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Italy

The country’s most colorful industrial dynasty is torn apart as a senior member of the Agnelli family faces a legal battle with his mother for control of the empire.

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  • The Agnelli family has fiercely fought for control of the car empire.
  • Mother Margherita Agnelli accuses son of helping mother evade taxes
  • They have been fighting in court for the past 20 years.



A bitter war between rival members of Italy’s most famous industrial dynasty is escalating, with a senior member under investigation for alleged tax evasion by his own mother.

The Agnelli family, which has been likened to the Kennedy family, is fiercely fighting over assets bequeathed to them by Gianni Agnelli, the richest former patriarch in modern Italian history, who took over Fiat in 1966 and turned the company into a national powerhouse. At one point, he accounted for 4.4% of Italy’s GDP, but he died in 2003 at the age of 81.

Agnelli’s funeral was said to be attended by 100,000 people, and he appointed his mother Margherita Agnelli and her grandson John Elkann, the eldest son of her first husband, as her successors.

Shortly after her father’s death, Margherita agreed to give up her stake in the empire in exchange for 1.2 billion euros.

But she has changed her mind and is now viciously trying to take back the assets she signed away, which are now said to be worth around €4.8 billion.

Mr Agnelli, who was 81 when he died, named his grandson John Elkann (pictured) as his successor.
Shortly after her father’s death, Margherita Agnelli (pictured) agreed to give up her stake in Empire in exchange for 1.2 billion euros.
The Agnelli family once controlled 4.4% of Italy’s GDP under the leadership of patriarch Gianni Agnelli.

The latest in a long series of smears against his son, who runs companies including Ferrari, accuses him of aiding and abetting tax evasion by his mother, Marella Caracciolo, Gianni Agnelli’s widow.

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In 2004, Marella gave John and his two brothers control of Desembre, a family company that held a majority stake in the car empire they now controlled.

However, after her death in 2019, cases related to imperial control began to pile up.

Margherita accused her mother, who at the time was an official resident of Switzerland and was handling the change of asset management under Swiss law, to have lived in Italy for several years before her death.

Her lawyer argued that this made the bequest illegal under Italian law.

Gigi Moncalvo, a writer who wrote about the family, told the Times: “Margherita called her mother’s driver and staff as witnesses to prove that she was in Italy, pointing out that she had been suffering from Parkinson’s disease and Alzheimer’s disease for the last two years.” He never left Turin. ”

“If she can prove that, the bequest will be invalidated and she may have a chance to get half of the assets left by her mother, worth around €4.8 billion, including the Desemblage shares.”

The Agnelli family has been embroiled in a bitter feud since Gianni’s death.
Italian magistrate is investigating John Elkann on suspicion of helping his grandmother evade taxes
He also fights with his mother for control of the family’s art collection.
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“Then she will be able to control the company.”

“Also hidden in Switzerland is gold bullion paid by the Italian government to the Agnellis for supplying them with weapons and vehicles during the two world wars,” he added.

Italian magistrates are investigating whether Marella evaded paying taxes in Italy by claiming to be a Swiss resident, and John Elkann is also being investigated on suspicion of assisting a criminal.

Mother and son, who are said not to have spoken since 2004, are fighting over the fate of the family’s art collection, which includes works by Picasso, Monet and Francis Bacon.

Lawyers representing Agnelli, who has five more children with her second husband, say she is simply “seeking to ensure fair treatment for all her children in accordance with the law.” said.

Meanwhile, Elkann’s lawyers said they would continue to fight Margherita in court, saying: “There is a mother, Margherita Agnelli, who has persecuted her parents and her three children in court for 20 years.”

It added that she was “ignoring the clearly expressed wishes of Mr. Gianni Agnelli and Mr. Marella Caracciolo, as well as the agreements signed by herself.”

Undated file photo of Fiat honorary chairman Gianni Agnelli, the stylish Italian businessman who turned Fiat into a global powerhouse.
Gianni passed away in 2003, and his funeral was reportedly attended by 100,000 people.

The Agnelli family is not the only Italian car dynasty at war with itself.

Earlier this month, it was revealed that an Italian hairdresser had hired a private investigator to collect saliva from a straw used by a Lamborghini fortune heir to fight a bitter defamation battle in Italy. became.

Flavia Bolzone, 35, is being sued for defamation after the son of the legendary hypercar manufacturer’s founder publicly claimed he was sleeping with her mother and that he was her biological father.

Tonino Lamborghini, son of Ferruccio Lamborghini, met his mother, Neapolitan opera singer Rosalba Colosimo, in the late 1980s when he was 17 years old, said Bolzone, a hairdresser from Naples.

Bolzone said Colosimo was waiting for a bus in Milan when a Lamborghini pulled up and offered to give him a ride.

The two reportedly started dating and Bolzone was born in 1988.

But since going public with her claims on TV shows and gossip magazines in 2019, she has faced an uphill battle to prove that she is actually related to the Lamborghini family.



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