Who is Bernie Ecclestone?
Bernie Ecclestone is the Chairman Emeritus of the Formula One Group. He was born in 1930, his age is 91 years. Ecclestone left school at age 16 to start an amateur career in motorcycling. He is married to Fabiana. He has 3 children.
Formula One Group
The Formula One Group is responsible for the promotion of the FIA Formula One World Championship, and the exploitation of the sport’s commercial rights.
For 40 years Ecclestone was Chief Executive of the Formula One group. And for long he was the 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 $360 million. SLEC Holdings was created as the holding company of the Formula One motorsport companies in 1996. Ecclestone transferred ownership of the Formula One businesses to his (now ex-
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 $2.5 billion
In 1999 Ecclestone sold 12.5 of his shares for GBP 234 Million. In 2000 he sold 37.5% of his shares for GBP 625 million. And in 2000 he sold another 25% for GBP 600 million. And in 2005 he sold his remaining 25% to CVC Partners.
The F1 company is now owned by Liberty Media. In 2017 Ecclestone was replaced by Chase Carey as CEO of the Formula One Group. But he was appointed as chairman emeritus. And as an adviser to the board.
In 2018 he tried to purchase the British Grand Prix. He was told it was not for sale. The British Grand Prix is a race in the calendar of the FIA Formula One World Championship. It is currently held at the Silverstone Circuit. Silverstone is owned by the British Racing Drivers’ Club (BRDC).
2019 will be the 70th and final year the British Grand Prix takes place at Silverstone. As the contract has not been renewed yet.
Bernie Ecclestone Net Worth
His net worth is estimated at US$ 3.1 billion.
He has an amazing car collection. The collection includes a Ferrari F12 with private license plates F12 BCE. He also owns many historic racing cars.
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Bernie’s 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 newspaper that she had no plans to attend her father’s wedding. Out of loyalty to her mother, former Armani model Slavica.
In April 2020 it was announced that Bernie and Fabia Ecclesone expect another baby. It will be their first child together.
Deborah is Bernie’s oldest daughter, from his marriage with Ivy Bamford. He married Ivy when he was 21.
Tamara is his second daughter. She was born in 1984. Her mother is Slavica Ecclestone. She was born in Milan and grew up in London.
She was a presenter 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 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 the owner of The Manor, the largest house in Los Angeles. It was built for Aaron Spelling. 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 the founder of the Petra Ecclestone Foundation. It is a charity in 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.
She is the 2nd wife of Ecclestone and the 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 with an estimated GB£740 million divorce settlement. Her net worth is now US$ 1.2 billion. Slavica is active in the Petra Ecclestone Foundation.
Bernie Ecclestone House
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.
Ecclestone Yacht Petara
He is the owner of the yacht Petara, which he named after his daughters.
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.
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.