Silvio Berlusconi, the prominent billionaire media mogul who served as Italian prime minister on multiple occasions, has passed away at the age of 86. The news of his death was reported by local media, although CNBC has not yet been able to independently verify these reports.
Berlusconi had been dealing with various serious health issues, including a battle with Covid-19 that led to multiple hospitalizations starting in September 2020. Just last month, he was released from the hospital after receiving six weeks of treatment for a lung infection related to chronic leukemia.
Throughout his extensive political career, Berlusconi held the position of Italian prime minister from 1994 to 1995, 2001 to 2006, and 2008 to 2011. He also served as a member of the European Parliament and was a member of Prime Minister Giorgia Meloni’s ruling right-wing coalition through his Forza Italia party.
In addition to his political involvement, Berlusconi engaged in various business ventures, amassing a fortune estimated at around $7 billion. He held the controlling stake in Mediaset, Italy’s largest commercial broadcaster, which experienced a 5% increase in its share price following news of Berlusconi’s passing. He also owned the Italian soccer club AC Milan from 1986 to 2017.
Berlusconi’s personal life was marked by scandal and legal battles, including tax schemes and allegations of sexual misconduct. At one point, he was sentenced to seven years in prison and banned from holding public office for life, but he was later acquitted by Italy’s highest court.
Italian policymakers and world leaders paid tribute to Berlusconi, recognizing his impact on Italian history and his contributions to politics, economy, sports, and television. Italian President Sergio Mattarella received a heartfelt letter from Russian President Vladimir Putin, who described Berlusconi as a “true friend” and an “outstanding” politician.
While Berlusconi faced criticism throughout his nine-year tenure as prime minister, he remains one of Italy’s longest-serving heads of government. His last stint in office was marred by a violent attack in 2009 when a mentally ill man struck him in the face with a statuette, causing injuries to his nose, lip, and teeth.
In conclusion, Silvio Berlusconi’s death marks the end of an era and leaves a significant void in Italian politics and society. His influence and legacy will be remembered by many, both in Italy and around the world.
Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
