10 Things You Didn’t Know About Bernard Ecclestone & Family

Bernard Ecclestone & family have continuously made headlines due to their fascinating lifestyle and unique business acumen. The British business magnate ruled as the supremo of the Formula 1 world for several years before exiting. While his life may be public, there are certain aspects about him and his family that remain discreet. In this article, we delve into 10 lesser-known facts about Berns, as he is affectionately known, and his family. So, buckle up, and let’s begin this fascinating journey.

1. Ecclestone’s Early Life

Born in a working-class family, Bernie was not born with the proverbial silver spoon. His father was a fisherman and his mother was a housewife. The future mogul of the Formula 1 world was born in a humble home on October 28, 1930, in Ipswich, Suffolk.

Despite his humble beginnings, Bernie has always been ambitious. At the age of 16, he left school to work at a local gasworks plant and to pursue his dream to venture into the business world, he later decided to start trading spare auto parts.

2. Enter the World of Car Racing

Bernie’s love for cars led him to start racing competitively in his early twenties. He competed in several local and national races, although he didn’t earn any considerable recognition in the circle.

His passion for the sport was pivotal in shaping his future. He realized his skills were not on the racetrack but the transaction table. This realization eventually led him to acquire Brabham, a Formula 1 team, in the early 70s.

3. Friendship with Max Mosley

Lifelong friendships are quite rare, especially in the cutthroat world of high-end sports. Bernie Ecclestone and Max Mosley belong to this unique class. The two shared a deep and long friendship that lasted over 40 years.

They met during a race event in the ’60s when they were both young passionate racers. Max eventually became a powerhouse in the Formula 1 world like Bernie, serving as the President of the FIA, F1’s governing body, for 40 years.

4. His Stint as the F1 Supremo

Bernie Ecclestone’s impact on Formula One is undeniable. He controlled the sport for approximately four decades. During this period, he transformed F1 into a billion-dollar industry that attracted the world’s richest corporate companies and produced global heroes.

Under his leadership, F1 expanded globally with races being held at prestigious city circuits and stunning tracks worldwide. Though his reign had challenges, he is considered a major architect of modern Formula 1.

5. Love Life and Family

Even in his personal life, Ecclestone has experienced many ups and downs. He has been married thrice and has three daughters – Deborah, Tamara, and Petra, and a son, Ace.

Despite them inheriting a vast fortune, he has always urged his children to forge their own path. His daughters have since expanded on their brand, making a name for themselves in fashion and reality television.

6. Controversies

Ecclestone’s reign as the F1 supremo was not without controversies. He faced several law suits, including a bribery case which forced him to pay a substantial settlement.

His comments in media interviews have also caused a furore on several occasions. However, his contributions to the sport and its globalisation put him on the pedestal of one of the most powerful men in sports.

7. Philanthropy

A lesser-known fact about Ecclestone is his philanthropic work. He has consistently contributed to various charitable causes, especially children’s charities.

His commitment to helping the less fortunate was demonstrated when he sold his treasured Rolls Royce and donated the proceedings to Great Ormond Street Hospital, a reputable children’s hospital in London.

8. Sale of Formula 1

After decades at the helm of F1, Ecclestone sold the sport to Liberty Media in 2017. The sale signalled the end of his reign and saw him replaced by Chase Carey, an American media tycoon.

Despite his exit, Ecclestone remains influential in the sport, especially among team owners and drivers from his time.

9. Love for Brazil

Bernie Ecclestone has often admitted his love for Brazil. He owns a coffee plantation in the country, which he visits frequently. He’s reportedly a fan of the country’s rich culture and welcoming people.

His third wife, Fabiana Flosi, whom he married in 2012, hails from Brazil. They have one son together, named Ace.

10. Ecclestone’s Current Worth

Ecclestone’s shrewd business acumen saw him turn Formula 1 into a lucrative conglomerate. As a result, he accrued a vast fortune estimated to be over £2.5 billion.

Despite parting ways with Formula 1, Ecclestone remains one of the wealthiest sports personalities globally due to his previous earnings and assets.

For more on Bernie Ecclestone’s life and career, visit these links:

Formula 1 Official Website

Sporting News

Forbes – Bernie Ecclestone Profile