The great Italian families, owners of the holding companies in Piazza Affari, own put all together a little treasure that between cash and reserves reaches almost 9 billion. We are talking about names like Berlusconi, Benetton, Caltagirone, Del Vecchio or Agnelli-Elkann just to name a few. Historical dynasties that have built real empires and that in the last year, for various reasons, have found themselves in the midst of important matches whose developments are expected in the coming months.
Beyond the vicissitudes, financial and otherwise, it seems that these dynasties are still covered by a mountain of liquidity, as demonstrated by a study by the Sole 24 Ore. In some cases, such as for the group Caltagirone, official documents are missing, but authoritative sources quantify liquidity at around 1,5-2 billion available to the Roman entrepreneur and the holding companies attributable to him. In others, however, like the Benetton family, the numbers speak for themselves. Edition, the family holding company Benetton which holds the reins of Autostrade, Autogrill and Benetton group boasts a net asset value of 12,1 billion and a cash of 1,85 billion, of which 258 million managed by the Quaestio fund.
For the holding company owned by the family Berlusconi 2018 should be the year of the so-called pax with the Vivendì group, which entered the capital of one of the main subsidiaries, Mediaset, with around 29,9%. An appointment to which Fininvest shows up with cash on hand for around 400 million euros. We arrive at this number considering on the one hand the purchases of Mediaset shares by the holding company and on the other hand the liquidity received from the sale of Milan.
For the Agnelli, however, after the massive investments completed in the last two years, the priority today is represented by debt reduction. At the end of June, Exor showed a negative net financial position of 3,2 billion euro. However, the NAV, net asset value, went from 5 billion dollars in 2009 to almost 22 billion. Then there is Luxottica, the group controlled by the family holding company Del Vecchio, Luxembourg's Delfin. The documents filed in Luxembourg see the net profit at 2016 million euros in 312. But the real treasure is in the reserves: at the end of 2016 they amounted to 2,65 billion from 2,25 billion in 2015.
Finally, in the banking world, the family stands out among the most liquid entrepreneurs Bad stocking. Reference partners of Banca Carige at 20,639%, the Ligurian family is the first and undisputed single shareholder of the institute. And despite the most recent investments, including the one in the Ligurian institution, show sensational capital losses, it appears that the family, as a whole, still has just under 1 billion euros available in terms of liquidity.
