(TIML NEWS) A Romanian billionaire was killed — along with his wife, son and five other people — when the plane he was piloting crashed into a building in Italy on Sunday, local media reported.

Dan Petrescu, 68, one of the richest men in his home country, was operating a single-engine Pilatus PC-12 that was seen in flames before it slammed into an office building undergoing renovations in San Donato Milanese, a town southeast of Milan, authorities said.

The fatal wreck took place minutes after the plane took off from Milan’s Linate airport at about 1 p.m., according to aviation agency ANSV, which has opened an investigation.

The plane’s black box has been recovered, the Corriere della Sera newspaper reported, citing
deputy prosecutor Tiziana Siciliano.
Petrescu headed a major construction firm and owned a string of hypermarkets and malls.