What is Petra Ecclestone’s Net Worth?

Petra Ecclestone, a British-born heiress, has a net worth of $400 million. She comes from an affluent family, with her father being the Formula One executive Bernie Ecclestone, whose net worth is $3.3 billion. Her mother is a former Croatian model named Slavica, and her sister is socialite Tamara Ecclestone.

Petra is known for her work in the fashion world, including her role as a menswear designer. She was also the former owner of The Spelling Manor, one of Los Angeles’ largest private residences. She bought the home in 2011 for $85 million, performed $20 million worth of upgrades and then sold it in 2019 for $120 million.

Petra frequently finds herself the subject of tabloid journalism, although she doesn’t actively seek out this attention. She is also known for her former marriage to James Stunt and her lucrative real estate deals.

Petra Ecclestone: Early Life and Health Scare

Petra Ecclestone was born on December 19th of 1988 in Westminister, London, England. Her mother is the famed Armani model Slavica Ecclestone, and her father is the Formula One billionaire Bernie Ecclestone. She was raised alongside two siblings and grew up speaking English and Croatian.

At the age of 14, Petra contracted meningitis. The experience turned her into a self-proclaimed “health freak,” and today Ecclestone is reportedly obsessed with hygiene, vitamins, and sober living. In later years, she learned Italian and French.

Petra Ecclestone’s Fashion Career

Petra Ecclestone dreamed of becoming a fashion designer from a young age and focused on menswear because she believed womenswear was saturated. She started the menswear label FORM at age 19, which was sold at Harrods but eventually closed after 14 months. Ecclestone then made a deal with the Croatian clothing company Siscia in 2009. In 2011, she launched the accessories brand Stark, which included handbags with 24-carat gold details.

Petra Ecclestone’s Real Estate Deals

Petra Ecclestone, daughter of billionaire Bernie Ecclestone, made headlines in 2011 when she purchased the Spelling mansion in Beverly Hills for $85 million in cash. The mansion, built by Aaron and Candy Spelling, is the largest single-family house in Los Angeles County, with over 100 rooms, a bowling alley, a wine cellar, and its own barbershop. Petra also purchased a mansion in London’s Chelsea neighborhood for $90 million in 2010.

After deciding to sell the Spelling Estate, Petra initially tried to offload it for $200 million, but eventually settled on a sale price of $120 million in 2019. Petra spent at least $20 million on renovations, upkeep, and taxes, resulting in a profit of $15 million.

While a profit of $15 million may seem substantial, it pales in comparison to the investment potential of the initial $85 million. If Petra had invested in the S&P, she would have $170 million today, and if she had invested in Apple or Amazon, she could have over $330 million or $865 million, respectively.

The Marriage and Divorce of Petra Ecclestone and James Stunt

In 2006, Petra Ecclestone met James Stunt on a blind date. They married in 2011 in an extravagant $15-million wedding in Italy, attended by celebrities and high-profile musicians. Over the next few years, they had three children together, but their marriage was not without incident. Stunt allegedly threatened to “blow his daughter’s head off,” and in 2017, the socialite locked herself in a bathroom during a violent argument with her then-spouse.

When divorce proceedings began in 2017, Stunt made disparaging comments about Petra’s father in court. Following the split, he suffered financially, with his assets frozen and many of his multi-million dollar estates repossessed. He even alleged that he had been robbed of $126 million in cash and jewelry. Stunt has also been accused of loaning forged paintings to the royal family.

Petra and Stunt’s split was not amicable, with both parties publicly attacking each other. Stunt claimed Petra had been “lobotomized” after their wedding, while Bernie and Petra accused James of drug addiction during their relationship. Petra later became engaged to Sam Palmers, a classic car dealer.

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