Socialite daughters of the billionaire Formula 1 chief Bernie Ecclestone, Tamara Ecclestone and Petra Ecclestone live extravagantly and have no qualms of showing their wealth to the world, which is just appropriate for a family with an estimated worth of £3 billion.

Tamara must be a home loving girl with her £70-million worth, 57-room house standing on the most expensive street in London, Kensington Palace Gardens, where she lives across the Duke and Duchess of Cambridge. Armed guards are highly visible in the neighbourhood as they protect the embassies and high-profile residents in the area.

The 30-year-old daughter of Bernie Ecclestone lives in the mansion with Jay Rutland her husband and Sophia their five-month old daughter. The four-storey house was built in the early 1900s and its value doubled since Tamara did a renovation project two years ago with the LA-based designer Gavin Brodin.

On the other side of the Ecclestone's wealth, Petra put up her Hollywood mansion known as 'The Manor' for sale for £88 million.

According to the Daily Mail, the 25-year-old placed her 56,000 square feet mansion, described by the estate agent as a "masterful opulence once only reserved for nobility" on the market after buying it in 2011 for £50 million.

The new owners can expect only the best from the 123-room mansion after the £15 million renovation, which was overseen by Petra.

The house, which is claimed to rival the White House in size is located in the Westside area of Holmby Hills in Los Angeles, with 27 bathrooms, 14 bedrooms, his and hers walk-in closets, bowling alley, hair salon with manicure and pedicure station and gift wrapping rooms.

In a nutshell it pays to have a billionaire dad who runs one of the most exciting sports on the planet, Formula 1. Bernie Ecclestone is a former car salesman who worked his way up to be the CEO of both Formula One Administration and Formula One Management.

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