Fabiana Flosi, wife of former Formula 1 boss Bernie Ecclestone, has purchased a £35 million mansion overlooking the Atlantic Ocean in Portugal’s Quinta da Marinha resort near Cascais. This transaction represents the largest private home sale in the country’s history.
Property Details and Sale
The luxurious property, located about 15 miles west of Lisbon, features a large swimming pool, tennis court, and internal elevator. Negotiations lasted six months, with the deal completing three months ago. Portuguese entrepreneur Marco Galinha, founder of Grupo BEL, previously owned the mansion.
Potential neighbors include Portugal captain and football star Cristiano Ronaldo, who owns a £30 million estate in the same Sintra-Cascais Natural Park area.
Family Life and Parenting Insights
Fabiana Flosi, 46 years younger than 95-year-old Ecclestone, discussed their approach to raising their five-year-old son Ace. She explained: “Bernie and I are a team and we’re raising Ace as a team. If I’m ever a little impatient, Bernie explains to him in his usual calm and quiet way that he can only watch half an hour of TV after he’s done his homework.”
She added: “It’s not easy for us to explain to Ace that online, tablet, and YouTube are only available on Tuesdays, while his classmates are allowed to do so every day. I think it’s a good idea for him to get his first mobile phone at 12 or 14.”
Ecclestone described his son as “a wonderful boy. He’s bright, curious and interested in everything.”
Recent Asset Sales
Ecclestone, with a net worth of about £2.4 billion, recently sold assets including his superyacht Petara, valued at £17 million with annual running costs of £1.7 million. He confirmed: “We just sold it,” while Flosi noted: “We only used it eight days in a year. We don’t need such a big yacht for that.”
Earlier, he sold his collection of 69 supercars to Red Bull co-owner Mark Mateschitz, estimated at £500 million. Ecclestone stated: “These are unique vehicles. They have written sport history and marked technical milestones. They embody 70 years of F1 history. It means a great deal to me to know that this collection is now in the very best of hands.”
Background and Legal Matters
In 2023, Ecclestone admitted misleading UK tax authorities about overseas assets, paying £750 million in back taxes. He received a 17-month suspended sentence after concealing a Singapore trust holding £416 million.
Ecclestone left school at 16, started a car dealership by 21, and entered F1 in 1972 by buying Brabham for £100,000. He secured global TV rights, growing the sport’s value to £2.5 billion by the 1990s. Liberty Media acquired F1 for £6.4 billion after his tenure as CEO until 2017.
