Berlusconi agrees huge divorce settlement
The billionaire media tycoon has agreed to pay Lario €3 million a month – £29.4 million per year – but will keep his property portfolio and various business interests.
According to a report in the Telegraph, Lario was especially keen to gain ownership of Villa Belvedere, a 122,000sq ft estate near Milan and the couple’s former marital home. However, the judge at a hearing in Milan ruled that Berlusconi should keep the €78 million villa as their three children are now adults.
Italian law requires that the standard of living enjoyed by a couple prior to divorce must be maintained after separation when one party is richer than the other.
Berlusconi married Lario, a former actress, in 1990, and the couple had three children – Barbara, 28, Eleonora, 26, and Luigi, 24. She filed for divorce in 2009, following reports linking her husband with various models and showgirls. She could, she said at the time, “no longer stay with someone who consorts with minors”.
Berlusconi divorced his first wife, Carla Dall’Oglio, in 1985, after 20 years of marriage.
The 76 year-old recently announced plans to run for a fourth term as prime minister of Italy.
Photo by Alessio via Flickr under a Creative Commons licence
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Marilyn Stowe is the senior partner in Stowe Family Law, which has offices in Yorkshire, Cheshire and London. With more than 30 years’ experience handling divorce cases and family law proceedings she is regarded as one of the most formidable and sought after divorce lawyers in the UK. In 2012, Marilyn became one of the first solicitors to qualify as a family law arbitrator.
All persons mentioned in the scenarios are fictitious: details have been deliberately changed in order to protect identities and other confidential circumstances of my clients. All advice and information on this blog including posts written by guest authors, is given only as a general guide to the operation of the law on the date of publication. Readers must place no reliance whatsoever on the content of this blog and must always obtain their own legal advice. Marilyn Stowe, Stowe Family Law LLP and guest authors accept no liability whatsoever arising as a result of reliance upon its content.
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