1 – Tamara and Petra Ecclestone
Tamara and Petra are the daughters of Formula One racing honcho Bernie Ecclestone. The daughters are known for spending an outlandish amount of money, but you can blame that on Bernie. He has given them access to their $4.8 billion-dollar trust fund! The daughters have all the say on how they use the money, but Bernie was hoping they would be smart with it. That has not happened and they spend money on handbags and Petra bought an $85 million mansion in L.A.