Business tycoon Bernard Charles Ecclestone was born in Britain on October 28, 1930. He co-owns Delta Topco, the former ultimate parent company of the Formula One Group, and served as the organization’s former chief executive. The Formula One Group organizes Formula One racing and has the commercial rights to the sport. As a result, he was frequently referred to in the media as the “F1 Supremo.”
During the 1958 season, Ecclestone entered two Grand Prix events as a driver but failed to qualify for either of them. Later, he took on the role of managing the drivers Jochen Rindt and Stuart Lewis-Evans. He acquired the Brabham team in 1972 and managed it for 15 years. He joined the Formula One Constructors Association as a team owner.
He and his companies managed the administration, setup, and logistics of each Formula One Grand Prix under the terms of the Concorde Agreement, making him one of the wealthiest men in the United Kingdom. His control of the sport, which resulted from his groundbreaking sale of the television rights in the late 1970s, was primarily financial.
Ecclestone was succeeded as the chief executive of the Formula One Group by Chase Carey, it was announced on January 23, 2017. Ecclestone served as the board’s advisor and was named chairman emeritus.
Between 2007 and 2011, Ecclestone and his business partner Flavio Briatore also owned the English football team Queens Park Rangers.
On October 28, 1930, Ecclestone was born in St. Peter, South Elmham, a village three miles south of Bungay, Suffolk. He was the son of fisherman Sidney Ecclestone and his wife Bertha, whose family had immigrated from Kent to work in Norwich’s painting industry in the early 20th century. Before the family moved to Danson Road in Bexleyheath, South East London, in 1938, Ecclestone attended primary school in Wissett. During the Second World War, he did not leave his family and move to the countryside.
At the age of 16, Ecclestone dropped out of Dartford West Central Secondary School to work as a lab assistant at the neighborhood gasworks, where he tested the purity of the gas. At Woolwich Polytechnic, he pursued his interest in motorcycles while still studying chemistry.
Net Worth of Bernie Ecclestone
A British businessman with a net worth of $3.3 billion is Bernie Ecclestone. He was ranked as the fourth richest person in the UK in 2011 and had a net worth of $4.2 billion at that time. His semi-recent divorce settlement, which left his ex-wife Slavica Ecclestone with an estimated sum of between $1 billion and $1.5 billion, is probably to blame for the decline in his net worth. He has two daughters, Petra and Tamara Ecclestone, who are both well-known socialites, models, and businesswomen, with Slavica, a former Armani model.
Ecclestone’s net worth was valued at $3.5 billion by Forbes’ 2021 list of the world’s billionaires. With an estimated net worth of £2.5 billion as of 2021, he is ranked as the 65th richest person in the UK by The Sunday Times Rich List.
He never lived in one of his Kensington Palace Gardens homes in London, but in early 2004, he sold it to Indian steel tycoon Lakshmi Mittal for £57.1 million. Ecclestone kept his offices at Grand Prix locations in a gray mobile home known as “Bernie’s van.” Ecclestone gave his buddy Eric Clapton the £9 million yacht Va Bene in 2005.
A biography of Ecclestone by Terry Lovell, titled Bernie’s Game: Inside the Formula One World of Bernie Ecclestone, was released in March 2003 after being postponed due to legal concerns from its planned release date of November 2001.
Early in the new millennium, Ecclestone declined a knighthood because he didn’t think he earned it. In a 2019 interview, he said that while he was happy if he had contributed to the good of the nation, he did not set out to do so and hence did not merit praise.