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The pair worked together on the Brazilian Grand Prix, where Fabiana is F1’s vice-president of marketing.

His daughters, Tamara and Petra, are famous for spending his fortune on fast cars, mansions and designer clothing, but their father says they should have got the red light."I don't think they should have bought handbags and shoes but anyway, they are in the fortunate position of being able to," the tycoon told The Independent over lunch in the café above the Armani store in London's Knightsbridge.

Petra and her husband James Stunt, an art dealer, enjoyed a three-day ceremony which included live performances from the Black Eyed Peas and Eric Clapton.

The event was initially believed to cost around £1.3m but the sum of £12m, was made aware to Bernie after the wedding took place.

Set in manicured grounds, the traditional four-storey chalet has been owned by the Ecclestones for more than 15 years and is one of the most prestigious properties in the area, boasting uninterrupted views over the Bernese Oberland.

Earlier this week, neighbours at the property, who include Italian fashion designer Valentino and film director Roman Polanski, said they knew nothing of the wedding at the chalet, which also boasts an indoor swimming pool and vast entertaining salon.

Mr Ecclestone is currently on trial in Munich, where he is accused of paying a £25m bribe to a German banker. Slavica, who at 55 is 28 years Mr Ecclestone’s junior, famously towered over the diminutive F1 boss, the couple standing out at high society parties and on the F1 circuit.

The indictment states; “Since his divorce from his wife, the accused [Mr Ecclestone] has received payments on the basis of the British decree nisi. The duration of the payments from the divorce decree is not known.” Mr Ecclestone, 83, was married to Slavica, his second wife, for 24 years until their divorce in 2009 on the grounds of his 'unreasonable behaviour’. At 6ft 2in tall, Slavica, a former model born in Croatia, is almost a full foot taller than her former partner.

But when they divorced five years ago - her announcement that she was separating came completely out of the blue - it had widely been assumed that she was in receipt of the biggest divorce settlement in history.

Reports suggested that she had been given more than a billion dollars from her ex in a deal agreed behind closed doors.

At the time he commented: "My younger daughter got married and I thought, as the father of the bride, I should pay for the wedding," before later branding the extravagant ceremony "absurd." Fabiana, who is Bernie’s third wife, was seen wearing a £100,000 engagement ring for the first time in April, when the pair announced their engagement.

Self-made billionaire Bernie, 81, met Fabiana, who is 46 years his junior, in 2009.