Silvio Scaglia

Who is Silvio Scaglia?

Silvio Scaglia is an Italian telecoms entrepreneur. He spent his childhood and youth in Novara, Italy. He and a group of other managers founded Italian telecommunications company Fastweb S.p.A and the web platform Babelgum. In 2007, Mr. Scaglia set up an investment firm, Pacific Capital, active both in public and private equity investment opportunities on a global scale. Scaglia was previously the majority shareholder of Fastweb S.p.A. until April 9, 2007 when he sold his 18.75% share in the company to Swisscom, which had launched a takeover bid of the company at 47 euros per share. The Swiss TLC company eventually bought 82.1% of Fastweb for a total of 3.1 billion euros.

Forbes estimates Scaglia’s wealth at 1 billion USD in 2010, making him the thirteenth richest man in Italy and the 937th richest man in the world.