Mark Mateschitz is the 32-year-old son of Dietrich Mateschitz, who is the founder of Red Bull and owner of the eponymous Formula One team. When Ecclestone put his collection up for sale, Mark decided to strike. He allegedly paid around $646 million (approximately £500 million) for all of the cars, according to the UK’s The Daily Mail.

Former F1 ringmaster Bernie Ecclestone has sold his entire collection of historic racing cars to Mark Mateschitz, son of the late Austrian Red Bull billionaire Dietrich.