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- Dubai 04:25 05:43 12:19 15:46 18:50 20:09
Ecclestone, 85, met Ms Shunck's daughter Fabiana, 38, in 2009 in the run-up to the Brazilian Grande Prix in Interlagos, where she was working as marketing director for Brazil's F1. (Getty Images)
The mother-in-law of Formula One chief Bernie Ecclestone has been kidnapped in Sao Paulo and criminals are demanding 120 million reais ($49 million) in ransom, according to reports in a leading Brazilian news magazine.
Aparecida Schunck, the mother of Ecclestone's wife, Fabiana Flosi, was seized in the Brazilian city on Friday night, Globo, Veja and other news organisations reported.
Aparecida Schunk , 67, the mother of Ecclestone's Brazilian wife Fabiana Flosi. (Instagram)
It did not give more details, and local police could not be reached to confirm the reports.
Ecclestone, who Forbes magazine estimates is worth $US3.1 billion ($4.15 billion) - along with his family - and one of the most powerful men in sport, married Flosi in 2012, three years after meeting her at the Brazilian Grand Prix.
(Getty Images)
Ecclestone, who is now 85, divorced his then wife of 25 years, Croatian model Slavica Radic, in order to marry the young Brazilian. The couple now live in England.
Kidnapping was common in Brazil a decade ago with several people seized each day, often for sums of just a few hundred dollars.
(Instagram)
A crackdown by police, including the formation of a special anti-kidnap division, reduced the number considerably.
Brazil is currently in the midst of its worst economic crisis in decades.
Flosi and her mother Aparecida Schunk pose alongside Red Bull Team Principle Christian Horner at the Brazilian Grand Prix in 2014. (Instagram)
News of the kidnap comes a day after New Zealander Jason Lee said he'd been kidnapped by men in police uniforms and forced to hand over money withdrawn from ATMs in Brazil's Olympic host city Rio de Janeiro.
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