Silvio Berlusconi, former Italian prime minister, passed away at age 86. He passed away at the San Raffaele hospital in Milan, where he had been treated for a lung infection related to chronic myelomonocytic leukemia for six weeks in the spring before being readmitted.

The media mogul, whose Forza Italia party is a junior partner in Italy’s ruling coalition and who served as prime minister for three governments between 1994 and 2011, had been previously diagnosed with leukemia.

Berlusconi made a return in 2017 despite a career marred by sex scandals, accusations of corruption, and a tax fraud conviction.

Silvio Berlusconi net worth:

Berlusconi was named Italy’s sixth-richest man by Forbes in 2012. He had a net worth of $5.9 billion at the time, and his fortune rose during the last decade of his life.

Silvio Berlusconi’s net worth at the time of his death was $6.8 billion, as per Marca.

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Who will inherit former Italian Prime Minister’s business, wealth?

He never made it known in the public who would run his vast economic empire once he passed away.

The distribution of his 61% ownership position in the family holding company Fininvest among his five offspring from two marriages will probably determine how his commercial interests will develop in the future. His oldest daughter Marina is anticipated to have a significant part.

The two eldest, Marina (born in August 1966) and Pier Silvio (born in April 1969), have both had a direct hand in managing the businesses owned by their father since shortly after he entered Italian politics in the early 1990s.

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Pier Silvio has been in control of the TV business, which has long been the family’s crowning achievement, while Marina, who chairs Fininvest, has been in charge of publisher Mondadori.

Barbara (July 1984), Eleonora (May 1986), and Luigi (September 1988), Berlusconi’s children with his second wife, have not held high-profile senior positions in their father’s enterprises.

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Luigi acquired the role of representing his family at Fininvest, where he is a board member, due to his background in finance and wealth management.