Creditors have seized 10 million euros of assets from indebted 50-year-old Instagram star and playboy Gianluca Vacchi, Italian newspaper Il Resto del Carlino reported on Wednesday.
The assets impounded by Banco Bpm include yachts, villas and shares, including in the Casalunga di Castenaso golf club near Bologna, the daily said,
Vacchi, the son of a Bologna packaging magnate, may have debts of up to 60 million euros including an unrepaid loan of 30 million euros to Vacchi's holding company First Investments, the daily said.
The tattooed fitness fanatic is believed to be paid five million euros a year by the Vacchi family's firm IMA, of which he is a director.
Vacchi has 12 million followers on Instagram and is known for his catchword #Enjoy and his penchant for enjoying the highlife with much younger girlfriends.
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