Former Italian prime minister Silvio Berlusconi dies at 86

Silvio Berlusconi, the billionaire media mogul who served as Italian prime minister multiple times between 1994 and 2011, has died. He was 86. Berlusconi’s extensive political career included appointments as Italian prime minister from 1994 to 1995, 2001 to 2006 and 2008 to 2011. He worked as a member of the European Parliament since 2019, where he also served from 1999 to 2001. His Forza Italia party is currently a junior partner in Prime Minister Giorgia Meloni’s ruling right-wing coalition.

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Berlusconi entertained several business ventures in tandem with his political tenure, accruing a fortune estimated at around $7 billion in June. He was the controlling shareholder of Italy’s largest commercial broadcaster, Mediaset, whose shares rose over 5%.

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