The passing of former Italian Prime Minister Silvio Berlusconi has left the nation in mourning, with a state funeral being held in Milan’s grand cathedral. This degree of tribute, normally reserved for popes, war heroes, and serving ministers, demonstrates the influence of Berlusconi’s life on Italy. The media mogul and political leader leaves behind an unlimited empire and a strong political party, raising questions about the future of his property and the Forza Italia party.
Born in Milan, Berlusconi constructed his fortune by way of media, actual property, finance, cinema, and sport. Forbes estimates his enterprise assets to be price around €6bn (US$6.9bn). With no clear successor, the distribution of his 61% stake in his holding company, Fininvest, remains uncertain. His 5 children, all of whom have stakes within the firm, may face challenges in dividing his numerous luxurious properties fairly.
Berlusconi’s demise also raises issues for the future of his political celebration, Forza Italia. With its share of the vote slipping to 8% in final September’s common election, the party’s survival might depend upon the monetary assist of Berlusconi’s children, particularly the eldest, Marina. Secure , as nicely as the longer term involvement of Berlusconi’s partner, Marta Fascina, an MP in his get together..