Bernie Ecclestone is a British businessman with a $3.3 billion net worth. He was named the fourth-richest person in the United Kingdom in 2011, with a net worth of $4.2 billion at the time. The drop in his net worth is most likely due to a recent divorce settlement that left his ex-wife Slavica Ecclestone with a reputed $1 billion to $1.5 billion. He has two daughters with Slavica Ecclestone, a former Armani model: Petra and Tamara Ecclestone, who are both notable socialites, models, and businesswomen.
Bernie is best known as the founder and former CEO of the Formula One Group, a corporation that owns and operates Formula One racing. He still owns the sport’s commercial rights, making him the de-facto “boss” of Formula One. Outside of Formula One, Ecclestone was the owner of Queens Park Rangers, a British football team, from 2007 to 2011.
Bernard Charles Ecclestone was born on october 28th of 1930 in Suffolk, England, on October 28th, 1930. Ecclestone, the son of a fisherman, moved to London alongside his family at a young age. During the Second World War, he lived in London, even as the city was bombarded by the Germans. Bernie dropped out of high school at the age of 16 and went to work in a chemical laboratory. Later, he went to the University of Woolwich to study chemistry.
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After the war, Bernie began his autosports career by dealing and selling motorcycle spare parts. He went on to open his own motorbike dealership. He raced for the first time in a Formula Three vehicle in 1949. His racing career was decent, and despite a small amount of time behind the wheel, he produced good results. However, a series of mishaps prompted him to leave professional racing and pursue other interests.
Before returning to the world of motorsports as a manager for driver Stuart Lewis-Evans, he spent the following few years wisely investing in real estate and loans. Ecclestone stopped from racing once more after Lewis-Evans died of severe burns during an accident in 1958. In the 1970s, though, Ecclestone returned to the sport, managing Jochen Rindt and becoming a partial owner of the Lotus Formula 2 team. Rindt would later perish in a racing accident.
Bernie bought the Brabham racing team for 100,000 pounds in 1971. He devoted his entire concentration to making the team a Formula One championship contender, and he oversaw the development of his Ford-powered vehicles, which featured significant design breakthroughs.
Ecclestone was persuaded to replace his Ford engines with Alfa-Romeo engines after a string of victories. The arrangement that resulted was extremely profitable for Bernie, but it rendered the cars unreliable.
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The Brabham team eventually replaced their Alfa-Romeo engines with Cosworth DFVs. With the addition of newly-signed, up-and-coming Brazilian driver Nelson Piquet, the team was able to return to winning form. By 1982, the team had moved to a BMW turbocharged engine, which helped them win the world championship in 1983. Many major members of the Brabham squad had left by 1988, pushing Bernie to sell the company for $5 million.