Bernard (Bernie) Charles Ecclestone is a British business magnate. He is the former chief executive of the Formula One GroupThe Formula One Group is a subsidiary of Liberty Media and it owns the commercial rights for the promotion of... There's more..., which manages Formula OneFormula One is the pinnacle of open wheel, single seater car racing and arguably the highest level of any motorsport... There's more... motor racing and controls the commercial rights to the sport.
Bernie Ecclestone became a billionaire, not by inventing something or creating something. He took a sport that already existed and developed it into the worlds second most successful sport.