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New professions in rich families: Moratti family business in Italy

New professions in rich families: Moratti family business in Italy

New professions in rich families: Moratti family business in Italy

An extract of an article by Andrea Deugeni for Milano Finanza talks about how Italy's historic dynasties of capitalism are finding new ways to increase their wealth after selling their industrial empires. They are investing in new ventures, engaging in co-investment deals, and acquiring stakes in venture capital funds. They also invest their money in real estate. As a result, their money from billion-dollar deals is multiplied.

Some dynasties have had great success in new entrepreneurial ventures, such as the Garrone family, who made a green reorganization at Erg and focused on producing quality Italian goods with the Minerva Hub brand. Or the Marzotto family who diversified their business and diversified into, for example, Zignago Vetro.

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In some cases, however, the proceeds have been squandered wildly, as was the case with the Fossati family, which bought a 5% stake in Telecom but subsequently lost it.

The Moratti family, which runs the Italian oil giant Saras, is currently looking to invest more than 600 million euros from the sale of a 40% stake in the company. The money will be split between the two descendants of founder Angelo Moratti - Massimo Moratti and Gabriele Moratti, each of whom is already busy with their own entrepreneurial endeavors.

Historical families such as Marzotto, Pezenti, Fummagalli, Falk and others also continue to make investments. Some of them favor risk capital and startup investments, while others focus on real estate, energy and other sectors. Many of these families are leading the investment market and continue to increase their wealth.

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