Berlusconi’s income fell 87 pc in one yr due to media company’s struggles

Silvio Berlusconi’s annual income went down from 46 million dollars to 6 million dollars from 2011 to 2012.

According to La Repubblica, the 77-year-old politician’s income dropped after the shares of the media company Mediaset that he owns reached an all-time low of 1.61 dollars in late 2012 before rebounding last year, The Hollywood Reporter reported.

The company that is one of Europe’s largest media conglomerates started strong in 2014, and reached a nearly three-year high of 5.81 dollars last month before losing steam in recent weeks. (ANI)