Agnelli family tree

Agnelli family

Italian industrial family founded by Giovanni Agnelli ()

The Agnelli family (Italian pronunciation:[aɲˈɲɛlli]) is an Italian multi-industry business dynasty family founded by Giovanni Agnelli, one of the original founders of the Fiat motor company which became Italy's largest automobile manufacturer.[1] They are also primarily known for other activities in the automotive industry by investing in Ferrari (), Lancia (), Alfa Romeo () and Chrysler, the latter acquired by Fiat after it filed for bankruptcy in The Agnelli family is also known for managing, since , and being majority investors of the conational Serie A football club Juventus FC since the club's conversion to a società a responsabilità limitata (similar to a limited liability company) in ,[2] as well as being the first shareholders of Sisport.

Most members of the family are stakeholders in privately owned Giovanni Agnelli B.V., which in turn has a controlling stake in the publicly listed holding company Exor.

The family has sometimes been described in American media as "the Kennedys of Italy" for their role in the country's contemporary history and their activity of patronage in modern art and in sports.[3] As of , the extended Agnelli family comprised about two hundred members.[3]

Family tree

  • Edoardo Agnelli (–) married Aniceta Frisetti (–)
    • Giovanni Agnelli (–) (founder of Fiat) married Clara Boselli (–)
      • Aniceta Caterina (–) married Carlo Nasi (–)
        • Clara Nasi (–) married Luca [dei marchesi] Ferrero de Gubernatis Ventimiglia (–)
        • Laura Nasi (–) married Count Giancarlo Camerana (–)
        • Giovanni Nasi (–) married Marinella Wolf (–)
        • Umberta Nasi (–) married firstly Giuseppe Frua de Angeli (–), and then Giorgio Ajmone-Marsan (–)
        • Emanuele Nasi (–) married Marisa Coop Diatto (–)
      • Edoardo Agnelli II (–) married Virginia Bourbon del Monte (–)

Some notable family members

Giovanni Agnelli

Main article: Giovanni Agnelli

In , Giovanni Agnelli (–) and a group of investors founded the company Fabbrica Italiana di Automobili Torino (Fiat), being after senator of the Italian government.

Edoardo Agnelli

Main article: Edoardo Agnelli (industrialist)

Edoardo Agnelli (–), industrialist and vice-president of the Italian car company Fiat and IFI, was the son of Giovanni Agnelli (–), the founder of Fiat. He had seven children, Clara (–), Gianni (–), Susanna (–), Maria Sole Agnelli (–), Cristiana (–), Giorgio Agnelli (–) and Umberto (–).

Agnelli's daughter Susanna Agnelli was the first woman to have been Minister of Foreign Affairs in Italy.

Gianni Agnelli

Main article: Gianni Agnelli

Gianni Agnelli (–) was the oldest son of the industrialist and principal family shareholder of the Italian car company Fiat, Edoardo Agnelli.

After WWII he earned a law degree at Turin University and his nickname was L'Avvocato ("The Lawyer").[8] He was the head of Fiat from to and made the company into the most important company in Italy and one of the major car builders of Europe. Gianni was a Fiat CEO. By he had become the "richest businessman in modern Italian history".[3] In the s and s Fiat produced millions of modest cars including tiny and hatchbacks.

Its Mirafiori plant in Turin, built , autos a year.

In the s Gianni and Umberto Agnelli hired Cesare Romiti, known as Il Duro or the tough guy.[9][10] During that time Fiat's production in Italy "peaked in , when it employed well over , people there and made million cars."[11][12][13][14][15] Romiti led the firm from 28 February to 22 June Romiti was instrumental in the company's return to profitability during this period.[16] Paolo Fresco succeeded him in the aforementioned post.[17][18]

February saw the start of the mani pulite (Clean Hands) judicial inquiry into Tangentopoli,[19][20][21] nationwide corruption with a large number of politicians, bureaucrats and entrepreneurs involved including senior Fiat executives.[8]

In when Gianni reached the mandatory retirement age of 75[9] after serving as Fiat chairman for 30 years,[8] Romiti replaced him as chairman.[9] A year after Romiti took over as chairman of Fiat, he was convicted of "having falsified company accounts, committing tax fraud and making illegal payments to political parties."[9] Romiti "was one of the most prominent people convicted since the start of Italy's campaign against corruption in " Even though Gianni Agnelli was not implicated by the magistrates, some believed that he had lacked judgement in not denouncing Italy's endemic corruption and in downplaying Fiat's responsibilities.[8][9] Gianni Agnelli in fact had defended the actions of Romiti and the co-accused Francesco Paolo Mattioli, Fiat's chief financial officer.[9] A article published in The Economist quoted Gianni Agnelli confidence in the Turin Two's innocence and concluded that business attitudes among Italy's powerful ancien régime was left unchanged since the scandal of tangentopoli ("bribesville") emerged.[22] "Mr.

Romiti and Mr. Mattioli had approved a series of slush funds from through to provide for Fiat's illegal political contributions and had falsified accounts to hide the payments."[9]

While Fiat was a family-controlled company, Gianni Agnelli alone held the family's controlling stake for nearly 60 years.

Fiat is an "individual privately-owned oligopoly".[23] Giovanni Agnelli & C. (GA&C), the family's limited partnership was Gianni's command center.[24]:&#;18&#; By , when he died, "The GA&C partnership was worth about billion euros, and its assets consisted of listed holding companies Istituto Finanziario Industriale (IFI) and Istituto Finanziaria di Partecipazioni (IFIL), through which the family controlled Fiat and IFIL's stakes in other companies."[24]:&#;18&#;

By the time of Gianni Agnelli's death in , the "Agnelli family controlled Fiat through a chain of three separate holding companies."[25] Giovanni Alberto Agnelli, Gianni's nephew, who died of cancer in , had been in line to take control of the family companies.

In Gianni publicly announced that his grandson, John Elkann, who was then 21, would succeed him as the head of the family empire.[25] Edoardo Agnelli, Gianni's first-born son died in [25]

He "died at the age of 81, after a prolonged battle with prostate cancer".[3] At one time the Agnelli assets represented % of Italy's GDP.

At the prestigious photography exhibition in Rome entitled Gianni Agnelli: An Extraordinary Life, the Agnelli family and the Italian government honoured L'Avvocato. Gianni Agnelli married Marella Agnelli (–)[26][27][28] They had one son Edoardo Agnelli and one daughter Countess Margherita Agnelli de Pahlen.

According to the Independent Fiat survived the early first years of the twentieth century thanks to "generous government subsidies paid by Italian taxpayers."[8] "As recently as , Italy accounted for more than a third of Fiat's revenue, and the company built more than 1 million vehicles at six plants in the country."[11]

Gianni Agnelli was considered to be the most prominent spokesperson representing the Italian economic elites.[23]

Gianni explained his popularity in Italy by saying that he was "always present".

Marella agnelli In , Giovanni Agnelli — and a group of investors founded the company Fabbrica Italiana di Automobili Torino Fiat , being after senator of the Italian government. Virginia Bourbon del Monte. Cronache economiche in Italian. According to an article in the Financial Post , [ 34 ] in February Consob , Italy's market regulator, fined the Agnelli family holding company, then-called Ifil now known as Exor , for engaging in a complicated illegal trade in

"There was a war and I, like many others, took part. Then there were other events such as closer relations with the Americans, and I was there.&#; We had difficult moments such as terrorism, and I never pulled back. In the course of our lives, of our generation, there also have been happier moments."[21]:&#;&#;

Professor Gaspare Nevola of the Università degli Studi di Trento, explained that Italian society celebrated a common sense of belonging and national identity through collective identification at Gianni Agnelli's Funeral.[21]:&#;&#;

At the end of the s Sergio Garavini claimed that, "Fiat seems like the Austro-Hungarian empire on the eve of the First World War.&#; When the big push came, it fell to pieces while the royal court continued to fight over succession." L'Avvocato's death was associated with the closing of a chapter by "commentators, politicians, and institutional representatives".[21]:&#;&#;

Giorgio Agnelli

Giorgio Agnelli (–) was a member of the Agnelli family.

He was the second son of Virginia Agnelli and of the industrialist Edoardo Agnelli. His brother, Gianni Agnelli, was the head of Fiat until

Umberto Agnelli

Main article: Umberto Agnelli

Umberto Agnelli (–) was Gianni Agnelli's youngest brother. He was CEO of Fiat from to [29] When he knew he was dying and Fiat was in financial trouble, Gianni asked Umberto to return as Fiat's CEO.

Fiat had taken out a three-billion-euro loan in and was unable to pay it back. If they were unable to find a solution, Fiat would belong to its creditor banks.[24]

Umberto Agnelli was chairman of IFIL Group, the family investment company.[24]

IFIL's fat investment portfolio included stakes in Club Méditerranée, French conglomerate Worms & Cie., and department store chain La Rinascente, and provided the family with a steady stream of reliable dividends that offset the wild fluctuations of profitability—and lately, loss—at Fiat.

Up until , IFIL's profits had grown every year for 15 years, and it had paid million euros in dividends to IFI, its parent company, in

—&#;Clark

Umberto Agnelli was chairman and later honorary chairman of Juventus, the football team long-associated with Fiat and the Agnelli family. His son Andrea later followed in his footsteps as chairman of Juventus until

Margherita Agnelli de Pahlen

Margherita Agnelli de Pahlen (born ), the only daughter and sole surviving child of Gianni Agnelli,[30] received an estimated inheritance of $2 billion when her father, Gianni Agnelli died.

In a lawsuit filed in and rejected in ,[3] Margherita Agnelli asked the annullation of the inheritance agreement signed with her mother; she said that it was based on incomplete information.[1] On 30 May , she filed a lawsuit against three long-time advisors of her father: Gianluigi Gabetti, Franzo Grande Stevens, and Virgilio Marrone.

The lawsuit was also against her own mother, Marella Agnelli.[3] The lawsuit demanded that Gabetti, Grande Stevens, and Marrone provide a report on her father's estate "with information pertaining to the historic evolution of the assets" from January 24, , forward. D'Antona & Partners, a Milan-based public-relations firm, provided The Wall Street Journal with news of the lawsuit before the Agnelli family was aware of it.

In Turin, Italy in March Judge Brunella Rosso rejected the lawsuit filed against Margherita's mother Marella Agnelli and advisers Franzo Grande Stevens and Gianluigi Gabetti.[1] She had three children John, Lapo and Ginevra from her first marriage with Alain Elkann who inherited the largest shares of the Agnelli fortune.

She had other five children from her second and current husband, Count Serge de Pahlen.

John Elkann

Main article: John Elkann

John Elkann (born ) is the CEO of Exor, an investment company controlled by the Agnelli family, which controls Stellantis, CNH Industrial, Ferrari, Juventus FC, Cushman & Wakefield and the Economist Group.

In he was considered to be the world's fourth most influential manager under the age of 40 by Fortune magazine.[31] He was chosen as heir to the family empire in by his grandfather Gianni Agnelli who died in Currently, Elkann chairs and controls the automaker Stellantis (which owns the Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram and Vauxhall brands).

He is the oldest son of Alain Elkann and Margherita Agnelli de Pahlen. In John Elkann married Donna Lavinia Borromeo, an heiress of the Borromeo family. His grandmother, Marella Agnelli (–) gave her shares to him to secure his control of the family empire. She divided up Gianni Agnelli's (–) personal assets with her daughter, Margherita Agnelli de Pahlen.

Fiat formerly represented % of Italy's GDP. From to Fiat had lost more than 6 billion euros and was close to bankruptcy. CEO Sergio Marchionne returned the company to profit in [11] In as the U.S. automobile industry was collapsing Fiat became a trailblazer by acquiring an initial 20% stake in the then-bankrupt Chrysler company in a deal with the Obama administration.

Edoardo agnelli Retrieved 21 February Agnelli are also the owners of Juventus , the most renowned Italian association football club, [ 36 ] and one of world's most successful teams, [ 37 ] which was operated by the Agnellis since to and since to date. Nonostante le apparenze di uomo composto, Gianni Agnelli fu molto disinvolto nelle sue relazioni personali. Umberto Agnelli — was Gianni Agnelli's youngest brother.

This saved Chrysler.[24]:&#;&#;[32] By Fiat was taking full control of Chrysler and merging Fiat-Chrysler into a global giant. By Chrysler was profitable again but an article in The Economist questioned the financial future of the merged company.[32]

In , Lapo Elkann, (born ) John's brother, was forced to leave the family company because of a scandal but by was still one of the largest shareholders in the family business along with John, and their sister Ginevra Elkann (born ).[33]

Andrea Agnelli

Main article: Andrea Agnelli

Family councilors

Gianni Agnelli's longtime financial advisors were Franzo Grande Stevens and Gianluigi Gabetti.

According to an article in the Financial Post,[34] in February Consob, Italy's market regulator, fined the Agnelli family holding company, then-called Ifil (now known as Exor), for engaging in a complicated illegal trade in They signed contracts with Merrill Lynch which allowed Ifil "to retain its 30 per cent of Fiat in spite of banks in the same period converting billions of euros of debt owed to them by Fiat into equity in the company."[34] In the words of the Financial Post, Gabetti, Marrone, and Grande Stevens "were suspended from holding posts in public companies for between two and six months."[34]

Gianluigi Gabetti

Gianluigi Gabetti was director general of IFIL Group, the family investment company since and worked there as Gianni's closest financial adviser for over 30 years.[24]:&#;26&#; When Gianni died in , Umberto asked the octogenarian to return as CEO of Ifil.[24]:&#;27&#;

Franzo Grande Stevens

Franzo Grande Stevens (born ) is the lawyer of the family.

In , he was prosecuted for market manipulation in the equity swap of Ifi-Ifil (now Exor), Agnelli's holding company and Fiat's financial company.[35]

Participation in business and sports

Stellantis, a multi-national company and a core business of the clan, was established in after Fiat Chrysler Automobiles (FCA) and Groupe PSA merged.

They have also majority control and some participation in several organizations, including La Stampa, the Turin daily paper owned by the family through GEDI Gruppo Editoriale,[24]:&#;17&#; and The Economist, part of The Economist Group, the clan owns over 47% of the share.[32]

Agnelli are also the owners of Juventus, the most renowned Italian association football club,[36] and one of world's most successful teams,[37] which was operated by the Agnellis since to and since to date.[38] That society between the club and the Torinese industrial dynasty is the oldest and most uninterrupted in Italian sports history between a club and an investor, making the Old Lady one of the first professional sporting clubs ante litteram in the country.

The Agnellis have the club's majority shares since it was constituted as a private limited company under the legal entity of società a responsabilità limitata in ,[2] and have been credited for much of the team's success and by extension in the development of football in Italy due an administrative gestion model and sporting ethos called by the country's mass media since the s as Stile Juventus, or Juventus Style,[40] based in patience, consistency and a kind of effective and efficient long-term strategic planning unusual for the administrative model generally used in Italy, both of which the ownership is renowned for.[42] Juventus success in the first half of the s allowed that management to influence in the management model from other Serie A clubs since the end of World War II, emerging as the reference organisational model for the sport in the Peninsula.[43][44] An Italian società per azioni since , Juventus was presided since to by Andrea Agnelli, fourth member of the clan in front of the club's maximum dirigencial charge and grandson of Edoardo Agnelli, the first member of the family in do it as well as regarded the ideologue of the Juventus Style.[45]

List of businesses owned by the Agnelli family

Further information: Exor (company)

References

  1. ^ abcSara Forden (March 17, ).

    "Margherita Agnelli Loses Family Inheritance Lawsuit". Bloomberg. Retrieved 15 August

  2. ^ abSubscribed with code nº , cf. Camera di Commercio, Industria e Agricoltura di Torino, ed. (5 August ). "Movimento anagrafico – Iscrizioni dal 1º al 31 agosto ". Cronache economiche (in Italian).

    No.&#; p.&#;5.

  3. ^ abcdefComposed by Agnelli, Elkann, Nasi and Camerana clans, cf. "Troubled Dynasty: The Woman Who Wanted the Secrets". Vanity Fair. August Retrieved 15 August
  4. ^Furino, Federica (22 April ).

    "Pietro Sermonti: "Non sono l'unico ad aver perso il padre, ma il solo ad aver perso Vittorio Sermonti"". La Stampa (in Italian).

  5. ^"Alumni — Steering a Steady Course for Argentina's Future". Harvard Business School. April
  6. ^E' morto Pio Teodorani Fabbri, era marito di Maria Sole, sorella di Gianni Agnelli
  7. ^"Davina ed Eduardo sposi a Capalbio".

    Il Tirreno.

  8. ^ abcdeWolfgang Achtner (25 January ). "Giovanni Agnelli: Charismatic Italian industrialist with 'extraordinary power'". The Independent. Archived from the original on Retrieved 15 August
  9. ^ abcdefg"Italy Convicts Fiat Chairman; Bars Him from Corporate Posts".

    The New York Times. 10 April Retrieved 25 April

  10. ^Gianni Vattimo; René Noël Girard (). Christianity, Truth, and Weakening Faith: A Dialogue. Columbia University Press.

  11. Margherita agnelli net worth
  12. Gianni agnelli net worth
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    15. p.&#; ISBN&#;. Retrieved 20 July

  15. ^ abcTommaso Ebhardt and David Rocks (30 January ). "Maserati Boom Signals Fiat 'Arrivederci' to Italian Past". Bloomberg.
  16. ^Alan Friedman (). Agnelli and the network of italian power. London: Mandarin Paperback via Octopus Publishing Gr.

    ISBN&#;.

  17. ^"Fiat and the Agnelli family: Near-death experience: The rise and fall and rise of Italy's premier car manufacturer".

    Gianni agnelli margherita agnelli biography His image, his style, his way of communicating and approaching his employees will always remain in the heart of those who have known him, or of those who have simply had the opportunity to hear about it. L'effetto principale fu l'accordo sulla cosiddetta scala mobile , il meccanismo di indicizzazione dei salari al costo della vita. ISBN Bulletin of Italian Politics.

    The Economist. 28 January Retrieved 15 August

  18. ^Wolfang Achtner (17 December ). "The tough cop takes the wheel; profile; Cesare Romiti". The Independent. Archived from the original on Retrieved 25 April
  19. ^Alan Friedman (12 December ).

    Margherita agnelli de pahlen: Il loro compito era trasportare le parti di carrozzeria appena stampate dalle presse alla catena di montaggio: fermi loro, ferma tutta la produzione. Koff, Stephen P. According to the Independent Fiat survived the early first years of the twentieth century thanks to "generous government subsidies paid by Italian taxpayers. Dopo una trattativa durata qualche mese con i rappresentanti della banca libica [ 31 ] la quota Fiat in mano a essa venne riacquistata da una delle "casseforti di famiglia", l' IFIL settembre

    "Successor at Automaker is 72 and a Target of Prosecutors". The New York Times. Retrieved 25 April

  20. ^Jon Glover (24 January ). "Giovanni Agnelli". The Guardian. Retrieved 20 July
  21. ^Alan Friedman (23 January ). "Embattled Fiat Chief to Resign in June and Be Succeeded by the No.

    2 at GE". The New York Times. Rome. Retrieved 25 April

  22. ^"BMW confident as sales charge to pounds 2Obn record". Birmingham Post.

  23. Margherita agnelli de pahlen
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  25. The Woman Who Wanted the Secrets - Vanity Fair

    26. 30 January Retrieved 12 June

  26. ^Sergio Fabbrini; Vincent Della Sala, eds. (February ). Italian Politics: Italy Between Europeanization and Domestic Politics. Hb. p.&#; ISBN&#;.
  27. ^Alberto Vannucci (). "The Controversial Legacy of 'Mani Pulite': A Critical Analysis of Italian Corruption and Anti-Corruption Policies"(PDF).

    Bulletin of Italian Politics. 1 (2): – ISSN&#;

  28. ^ abcdGaspare Nevola (February ), Sergio Fabbrini; Vincent Della Sala (eds.), The Gianni Agnelli Funeral: A National Identification Rite, Italian Politics: Italy Between Europeanization and Domestic Politics, Hb
  29. ^"Free the Turin Two".

    The Economist. Rome. 24 April Retrieved 15 August

  30. ^ abSondra Z. Koff, Stephen P. Koff (28 November ). Italy: From the 1st to the 2nd Republic. Taylor & Francis. p.&#; ISBN&#;.
  31. ^ abcdefghJennifer Clark (November ).

    Mondo Agnelli: Fiat, Chrysler, and the Power of a Dynasty. Wiley. p.&#;

  32. ^ abcStacy Meichtry (18 November ). "Lawsuit Drives Rift Among Agnellis Fiat Patriarch's Daughter Wants Fresh Accounting of His Estate". The Wall Street Journal.

    Rome. Retrieved 15 August

  33. ^"World's Best Dressed Women". Vanity Fair. Archived from the original on 12 July Retrieved 30 May
  34. ^Zilkha, Bettina (). Ultimate Style-The Best of the Best Dressed List. New York City: Assouline Publishing. pp.&#;70–73, ISBN&#;.
  35. ^Gerald Clarke (), Capote-a Biography, New York City: Simon & Schuster, pp.&#;–75, ISBN&#;
  36. ^"Umberto Agnelli".

    The Independent. London. 29 May Archived from the original on Retrieved

  37. ^"Libro 'Agnelli Coltelli', querelati Margherita Agnelli e Gigi Moncalvo". Corriere della Sera (in Italian). Turin: RCS MediaGroup. 1 February ISSN&#; Retrieved 21 February
  38. ^"40 under 40".

    Fortune. 30 September Archived from the original on 28 January Retrieved 15 August

  39. ^ abc"Fiat and Chrysler Hoping it will hold together". The Economist. 24 August Retrieved 15 August
  40. ^Deirdre Hipwell (13 August ).

    "The Economist sold to great dynasties". The Times. Retrieved 15 August

  41. ^ abcAdrian Michaels (February 14, ). "Agnelli family company fined over Fiat share dealings By Adrian Michaels in Rome". Financial Times. Retrieved 15 August
  42. ^The Tribunal of Turin asks 2 years of detention for Grande Stevens,
  43. ^Jeff Israely (25 June ).

    "All In The Family". Time. p.&#;3. Archived from the original on March 2, Retrieved 2 April

  44. ^"Juventus building bridges in Serie B". Fédération Internationale de Football Association. Archived from the original on May 11, Retrieved 20 November
  45. ^During the Italian resistance against nazi-fascism (–) the club, at the time, a multisports association, was controlled by torinese industrialist and former Juventus player Piero Dusio through car house Cisitalia.

    John elkann And I met unfaithful husbands who were good husbands. URL consultato il 21 marzo Strumenti Strumenti. Umberto Agnelli — was Gianni Agnelli's youngest brother.

    However, various members of the Agnelli family have held various positions at executive level in the club since , cf. Tranfaglia & Zunino (, p.&#;)

  46. ^Christian Bromberger (). "Football as world-view and as ritual". French Cultural Studies:
  47. ^Marco Tarozzi (April ).

    Quel record dell'Alessandria (in Italian). p.&#; ISSN&#;

  48. ^Guido Vaciago (1 March ). "Juventus, qui fabbricano vittorie fin dal "Tuttosport (in Italian). Retrieved 2 March
  49. ^Michel Desbordes () []. Routledge (ed.). Marketing and Football. An international perspective.

    London. pp.&#;– ISBN&#;.: CS1 maint: location missing publisher (link)

  50. ^Tranfaglia & Zunino (, p.&#;)

Bibliography

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    Guida all'Italia contemporanea, – (in Italian). Vol.&#;4. Garzanti. ISBN&#;.

  • Hazard, Patrick; Gould, David (). Fear and loathing in world football. Berg Publishers. ISBN&#;.