Bernie Ecclestone, the former chief executive of Formula 1, has put his Knightsbridge property on the market for £50 million. The 11-story, glass-fronted building in London has served as both Ecclestone's F1 headquarters and his London residence.

The property features a four-bedroom penthouse occupying the top four floors, offering views across Hyde Park. Staff quarters are located on the lower ground floor, with offices occupying the first to fifth floors. Ecclestone, 95, amassed a fortune of approximately £3 billion and has previously acquired other high-value assets, including a yacht and a chalet in Switzerland.

Ecclestone, who is a father, grandfather, and great-grandfather, has reportedly decided to spend more time in Portugal with his wife, Fabiana Flosi. Flosi is said to have purchased a property in Portugal overlooking the Atlantic Ocean.

Ecclestone, who was once described as looking like a tortoise in an Andy Warhol wig, has declined to comment on the sale of the London property.