Money, money, money for Bernie

Formula 1 boss Bernie Ecclestone is this year's highest earning Briton by a massive £320 million according to the Sunday Times Magazine

Money, money, money for Bernie

In a list of Britain's top 500 earners Ecclestone is the clear number one and is listed as earning £617 million last year, generated mainly from selling a 50 per cent share of SLEC, the holding company for all of F1's commercial activities, in February.

Although the highest earner this year - which includes dividend payments and share sales - Ecclestone received a salary of just under one million pounds according to the latest accounts of the Formula One Administration. This is a vastly reduced figure compared to the salary of £54.9 million Ecclestone collected in March 1996.

According to latest figures, Formula 1 reported an operating profit of £80 million from a turnover of £240 million.

Behind Ecclestone in the top 500 list was Eddie Irvine, whose Jaguar Racing salary of £7million put the Irishman in 131st place. Other motorsport luminaries included Adrian Reynard, chairman of the eponymous racing car manufacturer and technical director of BAR F1 team in 184th place and rally star Colin McRae who netted £3.5million last year to put the Scot in position number 229.

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