Berlusconi €1.7 billion richer makes political comeback
A year ago, the 81-year-old billionaire politician was out of power and locked in battle.
The tide may be turning for Silvio Berlusconi. Banned from public office after a 2013 conviction for tax fraud, the former four-time prime minister was campaigning against then-Prime Minister Matteo Renzi’s proposed reforms while his fortune languished near a five-year low. Then a fight over control of his broadcaster Mediaset broke out with French billionaire Vincent Bollore.
The struggle spurred investor interest in Mediaset, driving up the share price, and Berlusconi got a further political boost last month when his Forza Italia party won a centre-right coalition victory, positioning him for a potential return to power.
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