Petra Ecclestone, 22, the daughter of Formula 1 racing mogul Bernie Ecclestone borrowed $85 million from her mother to buy Candy Spelling’s 57,000 sq ft Los Angeles mansion.
Ecclestone’s new 6 acre pad is the most expensive home in America and the largest family home in LA which she bought for cash. The billionaires said on GMA, “Firstly, it was a great investment. I got a really good deal, and it’s kind of like prime real estate.”
“I’m planning to move to LA. I wanted to have an amazing home. Hopefully in the future I’ll be raising a family… and my family from London will be coming to visit,’ she says with a laugh, ‘so I need loads of space.”
Ecclestone’s New LA diggs has:
* 14 bedrooms
* 57,000 square feet
* Garage for 100 cars
* Tennis Court
* Two-lane bowling alley
* Flower cutting room
* Gift wrapping room
* Six acres of lawns
* Too many bathrooms to count
“It really was a great investment. … I’ve got a house in London and I just kind of buy prime real estate that I know hopefully won’t go down in value, she told GMA.
I help as much as I can, but at the end of the day, however much the house has cost, that’s not going to, I don’t know, like, change the world.”
‘When you bought that home, did it cross your mind that you could have built affordable housing for a thousand families?’ asked GMA.
‘I help as much as I can, but at the end of the day, however much the house has cost, that’s not going to, I don’t know, like, change the world,’ she said.
‘I’m a hard-working girl. I go to the office. I work a normal 9 to 5 job most days,’ said Ms Ecclestone.
‘My mum came from such humble beginnings and especially my dad as well. He didn’t go to university,’ she said. ‘He kind of worked up from the age of 15 and now he’s nearly 80 and he’s still working hard. He doesn’t need to work.’
‘I’m not spoilt. I’m privileged. And I think there’s a big difference.’
“I’m not going to not live in a certain way because there are people less fortunate than I am.”