Massimiliana Landini Aleotti and her three children inherited pharmaceutical giant Menarini from her late husband, Alberto Aleotti, who passed away in May 2014 at age 91. Alberto built Menarini into one of Italy’s leading drug companies, with 14 manufacturing sites around the world and more than 16,000 employees. Revenues in 2016 were $3.4 billion. Alberto Aleotti began working at Menarini in 1964, and bought Menarini from its owners in the early 1990s. In 1992, his eldest daughter Lucia joined the company. As his health deteriorated in 2011, Aleotti handed over the reins of his empire to Lucia, who became chairman, and his son Alberto Giovanni, who became vice chairman. The Aleottis came under fire in 2010 when Italian tax authorities accused them of tax evasion, demanding a reported $1.6 billion from the family, a move judgement annulled by the Italian Supreme Court in 2013. After an initial settlement with tax authorities in 2011, Lucia, Alberto Giovanni, and their mother Massimiliana were again accused of tax evasion by Italian authorities in 2013 to the tune of $160 million, which was added to a new investigation. In September 2016, the siblings were found guilty of corruption and money laundering charges. Lucia and Alberto Giovanni were sentenced to ten and seven years, respectively. A spokesperson for Menarini told Forbes that the siblings will appeal their sentences.
Italian businesswoman Massimiliana Landini Aleotti has an estimated net worth of $10.6 billion, according to Forbes. This declined to $7.6 billion as of October 2018. Landini is the wife of the late Alberto Aleotti who passed away in 2014 at the age of 91. Following the death of her husband, Landini and her three children (Benedetta, Lucia, Alberto Giovanni) were passed on the ownership of the pharmaceutical powerhouse Menarini which is considered one of Italy’s major drug firms with a total of 14 manufacturing plants and 16,000 workers worldwide. In 2014, the medical company earned a profit of $3.8 billion. Her husband started working for the company in 1964 and he helped the firm reached international level during the 1970s and 80s before taking control over the company in the early 1990s. The firm since then has been under his wing before finally being overseen and administered by his daughter Lucia when his health began to get worse while his son Alberto Giovanni became vice chairman. In 2010, Italian taxation indicted the whole family for tax evasion and ordered the family to pay $1.6 billion but the case was ultimately annulled in 2013 by the Italian Supreme Court. Again, Italian authorities accused Landini, her daughter Lucia, and her husband Alberto of tax evasion worth $160 million in 2013 which is still ongoing to today.
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