Formula 1 supremo Bernie Ecclestone has made billions out of the sport, but now faces the greatest test of his life off the racing circuit after his indictment this week over bribery allegations, reports Kyran FitzGerald

Many of the world’s richest people saw their fortunes shrink again during the last year, but US chat show queen Oprah Winfrey’s grew enough to put her on Forbes magazine’s list of billionaires – the first black woman to join the ranks.

Formula One is to be sold by its German owner, according to reports.