The duo have been married for 23 years, but on Thursday a statement from Slavica confirmed reports that she is divorcing the Formula One supremo.
A spokeswoman for the 50-year-old said the announcement had been prompted by media speculation about the Ecclestones' personal life.
The former model, who will be represented by Liz Vernon, one of Britain's most highly-rated divorce lawyers, could be in line for a significant portion of her husband's fortune. Bernie is believed to be worth in excess of US$4billion.
Simon Bethel, a family law specialist, told the BBC: "Given Mr and Mrs Ecclestone were reputed to be worth US$4billion in the 2008 Rich List, this case may see the highest award to a wife in legal history."
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