What is Slavica Ecclestone’s net worth?
Slavica Ecclestone, the former model and ex-wife of Formula One owner Bernie Ecclestone, has a net worth of $1.2 billion.
According to reports, Ecclestone has amassed her fortune through various business ventures and investments.
She was married to Bernie Ecclestone for 24 years before their divorce in 2009.
Early Life of Slavica Ecclestone
Slavica Ecclestone, also known as Slavica Radic, was born in Rijeka, Croatia on June 2, 1958. Her parents, Jovi Radic and Ljubica Malic were from Serbian villages in Bosnia-Herzegovina. The family moved to Croatia (then Yugoslavia) shortly before Slavica’s birth in search of better job opportunities. That didn’t pan out and the family soon moved back to northern Bosnia to her father’s village of Maglajani. Her parents divorced when she was seven.
Slavica Ecclestone’s Career Beginnings
Slavica Ecclestone started her career as a fashion model during her teenage years, working with famous designers such as Giorgio Armani. She appeared in various ad campaigns, editorials, and runway shows. In 1982, while modeling for Armani, she was hired for a Formula One promotional event at the Italian Grand Prix in Monza, where she met Bernie Ecclestone.
Family and Personal Life
Slavica Ecclestone met Bernie Ecclestone at the 1982 Italian Grand Prix, despite their language barrier, height difference, and 28-year age gap. They got married in 1985, and have two daughters, Tamara and Petra Ecclestone. Tamara is a model, socialite, and television personality who is married to Jay Rutland and has one daughter, Sofia. Petra is a model, fashion designer, and socialite who was previously married to James Stunt and has three children, Lavinia, James Jr., and Andrew. The couple divorced in 2017.
In 2018, Bernie Ecclestone criticized James Stunt for badmouthing Slavica, claiming that Stunt’s public image suffered after marrying “a C-list celebrity’s daughter.”
Slavica Ecclestone Receives $1.2 Billion Divorce Settlement
In November 2008, Slavica filed for divorce after 23 years of marriage with Bernie Ecclestone. The divorce was finalized in 2009 and became worldwide news as they divided up the Formula One fortune. Slavica ultimately received a $1.2 billion divorce settlement, making it one of the most expensive divorces in history.
Unusual Divorce Settlement for Bernie Ecclestone
Bernie Ecclestone, former CEO of Formula One, has received over half a billion dollars from his ex-wife’s trust fund since their divorce. This is an unusual settlement where the ex-wife seems to be paying the billionaire roughly $100 million a year instead of the other way around. The reason behind this structure is due to Ecclestone’s assets being transferred into his ex-wife’s name in the late 1990s when he was suffering from serious heart problems. If Ecclestone had passed away, his daughters would have faced British death duties at a rate of 40%. Therefore, while Ecclestone has a net worth in the billions, his ex-wife technically holds the deeds and pink slips on a number of his assets, making her appear to be the wealthier person to the courts and requiring her to pay him $100 million per year.
