Berlusconi’s Will Hands Control of Broadcasting Empire to Two Eldest Children, Divides $5.4 Billion Fortune

The will of the three-time former Italian premier and press mogul is read out in the presence of his five children and other witnesses.

AP/Alessandra Tarantino, file
Prime Minister Berlusconi at Rome, February 9, 2021. AP/Alessandra Tarantino, file

MILAN — Silvio Berlusconi left control of his broadcasting empire to his two eldest children, according to details of his will reported Thursday by Italian press, while bequeathing $109 million of his estimated $5.4 billion fortune each to his companion and his brother.

The Fininvest holding company that controls the Mediaset television network, Mondadori publishing house and other assets confirmed in a statement that “no shareholder will exercise overall individual direct control of Fininvest SpA,” as Berlusconi himself had.

The three-time former Italian premier and press mogul died June 12 at the age of 86 after being hospitalized for treatment of chronic leukemia. His will was read out in the presence of his five children and other witnesses on Tuesday.

With the shares inherited from their father, Marina and Pier Silvio Berlusconi control 53 percent of Fininvest.

Berlusconi’s fortune was estimated at $5.4 billion, including publicly traded Fininvest, which is valued at more than $3 billion, real estate holdings worth around $760 million, stocks, artworks, and cash, according to the news agency ANSA.

Berlusconi also left 60 percent of his nonbusiness wealth to his two oldest children from his first marriage, Marina and Pier Silvio, while the youngest three children from a second marriage, Barbara, Eleonora and Luigi, split the remaining 40 percent.

The twice-divorced Berlusconi also left $109 million to his 33-year-old companion, Marta Fascia, and an equal sum to his brother Paolo. He also left $32.6 million to one of his oldest friends and a former senator from his party, Marcello Dell’Utri, who had been convicted of organized crime association.

The court said he had acted as a mediator between Berlusconi and a top crime boss, in charges dating to a period before Berlusconi took office.

According to a copy of the will published by Italian press outlets, Berlusconi decided in 2006 how his business holdings would be divided.

He added the bequeathal to his brother in 2020, and those to Ms. Fascia and Dell’Ultri in January, when he was hospitalized for tests.

Associated Press


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