Death of Silvio Berlusconi: Who will take over the formation of the Italian prime minister’s business empire?

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The future of his business will likely depend on how he chooses to distribute his 61% stake in the family holding company Fininvest among his five children from two marriages. Berlusconi during a surprise video appearance after being hospitalized in May Luca Bruno/AP Four-time Italian prime minister and billionaire media mogul Silvio Berlusconi, who died on Monday aged 86, never publicly indicated who should lead his business empire after your death. His business future will likely depend on how he chooses to distribute his 61% stake in the family holding company Fininvest among his five children from two marriages. His eldest daughter Marina is expected to play a prominent role. The heirs The eldest, Marina (born August 1966) and Pier Silvio (April 1969) have been directly involved in running Berlusconi’s companies since their father entered Italian politics in the early 1990s. Fininvest, oversees the Mondadori publishing house, while Pier Silvio is in charge of the TV business, which has long been the jewel in the family’s crown. Three minor children Bárbara (July 1984), Eleonora (May 1986) and Luigi (September 1988), the children Berlusconi had with his second wife, did not hold senior executive positions in the management of their father’s businesses. Luigi has taken on the role of representing his side of the family at Fininvest, where he is an advisor, focusing on finance and wealth management. The Children’s Bonding People close to the family described Silvio Berlusconi as “a glue” that held his children together despite their age range and different attitudes and ambitions. The big question is whether the family unit can be maintained after Berlusconi’s departure, and what impact that might have on the future of the TV business on which Berlusconi built his fortune. Berlusconi investments In recent years, Fininvest has liquidated assets it no longer considered strategic, from European football champion AC Milan to stakes in biotechnology company Molmed and Italian commercial bank Mediobanca The family holding company has confirmed its commitment to its TV business MediaforEurope , supporting growth plans in Europe to resist US streaming giants through mergers and acquisitions deals. But it remains to be seen whether this ambition will be maintained after the founder’s death.

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