Already a member? Log In

Bulgari’s Billion-Dollar Family Feud

The Bulgari family in 2009. The daughters are now embroiled in an intrafamily legal fight.
The Bulgari family in 2009. The daughters are now embroiled in an intrafamily legal fight. Photo: Billy Farrell/Patrick McMullan/Getty Images
Eriq Gardner
January 30, 2023

Have you heard about the family drama dividing the Bulgari fashion empire? It’s an insane legal fight between two sisters, which has engulfed at least a half dozen top law firms and huge Wall Street players. Naturally, the feared litigator David Boies is involved. And now, of course, there’s a secret marriage twist.

Back in 2020, Ilaria Bulgari learned that she was the beneficiary of two trusts that had been established during her parents’ long-ago divorce. The trusts contained substantial assets, which shouldn’t be surprising given the incredible success of the nearly 150-year-old luxury brand. (In 2011, the Bulgari family sold a controlling stake of its company to LVMH in an all-stock deal worth more than $5 billion.) But Ilaria, despite receiving $40 million after her mother died, began to suspect her older sister, Veronica Bulgari, of cheating her.