Romanian Billionaire Petrescu Dies in Plane Crash Near Milan

Police and rescue teams outside an office where a small plane crashed near Milan, on Oct. 3. 

Photographer: Miguel Medina /AFP/Getty Images

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Romanian billionaire Dan Petrescu died in a plane crash near Milan on Sunday, according to Italian media reports.

Petrescu, 68, was reported by Romanian media to be one of the richest people in his native country, with personal net worth of over 1 billion euros ($1.2 billion).