| Name: | Bernie Ecclestone |
| Net Worth: | $ 3 billion |
| Source of Wealth: | Formula One (F1) |
| Born: | October 28, 1930 |
| Age: | |
| Country: | UK |
| Wife: | Fabiana Flosi Ecclestone |
| Children: | Tamara Ecclestone, Petra Ecclestone, Deborah Ecclestone |
| Residence: | London, UK |
| Private Jet: | Dassault Falcon 7X (N999BE) |
| Yacht | Petara |
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.
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.
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.
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.
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.
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.
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.
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.
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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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 is Bernie’s oldest daughter from his first marriage with Ivy Bamford. Bernie married Ivy when he was 21 years old.
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, 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, 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 $1.2 billion and is actively involved in the Petra Ecclestone Foundation.
He lives with his wife Fabiana Ecclestone in a large house on Chelsea Square in London. He sold his previous London mansion for US$ 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.
Chelsea Square is a charming residential square located in the Royal Borough of Kensington and Chelsea in London, England. The square is surrounded by beautiful Georgian townhouses, with many of them dating back to the early 1800s.
The square was built in the early 19th century as part of a development plan to create residential areas for the growing middle class. Over the years, the square has become a sought-after address for many high-net-worth individuals and celebrities, due to its prime location and exclusive atmosphere.
Today, Chelsea Square is a vibrant community, with many luxury shops, restaurants, and bars located nearby. It is also home to several notable landmarks, including St. Luke’s Church, which was built in the late 1800s and features stunning Victorian Gothic architecture.
Visitors to Chelsea Square can enjoy a leisurely stroll along its tree-lined walkways or relax in the charming garden at its center. The square is also conveniently located close to many of London’s top attractions, including the Victoria and Albert Museum, the Natural History Museum, and Hyde Park.
Overall, Chelsea Square is a beautiful and iconic part of London, beloved by locals and visitors alike for its rich history, elegant architecture, and sophisticated atmosphere.
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.
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.
The Formula One boss 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.
The Dassault Falcon 7X is a tri-jet business aircraft manufactured by Dassault Aviation. It is designed to accommodate up to 19 passengers in a spacious and luxurious cabin and has a range of approximately 5,700 nautical miles. The Falcon 7X features advanced technology and avionics, including fly-by-wire controls, a spacious and well-appointed cabin, and a smooth and quiet ride. The aircraft is known for its exceptional range, speed, and comfort, making it a popular choice for VIP and corporate customers. The price of a Dassault Falcon 7X can range from $40 million to $60 million or more, depending on the age of the aircraft, its configuration, and other factors. It’s important to note that the cost of owning and operating a Falcon 7X also includes ongoing expenses such as maintenance, fuel, and crew salaries.
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SuperYacht Owners Database 3-2023
