There are heiresses and then there are billionaire heiresses.
America may have glamorous socialites and reality-show celebutantes like
Paris Hilton and Kim Kardashian, but when it comes to seriously
conspicuous spending, its hard to top Britains Ecclestone sisters.
Especially when it comes to real estate.
The Ecclestone heirs, Petra Stunt, 24, and Tamara Ecclestone, 28, have
spent well over $200 million between them on homes and home makeovers
in London and Los Angeles. And their spending sprees seem to have fuel
Their father, Bernie Ecclestone, the 82-year-old billionaire owner of
Formula One racing, set aside $4.5 billion in Bambino Holdings, a trust
fund primarily intended to be used by his ex-wife, Slavica Rasic, and
daughters for real estate investments.
But are these extravagant homes and renovations what Mr. Ecclestone had