 In 1991, Caracciolo and his wife Violante Visconti purchased the Torrecchia Vecchia estate, and subsequently developed its villa with architect Gae Aulenti, around which they created a notable, English-style garden to designs by Dan Pearson and others.In 2007, a year after he retired from the Espresso Group to become its honorary chairman, he bought a 33 percent share in the French newspaper Libération.He died in Rome, aged 83.