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Berlusconi left the children a multi-billion dollar fortune
4 hours ago
Former Italian Prime Minister Silvio Berlusconi, who died on June 12 at the age of 86, bequeathed most of his fortune to his eldest children Marina and Pier Silvio. They increased their stake in Fininvest, which was their father’s main asset, to 53%. Three more children from the second marriage got 47%. In total, Forbes estimates Berlusconi’s fortune at 6.4 billion euros.
Immediately after the death of the former prime minister and one of Italy’s richest men, the media began to speculate about how his legacy would be divided.
It was assumed that Berlusconi could divide everything equally between the five children from two marriages, but he decided otherwise and left a large share to the two eldest children from his first wife, Carla Elvira Dell’Oglio. Marina and Pier Silvio Berlusconi, who have been active in the management of the family business since the early 1990s and already owned shares in Fininvest, now have a majority stake.
Three children from the second marriage also got an impressive fortune – Barbara, Eleanor and Luigi became the owners of 47% of Fininvest shares.
“Thank you, with great love, your dad,” Berlusconi’s will, which was signed on January 19, 2022, after the first hospitalization this year at the San Raffaele clinic in Milan, is quoted by ANSA.
Berlusconi did not forget about his girlfriend Marta Fashina, with whom he spent the last years, and his faithful secretary and adviser Marcello Del Utri.
“For the love that I felt for them and the love that they gave me,” he wrote in his will and ordered to allocate 100 million euros to Fascine, and 30 million to Del Utri. Berlusconi’s brother Paolo inherited 100 million euros.
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Marina Berlusconi has led the family business since 2005
Family business
The value of the holding company Fininvest SpA, in which Silvio Berlusconi himself controlled 61.21%, according to some estimates, is 4.55 billion euros.
It includes many other companies, including MediaForEurope (formerly Mediaset Group), led by Pier Silvio, the Mondadori publishing house, led by Marina Berlusconi, and the Mediolanum bank.
Marina Berlusconi has also served as President of Fininvest since 2005, and in June the shareholders confirmed her authority.
Shares of MediaForEurope after the news of the death of Silvio Berlusconi jumped in price on the Milan stock exchange on a wave of rumors about a possible sale or merger of the group, but the company’s management quickly put an end to them, saying that no major changes were planned.
“We in the family never talked about selling Mediaset,” said Pier Silvio Berlusconi
image copyrightReuters
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Pier Silvio Berlusconi controls Berlusconi’s media empire
An extensive legacy
If everything is more or less clear with the main family asset, then the question of dividing the rest of the property remains open. For example, how to equally divide the numerous luxurious villas and the works of art that are stored there?
What is worth one only an old villa of the beginning of the XVIII century in Arcore near Milan with an estate of 73 hectares, a stable, an indoor pool, a heliport and a football field, which became famous thanks to the “bunga bunga” parties.
Berlusconi bought this villa back in the early 1970s and spent most of his life there. It was reported that in one of the wills written long before his death, Silvio Berlusconi ordered that the heirs not sell the villa.
In addition, the politician and businessman owned the Grazioli Palace in Rome, villas in Cannes, Antigua and Bermuda, as well as the Certosa Villa on the island of Sardinia – it was there that Berlusconi, when he was prime minister, received many world leaders, including Vladimir Putin.
In the summer of 2002, at the invitation of Berlusconi, both daughters of the Russian president rested there.
2023-07-06 16:53:38
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