Legendary Formula 1 figure Bernie Ecclestone, 95, has embarked on a major lifestyle downsizing, selling two luxury yachts following the recent disposal of his prized $600 million car collection. The former F1 chief executive revealed his asset reduction strategy in an interview with German publication Bild.
Simplifying Luxury Living
The motorsport mogul confirmed the sale of his Croatia-based yacht Petara - named after daughters Petra and Tamara - which saw minimal annual use. "We only used it eight days a year," explained his wife Fabiana. "We don't need such a big yacht for that." A smaller vessel docked in Ibiza has also been listed for sale.
"They've gone to a good home... They'll present them somewhere, into a museum so people can have a look at them for a change which has never happened before."
- Bernie Ecclestone on his car collection sale
Historic Automobile Collection Finds New Home
Earlier this year, Ecclestone transferred ownership of his 69-vehicle collection to Red Bull co-owner Mark Mateschitz. The assemblage included:
- Ferrari F1 cars driven by Michael Schumacher and Niki Lauda
- Iconic Brabham racers piloted by Nelson Piquet
- Various other championship-winning vehicles
Continued F1 Passion
Despite stepping down as CEO in 2017 after Liberty Media's $8.4 billion acquisition of F1, Ecclestone remains deeply connected to the sport. "I still watch every race, even every practice session," he shared. The nonagenarian continues to reside in Switzerland with his family, maintaining his $3.1 billion fortune while streamlining his possessions.
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