Silvio Berlusconi has left management of his media empire to his two eldest youngsters
ByCOLLEEN BARRY Related Press
FILE – Former Italian premier Silvio Berlusconi waves as he arrives for the Italian State RAI TV program “Che Tempo che Fa”, in Milan, Italy, on Nov. 26, 2017. Berlusconi, the boastful billionaire media mogul who was Italy’s longest-serving premier regardless of scandals over his sex-fueled events and allegations of corruption, died, in response to Italian media. He was 86. (AP Photograph/Antonio Calanni, File)
The Related Press
MILAN — MILAN (AP) — Silvio Berlusconi left management of his media empire to his two eldest youngsters, in response to particulars of his will reported Thursday by Italian media, whereas bequeathing 100 million euros ($109 million) of his estimated 5 billion-euro ($5.4 billion) fortune every to his companion and his brother.
The Fininvest holding firm that controls the Mediaset tv community, Mondadori publishing home and different belongings confirmed in a press release that “no shareholder will train general particular person direct management of Fininvest SpA,” as Berlusconi himself had.
The three-time former Italian premier and media mogul died June 12 on the age of 86 after being hospitalized for remedy of power leukemia. His will was learn out within the presence of his 5 youngsters and different witnesses on Tuesday.
With the shares inherited from their father, Marina and Pier Silvio Berlusconi management 53% of Fininvest.
Berlusconi’s fortune was estimated at 5 billion euros ($5.4 billion), together with publicly traded Fininvest, which is valued at 2.8 billion euros (greater than $3 billion), actual property holdings price round 700 million euros ($760 million), shares, artworks and money, in response to the information company ANSA.
Berlusconi additionally left 60% of his nonbusiness wealth to Marina and Pier Silvio, his two oldest youngsters from his first marriage, whereas the youngest three youngsters from a second marriage, Barbara, Eleonora and Luigi, cut up the remaining 40%.
The twice-divorced Berlusconi additionally left 100 million euros ($109 million) to his 33-year-old companion, Marta Fascia, and an equal sum to his brother Paolo. He additionally left 30 million euros ($32.6 million) to considered one of his oldest buddies and a former senator from his celebration, Marcello Dell’Utri, who had been convicted of Mafia affiliation. The court docket stated he had acted as a mediator between Berlusconi and a high crime boss, in prices relationship to a interval earlier than Berlusconi took workplace.
In keeping with a duplicate of the desire printed by Italian media retailers, Berlusconi determined in 2006 how his enterprise holdings can be divided. He added the bequeathal to his brother in 2020, and people to Fascia and Dell’Ultri in January, when he was hospitalized for exams.