He parlayed a minor fortune in real estate into a multi-billion media empire. Read more at straitstimes.com.
PARIS – Mr Silvio Berlusconi’s career may have been dogged by scandal, but he showed genuine innovation in building his real estate and media empires – even if the late billionaire missed out on the digital revolution.
He created a style that was “very popular, on the same model as English tabloids, bringing daily life onto the small screen”, Professor Carnevale Maffe said. This sleight of hand was only made possible thanks to serious political support, however, notably from the Italian Socialist Party and its leader, Mr Bettino Craxi, as well as the banks.Their support also smoothed the path of Mr Berlusconi’s real estate career, notably his large residential developments on the outskirts of Milan in northern Italy.
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