Read the complete write-up of Silvio Scaglia’s net worth, age, wife, children, height, family, parents, and business as well as other information you need to know.
Introduction
Silvio Scaglia is a Swiss-Italian media and technological entrepreneur. He is the founder of Fastweb, an Italian telecommunications company. He also founded Freedom Holding (formerly Pacific Global Management Group), a holding company that controls the Elite World Group. In 2020 he founded SHS Management, an AI-powered asset management company.
Early life
| Name | Silvio Scaglia |
| Net Worth | $1.5 billion |
| Occupation | Businessman, Entrepreneur |
| Height | 1.73m |
| Age | 64 years |
| Wife | Julia Haart |
Silvio Scaglia Haart was born on October 14, 1958 (age 64 years) in Lucerne, Switzerland. He studied at the Polytechnic University of Turin, where he graduated in 1983 with a degree cum laude in electronic engineering. He stands with an appealing height and has a good body weight that suits his personality.
Career
After graduation, Silvio Scaglia began working at Aeritalia Spazio, where for a time he worked on the Tethered satellite project in partnership with NASA and Martin Marietta, an American aerospace company. Following his position at Aeritalia Spazio, Scaglia worked for Andersen Consulting as a programmer and then project manager for three years. In 1986, Scaglia joined McKinsey & Company, a worldwide management consulting firm, where he worked for automotive industry clients in Germany and in Italy. Scaglia also served as a consultant for Italian motor vehicle manufacturer Piaggio & C. SpA.
During the early 1990s, Scaglia became general manager for Piaggio’s Spanish subsidiary, working alongside Italian industrialist Giovanni Alberto Agnelli. He was later appointed Senior Vice President at Piaggio, where he led the relaunch of the business outside Europe and re-established the company’s presence in China, India, and Latin America under the leadership of Agnelli.
Silvio Scaglia joined Omnitel as CEO in 1995, where he led the start-up of the company after they had received the second mobile telephone license in 1994. Scaglia served as CEO of Omnitel until 1999.
During his time at Omnitel, Scaglia understood that the technology was now ready to create a fully integrated IP telecommunications network. In July 1999, Scaglia launched e.Biscom along with financier Francesco Micheli and other executives. It was founded with the intention of developing a fully IP, triple-play, fiber-optic network in Italy. e.Biscom became the first operator in the world to use full IP technology to bring fiber-optic networks to both business and residential clients and launch home telecommunication services.
Check Out: Julia Haart Net Worth
In March 2000, e.Biscom went public on the Italian New Market Stock Exchange to expand and finance their fiber-optic network in major Italian cities. The IPO of e.Biscom was the second most successful in Italian history. The company reached a valuation of over 10 billion euros and raised 1.6 billion euros which were fully invested to develop Fastweb’s network nationwide.
Scaglia was featured on the cover of Forbes Magazine in January 2001, in recognition of Fastweb’s contribution to telecommunications technology. In 2003, Scaglia was named on the Time Magazine list of most influential innovators in the new technology. He was the only Italian to appear on the “tech survivors” list, a list of fifteen innovation gurus who weathered the boom of the new economy.
In 2004, e. Biscom announced a merger with Fastweb. The merger was finalized by the end of April 2004. e.Biscom took on Fastweb’s name, and focused on its core business, creating broadband telecommunications on the Italian landline network.
By 2006, Fastweb was Italy’s leading alternative broadband telecommunications provider, with over one million customers and annual revenue of €1.26 billion. Fastweb was the first company in the world to develop a network entirely based on Internet Protocol (IP) – a system that moves digitalized telephonic communications through routers rather than through traditional telephone exchange allowing voice, broadband data, and video to share the same network.
It was also the first company in the world to develop a public network using fiber optics for retail consumers. On March 12, 2007, Swisscom, the Swiss telecommunications provider, offered 5.7 billion Euros to acquire Fastweb.
On April 10, 2007, Silvio Scaglia, Fastweb’s majority shareholder, sold his shares in the company, equivalent to 18.7% of the company’s share capital, to Swisscom. Scaglia remained at the company as an administrator of the Board of Directors before leaving on June 19, 2007.
Silvio Scaglia founded Babelgum on March 5, 2007, an interactive television platform offering free, high-definition video content on-demand. He described it as “a kind of professional alternative to YouTube.” The company aimed to combine the “immersive viewing experience” and visual quality of traditional television with the features made possible by the internet.
On September 1, 2007, Babelgum launched the Babelgum Online Film Festival, the first global online film festival dedicated to independent film. Viewers voted for the shortlists while a professional jury, chaired by Spike Lee, selected the winners. Lee said the platform was an innovative format for young filmmakers to showcase their talents. However, in 2012, after interrupting activity due to Scaglia’s legal issues, Babelgum went into liquidation and the platform was shuttered.
Elite World
Silvio Scaglia acquired Elite World Group in 2011, the largest international network of model management agencies and the world’s first talent media network.
In the years immediately following its acquisition by Scaglia, Elite World Group saw a significant boost in its business: with a new focus on digital marketing strategies and strategic acquisitions, the company was well-positioned for growth.
It was the first international network of modeling agencies to open an office in China, in Shanghai, in 2012. In 2013, Elite World Group launched The Society Management New York. In that same year, it acquired Women Management in both New York and Paris.
On June 4, 2013, Scaglia’s SMS Finance firm won a bid to acquire lingerie and fashion brand La Perla with an offer of 69 million euros. In an interview with daily La Repubblica, he said, “After Omnitel and Fastweb I will personally give La Perla my all: for me, this is a personal challenge I am firmly committed to” attempting to quash the doubts raised over the genuineness of his interest in supporting La Perla.
Under Scaglia’s leadership, La Perla underwent significant brand repositioning which despite a rise in sales, left the company unable to recoup the capital invested. In February 2018, La Perla w as sold to Sapinda Holding BV.
In 2016, through his Pacific Capital investment fund (now Freedom Holding Inc.), Scaglia invested in Yewno, the “discovery platform” developed by Ruggero Gramatica through contributions from Stanford University.
In 2020 Scaglia founded SHS A.M., a knowledge-based, quantitative asset management company. Between 2010 and 2013, Scaglia was wrongly accused of fraud. He was ultimately acquitted of all charges that Giancarlo Capaldo, a public prosecutor in Rome, had leveled against him.
Fastweb investigation – Telecom Italia Sparkle
As former CEO of Fastweb, Silvio Scaglia was under investigation for the crime of “conspiracy to commit tax fraud” in the Fastweb-Telecom Italia Sparkle investigation. The alleged tax evasion crimes, brought on by various paid service operators who used the Fastweb and Telecom Italia Sparkle networks, were said to have occurred between 2005-2006.
On February 23, 2010, the Rome judge overseeing preliminary investigations issued a preventive detention order for Scaglia, among others, in response to a request by the anti-mafia public prosecutor’s office. Through his lawyers, Scaglia agreed to come in for questioning and returned to Italy on a private flight from Antigua on February 26, 2010.
On November 23, 2010, the trial began. On February 24, 2011, after nearly a year of preventive detention, Scaglia was released on the order of judges of the First Penal Section of the Court of Rome. On October 17, 2013, the same court issued a sentence acquitting Scaglia of all charges and establishing his “complete non-involvement in the matter.”
On September 27, 2017, Rome’s Court of Appeal upheld the acquittal of Silvio Scaglia in agreement with the 2013 verdict of the First Penal Section of the Court of Rome. The national press largely reported on the incident, qualifying the court case as “unjust” and a process that “damaged the national economy”.
On 27 October 2013, Scaglia’s judicial ordeal was quoted by the soon-to-be prime minister Matteo Renzi at the Leopolda meeting in Florence as an injustice that should no longer occur.
Wife
Silvio Scaglia is married to Julia Haart, they had their wedding in 2019. Elite World Group is led by Scaglia’s wife, Julia Haart, and represents thousands of talents, and she is also a fashion designer. However, Silvio Scaglia’s first wife is Monica Aschei. He announced his intention to divorce in 2017 which was finalized in 2018.
Scaglia has three adult children from his first marriage. His oldest, Chiara Scaglia, was previously in a leadership position at La Perla and continues to work in the fashion industry. Scaglia is married to Julia Haart. He took on her last name.
Silvio Scaglia net worth
How much is Silvio Scaglia worth? Silvio Scaglia’s net worth is estimated at around $1.5 billion. His main source of income is from his career as a businessman and entrepreneur. Scaglia’s successful career has earned him some luxurious lifestyles and some fancy cars trips. He is one of the richest and most influential people in Switzerland.