He obtained a degree in Economics and Business administration from the Bocconi University of Milan in 1971.

[1][5] In 2001, he acquired a controlling stake in Telecom Italia's main holding, became chairman of the company, and attempted to sell it to the Mexican telecom mogul Carlos Slim.

[6] In 2015, he led the 7-billion dollar takeover of China National Chemical Corporation on Pirelli.

[6] He negotiated to remain executive vice-chairman and CEO of the tire company.

[2] He was previously married to the journalist Letizia Rittatore Vonwiller.