A historical chapter in the political and not only life of Italy has closed with death of Silvio Berlusconi and all eyes are on the potential heirs of the unimaginable property their.
The “Cavalier” who passed away at the age of 86, he had five children from two different marriageswhile only two of them have been intensively involved in his business for three decades.
Specifically, his eldest daughter Marina (born in August 1966) and o Pierre Silvio (April 1969) have been directly involved in the management of Berlusconi’s companies since their father entered Italian politics in the early 1990s.
Marina, who chairs Fininvest, oversees Mondadori, while Pier Silvio was in charge of the television business, which has long been the jewel in the family’s crown.
However, the Barbara (July 1984), p Eleonora (May 1986) and o Luigi (September 1988), the children he had from his second marriage did not have such important executive roles in business management.
Characteristically, Luigi took on the task of representing his family at Fininvest, where he is a board member, in finance and management.
The future of Fininvest
Berlusconi’s most important business was the Fininvest and according to the agency Reuters the future of his business interests will probably depend upon it how the 61% share will be distributed.
Also, the big question is whether family unity can be maintained after Berlusconi’s death and what impact this might have on the future of his companies.
In recent years Fininvest has divested assets it deemed no longer strategic, from European soccer champions AC Milan to stakes in biotech firm Molmed and Italian commercial bank Mediobanca ( MDBI.MI )
The family-owned holding company has reaffirmed its commitment to its MediaforEurope ( MFEB.MI ) TV business, backing growth plans in Europe to take on U.S. streaming giants through M&A deals. But it remains to be seen whether this ambition will be maintained after the death of the founder.
Source: News Beast
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