Silvio Scaglia’s profile picture

Silvio Scaglia

Silvio Scaglia’s profile picture
Net worth 2018: $1 Billion
Industry: Other
Country: Italy
Children: 3
Education: Bachelor of Arts / Science, Polytechnic University of Turin
BIOGRAPHY

Silvio Scaglia was born in Italy. Telecom titan facing legal trouble: Italian authorities allege he, along with more than 50 other people, were part of $2.7 billion money laundering and tax-evasion scheme: Scaglia claiming innocence. Founder and former head of Fastweb, a broadband telecom company that delivers voice, Internet and television over a single broadband connection. Long considered a takeover target, Scaglia had insisted there were no plans to sell; $4.2 billion purchase offer from Swisscom in 2007 was apparently too tempting to resist. Before founding Fastweb in 1999 he was chief executive of wireless outfit Omnitel, now Vodafone Italy.

NET WORTH STATISTIC
2010

$1 Billion

2018

$1 Billion

TIMELINE
2017

On September 27, 2017, Rome’s Court of Appeal upholds the acquittal of Silvio Scaglia in agreement with the 2013 verdict of the First Penal Section of the Court of Rome

2016

In June 2016, Startupitalia wrote that “Yewno has offices in London and Silicon Valley and is composed of a group of entrepreneurs, engineers and data scientists

2013

On 27 October 2013, Scaglia's judicial ordeal has been cited by Mr

2012

It was the first international modeling agency to open a Chinese office, in Shanghai in 2012

2011

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

2010

Through his lawyers, Scaglia agreed to come in for questioning, and he returned to Italy in the night between February 25 and 26, 2010, on a private flight from the AntillesOn November 23, 2010, the trial began

2007

The case was dismissed by the judge overseeing preliminary investigations on May 22, 2007

2005

The alleged crimes were said to have occurred between 2005-2006 and concerned ostensible VAT evasion regarding activities by various paid service operators which used the Fastweb and Telecom Italia Sparkle networks

2004

In December 2004 the merger between Fastweb and its parent company e

2003

In 2003, Time included Scaglia in its list of most influential innovators in the new technology sector

2001

In 2001, Forbes put Silvio Scaglia on the cover of its January issue, a tribute to Fastweb’s rapid ascent in the world of technology

1996

A few months later, in mid-1996 – after Francesco Caio left Omnitel, having been scouted by Franco De Benedetti to run Olivetti – Scaglia took over Caio’s role as chief executive officer of Omnitel, a position he held until 1999 (when Olivetti sold Omnitel, and Scaglia left the company to found Fastweb)

1995

In 1995, as he prepared to move to Singapore with his family, Scaglia received an offer to work for the Omnitel Pronto Italia “start-up,” which by then had become Telecom Italia’s top competitor in mobile phones; it is now known as Vodafone

1994

In 1994, Omnitel Pronto Italia obtained a mobile telephone license that allowed it to compete with Telecom Italia Mobile

1990

At the start of the 1990s, he became logistics manager for Piaggio’s Spanish subsidiary, working alongside Giovanni Agnelli

1983

Through its well-established Elite Model Look competition, since 1983 the firm has launched the careers of some of the industry’s most famous and successful models

1972

Founded in 1972 in Paris, Elite is the world’s largest international network of model management agencies

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