Bernie Ecclestone Biography, Wiki, Age, Career, Family, Net Worth | Who is Bernie Ecclestone? Bio, Wiki

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Who is Bernie Ecclestone?

Bernard Charles Ecclestone (born 28 October 1930) is a British business magnate. He is the former chief executive of the Formula One Group, which manages Formula One motor racing and controls the commercial rights to the sport, and part-owns Delta Topco, the previous ultimate parent company of the Formula One Group. As such, he was commonly described in journalism as the ‘F1 Supremo’.

Bernie Ecclestone: Ex-F1 boss’ comments on Putin and racism far from ‘modern values of our sport’

Bernie Ecclestone: Ex-F1 boss' comments on Putin and racism far from 'modern values of our sport'
Bernie Ecclestone: Ex-F1 boss’ comments on Putin and racism far from ‘modern values of our sport’

Formula 1 says comments by the sport’s former boss Bernie Ecclestone on Vladimir Putin and racism are in “stark contrast” to “modern values”.

On Thursday, Ecclestone said he would “take a bullet” for Russia’s president.

The 91-year-old, who was removed as chief executive when US group Liberty Media bought F1 in 2017, added that the Russian president’s war in Ukraine “wasn’t intentional”.

He also said Lewis Hamilton should have “brushed aside” racist comments.

“The comments made by Bernie Ecclestone are his personal views and are in very stark contrast to the position of the modern values of our sport,” a statement from F1 read.

Ecclestone built up a relationship with Putin when they were establishing the Russian Grand Prix, which made its debut in the Black Sea resort of Sochi in 2014.

In 2016, Ecclestone was criticised for saying Putin was “the guy who should run Europe”, and he has become notorious for making provocative, outdated comments about social and political matters.

Several senior figures in F1 have told BBC Sport they believe Ecclestone is performing some form of informal advisory role to the president of the FIA – motorsport’s governing body – Mohammed ben Sulayem.

But an FIA spokesman said: “The two of them know each other, but there is no advising going on and hasn’t been since he became president, and as far as I know before that.

“There is no association there and no informal or formal advising.”

Bernie Ecclestone Biography, Wiki

Bernard Charles “Bernie” Ecclestone (born 1930) is the president of Formula One Management and owns such large percentage shares in the various organizations which keep the sport going that he is generally considered the top man in Formula One racing.

Ecclestone was born in Ipswich, Suffolk, England, and shortly thereafter moved near London. He left school at age 16 to work at the local gasworks and pursue his hobby, motorcycles.

Immediately after the end of World War II, Ecclestone went in to business trading in spare parts for motorcycles; he formed the Compton & Ecclestone motorcycle dealership with Fred Compton. He himself entered the 500cc Formula 3000 series, driving at a very few events, but gave up in 1951 after a large accident at the Brands Hatch circuit.

He temporarily left racing to make a number of lucrative investments in real estate and loan financing, and managed the Weekend Car Auctions firm. He returned to racing in 1957 to manage Stuart Lewis-Evans and purchased the F1 Connaught team, whose drivers included Lewis-Evans, Roy Salvadori, Archie Scott-Brown, and Ivor Bueb. Ecclestone even attempted to qualify a car himself at Monaco in 1958.

He continued to manage Lewis-Evans when he moved to the Vanwall team; Salvadori moved on to manage the Cooper team. Lewis-Evans suffered severe burns when his engine exploded at the Moroccan Grand Prix and succumbed to his injuries six days later; Ecclestone was rather shaken up and once again retired from racing.

Soon enough, however, his friendship with Salvadori led to his becoming manager of driver Jochen Rindt and a partial owner of Rindt’s Formula 2 team, Lotus (whose other driver was Graham Hill). Rindt, on his way to the 1970 World Championship, died in a crash at the Monza circuit, though he was awarded the championship posthumously.

Bernie Ecclestone Biography Wikipedia
Bernie Ecclestone
BornBernard Charles Ecclestone
28 October 1930 (age 91)
Hawk House, St Peter South Elmham, Suffolk, England
NationalityBritish
OccupationBusinessman
Years active1950–present
TitleChairman Emeritus of Formula One Group (2017–2020)
Spouse(s)Ivy Bamford​​(m. 1952, divorced)​
Slavica Radić​​(m. 1985; div. 2009)
​Fabiana Flosi ​(m. 2012)​
Children4; including Tamara and Petra

Bernie Ecclestone Career

In 1957, he started managing the ace racer Stuart Lewis–Evans and worked with him for more than a year. A brutal accident at the 1958 ‘Moroccan Grand Prix’ had Lewis dying on the track. This accident shook Bernie to his core, and he retired from ‘Formula One again.’

For the next few years, he indulged in other ventures, and several years later, he ventured into managing once again, with the racing driver Jochen Rindt. In 1971, he welcomed a major milestone of his professional life. He was approached by Ron Tauranac, who owned the ‘Brabham’ team and was looking for a business partner.

Instead of agreeing to be his partner, Bernie offered to buy the team, and the deal was soon finalized.By the beginning of the 1972 season, Bernie had full control over the team, which had him doing certain modifications. Such changes did not work in the team’s favor initially.

As a result, the 1972 season turned out to be a failure for the team. He fired the team designer and hired Gordon Murray as the chief designer. By the time the 1974 and the 1975 seasons arrived, ‘Brabham’ had recorded several victories on many tracks.

Bernie remained a controversial figure in ‘Formula One.’ He frequently experimented with the designs and engines of his cars. His experiments often ended up in failure. Toward the end of 1987 season, Bernie had made up his mind to sell his team, and it was finally sold to a Swiss businessman for US$ 5 million, and garnered a huge profit margin.

At the same time, he was offered a place in the ‘FOCA,’ an organization that he had co-founded. In 1978, he was appointed as the CEO of ‘FOCA,’ which was a direct rival of the ‘Fédération Internationale du Sport Automobile’ (FISA), another major ‘Formula One’ organizer.

The clash between the two giants was mostly over the TV rights, as Bernie knew it was going to be an extremely profitable deal for all the parties involved with the sport. For this purpose, he founded the ‘Formula One Promotions and Administration’ (FOPA), which suggested that 47% of the total revenue from the TV rights must be given to the teams, and 30% and 23% to the ‘FIA’ and the ‘FOPA,’ respectively.

All through the next decade, the TV rights kept shuffling around between all the parties involved and it led to the ‘Concorde Agreement’ in 1997. The agreement stated that Bernie would pay an amount annually and would keep the TV rights, in return.

‘The Concorde Agreement’ had a validity period and finally expired in 2007. The contract he had with the ‘FIA’ too expired in 2012. Following the takeover of ‘Formula One’ by ‘Liberty Media’ in 2016, Bernie was removed from his position as the CEO of the ‘Formula One Group.’

He is known as the man who singlehandedly brought international recognition to ‘Formula One.’ Several biographies of Bernie have been published, tracing his life from being a failed ‘Formula One’ driver to a successful business tycoon.

Bernie Ecclestone Personal Life

He was dubbed as the fourth richest person in the UK by ‘Forbes’ in 2011, with his total estimated fortune being US$ 4.2 billion.Bernie Ecclestone has married three times. He was first married to Ivy Ecclestone, with whom he had a daughter, Deborah.

He has five grandchildren from his daughter.Bernie was also in a long-term relationship with Tuana Tan. He later married Slavica Radic. He had a 23-year marriage with Slavica, with whom he had two daughters, Tamara and Petra. In November 2008, Slavica filed for divorce, which was ultimately granted in 2009, with Bernie ending up paying a huge amount as settlement.

In April 2012, news reports claimed that Bernie was engaged to the vice-president of marketing for the ‘Brazilian Grand Prix,’ Fabiana Flosi. She happens to be 47 years younger than Bernie and their marriage was revealed in August 2012.

Bernie Ecclestone FAQ’s

Who is Bernie Ecclestone?

Bernard Charles Ecclestone (born 28 October 1930) is a British business magnate. He is the former chief executive of the Formula One Group, which manages Formula One motor racing and controls the commercial rights to the sport, and part-owns Delta Topco, the previous ultimate parent company of the Formula One Group. As such, he was commonly described in journalism as the ‘F1 Supremo’.

How old is Bernie Ecclestone?

Bernie Ecclestone is currently 92 years old.

Why is Bernie Ecclestone trending?

Formula 1 says comments by the sport’s former boss Bernie Ecclestone on Vladimir Putin and racism are in “stark contrast” to “modern values”.

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