The eldest daughter and son hold a controlling stake in the business kingdom. Former Italian Prime Minister Berlusconi's will is exposed: 5 people inherit a huge estate as witnesses | Italy | Legacy
The will of the late former Italian Prime Minister Silvio Berlusconi was announced by Italian media on the 6th. Berlusconi's huge estate is inherited by five children, partners, brothers, friends, and others.
The will was read out in front of Berlusconi's five children and other witnesses on the 4th. According to the will, Berlusconi's eldest daughter and son, Marina Berlusconi and Pier Silvio Berlusconi, whom he gave birth to in his first marriage, will share 53% of the shares in the Finingvist Group founded by Berlusconi.
According to Reuters, 56 year old Marina and 54 year old Pierre had previously held important positions in their father's company. The former was the president of Finingvist Group, while the latter was in charge of a media company founded by Berlusconi. Berlusconi's three children born in his second marriage have less involvement in family businesses.
According to the Associated Press on the 6th, Berlusconi's total assets are about 5 billion euros, including the Finingvist Group with a market value of 2.8 billion euros, real estate with a market value of about 700 million euros, as well as stocks, art collections, and cash.
60% of Berlusconi's non commercial assets are inherited by Marina and Pierre, while the remaining 40% are inherited by their three half brothers and sisters.
Berlusconi left behind 100 million euros each for his 33 year old girlfriend Marta Fascina and 73 year old brother Paul, as well as 30 million euros for his long-term business partner and college friend Marcelo Del Utri.
Berlusconi passed away on June 12th at a hospital in the northern city of Milan at the age of 86. He served as the Prime Minister of Italy in 1994, 2001, and 2008, and resigned in 2011, making him the longest serving Prime Minister in Italy since World War II. The Italian Power Party he founded is a member of the current ruling coalition. Berlusconi also built a huge commercial empire and was once Italy's richest man.
Berlusconi is quite controversial in Italy, with multiple lawsuits over the past few decades. The Italian Supreme Court finally found Berlusconi guilty of tax fraud in 2013, but considering his advanced age, he was not sent to prison to serve his sentence and instead went to community labor.