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English business magnate, president and CEO of Formula One Management, Bernard Charles "Bernie" Ecclestone, has an estimated net worth of $3.2 billion as of April 2016, according to Forbes. He is best known to many as the primary authority in Formula One racing and made his fortune in the sport. Ecclestone started his career in Formula One as a driver, he entered two Grand Prix races during the 1958 season, failing to qualify for either of them. He bought the Brabham team in 1972, which he ran for fifteen years. He joined the Formula One Constructors Association. He also has an interest in football, with a 62% stake in the west London club Queens Park Rangers.
His marriage to Croatian model Slavica Malic ended in March 2009. The amicable divorce in made Slavica one of the richest women in Britain with a reported settlement of £700 million. At the time of divorce much of the family’s £2.2 billion fortune was held in Slavica’s name in offshore trusts in Jersey. The couple are on good terms and it is thought Bernie managed to keep about two-thirds of the fortune he has built up through his shrewd handling of F1. They have two daughters. He is reported to have spent £110 million in 2011, buying homes in west London for his two daughters from that marriage, Tamara and Petra.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2012 |
Asset |
The value of Ecclestone's chalet in the Swiss resort of Gstaad |
$38,000,000 |
|
2012 |
Asset |
The value of Ecclestone's Glacier 3000 Les Debleretes resort |
$3,800,000 |
|
2011 |
Sale of Asset |
Amount earned from the sale of his stakes in Formula One Group of companies which was purchased by CVC Capital |
$2,500,000,000 |
|
2010 |
Bonus |
Bonus received in 2011 |
$1,660,000 |
|
2010 |
Salary |
Salary |
$8,000,000 |
|
2008 |
Salary |
Salary for running Formula One |
$6,670,000 |
|
2005 |
Others |
The trust receives $478m from its 25 per cent stake in F1’s rightsholder which is sold to private equity firm CVC. |
$478,000,000 |
|
2003 |
Sale of Asset |
The value of luxurious residential properties Ecclestone brought for his daughters, Tamara and Petra |
$160,000,000 |
|
2000 |
Others |
The trust gets $987.5m when German media business Kirch backs an option to acquire another 25% of F1’s rightsholder |
$987,500,000 |
|
1999 |
Others |
The trust earned from selling 50% of F1’s rightsholder to two private equity firms, Hellman & Friedman and Morgan Grenfell. |
$1,000,000,000 |
|
1998 |
Others |
The trust Ecclestone family gets $1.4m from a bond secured on the future revenues of F1 |
$2,330,000 |
|
1994 |
Salary |
Salary as F1 Executive |
$91,000,000 |
|
1986 |
Sale of Asset |
Amount earned from the sale of the Brabham team which he purchased from Ron Tauranac for $120,000 |
$5,000,000 |