Hundreds of people gathered outside the presidential palace in Rome to witness the end of Mr Berlusconi's 17-year domination of Italian politics.
The 75-year-old and his family have built a fortune estimated at $9bn (£5.6bn) by US business magazine Forbes.
His business acumen - with an empire spanning media, advertising, insurance, food and construction - was sufficient evidence for many Italians of his ability to run their country too.
But since he took power again in 2008 the economy has come under increasing strain, dogged by slow growth and a national debt of 1.9tn euros (£1.7tn; $2.6tn).
How could one person dominate for so long a country on its knees on the verge of dragging others down with it? Why do systems allow this? Why do we as voters allow this? The exposure of our banks to Italian debt is some 60 billion - or so I understand?
Is there a moral here?
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