Bernie Ecclestone and wife Fabiana Flosi via Getty Images

Formula 1 boss Bernie Ecclestone’s mother-in-law has reportedly been kidnapped in Brazil and held for a ransom demand of roughly $36.5 million, according to Brazilian magazine Veja.

According to the report, Aparecida Schunck, the mother of Eccelstone’s third wife Fabiana Flosi, was kidnapped in the Interlagos neighborhood of Sao Paulo on Friday.

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The kidnappers are reportedly demanding a ransom amount of 120 million Brazilian reals, which is roughly equal to 36.5 million dollars, which is claimed to be the highest ransom amount for a kidnapping in Brazil’s history.

Back in 2012, a dental technician was found guilty of threatening to kidnap Bernie Ecclestone’s daughter and was sentenced to five years in prison.

The Forumla 1 boss’s net worth is in the billions of dollars.

We’ll update as we have more information.

Via The Daily Telegraph