italian industrial family founded by Giovanni Agnelli ( 1866-1945 )
The Agnelli family ( italian pronunciation : [ aɲˈɲɛlli ] ) is an italian multi-industry clientele dynasty founded by Giovanni Agnelli, one of the original founders of Fiat drive company which became Italy ‘s largest manufacturer. [ 1 ] They are besides chiefly known for other activities in the automotive industry by investing in Ferrari ( 1969 ), Lancia ( 1969 ), Alfa Romeo ( 1986 ) and Chrysler, the latter acquired by Fiat after it filed for bankruptcy in 2009. The Agnelli kin is besides known for wangle and being majority owners of the italian Serie A football club Juventus F.C. since the clubhouse ‘s conversion to a restrict private company in 1949. [ 2 ] 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 the english-speaking earth as “ the Kennedys of Italy ” for their function in the nation ‘s contemporary history and their natural process of backing in modern artwork and in sports. [ 3 ] As of 2020, the prolong Agnelli family comprised about two hundred members. [ 3 ]

family tree [edit ]

Some noteworthy family members [edit ]

Giovanni Agnelli [edit ]

In 1899, Giovanni Agnelli ( 1866–1945 ) and a group of investors founded the company Fabbrica Italiana di Automobili Torino ( Fiat ).

Edoardo Agnelli [edit ]

Edoardo Agnelli ( 1892–1935 ), industrialist and principal syndicate stockholder of the italian car company Fiat, was the son of Giovanni Agnelli ( 1866–1945 ), the laminitis of Fiat. He had seven children, Clara ( 1920–2016 ), Gianni ( 1921–2003 ), Susanna ( 1922–2009 ), Maria Sole Agnelli ( 1925– ), Cristiana ( 1927– ), Giorgio Agnelli ( 1929–1965 ) and Umberto ( 1934–2004 ). Agnelli ‘s daughter Susanna Agnelli was the first woman to have been Minister of Foreign Affairs in Italy .

Gianni Agnelli [edit ]

Gianni Agnelli ( 1921–2003 ) was the oldest son of the industrialist and principal family stockholder of the italian car ship’s company Fiat, Edoardo Agnelli. After WWII he earned a jurisprudence degree at Turin University and his nickname was L’Avvocato ( “ The Lawyer ” ). [ 6 ] He was the capitulum of Fiat from 1966 to 2003 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 1956 he had become the “ richest businessman in modern italian history ”. [ 3 ] In the 1960s and 1970s Fiat produced millions of modest cars including bantam 500 and 600 hatchbacks. Its Mirafiori plant in Turin, built 600,000 autos a year. In the 1970s Gianni and Umberto Agnelli hired Cesare Romiti, known as Il Duro or the tough guy. [ 7 ] [ 8 ] During that time Fiat ‘s production in Italy “ peaked in 1970, when it employed well over 100,000 people there and made 1.4 million cars. ” [ 9 ] [ 10 ] [ 11 ] [ 12 ] [ 13 ] Romiti led the firm from 28 February 1996 to 22 June 1998. Romiti was implemental in the company ‘s return to profitableness during this menstruation. [ 14 ] Paolo Fresco succeeded him in the aforesaid position. [ 15 ] [ 16 ] February 1992 saw the start of the mani pulite ( Clean Hands ) judicial question into Tangentopoli, [ 17 ] [ 18 ] [ 19 ] countrywide corruptness with a big number of politicians, bureaucrats and entrepreneurs involved including senior Fiat executives. [ 6 ] In 1996 when Gianni reached the mandatary retirement long time of 75 [ 7 ] after serving a Fiat chair for 30 years, [ 6 ] Romiti replaced him as chair. [ 7 ] A year after Romiti took over as president of Fiat, he was convicted of “ having falsified ship’s company accounts, committing tax fraud and making illegal payments to political parties. ” [ 7 ] Romiti “ was one of the most outstanding people convicted since the start of Italy ‘s campaign against putrescence in 1992. ” even though Gianni Agnelli was not implicated by the magistrates, some believed that he had lacked judgment in not denouncing Italy ‘s endemic corruption and in downplaying Fiat ‘s responsibilities. [ 6 ] [ 7 ] Gianni Agnelli in fact had defended the actions of Romiti and the co-accused Francesco Paolo Mattioli, Fiat ‘s head fiscal officer. [ 7 ] A 1997 article published in The Economist quoted Gianni Agnelli assurance in the Turin Two ‘s purity and concluded that occupation attitudes among Italy ‘s knock-down ancien régime was left unchanged since the scandal of tangentopoli ( “ bribesville ” ) emerged. [ 20 ] “ Mr. Romiti and Mr. Mattioli had approved a series of slosh funds from 1980 through 1992 to provide for Fiat ‘s illegal political contributions and had falsified accounts to hide the payments. ” [ 7 ] While Fiat was a family-controlled company, Gianni Agnelli alone held the family ‘s controlling venture for closely 60 years. Fiat is an “ individual privately-owned oligopoly ”. [ 21 ] Giovanni Agnelli & C. ( GA & C ), the family ‘s limited partnership was Gianni ‘s dominate center field. [ 22 ] : 18 By 2003, when he died, “ The GA & C partnership was deserving about 1.3 billion euros, and its assets consisted of list 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. ” [ 22 ] : 18 By the time of Gianni Agnelli ‘s death in 2003, the “ Agnelli syndicate controlled Fiat through a chain of three freestanding holding companies. ” [ 23 ] Giovanni Alberto Agnelli, Gianni ‘s nephew, who died of cancer in 1997, had been in note to take restraint of the family companies. In 1997 Gianni publicly announced that his grandson, John Elkann, who was then 21, would succeed him as the question of the family empire. [ 23 ] Edoardo Agnelli, Gianni ‘s first-born son died in 2000. [ 23 ] He “ died at the age of 81, after a drawn-out struggle with prostate cancer ”. [ 3 ] At one time the Agnelli assets represented 4.4 % of Italy ‘s GDP. At the prestigious 2008 photography exhibition in Rome entitled Gianni Agnelli: An Extraordinary Life, the Agnelli syndicate and the italian government honoured L’Avvocato. Gianni Agnelli married Marella Agnelli ( 1927–2019 ) [ 24 ] [ 25 ] [ 26 ] They had one son Edoardo Agnelli and one daughter Countess Margherita Agnelli de Pahlen. According to the Independent Fiat survived the early inaugural years of the twentieth hundred thanks to “ generous government subsidies paid by italian taxpayers. ” [ 6 ] “ angstrom recently as 2002, Italy accounted for more than a third gear of Fiat ‘s tax income, and the company built more than 1 million vehicles at six plants in the nation. ” [ 9 ] Gianni Agnelli was considered to be the most outstanding spokesperson representing the italian economic elites. [ 21 ] Gianni explained his popularity in Italy by saying that he was “ always present ”. “ 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 unmanageable moments such as terrorism, and I never pulled back. In the course of our lives, of our generation, there besides have been happy moments. ” [ 19 ] : 193 Professor Gaspare Nevola of the Università degli Studi di Trento, explained that italian society celebrated a common sense of belong and national identity through corporate identification at Gianni Agnelli ‘s Funeral. [ 19 ] : 193 At the end of the 1990s Sergio Garavini claimed that, “ Fiat seems like the Austro-Hungarian conglomerate 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 sequence. ” L’Avvocato ‘s death was associated with the close of a chapter by “ commentators, politicians, and institutional representatives ”. [ 19 ] : 193

Giorgio Agnelli [edit ]

Giorgio Agnelli ( 1929–1965 ) 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 1996 .

Umberto Agnelli [edit ]

Umberto Agnelli ( 1934–2004 ) was Gianni Agnelli ‘s youngest brother. He was CEO of Fiat from 1970 to 1976. [ 27 ] When he knew he was dying and Fiat was in fiscal trouble, Gianni asked Umberto to return as Fiat ‘s CEO. Fiat had taken out a three-billion-euro lend in 2002 and was unable to pay it back. If they were ineffective to find a solution, Fiat would belong to its creditor banks. [ 22 ]

Umberto Agnelli was chair of IFIL Group, the family investment company. [ 22 ]

IFIL ‘s fatness investment portfolio included stakes in Club Méditerranée, french conglomerate Worms & Cie., and department store chain La Rinascente, and provided the family with a firm stream of dependable dividends that offset the rampantly fluctuations of profitability—and recently, loss—at Fiat. Up until 2000, IFIL ‘s profits had grown every year for 15 years, and it had paid 82.7 million euros in dividends to IFI, its parent caller, in 2000. — Clark

Umberto Agnelli was president and late honorary president of Juventus, the football team long-associated with Fiat and the Agnelli kin. His son Andrea is the stream chair of Juventus .

Margherita Agnelli de Pahlen [edit ]

Margherita Agnelli de Pahlen ( 1955–present ) the “ only daughter and sole surviving child ” of Gianni Agnelli, received an estimated inheritance of $ 2 billion when her founder, Gianni Agnelli died. In a lawsuit filed in 2007 and rejected in 2010, Margherita Agnelli asked that the “ 2004 inheritance agreement signed with her mother be annulled, claiming that it was based on incomplete information. ” [ 3 ] [ 1 ] finally filing “ a lawsuit against her father ‘s three longtime advisors : Gabetti, Grande Stevens and Marrone and her own beget, Marella Agnelli, on May 30, 2007. [ 3 ] The lawsuit demanded that Gabetti, Grande Stevens, and Marrone provide a report on her father ‘s estate “ with data pertaining to the historic evolution of the assets ” from January 24, 1993, forward. D’Antona & Partners, a Milan-based public-relations fast, provided The Wall Street Journal with news of the lawsuit before the Agnelli class was aware of it. In Turin, Italy in March 2010 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 who inherited the largest shares of the Agnelli luck .

John Elkann [edit ]

John Elkann ( 1976– ) is the president and CEO of Exor, an investment ship’s company controlled by the Agnelli kin, which controls Stellantis, CNH Industrial, Ferrari, Juventus F.C., Cushman & Wakefield and the Economist Group. In 2013 he was considered to be the global ‘s fourthly most influential coach under the long time of 40 by Fortune magazine. [ 28 ] He was chosen as successor to the family empire in 1997 by his grandfather Gianni Agnelli who died in 2003. Currently, Elkann chairs and controls the car manufacturer 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 2004 John Elkann married Donna Lavinia Borromeo, an heiress of the Borromeo syndicate. His grandma, Marella Agnelli ( 1927–2019 ) gave her shares to him to secure his see of the family conglomerate. She divided up Gianni Agnelli ‘s ( 1934–2003 ) personal assets with her daughter, Margherita Agnelli de Pahlen. Fiat once represented 4.4 % of Italy ‘s GDP. From 2001 to 2004 Fiat had lost more than 6 billion euros and was close to bankruptcy. CEO Sergio Marchionne returned the company to profit in 2005. [ 9 ] In 2009 as the U.S. automobile industry was collapsing Fiat became a trailblazer by acquiring an initial 20 % venture in the then-bankrupt Chrysler caller in a cope with the Obama administration. This saved Chrysler. [ 22 ] : 2009 [ 29 ] By 2013 Fiat was taking full control of Chrysler and merging Fiat-Chrysler into a global giant star. By 2013 Chrysler was profitable again but an article in The Economist questioned the fiscal future of the merged ship’s company. [ 29 ] In 2005, Lapo Elkann, ( 1977– ) John ‘s buddy, was forced to leave the family company because of a scandal but by 2015 was still one of the largest shareholders in the family business along with John, and their sister Ginevra Elkann ( 1979– ). [ 30 ]

kin councilors [edit ]

Gianni Agnelli ‘s longtime fiscal advisors were Franzo Grande Stevens and Gianluigi Gabetti. According to an article in the Financial Post, [ 31 ] in February 2007 Consob, Italy ‘s market regulator, fined the Agnelli family holding caller, then-called Ifil ( now known as Exor ), for engaging in a complicated illegal trade in 2005. They signed contracts with Merrill Lynch which allowed Ifil “ to retain its 30 per penny of Fiat in malice of banks in the same period converting billions of euro of debt owed to them by Fiat into equity in the company. ” [ 31 ] According to an article in the Financial Post, Gianluigi Gabetti, Virgilio Marrone and Franzo Grande Stevens, “ were suspended from holding posts in public companies for between two and six months. ” [ 31 ]

Gianluigi Gabetti [edit ]

Gianluigi Gabetti was director cosmopolitan of IFIL Group, the family investment company since 1971 and worked there as Gianni ‘s closest fiscal adviser for over 30 years. [ 22 ] : 26 When Gianni died in 2003, Umberto asked the octogenarian to return as CEO of Ifil. [ 22 ] : 27

Franzo Grande Stevens [edit ]

Franzo Grande Stevens ( 1928– ), is the lawyer of the family. In 2009 he was prosecuted for market manipulation in the equity trade of Ifi-Ifil ( now Exor ), Agnelli ‘s holding company and Fiat ‘s fiscal ship’s company. [ 32 ]

engagement in business and sports [edit ]

Stellantis, multi-national company and core business of the kin founded in 2021 after Fiat Chrysler Automobiles ( FCA ) and Groupe PSA were merged. They have besides majority operate and some engagement in several italian organizations :

La Stampa, the Turin daily paper owned by the family through GEDI Gruppo Editoriale.[22] : 17
The Economist, part of The Economist Group, the clan owns over 47% of the share.[29]
Juventus, the most renowned Italian association football club,[33] and one of world’s most successful teams[34] operated by the Agnellis since 1923 to 1943 and since 1947 to date.[35] That society between the club and the Torinese industrial dynasty is the oldest and most uninterrupted in Italian sports, making it one of the first professional sporting clubs in the country.
Juventus’ majority owners since the club’s conversion to a public limited company in 1967, since 2011 it is presided by Andrea Agnelli, grandson of Edoardo Agnelli, the first member of the family in front of the maximum club’s dirigencial charge and considered the ideologue of the Juventus Style.

References [edit ]

bibliography [edit ]