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Under Italian law, the deceased’s heirs have a right to inherit two-thirds of his wealth in equal parts, while the individual making the will is free to dispose of the remaining one-third how they please.
Following are details of the will.
* Berlusconi divided in equal parts among his five children two thirds of the 61.3% stake he owned in the family holding company Fininvest whose assets include investments in broacaster MFE-MediaForEurope, asset manager Banca Mediolanum and Serie A soccer club Monza.
That means the five children each get an additional Fininvest stake of just over 8%, on top of what they already owned.
* He left the remaining one third of his stake, roughly 20% of Fininvest, to his eldest children, Marina and Pier Silvio, in equal amounts. Born from his first marriage, they are only two actively involved in family business.
* Marina and Pier Silvio already owned 7.65% of Fininvest each, or a combined 15.3%. When adding the rest the two are in control of the majority of Fininvest, meaning they can jointly take any decision on the future of the business.
* Berlusconi used the same formula for the rest of his estate — including properties and works of art — meaning that his eldest two children share around 60% of the assets, and the three younger ones the remaining 40%.
* Berlusconi also left 100 million euros ($109 million) to his latest partner Marta Fascina, whom he called his wife on his deathbed but had not legally married.
* He left 100 million euros to his younger brother Paolo.
* He left 30 million euros to Marcello Dell’Utri, a friend from his university days and long-standing aide. Dell’Utri served time in prison after he was conviced of mafia collusion in 2014.
($1 = 0.9187 euros)
