Falcon 7X private jet, and a real estate portfolio.
  • He also attempted to purchase the Silverstone Circuit in 2018.

Formula One Group

The Formula One Group is responsible for the promotion of the FIA Formula One World Championship, one of the most prestigious motorsport events in the world. For 40 years, Ecclestone served as the Chief Executive of the Formula One Group and played a crucial role in the growth and commercial success of the sport. He was also the owner of a large part of the F1 company shares.

Brabham Team and Motor Racing Developments

In 1972, Ecclestone bought the Brabham team, which went on to win two Formula One world championships in 1981 and 1983. Ecclestone also founded Motor Racing Developments, a company that designed and built racing cars for third parties. In 1988, he sold MRD to Alfa Romeo.

Formula 1 Ownership

Ecclestone 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 $360 million. He transferred ownership of the Formula One businesses to his ex-wife, Slavica Ecclestone, in preparation for a 1997 flotation of the group.

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 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 the Concorde Agreement.

Sold for more than $2.5 billion

Ecclestone sold his shares in the Formula One Group for over $2.5 billion in several transactions from 1999 to 2005. The F1 company is now owned by Liberty Media, and Ecclestone was replaced by Chase Carey as CEO of the Formula One Group in 2017. However, he remains as chairman emeritus and an adviser to the board.

Silverstone Circuit

In 2018, Ecclestone attempted to purchase the British Grand Prix, but was told it was not for sale. The British Grand Prix is a race in the calendar of the FIA Formula One World Championship and is currently held at the Silverstone Circuit, which is owned by the British Racing Drivers’ Club (BRDC). The contract for the British Grand Prix has not been renewed yet.

Bernie Ecclestone Net Worth

As of 2023, Bernie Ecclestone’s net worth is estimated at $3 billion. His assets include a large yacht, a Dassault Falcon 7X private jet, and a large real estate portfolio.

Car Collection

Aside from his passion for Formula One, Ecclestone is also known for his impressive car collection, which includes a Ferrari F12 with private license plates F12 BCE and many historic racing cars.
With his contribution to the world of Formula One, Ecclestone will always be remembered as a trailblazer and a true legend

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Yacht Petara Owner

Bernie Ecclestone

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Ecclestone Ferrari F12

Bernie Ecclestone Ferrari F12

Ecclestone Ferrari F12

Bernie Ecclestone Ferrari F12

Tamara Ecclestone

Tamara Ecclestone

Petra Ecclestone

Petra Ecclestone

Slavica Ecclestone

Slavica Ecclestone

Ecclestone Family: Meet Bernie’s Wives and Children

Fabia Ecclestone: Bernie’s Younger Wife

Bernie Ecclestone, the former CEO of Formula One, married his third wife, Fabia, in 2012 at his ski chalet in Switzerland. Fabia, who is 46 years younger than Bernie, was F1’s vice-president of marketing at the time. Tamara and Petra, Bernie’s daughters from a previous marriage, did not attend the wedding. Bernie and Fabia Ecclestone announced in 2020 that they are expecting a baby, which will be their first child together.

Deborah Ecclestone: Bernie’s Oldest Daughter

Deborah is Bernie’s oldest daughter from his first marriage with Ivy Bamford. Bernie married Ivy when he was 21 years old.

Tamara Ecclestone: Reality TV Star and Philanthropist

Tamara, Bernie’s second daughter with Slavica Ecclestone, was born in Milan in 1984 and grew up in London. She worked as a presenter for Sky Sports Italia and had her own reality TV show called Tamara Ecclestone: Billion $$$ Girl. She is married to Jay Rutland and has a daughter named Sofia. Tamara is also actively involved in philanthropy and supports various charities.

Petra Ecclestone: Businesswoman and Founder of a Charity

Petra, Bernie’s younger daughter with Slavica Ecclestone, was born in London in 1988. She married businessman James Stunt in 2011 and they have three children. They divorced in 2017. Petra is the founder of a men’s fashion label named FORM and also founded STARK and Co. She owns The Manor, the largest house in Los Angeles, and a mansion in London. Petra is the founder of the Petra Ecclestone Foundation, a charity that helps people suffering from autism and meningitis.

Slavica Ecclestone: Bernie’s Second Wife

Slavica, a former fashion model, met Bernie at a Formula One promotional event for Armani in 1982. They married in 1985 when she was 27 and he was 55. Slavica filed for divorce in 2008 after 23 years of marriage and received an estimated £740 million divorce settlement. She is now worth $1.2 billion and is actively involved in the Petra Ecclestone Foundation.

Bernie Ecclestone House

Ecclestone Yacht Petara

He is the owner of the yacht Petara, which he named after his daughters.

The stunning 58-meter motor yacht Petara was built by Turquoise Yachts in Turkey. With a steel hull and aluminum superstructure, Petara can comfortably accommodate up to 12 guests and a crew of 13. This luxurious vessel was built with only the finest materials and features a stunning interior designed by Studio Celeste Dell’Anna.

Petara is powered by two Caterpillar engines, which allow the yacht to reach a top speed of 18 knots and a cruising speed of 16 knots. With a range of 5,000 nautical miles and a fuel capacity of 84,000 liters, this vessel is perfect for long-range cruising.

Force Blue Yacht

In January 2021, Italian media reported that Bernie Ecclestone bought the yacht Force Blue at auction. He reportedly paid EUR 7.49 million, a fraction of the yacht’s real value.

It is interesting to know that the auction is still subject to a legal procedure at the Italian Supreme Court. The court could decide to return the yacht to her (former) owner Flavio Briatore.

But Ecclestone is a long-time business partner and friend of Briatore, so he could have bought the yacht to ‘save it’ for Briatore.