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Formula One supremo, Bernie Ecclestone, will be tying the knot for the third time in his life. The new lady in his life is 34 year-old Brazilian beauty, Fabiana Flossi, whom he met when she was working as a marketer for the Brazilian Grand Prix. After divorcing his second wife, former Croatian model Salvica, Ecclestone said he wanted to remain single for the rest of his life. When love strikes, it is hard to resist sometimes. The couple has been living together for quite a while now, around about the same time Bernie got mugged in London in Nov 2010. Ecclestone said, "We are officially engaged and it is not going to be a long engagement either." Ecclestone told the Daily Mail, "We have been together for two years and what makes it work is that Fabiana has a really good sense of humour, and when you live with me you need to have a sense of humour," he explained. At five foot ten, Fabiana is shorter than Slavica, but still considerably taller than her fiancee. The humorous Eccelstone joked by saying that he did not need to go down on one knee! Now, who says that short men have a shortage of love luck. Fabiana's diamond engagement ring is thought to have cost about US$160,000 (S$197,721). The 81 year-old Ecclestone has three daughters, Deborah, Tamara and Petra from his first and second marriage.