Royal Return to The Princess Diaries 3; But where is Anne Hathaway’s ex-con Raffaello Follieri?

Disney is preparing for the long-awaited event The Princess Diaries 3fans are eagerly awaiting the return of Anne Hathaway as Mia Thermopolis, the down-to-earth teenager who became Queen of Genovia. While Hathaway’s career continues to flourish, many people may remember her previous relationship with the now infamous Raffaello Follieri, whose demise made headlines around the world. Although Hathaway has moved on, the question remains: where is Follieri today and what has he been up to since the high-profile scandal?

The Princess Diaries 3: The Royal Return

WITH The Princess Diaries 3 currently officially in development, director Adele Lim, known for her work on Crazy Rich Asians AND A joy rideis set to direct the latest installment of the beloved series. Li shared her excitement with Diversitystating, “As a die-hard fan of the original The Princess DiariesI am extremely excited to be involved in creating the third installment of this beloved series.” Anne Hathaway, who became a household name for her role as Mia Thermopolis, will return and also serve as a producer.

Since the announcement, there has been growing excitement for the continuation of Mia’s journey that began in 2001 and has now been continued: Royal engagementin 2004. But as Hathaway’s professional successes return to the spotlight, some fans are reminded of her past romantic relationships with Raffaello Follieri, a man who once seemed to embody the same fairy-tale qualities as her on-screen love interests, only because his empire grew spectacularly fall apart.

The rise and fall of Raffaello Follieri

For a while, Hathaway’s relationship with Follieri felt like her real self The Princess Diaries the hero’s turbulent life. The charismatic Italian businessman Follieri wooed Hathaway with grand gestures, vacation trips and expensive gifts. According to Daily Mail.Hathaway often called Follieri “a god” and was captivated by his charm and apparent success. Follieri, who claimed to have close ties to the Vatican, quickly gained the trust of investors and used this clout to finance a lavish lifestyle with Hathaway at his side.

But in 2008, the fairy-tale romance came to an abrupt halt when Follieri was arrested on multiple charges of fraud, conspiracy and money laundering. His fraudulent schemes, which became known as the “Vati-Con” scandal, involved misappropriating funds from investors, including billionaire Ron Burkle, under the guise of purchasing Catholic Church properties in the United States. As his empire fell apart, Hathaway ended their relationship just before Follieri’s arrest, and they never spoke again. Follieri was sentenced to four and a half years in federal prison for his crimes, it said Daily Mail. .

Life after prison: a new chapter for Follieri

After serving his sentence, Raffaello Follieri was deported to Italy in 2012, where he disappeared from the public eye. But his story didn’t end there. In recent years, Follieri has re-emerged in the business world, rebuilding his fortune and reputation. According to New York WeeklyFollieri has reinvented himself as a visionary entrepreneur, especially in the green energy sector. As CEO of F Holding UAE/Follieri Capital Limited, Follieri led major renewable energy initiatives, focusing on electric vehicle chargers and hydrogen technology, positioning his company at the forefront of sustainability efforts. His work in this field not only helped to rebuild his professional reputation, but also brought him significant success, with the market capitalization of his company reaching EUR 150 million.

Follieri’s operations currently span Italy, Greece and the Middle East, with a diversified portfolio in the energy sector. His focus on innovation and sustainability reflects a marked shift from his previous real estate career, demonstrating his ability to adapt and thrive in an ever-changing business landscape. As reported New York WeeklyFollieri’s leadership has positioned his company as a global player in the transition from fossil fuels to renewable energy sources, underscoring his commitment to driving positive change.

Visionary in business and sustainable development

Born and raised in Italy, Follieri began his academic journey at the prestigious University of Roma La Sapienza, which laid the foundation for his future endeavors. In 2002, he founded the Follieri Group with his father, gaining fame in the real estate industry in the United States. However, it was his involvement in the green energy space that ultimately marked the next phase of his career.

As CEO of Follieri Energy, he led the company towards innovation in electric vehicles and green technologies. Its commitment to sustainability is reflected in the company’s focus on renewable energy, which not only solves pressing issues related to climate change, but also positions Follieri as a pioneer in this critical sector.

In 2022, Follieri made headlines again when he sold his minority stake in BLS LTD for a staggering €1.5 billion, further cementing his status as a powerful figure in the business world. In addition, his ventures into rare metals trading, especially the rare earths market, have established his reputation in the global commodities market. Follieri has significant holdings in the rare earths sector worth around €30 billion, according to data New York Weekly.

A new chapter, but the past remains

Despite his business successes, Raffaello Follieri’s past still casts a shadow. In an interview with Page sixFollieri claimed he was in negotiations to buy a 50% stake in Italian soccer club Foggia Calcio, although representatives for former investor Ron Burkle quickly denied any involvement. Follieri’s claims have been dismissed as fabrications, raising questions about whether his newfound success is free from past controversies.

Nevertheless, Follieri remains undeterred in his pursuit of business ventures. According to NY Weeklycontinues to expand Follieri Energy’s geographic footprint in Europe, the Middle East and Africa, with plans to list on the London Stock Exchange in the near future.