Bernie Ecclestone

Formula 1 chief Bernie Ecclestone has been revealed as the new owner of the £85 million pound house for sale on Kensington Palace Gardens. He maintains his reputation as one of Britain's top business men by getting it for the knockdown price of £50 million.

This price still makes it Britain's most expensive privately owned home. What did he get for his money? Eight luxurious suites each with a bedroom, bathroom, dressing room and sitting room. Then he's got a lavish dining room with an antique crystal chandelier, not to mention a huge ballroom and an oak panelled picture gallery to hang his beloved art collection.

There's a room where Bernie and his mates can sit surrounded by giant TVs to watch horse-racing. They can cool off in the basement pool.

Built in 1845, his ornate mansion was designed by Sir Charles Barry, who built the Houses of Parliament.

71-year-old Ecclestone - recently named Britain's top earner for the second year running - made £788million in the past 12 months from his global motor racing empire.

Don't get jealous because you can have a house like Bernie's too. Just get a mortgage. Get your five per cent deposit together - £2.5million. Then all you owe is the £47.5million balance. That's around £160,000 a month. Easy.