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Calisto Tanzi Cause Of Death

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Calisto Tanzi Cause Of Death

Calisto Tanzi Cause Of Death – Calisto Tanzi was an Italian businessman and convicted fraudster.

Calisto Tanzi founded Parmalat in 1961, after dropping out of college. However, Parmalat collapsed in 2003 with a €14bn hole in its accounts in what remains Europe’s biggest bankruptcy.

Calisto Tanzi Cause Of Death

In 2008, Calisto Tanzi was found to have embezzled an estimated €800 million from the company and was jailed for fraud and despite being sentenced to up to 18 years in prison, Tanzi served just over two years in jail and then was placed under house arrest.

In 2001, Calisto Tanzi was listed by Forbes as a billionaire with a net worth of roughly $1.3 billion.

calisto tanzi

image credit: bloomberg.com

In December 2009,  the Italian authorities announced that they had seized nineteen works of art belonging to Calisto Tanzi, which had been concealed at the houses of his friends. The works of art were said to be valued at over €100 million and included paintings and drawings by Picasso, Monet, and van Gogh. However, Tanzi denied owning any hidden works of art.

Parma Prosecutor Gerardo Laguardia, said that officials had acted quickly to seize the pictures after discovering that they had been offered for sale. The authorities said that Stefano Strini, Calisto Tanzi’s son-in-law, was being investigated for allegedly handling the artwork.

 On 29 October 2019, Calisto Tanzi’s art collection was auctioned off in Milan and it included artworks by globally acclaimed artists such as; Balla, Gauguin, Cézanne, Kandinsky, Matisse, Modigliani, and van Gogh.

Calisto Tanzi Cause Of Death

Calisto Tanzi died of pneumonia in a Parma hospital on 1 January 2022, at the age of 83



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