16:51  ,  December 22, 2012

Formula One president’s daughters are most spoiled

Formula One President and CEO Bernie Ecclestone’s daughters Petra and Tamara are recognized by Business Insider as one of the most spoiled kids of famous personalities.

Petra famously bought an $85 million mansion in LA last year.

The daughters, ages 23 and 28, reportedly have access to their father’s $4.8 billion-dollar trust, and while Bernie lets them make spending decisions on their own, he has not been happy with how they have squandered their inheritance.

“The kids have had access to the money. The idea was that they’d buy super-quality property, property that would be long term, for their kids and everything else. Didn’t happen. They haven’t done that. So they’ve had access to money which they’ve spent,” Business Insider quotes Bernie Ecclestone as saying.

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