Billionaire Profile
Bernard Ecclestone & family
Global Rank
#1659

Image: Public domain | via Wikimedia Commons

Bernard Ecclestone & family

CEO, Formula One Group
GB
Real-Time Net Worth
$2.9B
As of December 2025
Age
95
Source
Formula One
Industry
sports
Citizenship
GB

Biography

Bernard Charles Ecclestone, widely known as Bernie Ecclestone, is a British business magnate and former racing driver. He is best known for transforming Formula One into a global phenomenon over a four-decade career. Born in 1930, Ecclestone started his career trading motorcycle parts and later transitioned into racing. His wealth source primarily stems from his involvement in Formula One, where he controlled the commercial rights. Ecclestone's career included managing drivers, owning the Brabham team, and ultimately, controlling Formula One's governance, negotiating lucrative television deals and sponsorships. Despite controversies and legal challenges, he amassed a significant net worth and left a lasting impact on the world of motorsports.

Wealth Over Time

In-Depth Profile

Early Life

Bernard Charles Ecclestone was born on October 28, 1930, in St Peter, South Elmham, Suffolk, England. His father was a fisherman. Ecclestone attended primary school and left school at 16 to work in a gasworks laboratory. His early passion was motorcycle scrambling.

Rise to Success

Ecclestone's career in motorsports began trading motorcycle parts after World War II. He began racing in Formula Three in 1949. He later purchased the Brabham team in 1972, which he ran for 15 years. Ecclestone became increasingly involved in the commercial aspects of the sport, forming the Formula One Constructors Association (FOCA) in 1974. He was instrumental in negotiating television rights deals and sponsorships, transforming Formula One into a global business.

Key Business Strategies

Ecclestone's strategies involved controlling Formula One's commercial rights, negotiating TV deals, and expanding the sport globally. He centralized the race organization, sponsorship, and media rights through Formula One Promotions and Administration (FOPA), later Formula One Management (FOM). He sold shares of Formula One throughout his tenure.

Philanthropy

Information on Ecclestone's specific philanthropic activities is limited in the search results.

Career Milestones

1949

Racing Debut

Began racing in the 500cc Formula 3 Series.

1972

Brabham Team Purchase

Purchased the Brabham Formula One team.

1974

FOCA Founding

Co-founded the Formula One Constructors Association (FOCA).

1978

FOCA Executive

Became the CEO of FOCA, negotiating TV rights.

1987

Formula One Group Founding

Founded the Formula One Group, controlling commercial rights.

2017

Sold Formula 1

Sold controlling stake in F1 to Liberty Media.

2023

Tax Fraud Conviction

Convicted of tax fraud and received a suspended prison sentence.

Philanthropy & Social Impact

General Philanthropy

Unknown

Undisclosed

Information on specific philanthropic activities is limited.

Business Philosophy & Leadership

Notable Quotes

"“You can have anything you like, as long as you pay too much for it.”"

"“Money was never the motivation, it was always about ideas and control.”"

Leadership Principles

Control

Ecclestone was known for his strong control over Formula One's commercial aspects.

Negotiation

His hard-nosed negotiating skills were key to his success.

Vision

Transforming F1 from a niche sport to a global spectacle.

Controversies & Challenges

2012

Bribery Indictment

Accused of bribery in Germany.

2016

Dismissing Women Drivers

Made comments suggesting women wouldn't make good F1 drivers.

2022

Comments on Putin

Made controversial remarks about Vladimir Putin.

2023

Tax Fraud

Convicted of tax fraud.