Friday, June 16, 2023

Death of Berlusconi turns spotlight on to fortune he left behind

Silvio_Berlusconi_1996Silvio Berlusconi, Italy’s longest-serving Prime Minister, died at age 86. He had an estimated wealth of $7.4 billion, with investments in real estate, banking, media, and football. His main asset is Mediaset, Italy’s largest commercial broadcaster. 

Berlusconi has five children, Marina, Pier Silvio, Barbara, Eleonora, and Luigi. He left no public indication of who would take over his empire upon his death; however, it has been reported that he wanted to avoid any succession dispute that has plagued other wealthy Italian families. 

A source who spent time with Berlusconi just ten days before he died said that he “tied up his will” and that “everyone had been taken care of,” including his ex-wives.

For more information see Angela Giuffrida “Death of Berlusconi turns spotlight on to fortune he left behind” The Guardian, June 16, 2023.

Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2023/06/death-of-berlusconi-turns-spotlight-on-to-fortune-he-left-behind.html

Current Events, Estate Planning – Generally | Permalink

Comments

Post a comment