|Estimated value:||€3.2 billion|
|Country of origin:||Great Britain|
|Source of Wealth:||entrepreneur|
Born Bernard Charles Ecclestone, the entrepreneur was responsible for marketing Formula 1 from the mid-1970s to 2017. He had competed in a few motorsports events early in his adult life, but then quickly shifted to making money managing motorsports. With his many controversial statements, he often caused scandals.
He was born in London in 1930 to a working-class family. He left school at 16 and found a job with the London Public Works. After that he also drove races himself, but failed twice in 1958 to qualify for the peloton of a Grand Prix of the newly founded Formula 1. He then turned to management in motorsport, especially Formula 1.
One of the first acts to professionalize and monetize Formula 1 was to sell the TV rights to Formula 1. However, his wealth is also due to the fact that he was not solely responsible for the financial structure of Formula 1. He was also responsible for the precise course of each individual Formula 1 Grand Prix. Here he also participated to an enormous extent in monetary terms in the granting of these rights and the cooperation with the individual operators of the racetracks.
He is also responsible for having invested an enormous amount in the safety of the races and thus the drivers from around 1978 onwards. Fatalities at the races were not good for sales, even if the high risk was always part of the fascination of Formula 1. Since the early 1990s, as a result of these drastic measures, there have hardly been any accidents with serious consequences for drivers.
In 1999 he had to undergo heart surgery and received a bypass. That did not prevent him from managing the fortunes of Formula 1 with a lot of verve and determination for almost two more decades and from further expanding its reach.
Bernie Ecclestone was not only the boss of Formula 1 for more than five decades. During this time he also owned two of his own racing teams that took part in Formula 1 races. First this was the Connaught team, later the racing team called Brabham. And his activities continued. For a few years he was also the manager of a driver from the Formula 1 field, namely Jochen Rindt.
In addition, his activities were not limited to motorsport alone. In 2007, together with a number of other investors, he acquired the English professional club Queens Park Rangers. However, Bernie Ecclestone sold his shares in it again in 2011.
In terms of wealth, he was recently ranked 22nd among the wealthiest in Britain by the Sunday Times.
In principle, due to his incredibly long tenure as a manager of Formula 1, more precisely the Formula One Group, you cannot extract a single highlight from Berne Ecclestone’s life. Rather, it is his credit for having made this racing series one of the most profitable sports companies in the world, despite repeated setbacks and lulls. His particularly long work is also reflected in the fact that he only resigned from this task at the age of 86 when he sold the Formula One Group. As the son of a working-class family, to have accumulated such a large Net Worth as stated above is also absolutely outstanding.
- “The only good thing about the Olympics is the opening and closing ceremonies. This is a great show. Otherwise it’s complete nonsense.”
- “I think democracy doesn’t get you running the shop.” (about his business principles)
- “I have one of these wonderful ideas: women should always dress all in white, like all the other kitchen utensils.”
- “If I died in the middle of a Grand Prix – no problem! But I’d prefer it to happen after the finish line.”
- “Even as a florist, I would try to cash in as best I can. But my heart is in motorsport.”
In 2009, he caused a major scandal when, in an interview with The Times in London, he called Adolf Hitler “not a true dictator” who had only been dragged into things he had no intention of doing. Rather, Ecclestone praised his ability to get things sorted. The result was an outcry, not least from the Jewish community. Ecclestone later apologized for his statements.
Fabiana Flosi is his third wife. He was previously married to former Armani model Slavia Radic for 28 years, with whom Bernie Ecclestone has two daughters. He also has a child with his first wife Ivy, whose children also have children, so that Bernie Ecclestone is now a great-grandfather.
In 2013 he was accused of bribery in a particularly serious case by the Munich Regional Court. The case was dropped for a payment of 75 million euros.
|Estimated value:||€3.2 billion|