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  • News

    Formula 1 Heiresses Recommend Real Estate, Dog Facials

    Last year, Petra Ecclestone, daughter of Formula 1 boss Bernie Ecclestone, gave the California housing market a boost when she bought 90210 widow Candy Spelling’s 57,000 square foot mansion for $85 million, as a crash pad for when she’s in Los Angeles (she also owns a six-story house in London’s Chelsea neighborhood purchased for £56 million). Around the same time, Petra’s sister, Tamara, paid $70 million for “a 16,000-square-foot historic brick home across the road from Kensington Palace.” And while some would simply write the Sisters Ecclestone off as spoiled rich girls whose parents have footed the bill for these places (mom is Slavica Radic, a former Croatian model who lent Petra $82.4 million for the LA house), the Wall Street Journal sees what the haters will not: a couple of savvy investors who you might consider asking to manage your money.

    In an interview with the paper, which dubbed the Sisters Ecclestone “The First New Family of Real Estate,” Tamara explained her investment thesis:

    Wearing Lululemon yoga pants and a fitted hoodie, Ms. Ecclestone sat in her living room, overlooking an outdoor lap pool, and explained that she sees their real estate holdings as smart purchases. “I think London [property] is a really good investment,” she said. “There’s no bank in the world that can give you that return.”

    Ecclestone also shared some pearls of wisdom re: dealing with critics looking to bring you down, of which her fellow billionaires, newly minted or old, should take note.

    Last year Ms. Ecclestone starred in a reality program about her life called “Billion $$ Girl.” One episode depicted her taking her dogs to Harrod’s for facials and pedicures. Another shows her debating cancelling a meeting because she woke up with a pimple on her face. Her participation in the show, in the midst of a recession, drew criticism from many, including her father. Mr. Ecclestone said he could barely make it through one episode. “I spoke to her before and said… ‘They’re never going to show you in a good light,’ ” he said. “She was stupid to do it.” Ms. Ecclestone took the criticisms in stride. “It’s like water off a duck’s back,” she said.

    The First New Family Of Real Estate [WSJ]

    / May 18, 2012 at 2:42 PM
  • Threesomes

    Chiesi Sisters Could Use A Break In 2012

    A couple weeks ago, we mentioned, as a cautionary tale, the story of a Do It Yourself Bonus backfiring. Helen Kapoutos, a 28 year-old personal assistant, was charged with embezzling $170,000 from her boss, a former trader who met her in a strip club and was paying her to do household errands and sometimes have […]

    / Jan 5, 2012 at 3:36 PM
  • News

    Connecticut Teens Prep For Life On The Trading Floor

    Two Greenwich sisters were issued summons for third-degree disorderly conduct after police were called to a town residence on a report of a domestic dispute. The sisters, ages 14 and 16, were involved in an argument over computer usage. Police said one of the girls interrupted the other’s computer usage, causing her to shove her […]

    / Sep 30, 2011 at 2:52 PM
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    Remember This Tomorrow

    Shitty climate got you down? Getting your ass kicked every day? Feel like the market is making you its bitch? Obviously, you have options. You can cry about it. You can jerk the wheel into a god damn bridge abutment. Or you can act like a winner. You can realize that there is no substitute […]

    / Sep 22, 2011 at 4:01 PM
  • News

    Cowen Managing Director Charged With Assaulting Sister Because She’s “Thin”

    Mary Sadrakula, pictured in both the glamour shot and mugshot at left, is a New Jersey councilwoman and a managing director at Cowen and Company. If colleagues have noticed that it seems like her head’s been in another place lately, it probably has, given that, in the last two weeks, she’s been charged with 1) […]

    / Mar 4, 2011 at 9:45 AM

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