Ecclestone daughter’s $20 million wedding
12 November, 2011
Nov.12 (PVM) With Bernie Ecclestone giving evidence in the trial of Gerhard Gribkowsky, the German banker charged with tax evasion and receiving bribes worth $44 million from the F1 supremo, some interesting insights into the lifestyle of a billionaire are emerging- such as the estimated $20 million dollars spent on his daughter’s recent wedding.
Ecclestone told the court, “My younger daughter [Petra] got married and I thought as father of the bride I should pay for the wedding. But when it was suggested how much they would be spending on drinks, I thought it was absurd and I managed to upset my daughter and my wife.”
“Then she [Slavica] spent in excess of $19 million on my daughter’s wedding which I did not know about until afterwards,” revealed Ecclestone.
Slavica Radic met Bernie Ecclestone while working on a Formula 1 promotional event for Armani at the 1982 Italian Grand Prix in Monza.
The couple were married in 1985 and have two daughters, Tamara (born 1984) and Petra (born December 1988).
A complex system of companies places much of the Ecclestone’s wealth in Slavica’s name, with much of his Formula One related property owned by a Jersey-based holding company (named SLEC, for SLavica ECclestone), of which Slavica is the major stockholder. She also owns her own promotion company and is .
It was confirmed in November 2008 that Slavica Ecclestone filed for divorce after twenty-three years of marriage and who with a fortune of over a billion dollars is one of the UK’s wealthiest millionaires as the result of a divorce.