Bernard Charles Ecclestone is a British business entrepreneur who was born on October 28, 1930. He formerly served as CEO of the Formula One Group, the company responsible for organizing and monetizing Formula One auto racing. The media frequently referred to him as the “F1 Supremo” because of this.
Ecclestone started off as a race car driver, entering two Grand Prix events in 1958 but not making the cut for each. Stuart Lewis-Evans and Jochen Rindt hired him later on as their manager. He took over the Brabham squad in 1972 and led them for the next decade and a half.[8] He joined the Formula One Constructors’ Club as a member team owner.
Bernie Ecclestone Net Worth
Bernie Ecclestone is a British businessman with a $3 billion fortune. He is now among the top 65 wealthiest Britons, as of this writing. Bernie Ecclestone was the fourth-wealthiest person in the United Kingdom with a net worth of $4.2 billion in the early 2010s.
Slavica Ecclestone, his ex-wife, reportedly received between $1 billion and $1.5 billion in the divorce settlement, which certainly contributed to the decrease in his net worth. Petra and Tamara Ecclestone, his daughters with Slavica, a former Armani model, are well-known socialites, models, and businesswomen in their own right.
Bernie is best known as the former CEO of the Formula One Group. This is the multinational corporation that owns and organizes Formula One racing. To this day, he is still considered Formula One’s “boss” due to his continued ownership of the sport’s commercial rights. In addition to his work in Formula One, Ecclestone was the owner of the Queens Park Rangers football team in England from 2007 to 2011.
Bernie Ecclestone Earlier Years
On October 28, 1930, in Suffolk, England, Bernard Charles Ecclestone was born. Ecclestone, the son of a fisherman, went to London with his family when he was a little child. Despite the German bombing of London, he remained in the city during World War II.
When Bernie was 16, he decided to forego his high school education and instead begin working in a chemistry lab. The University of Woolwich was where he eventually enrolled to study chemistry.
Bernie Ecclestone Controversial Statements
Bernie Ecclestone is known for making remarks that divide opinion. A quote of his: “Hitler got a lot done” and “could command a lot of people.” After that, several Jewish organizations began to express their shock and dismay. Another thing he remarked was, “democracy hasn’t done a lot of good for a lot of countries.”
Bribery Accusations
In 2012, Ecclestone was implicated in the bribery prosecution of a German bank executive. Ecclestone allegedly promised the banker $44 million to “encourage” him to sell the lender’s interest in Formula One, as stated in the lawsuit. In 2014, Bernie was given the option to settle bribery accusations for 60 million pounds in order to avoid going to trial.
almost the course of nine years, Ecclestone avoided paying almost 1.2 billion pounds in taxes to the United Kingdom, according to an inquiry prompted by the bribery case. Bernie offered to pay 10 million pounds to settle the dispute, and it was accepted.
Bernie Ecclestone Tax Evasion Allegations
Bernie went on trial in London in April 2023 on charges of tax evasion related to a $650 million stash in a Singapore bank account. One case of fraud was filed against him for allegedly concealing funds between 2013 and 2016. Prosecutors in the UK claim:
Mr. Ecclestone’s finances were the subject of an inquiry by Revenue and Customs. Trusts established in other countries were a topic of inquiry during that probe. The Crown’s case against him centers on his alleged failure to report the existence of a trust in Singapore that held around $650 million in funds.
Bernie Ecclestone Actual Property
A piece of real estate owned by Bernie Ecclestone in London’s Kensington Palace Gardens changed hands in 2004 for a whopping 57.1 million pounds. Before selling the massive mansion, Bernie never ever stepped foot inside.
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