Bernard Ecclestone’s profile picture

Bernard Ecclestone

Bernard Ecclestone’s profile picture
Net worth 2018: $3.46 Billion
Industry: Sports
Residence: London, United Kingdom
BirthDay: 28 October 1930
Sigh: Scorpio
Children: 2
BIOGRAPHY

Bernard Ecclestone was bornon 28 October 1930 in London, United Kingdom, United Kingdom. Bernard Ecclestone is #664 in List Billionaires People In The World. Bernie Ecclestone took Formula One from a niche racing competition to a global phenomenon over a four decade career. But the man dubbed "F1 Supremo" by the British tabloids finally gave up the helm in January 2017, moving from CEO to chairman emeritus after Liberty Media Corp. acquired the group of companies that oversee the prominent racing series for $4.4 billion. Born the son of a trawler captain in Suffolk, Ecclestone built one of the U.K.'s largest used car dealerships after World War II and bought the Brabham racing team in 1971. Seven years later he became president of the chassis builder's union as the group battled F1's governing body over teams' share of revenues and the sport's now-lucrative TV rights. He eventually took control of F1's governance and lorded over the business despite selling most of his stake in the late 1990s. Ecclestone was accused of bribing German banker Gerhard Gribkowsky in the heat of the 2006 sale of the F1 group of companies to private equity firm CVC Capital Partners. While Gribkowsky was sentenced to eight and a half years behind bars, Ecclestone ultimately settled charges against him for $100 million. He met former model Slavica, who was his wife for 24 years until their 2009 divorce, while jetting from race to race in the 1980s. His fortune includes cash held in trusts for her and the couple's daughters, Petra and Tamara.

NET WORTH STATISTIC
2009

$3.7 Billion

2010

$4 Billion

2011

$4.2 Billion

2012

$2.8 Billion

2013

$3.8 Billion

2014

$4.2 Billion

2015

$3.9 Billion

2016

$3.2 Billion

2017

$2.9 Billion

2018

$3.46 Billion

TIMELINE
2017

Ecclestone was removed from his position as chief executive of Formula One Group on 23 January 2017, following its takeover by Liberty Media in 2016

2015

"Following his 2015 campaign for an all women championship - opposed by drivers and manufacturers alike - in January 2016, he declared that teams wouldn't select a woman driver if they could find a competent male

2014

On 14 January 2014, a court in Munich ruled that Ecclestone would indeed be tried on bribery charges in Germany, and on 5 August 2014, the same court ruled that Ecclestone could pay a £60m settlement, without admitting guilt, to end the trial

2013

In July 2013, German prosecutors indicted Ecclestone for alleged bribery

2012

The news of their marriage became public on 26 August 2012

2011

The Forbes World's Billionaires List of 2011 ranked Ecclestone as the 4th richest person in the United Kingdom, with an estimated fortune of $4

2010

On 17 December 2010 it was announced that Ecclestone had purchased the majority of shares from Flavio Briatore becoming the majority shareholder with 62% of the shares

2008

The Sun newspaper announced on 20 November 2008 that Slavica Ecclestone had moved out of the family home and filed for divorce

2007

" However, when Ecclestone was later told by Associated Press that the World Jewish Congress had called for his resignation, he said "it's a pity they didn't sort the banks out," referring to the financial crisis of 2007–2010, and claimed "They have a lot of influence everywhere

2006

CVC acquired Lehman Brothers share at the end of March 2006

2005

In 2005, Ecclestone sold his £9 million yacht Va Bene to his friend Eric Clapton

2004

In early 2004, he sold one of his London residences in Kensington Palace Gardens, never having lived in it, to steel magnate Lakshmi Mittal for £57

2000

Earlier, in February 2000, he said that women would never excel in Formula One, stating "she would have to be a woman who was blowing away the boys

1999

Also in 1999, Terry Lovell published a biography of Ecclestone, Bernie's Game: Inside the Formula One World of Bernie Ecclestone (ISBN 1-84358-086-1)

1997

On 6 November correspondents from three newspapers inquired whether Labour had received any donations from Ecclestone; he had donated £1 million in January 1997

1990

In the late 1990s he reduced his share in SLEC Holdings (owner of the various F1 managing firms) to 25%, though despite his minority share he retained complete control of the companies

1987

BMW withdrew from Formula One after the 1987 season

1984

The couple have two daughters, Tamara (born 1984) and Petra (born 1988)

1982

Ecclestone and BMW came close to splitting before the turbo car duly took its first win at the 1982 Canadian Grand Prix but the partnership took the first turbo-powered world championship in 1983

1981

In the summer of 1981 Brabham had tested a car powered by a BMW turbo engine, and 1982's new BT50 was powered by BMW's turbocharged 4-cylinder M10

1980

Piquet formed a close and long-lasting relationship with Ecclestone and the team, losing the title after a narrow battle with Alan Jones in 1980 and eventually winning in 1981 and 1983

1979

The book recounts an episode at the 1979 Argentine Grand Prix in which Colin Chapman offered Mario Andretti $1000 to push Ecclestone into a hotel swimming pool in Buenos Aires

1978

Following the crash at the 1978 Italian Grand Prix, Watkins demanded that Ecclestone provide better safety measures, which were provided at the next race

1976

The 1976 and 1977 seasons saw Brabham fall towards the back of the field again, before winning two races again in the 1978 season when Ecclestone signed the Austrian double world champion Niki Lauda, intrigued by Murray's radical BT46 design

1974

In parallel to his activities as team owner, Ecclestone formed the Formula One Constructors Association (FOCA) in 1974 with Frank Williams, Colin Chapman, Teddy Mayer, Ken Tyrrell, and Max Mosley

1973

The following year, Murray, who since 1973 had designed cars that had scored 22 GP wins, left Brabham to join McLaren

1972

The team achieved little during 1972, as Ecclestone moulded the team to fit his vision of a Formula One team

1971

Having bought the team from Ron Tauranac for approximately $120,000 at the end of 1971, Ecclestone eventually sold it for over US$5 million to a Swiss businessman, Joachim Luhti

1970

He became increasingly involved with his roles at FISA and the FOCA in the 1970s, in particular with negotiating the sport's television rights, in his decades-long advocacy for team control

1958

Lewis-Evans suffered severe burns when his engine exploded at the 1958 Moroccan Grand Prix and succumbed to his injuries six days later; Ecclestone was rather shaken up and once again retired from racing

1957

He returned to racing in 1957 as manager of driver Stuart Lewis-Evans, and purchased two chassis from the disbanded Connaught F1 team, whose driver line-up over the years had included Lewis-Evans, Roy Salvadori, Archie Scott Brown, and Ivor Bueb

1949

His first racing experience came in 1949 in the 500cc Formula 3 Series, acquiring a Cooper Mk V in 1951

1938

The son of a fisherman, he attended primary school in Wissett before the family moved to Danson Road, Bexleyheath, North West Kent, in 1938

1930

Bernard Charles Ecclestone (born 28 October 1930) is a British business magnate

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