Spoiler Alert: This story contains spoilers about the end of HBO’s White Lotus season 2
06.07.2023 - 15:45 / deadline.com
Silvio Berlusconi has left the keys to his business kingdom to his eldest two children, Marina and Pier Silvio, his will has revealed.
The children are both key executives in the Berlusconi media empire, with Maria Berlusconi the Chairman of family investment vehicle Fininvest and Pier Silvio Berlusconi the CEO of MediaForEurope (MFE), the European broadcasting business that his father founded decades ago.
Together, they will control about 53% of the Fininvest family business. Each will take an equal stake.
Controversial four-time former Italian Prime Minister Silvio Berlusconi passed away on June 12 in Milan, having been in bad health for some time. Following his passing, focus turned to his state funeral and who would take over his sprawling business empire. It is estimated Berlusconi’s assets are worth nearly $7B.
His will was made public today, revealing the business succession plan. According to its terms, Marina and Pier Silvio take about 60% of the assets, with his three younger children taking the other 40%. According to Reuters, Italian law dictates two-thirds of a deceased person’s assets go to their heirs and the other third however they want.
The will also revealed Berlusconi left nearly $110M to his partner, Marta Fascia, and younger brother Paolo Berlusconi. He also left €30M ($32,6M) to Marcello Dell’Utri, a business associate, political ally and close friend who was convicted of mafia collusion in 2014.
Fininvest has today released a statement on behalf of its directors, who include several members of the Berlusconi family, that cites the will. “No shareholder will exercise overall individual indirect control of Fininvest SpA, previously exercised by their father himself,” the statement read.
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Spoiler Alert: This story contains spoilers about the end of HBO’s White Lotus season 2
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Nick Vivarelli International Correspondent Those who were hoping for “Succession”-style infighting following Silvio Berlusconi’s death may be disappointed. The will of Italy’s media-mogul and former prime minister – who died on June 12 at age 86 – was partly made public on Thursday. What emerged is that his eldest children, Marina and Pier Silvio, will together continue to control his business empire estimated to be worth around $6.8 billion, according to Forbes. But, according to a statement issued by his five chilren, “No shareholder will exercise overall individual indirect control of Fininvest SpA previously exercised by their father.” Fininvest is the Berlusconi family holding company.
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