Berlusconi’s death leaves €6bn empire, Forza Italia’s future uncertain
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 level of tribute, usually reserved for popes, war heroes, and serving ministers, demonstrates the impact of Berlusconi’s life on Italy. The media mogul and political leader leaves behind a vast empire and a powerful political party, raising questions about the future of his assets and the Forza Italia party.
Born in Milan, Berlusconi built his fortune through media, real estate, finance, cinema, and sport. Forbes estimates his business assets to be worth around €6bn (US$6.9bn). With no clear successor, the distribution of his 61% stake in his holding company, Fininvest, remains uncertain. His five children, all of whom have stakes in the company, may face challenges in dividing his numerous luxurious properties fairly.
Berlusconi’s death also raises concerns for the future of his political party, Forza Italia. With its share of the vote slipping to 8% in last September’s general election, the party’s survival may depend on the financial support of Berlusconi’s children, particularly the eldest, Marina. Speculation surrounds her potential leadership role, as well as the future involvement of Berlusconi’s partner, Marta Fascina, an MP in his party.
The potential fracturing of Forza Italia could pose significant problems for Prime Minister Giorgia Meloni’s coalition government, leading to political instability. As Berlusconi’s children are forced to step out of the shadows, the world will watch to see if they can maintain their father’s empire and political legacy.
