The Bulgari sisters, heirs to the Bulgari fortune, have been embroiled in a legal battle over their family trust for years. The family business, which started as a jewelry business, grew into a massive fashion brand that brought the family enormous wealth. However, the trust created for their mother Anna has become a source of contention between the siblings.
Ilaria Bulgari has accused her older sister Veronica of withholding information from her about the trust. The trust, which has grown to be worth $129 million, was left to the siblings upon their mother’s death in 2019.
The sisters, along with their third sibling, have each received $40 million payouts so far. However, the dispute has dragged on in three different courts, with lawyers and accountants reviewing 15 years of financial transactions.
Ilaria is seeking to prove her allegations that Veronica has failed to completely distribute the family’s wealth, which Veronica denies. The fight has been “blanketing most of Wall Street with subpoenas,” according to court papers.
This legal battle highlights the importance of proper wealth management and planning, particularly when it comes to family businesses and trusts. It also emphasizes the need for clear communication and transparency among family members to avoid misunderstandings and disputes over financial matters.
As the legal battle continues, it remains to be seen how it will affect the Bulgari family’s legacy and the future of their wealth.