In Turin, Gianni Agnelli’s inheritance returns to court. A 1998 will, revealed by Margherita Agnelli, reopens the battle over who truly controls a $14.2 billion empire.

The fight over the Fiat patriarch’s inheritance has reignited the Agnelli dynasty. The 1998 document, now presented by Gianni’s daughter Margherita, grants 25% of Dicembre — the holding that concentrates the clan’s jewels: Stellantis, Ferrari, and Juventus — to his son Edoardo. But there’s a catch: Edoardo died in 2000, two years before his father. This revelation collides directly with the 1996 will, which had already assigned the same share to grandson John Elkann.

After Gianni’s death in 2003, his widow Marella Caracciolo executed the 1996 arrangement and handed John the majority command. That move secured him today as chairman of Stellantis and controller of Exor, the holding that shapes the destiny of strategic brands for Italy and Europe.

Margherita insists the 1998 letter reflects her father’s true final will. She questions the validity of the 2004 settlement, which she claims unfairly excluded her children from her second marriage. John’s lawyers, however, argue that the division is final, and that the document is invalid — another maneuver to destabilize succession.

The battle, therefore, goes beyond figures. It’s about narrative, legitimacy, and the control of global icons. What’s at stake is not just inheritance, but the continuity of a dynasty that has always blurred the line between private power and public interest.

The real asset isn’t money. It’s the command of the narrative.

Families don’t fight over value. They fight over symbols.