Stellantis and Ferrari Chairman John Elkann and his siblings Lapo and Ginevra Elkann have reached a comprehensive settlement with Italy’s Revenue Agency to resolve a tax dispute linked to their grandmother’s inheritance, a family spokesperson confirmed Sunday.
The settlement reportedly amounts to at least €175 million ($205 million) and ends a high-profile investigation into whether the trio failed to declare taxes on assets inherited after the 2019 death of Marella Caracciolo, widow of Fiat patriarch Gianni Agnelli.
“This settlement was concluded without any admission, not even tacit or partial, of the grounds of the objections initially alleged,” the spokesperson said, adding that the move aimed to “rapidly and definitively close a painful personal and family vicissitude.”
The Elkanns are among Italy’s most prominent industrial heirs, with direct control over key Italian brands through Exor, the holding company of the Agnelli family.
While Italy’s tax authority has not publicly commented, the settlement follows a separate judicial action in Turin last year, in which nearly €75 million in assets were seized from five individuals, including the Elkann siblings, as part of the same dispute.
The case reportedly stems from a broader inheritance battle between the Elkanns and their mother, Margherita Agnelli, over the estate of Gianni Agnelli—one of Italy’s most iconic business figures.
Discussions with Turin prosecutors remain ongoing, and it is unclear if any criminal proceedings will follow.
