Berlusconi leaves control of family business to two eldest children

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Marina and Pier Silvio Berlusconi will hold equal stakes jointly worth around 53% in the Fininvest family holding company, source says

Silvio Berlusconi’s eldest children Marina and Pier Silvio will jointly share majority control of the business empire he founded, a source familiar with the matter said on Thursday, after the former prime minister’s will was unsealed.

Berlusconi’s five children earlier said in a statement that “no shareholder will exercise overall individual indirect control of Fininvest SpA, previously exercised by their father”. The shares had risen on speculation the family could sell its stake, but MFE CEO Pier Silvio Berlusconi said this week that a sale had never been discussed and the company would stick to its European growth plans.

Berlusconi left 100 million euros each to Marta Fascina, his partner at the time of his death, and his younger brother Paolo, according to the copy of the will. The will was in an unsealed envelope and dated Jan. 19. 2022, coinciding with one of the occasions when Berlusconi was admitted to Milan’s San Raffaele hospital for treatment.

 

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