His kid is blowing through it like water
Petra Ecclestone, the girl whose full-time job is spending Daddy's billions
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She is so slight and quiet that were it not for her perfectly blow-dried hair, Smartie-sized diamond earrings and gold Rolex watch, you might think Petra Ecclestone was just another well-heeled London girl.
That would be quite a mistake, for this 22-year-old, who has never held down paid employment, is in the process of buying the kind of second home which would make a plutocrat green with envy.
Her first property, a magnificent Grade II listed house in Chelsea, cost £56 million and is still being renovated. Her new house in Los Angeles — The Manor in the Holmby Hills, which once belonged to TV producer Aaron Spelling — is the most expensive in America, and will set her back a further £91 million.
Petra’s spokesman, Eliot Sandford, tells me: ‘The deal is not yet finalised so I can’t confirm it, but it is being negotiated now.’
Actually, she isn’t even planning to live in this gigantic pile full-time because she doesn’t want to relocate to America. It’s too far from her comfort zone of London nightclubs Tramp and Annabels and her dear friends, such as Princesses Beatrice and Eugenie.
So the house in Los Angeles seems likely to be magnificently empty for much of the time
Lucky for her she doesn't look like his kid
