Agnelli court case puts billions at stake

Margherita Agnelli de Pahlen

 TURIN – A court case to redivide the Agnelli fortune began on Monday, with more than 4 billion euros at stake in the dispute over the legacy of Gianni Agnelli, judicial sources said.  

 On one side is Gianni Agnelli’s only daughter, 67 year-old Margherita Agnelli de Pahlen, and on the other her three children from her first marriage, John, Lapo and Ginevra Elkann, who inherited the largest share of Gianni Agnelli’s assets after his death in 2003. 

 Margherita contested the decision that the three children she had with Alain Elkann should have exclusive entitlement to the bequests in the wills written by their grandparents, Gianni Agnelli and Marella Caracciolo.

 If Margherita’s claim is successful, the five children from her second marriage, to Serge de Pahlen, will also enter into the inheritance. Three-fifths of the assets at stake are currently controlled by John Elkan, with the rest being split between his siblings Lapo and Ginevra.  Invoking Italian inheritance law, Margherita aims to obtain 50 percent of these riches. 

 This case has the potential to drastically redistribute the Elkann-Agnelli empire’s vast assets and could even have an effect on the family’s sporting companies, Ferrari and Juventus football club.

 It is estimated that the destiny of the Agnelli treasure chest will not be determined until early 2023.

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