MFE has a stake of nearly 30% in German heavyweight ProSiebenSat.1 alongside having TV broadcasting, production, podcasting and publishing assets. A period of pan-European consolidation and restructure, led by the younger Berlusconi, with the conglomerate renamed MFE this year as it merged with Spanish subsidiary Mediaset Espana. “No shareholder will exercise overall individual indirect control of Fininvest SpA, previously exercised by their father himself,” the statement read.īerlusconi Senior had gradually stepped back from the day-to-day running of Mediaset over the past few decades and Pier Silvio, was named CEO of MFE (then Mediaset) in 2015. He also left €30M ($32,6M) to Marcello Dell’Utri, a business associate, political ally and close friend who was convicted of mafia collusion in 2014.įininvest has today released a statement on behalf of its directors, who include several members of the Berlusconi family, that cites the will. The will also revealed Berlusconi left nearly $110M to his partner, Marta Fascia, and younger brother Paolo Berlusconi. According to Reuters, Italian law dictates two-thirds of a deceased person’s assets go to their heirs and the other third however they want. According to its terms, Marina and Pier Silvio take about 60% of the assets, with his three younger children taking the other 40%. His will was made public today, revealing the business succession plan. It is estimated Berlusconi’s assets are worth nearly $7B.

Following his passing, focus turned to his state funeral and who would take over his sprawling business empire.

Each will take an equal stake.Ĭontroversial four-time former Italian Prime Minister Silvio Berlusconi passed away on June 12 in Milan, having been in bad health for some time. Together, they will control about 53% of the Fininvest family business. Silvio Berlusconi Dies: Media Mogul & Former Italian Prime Minister Was 86 How Silvio Berlusconi Reshaped The Italian Media Landscape & What Comes Next International Insider: WGA Strike Goes Global Rough Ride For Brit Broadcasters Off To Seriencamp The children are both key executives in the Berlusconi media empire, with Maria Berlusconi the Chairman of family investment vehicle Fininvest and Pier Silvio Berlusconi the CEO of MediaForEurope (MFE), the European broadcasting business that his father founded decades ago. Silvio Berlusconi has left the keys to his business kingdom to his eldest two children, Marina and Pier Silvio, his will has revealed.

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