None of the five children of former president and businessman Silvio Berlusconi, who died on June 12, will be able to control Fininvest, the family holding company, alone, according to a company note issued today after reading the magnate’s will, although Marina and Pier Silvio Berlusconi have 53 percent of the shares according to the distribution expressed in the last wills that the Italian agency ANSA announced today.
“Marina Berlusconi, Chairman of the Board of Directors, and Pier Silvio Berlusconi, Barbara Berlusconi and Luigi Berlusconi, directors, after having been read to them the will of their father Silvio Berlusconi, report that it follows that no party will indirectly hold sole control of Fininvest SpA , which was previously exercised by the father himself,” says the statement, which does not mention the fifth daughter of the tycoon, Eleonora, who no longer had any role in society.
“The notary who read the will will fulfill the legal requirements in the next few hours,” the note concluded after the will of Berlusconi, who died at 86 and one of the richest men in Italy, was opened before two witnesses in Milan and be read before his five children and heirs. The Italian agency ANSA, which assured that it has viewed the will, reported that after the distribution of the share of shares held by Berlusconi, 61.21%, “the two eldest sons together reach 53% of the group with equal shares” .
According to ANSA, Berlusconi would have also left a legacy of 100 million to his sentimental partner in recent years, Marta Fascina, 33, a member of his party, Forza Italia, with whom he even celebrated a kind of wedding, although without legal validity.
He also left another 100 million to his brother Paolo and 30 million to Marcello Dell’Utri, who was for years his right-hand man and co-founder of Forza Italia and who in 2014 was sentenced to 7 years in prison, of which he served four in prison and one under house arrest, for being recognized as a mediator with Cosa Nostra, the Sicilian mafia.
In the will, according to the Italian agency, Berlusconi wrote a message to his children: “Thank you, so much love to all. Your father” and another in which he advanced the legacy to Fascina and Dell’Utri: “For how much I loved them and for how much they loved me.”
Marina and Pier Silvio are the children of his first marriage to Carla Dall’Oglio and the only ones who have executive positions in his emporium, since the eldest daughter chairs Fininvest, the family holding company, and her brother controls Media For Europe (MFE), the former Mediaset (BME:TL5). The other three children, Barbara, Eleonora and Luigi, are the result of his marriage to the actress Veronia Lario.
Throughout his life, the conservative politician, three times prime minister, amassed a fortune estimated at more than 6,000 million euros between companies and properties of all kinds, from paintings, villas, boats, jewelry or helicopters, and whose distribution does not has been known.
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