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Thursday, July 24, 2014

Italy's Richest Woman With A $10.4B Fortune Controls Menarini Group, But The Tax Man Is After Her

Italy’s pharmaceutical industry has given rise to the country’s wealthiest woman.  Massimiliana Landini Aleotti and her three children, currently running Menarini, Italy’s leading pharma company, have emerged with a fortune of $10.4 billion.  While the heirs were already in charge of operations, control of Menarini is set to be inherited from the late Alberto Aleotti, who was born into poverty and rose to become one of Italy’s most prominent businessman.  While their story is one of entrepreneurial success in a difficult nation for business, one issue could taint their reputation: the Aleottis have been accused by Italy’s tax authorities of hiding nearly $1.8 billion in Liechtenstein.

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