TV, soccer and finance: Silvio Berlusconi’s many corporations

© Reuters. FILE PHOTO: Italy’s High Minister Silvio Berlusconi attends a news conference at Villa Madama in Rome, Italy, June 3, 2008. REUTERS/Dario Pignatelli/File Represent

ROME (Reuters) -Silvio Berlusconi, the veteran Italian top minister and billionaire media multi-millionaire who died on Monday on the age of 86, managed a various alternate empire thru the Fininvest family preserving and several associated corporations.

FININVEST

Berlusconi, who made his name by building a media empire in the Eighties and as proprietor of European soccer champions AC Milan, vulnerable Fininvest, a family preserving company with sources price 4.9 billion euros ($5.3 billion) on the pinnacle of 2021, to relieve watch over his interests.

Before his demise, Silvio owned 61.3% of Fininvest, whereas Pier Silvio and Marina Berlusconi, his two youngsters from his first marriage, every owned a 7.65% stake.

Barbara, Eleonora and Luigi Berlusconi, his other three youngsters, collectively owned 21.42% of Fininvest.

Marina Berlusconi has been chairwoman of Fininvest since 2005.

MEDIAFOREUROPE

Formerly recognized as Mediaset (OTC:), Italy’s top business broadcaster MediaForEurope (MFE) is managed by Fininvest, which owns a forty eight% stake. Its chief govt is Pier Silvio Berlusconi.

It operates free-to-air TV channels along with streaming services and products in Italy and Spain. It furthermore owns movie production and distribution company Medusa and holds a 40% stake in privately-held Italian broadcasting tower community EI Towers.

MFE had consolidated revenues of two.9 billion euros in 2021.

It is a ways the perfect largest investor in German TV community ProSiebenSat.1Media., with a 29.9% stake.

French media giant Vivendi (OTC:) holds some 23% of MFE, largely thru a belief dubbed Simon Fiduciaria.

MONDADORI

Fininvest owns Fifty three% of Italy’s main author, Mondadori, which dominates the home book market.

Marina Berlusconi has been Mondadori’s chairwoman since 2003. She furthermore sits on MFE’s board.

BANCA MEDIOLANUM

Fininvest owns a 30% stake in the 6 billion euro Italian asset manager Banca Mediolanum.

AC MONZA

After promoting AC Milan in 2017 in a 740 million euro deal, Fininvest purchased smaller soccer membership AC Monza the following 12 months. The crew received promotion to Italy’s Serie A league in 2022 for the significant time and ended their debut season in the center of the table.

($1 = 0.9281 euros)