Italian banker and housewife Silvio Berlusconi was born in Milan on September 29, 1936. He went to Universita Staale in Milan and was the oldest of three siblings.
His youth with them is one of his most treasured recollections. Although the law was his main interest, he was also a skilled upright bass player. He used to play in a local band that occasionally played on cruise ships. The other members of the band he promoted to high government and business positions influenced his later work.
What Was Silvio Berlusconi’s Net Worth?
Former Italian prime minister and billionaire Silvio Berlusconi was said to have left behind $7 billion. After World War II, Silvio Berlusconi led Italy as prime minister for an unprecedented amount of time.
The wealth of Silvio Berlusconi was disclosed in the following tweet by The Spectator Index:-
SILVIO BERLUSCONI
– Media tycoon with assets in television and print
– Net worth of $7 billion in April, 2023.
– Served as PM of Italy in four governments from 1994 to 1995, 2001 to 2006 and 2008 to 2011.
– Owned A.C. Milan from 1986 to 2017
– Has died at age of 86 pic.twitter.com/nOkJxrMt8m
— The Spectator Index (@spectatorindex) June 12, 2023
He was well-known for his criminal and tax evasion activities, for which he had been previously apprehended and jailed. From 1986 to 2017, he also controlled the Italian football team A.C. Milan. On June 12, 2023, at 86, Silvio Berlusconi passed away.
How Did Silvio Berlusconi Start His Profession?
After graduating from college, he began his career as a builder on the vast “Milano Due” project, which involved the construction of 4,000 residences to the east of Milan. He used the money he made from his first business to fund the start-up of Telemilano, a cable television company.
He also tied the knot with Carla Elvira Dall’Oglio during this period. The couple planned to begin a family with two children in the subsequent five years. In 1973, Berlusconi established the humble cable TV company Telemilano to rise to prominence. In 1974, Berlusconi launched one of Italy’s most influential media conglomerates: the television network Mediaset.
Berlusconi founded the media conglomerate Fininvest in the late 1970s. Over the course of the next decade, he amassed a monopoly on commercial television in Italy by purchasing lesser stations.
The venture netted him an annual salary of $75,000,000. But his tactics seemed questionable at best. No one could explain how he was making money or where the money was going from all his various business activities.
A legislative decision declaring Italian national broadcaster RAI as the sole channel qualified for a television monopoly has only inflamed the underlying tensions.
During the nearly five years of ongoing legal procedures against him, Berlusconi was ordered to stop doing any form of broadcasting—time allowed for a reversal of the earlier decision.
In addition to his media empire, Berlusconi also owns a professional soccer team, a publishing house, and an advertising agency. In 1986, he bought A.C. Milan and in 2017, he sold it to a new owner.
His success as a businessman and a sports fan helped make him an influential person in the sports industry, and he used it to buy a club. They also own a portion of A.C. Milan, a financial services company called Mediolanum, the most prominent Italian publishing house called Mondadori, and a movie production company called Medusa.
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A.C. Milan
There was no AC Milan football club before Berlusconi purchased the team in 1986. In 2017 a consortium of Chinese businesspeople bought AC Milan from Silvio Berlusconi. Including debt, the deal was worth more than €740 million ($800 million). Berlusconi’s more than 30-year tenure as a club owner ended with the sale.
Yonghong Li, a relatively unknown Chinese millionaire, was the group’s leader. However, it wasn’t clear who did what in the consortium until after the deal closed. This deal marked a watershed moment in the history of Serie A, Italy’s top football league, marking the beginning of a period of increased foreign ownership.
Profession in Politics
In 1993, Berlusconi ran for prime minister under the banner of his own political party, Forza Italia (Go Italy). Since then, he has served as Italy’s prime minister four times. He served as mayor from 1994–1995, 2001–2006, and 2008–2011.
Berlusconi’s nine years in office were the third longest in Italian history, after Benito Mussolini and Giovanni Giolitti. Berlusconi held the record for most summits hosted by a single leader with three during his time as G8 head from 2009 to 2011.
After 19 years in the House of Representatives, he won a seat in the Senate in the 2013 general election. Silvio Berlusconi made history by becoming the first prime minister with no background in politics or administration.
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