The holiday season is widely known as the season of giving, but recently, the people over at Business Insider compiled a list of people who are known more for their spending than their giving.
The list, titled "The Most Spoiled Kids in the World," included the offspring of some of the wealthiest people in the world. People like Paris and Nicky Hilton, Suri Cruise (daughter of Tom Cruise and Katie Holmes) and Emme Anthony (daughter of Jennifer Lopez and Marc Anthony) were all mentioned.
Atop the list though, were the daughters of Formula One boss Bernie Ecclestone, Petra and Tamara.
According to the article, the girls, who have access to Ecclestone's $4.8 billion-dollar trust, have been spending like crazy. Petra, who is 23, even bought an $85 million mansion in L.A. last year.
And apparently, the head F1 honcho isn't happy with his daughters' financial philosophies.
"The kids have had access to the money," Ecclestone told The Telegraph last year. "The idea was that they'd buy super-quality property, property that would be long term, for their kids and everything else. Didn't happen. They haven't done that."
Bernie Ecclestone had been known for running F1 with an iron fist, but apparently, at least when it comes to his daughters, anything goes.
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