all the affairs of the three minor children – Corriere.it

time to reckon in the complex perimeter of the heritage of Berlusconi, to understand what is in the portfolio, as well as what is already known, and also for establish how 230 million bequests will be paid to Marta Fascina (100)to his brother Paolo (100) ea Marcello Dell’Utri. Which will form the liability of the inheritance. The heir advisors will spend the next few weeks appraising the individual assets. And a key element will also be the evaluation of the donations made during his lifetime by the Knight. Apparently they would be numerous and of a very significant amount. Did the heirs also benefit? The figures at stake of an inheritance of around 4 billion could be readjusted (there are no official figures) that two thirds will go to all five children in equal parts (the legitimate share) and one third (the share available to Berlusconi) only to Marina and Pier Silvio. The law considers the donation made to the donor’s heirs an inheritance advance, therefore, on the donor’s death, it must be charged to the legitimate share. Technical passages in a setting of great serenity, reiterates a source close to the family. It is with this spirit of collaboration that we proceed with the evaluations. Even the most complicated ones. The final outcome is the 60/40 division of assets.

Bank accounts

The Knight, directly or with his personal companies, had various bank accounts (with single, double or fiduciary signatures) with liquidity and investments. Intesa Private Banking is one of the reference institutions. And this is the most unknown and reserved area, at least from the outside. Properties, those held directly or through companies are more easily classified. then there Fininvest for which the founder has clearly indicated the path of continuity by attributing 20% to Marina and Pier Silvio who will thus rise, together, to the absolute majority of 53%. But the understanding between brothers does not appear to be affected at all. The two souls of Berlusconi have been living together for years. Marina and Pier Silvio manage Fininvest with the listed investments of Mfe-Mediaset, Mondadori and Banca Mediolanum, while Barbara, Eleonora and Luigi have created their own holding company projected into other businesses: it is called Holding Italiana Quattordicesima, it will own 47% of Fininvest. And a year ago it spun off its extra Fininvest activities in the H14.

Fininvest dividends to younger brothers

The vitamins for the growth of the two holdings – which have just moved into the new offices in Piazza Borromeo in Milan – have come from the start from Fininvest dividends. But the family office has gradually transformed into an investment platform, with assets estimated at 400 million (excluding the investment in Fininvest which is currently 21.4%). The heritage feeds itself precisely thanks to the returns on good business. Thanks also to Luigi’s commitment who had already joined the board of Soldo ltd in 2017, a startup in the fintech sector designed to simplify the management of family expenses in which Fininvest had also invested, realizing about 12 million in capital gain. Bocconian, I work at JP Morgan in London and then other experiences in finance.

Luigi president of H14

it was on these business skills that H14 then took off and now the holding company of which the three brothers are partners is autonomous. Luigi is the president, Barbara the managing director, Eleonora, three children, is more aloof from corporate life. But between the three brothers there is a constant flow of information about the activities. All are on the board, supported by Geronimo La Russa, a lawyer, son of the president of the Senate Ignazio La Russa. The wealth resulting from successful bets on growing companies, in the logic of private equity, especially in the field of technology and innovation for which Luigi has passion and talent. He has a dense network of holdings. Those in Jakala stand out, the technological marketing company founded by Matteo de Brabant, in the delivery company Deliveroo, Westwing furniture, then Bending spoon. H14’s business arises from the family’s network of relationships. Among these the one with the Barilla brothers or with Angelo Moratti. On average, these odds return round returns, around 20%. The H14 invests in the companies to support also through the club deal formulathus joining forces with other entrepreneurial dynasties.

Investments with Mediobanca

One of the privileged banks for Mediobanca private banking business. To be precise Tech, acronym of The equity club, the platform for investments in clubs created by Piazzetta Cuccia to capture the interest and liquidity of large industrial families – since 2018 it has been bringing investment opportunities to dynasties such as Branca, Doris, Domp and Marzotto – and address it to younger companies and make them grow to get out of the capital with good returns. In the team there are about ten young professionals, because the H14 and its results have long been able to attract talent in finance. Barbara, five children, has no executive functions but is always present when deciding. In the past you had been appointed by the Milan board as vice president and managing director for non-sporting social functions.