His death shakes his empire and leaves his political legacy an orphan

The death of Silvio Berlusconi shakes his economic empire, which will have to be shared by his five children, but also his party Forza Italia, which is the orphan of its supreme leader and has no clear successor.

Despite his age, Berlusconi held the reins of the party he founded in 1993 while all possible successors disappeared over the years, unable to match the businessman’s charisma. For this reason, Forza Italia is now in a moment of emptiness where it will be fight between hawksthe more combative ones like Alessandro Cattane and Licia Ronzulli, the latter very close to Berlusconi, and moderates as Minister of Foreign Affairs Antonio Tajani.

If under Berlusconi the party achieved one of the worst results in its history in the last general election, about 8%, now he will need a real leader and new proposals to try to fix the formation and there are already talks about organization of the congresswhich has not been marked as such since 1998.

After the election, analysts assured that this 8%, already considered a miracle, was the result almost exclusively of the return to active politics of the former president, who thus achieved 63 senators and deputies, not to mention five ministers that managed to include in the Executive and that they owe everything to Berlusconi and his negotiations with Prime Minister Giorgio Meloni.

according to the newspaper La RepubblicaForza Italia has debts of approx 90 million, covered by two personal guarantees Berlusconi, who will now have to be guaranteed by the heirs.

fininvest

But above all, the death of one of the richest people in the country will be an earthquake for Fininvest, with a turnover of 5,000 million and more than 20,000 employees, divided into seven property, four of which are in the hands of Il Cavaliere, who represents 60% of the empire and which will now have to be shared by his five children. However, the empire rose this Monday in the Milan Stock Exchange.

Currently, the two children from his first marriage, Marina and Pier Silvio, hold 8% each, and those from the second marriage, Bárbara, Luigi and Eleonora, add up to 22%.

In addition, Berlusconi’s assets were valued according to Forbes at 7,000 million euros. Much of the real estate assets, including the most famous residences such as Arcore or Villa Grande, is owned by Berlusconi’s wholly owned company Dolcedrago.

His media company Mediaset, now called MediaforEurope, is responding to the decline determined in recent years by competition from on-demand platforms: in 2021 it recorded a consolidated net income of 2,914 million, 11% more than in 2020, with a net profit of 374 million, 169 % more than the previous year and almost double the figure before covid 2019.

In particular, advertising sales in Italy increased compared to 2020 (+14.4%) and 2019, compared to which it recorded a growth of 2.4%.

But the senior management of the group, its director of administration Pier Silvio Berlusconi and the president of Fedele Confalonieri decided, in order to consolidate the accounts, to sell the historical newspaper as daily although Silvio was against it.

In the publishing house Mondadori is the presidency Marino Berlusconi. It is the largest publisher of books and magazines in Italy and the third operator of consumer magazines in France; it also has the most extensive network of bookstores in the country. While the Mediolanum Group, under the control of Fininvest and Doris Group, is the leader of the Italian financial market with 1,129,000 clients, 70.7 billion euros managed and managed, 2,171 employees.

So far, Luigi and Barbara and Eleonora they do not perform any operational role in the group, but act as shareholders of Fininvest and sit on the board of directors. In the past, Barbara was named after milan plate vice president and chief executive officer with responsibility for non-sports social functions, but that experience ended in 2017, after sale of the club to Chinese businessman Yonghong Li and then to the Elliott investment fund.