Costs and Finances of the Swedish Royal Family

[Blog Real]

In "short":
A reformed honours system with the awakening (?) of the dormant Order of the Sword and the Order of the Vasa who together will the extant Order of the Polar Star will be awarded to both Swedish and foreign citizens. Since the number of medals awarded by the State has been decreasing the authorities are encouraged to reverse this development and be more generous in handing them out. Nominations to award the orders will be open to the public. The regulations regarding the Order of the Seraphim are not subject to change. The reformed honours system are suggested to take its start on 1 January 2023.

The 3 flag days on the royal name days and the birthday of the spouse of the monarch will be abolished at the death of King Carl Gustav while the day of the Election to the European parliament are suggested as a new flag day.

The Court has agreed to a more transparent account of how the state funds are used and will among other things separately account for the amount awarded to each member of the Royal family that receives a part of the appanage.

The report thoroughly investigates the different point of discussions on the forums since 2019 such as the the king's right to rule over his house, what differentiates Konungahuset - Kungliga huset - Kungafamiljen and finds that he was clearly within his rights to do so.

Konungahuset - everyone in the line of succession
Kungliga huset - The monarch, those closest to the throne in the line of succession and their spouses
Kungliga familjen - those in the line of succession, their spouses and some members of the House of Bernadotte without succession rights

The monarch are as master/mistress of their house free to regulate titles, styles, orders and conditions for those within the line of succession in this new interpretation of the Royal house as long as it doesn't clearly contradict the constitution. Regarding the orders there are apparently also a few regulations in the Order chapter that allows for example Prince Julian to receive the Order of the Seraphim.

The appendix to the report is a very thorough and deep digging into the history, form and present state of the monarchy, the development of the royal prerogative and the transfer of power from the king => the king in council => parliament and government. 444 pages long it quotes many sources from Emperor Justinian, the ancient, in some cases pre-medieval Swedish provincial laws to modern day laws and their pre-works.

For those who either read Swedish or want to go at the SOU with a translation service LadyFinn has included links to both the report and the appendix in her previous post.

Very grateful for the explanation.
Are these reforms good for the monarchy?

 

[JR76]

Very grateful for the explanation.

Are these reforms good for the monarchy?

If approved by parliament it will remove a lot of the criticism often directed at the court, but I'm sure those who want to will only find other things to complain about. That said I find that transparency and a clear and consistent regulatory framework will benefit the monarchy.

 

[LadyFinn]

Jenny Alexandersson at Aftonbladet, she has got Margareta Thorgren's comments to the new model about reporting of the use of the apanage.

A report suggests that the king should report how he distributes the money within the family. The Royal Family is regularly criticized for not being open enough about how the money is used. Margareta Thorgren says that the King views the change positively:
- The King is positive that a clear framework is being created. It is important to understand to what the apanage is actually used for, says Thorgren.
The court's annual report has only showed how much money, for example, goes to travel and entertainment. It has also not been revealed what are private costs or costs that are included in the royal assignment.
Now there will be increased transparency in the economy. The King should report who in the family is allowed to take part of the money and how much. The court must also give examples of the types of expenses. A similar system is already used in the Danish royal family and to some extent the Norwegian one.
- This is done to clarify which people in the royal family are covered by the apanage, says Björn von Sydow, chairman of the committee.
The report comes as no surprise to the king. Thorgren says that during the entire time that the committee has been working, officials from the court have been available.
- We have a consensus on clarity and transparency. The new model formalizes and increases transparency about how the apanage is already handled today.
Kungen ska redovisa kungahusets ekonomi - ny utredning

 

[LadyFinn]

Svensk Damtidning:
From training maniac, to entrepreneur and gym owner - and finally full-fledged successful businessman.
Since 2019, Daniel's company has made dividends of more than SEK 20 million. He managed to sell large holdings in his gyms before the pandemic hit the industry hard. In recent years, Daniel has increasingly left the training industry and made a number of financial decisions that, with looked at the results, have proved to be quite right. When the numbers have pointed in the wrong direction, he has quickly left the ship and relocated his capital so that red numbers have turned into green.
Three years ago Daniel sold his shares in the luxury gym chain Balance with three facilities. The price tag for the deal was kept secret.
In 2019, Daniel sold half of his holdings in Master Training, the gym where it all began. Together with the other two co-owners in the company Lapada AB, the shares in the gym were sold for SEK 30 million.
In 2019 and 2020, a total of SEK 22.5 million was paid out in dividends to Daniel and the two co-owners.
Daniel invests in other companies with his own company Fornwij AB. The share dividends Daniel has picked out in recent years give an indication that he has plenty of capital to move around with.
According to the court's treasurer Jan Lindman, the development in recent years has been good. Lindman says that Daniel doesn't focus on any particular industry but invests widely, in both listed and unlisted companies. So far they have only invested in Swedish companies, preferably with a strong entrepreneurial management.
- We are hopeful for the future and hope the investments will develop well, he says to Svensk Damtidning.
Daniel owns Lapada AB with Lars Hellström and Patrik Vrbanc. Together with them, Daniel still owns 43 % of the shares in Master Training, which means that he has some influence over the company.
Patrik Vrbanc is also the main owner of Master Training and not just a business partner but a very close friend. In 2019, Daniel spoke candidly about Patrik's family's journey, which began when his parents arrived in the 1960s as labor migrants from Yugoslavia and began working at Volvo's factory in Köping. The friendship with Lars Hellström also goes back a long way.
Daniels okända förmögenhet! Arvet efter lyxgymmen – på över 20 miljoner _*Svensk Dam

 

[LadyFinn]

Expressen:
Prince Daniel's huge win - picks out 10 million
For a long time, Daniel has let his millions work in his own owner company Fornwij AB. But in November, he took out an unexpected dividend of SEK 10 million. What he will use them for is a secret.
- I don't know what he does with the money and it is not something we usually comment on. It concerns the private sphere, says court treasurer Jan Lindman.
The current dividend of SEK 10 million refers to the financial year 2020 - an unusually successful year for Daniel's company.
In 2019, his partly owned company Lapada had sold half of its holding (SEK 30 million) in Master Training. The timing was just right. Shortly after the sale, the pandemic took off and the gym industry was hit hard. Lapada's equity rose from SEK 4.8 million to just over SEK 30.7 million.
The decision on the dividend was made at an extra shareholders' meeting on 23 November, stated in a document that the Royal Court has sent to the Swedish Companies Registration Office.
It is unusual for Daniel to take dividends from his company. Since the formation of Fornwij in 2010, it has only happened once. In 2016 he picked out SEK 2.2 million.
- Yes it is true. He rarely takes out any dividends from the company, says Jan Lindman.
The shareholders' meeting resolved to distribute SEK 12.5 million to its shareholders. Daniel's company Fornwij is the largest shareholder in Lapada with 70% and SEK 8,875,000 ended up in Daniel's company. Last year, Fornwij AB made a profit after net financial items of SEK 8,118,300.
Lindman says that Daniel has several ideas for new investments without going into what these are. Like the rest of the royal family, Daniel is focused on investing in Swedish companies. The investment strategy is based on balancing risks in different companies with the possibilities for good returns.
Lindman says that it's too early to say how things went for Daniel's company in 2021, but it's clear that the company enjoyed the general rise in the stock market. The broad Stockholm Stock Exchange rose by 39% in 2021.
Prins Daniels oväntade uttag – plockade hem tio miljoner

Prince Daniel was previously what many would describe as an ordinary guy from Ockelbo. But his interest in exercise and health made him a prince of Sweden - but also a multimillionaire.
Prins Daniels stora miljonregn innan sjukdomen _*Svensk Dam

The responses from those who have been asked to respond to the referral A modern reward system, the general flag days and the presentation of the grant to the court. The responses must have been received by the Ministry of Justice no later than 22 December 2021.

The response of the Royal Court
https://www.regeringen.se/4b136c/co...85eb6fb73a/kungl.-hov--och-slottsstaterna.pdf

All responses
Remiss av SOU 2021_74 Ett modernt belöningssystem, de allmänna flaggdagarna och redovisningen av anslaget till hovet - Regeringen.se

 

[Tatiana Maria]

Very grateful for the explanation.
Are these reforms good for the monarchy?

If approved by parliament it will remove a lot of the criticism often directed at the court, but I'm sure those who want to will only find other things to complain about. That said I find that transparency and a clear and consistent regulatory framework will benefit the monarchy.

Compared to the rather open-ended announcement in 2018 about investigating reform of the royal house and its funding, the royal house seems to have gotten off lightly, given that increased transparency was the only new restriction. The monarch's legal prerogatives over the distribution of funds, membership of the royal house, representational roles, etc. were not diminished or abolished, nor has the government attempted to introduce parliamentary review of those decisions. And Parliament also agreed to younger children and their spouses remaining working members of the "firm", which is a more magnanimous policy than in many other European royal houses. (Although, if I were advising the Crown Princess Couple, I would still recommend that they bring up Prince Oscar with an eye on the possibility of an outside career, as there is no predicting the public or the government's attitudes in 20-60 years' time.)

 

[LadyFinn]

The royal family will receive 149 million - taxpayers will have greater transparency
Treasurer of the Court Jan Lindman says that they think it is a sign of the times that they should be able to be more open. But with respect for private integrity in this case, and therefore they think it is good to take this step now. The royal family thinks it's good. They think it creates clear guidelines and a framework around this.
In this year's budget, the Head of State will receive just over SEK 149 million. About half goes to the Palace Administration, for the care of the eleven royal castles, among other things. The other half goes to the Court Administration, which finances the King's activities and the royal family's costs linked to the royal mission.
The amount of the various members of the royal family will not be reported, nor what the money is used for.
But in the annual report in April, there will be for the first time three different framework amounts: one for the royal couple, one for Crown Princess Victoria and Prince Daniel and one for Prince Carl Philip and Princess Sofia. The largest sum goes to King Carl Gustaf and Queen Silvia. Princess Madeleine and Christopher O'Neill live abroad, and will not receive a frame budget.
Lindman says that in the annual report, there will also be examples of what kinds of expenses the royal family receives compensation for. It is part of their housing costs on their private housing, which in this case is the palaces. There are some transportation costs, some security costs, there are clothes for public representation. The grant will cover living expenses, but not certain expenses that are completely private, private cars or private boats or investments in real estate or shares. The model is the Danish royal family.
Kungafamiljen får 149 miljoner*– skattebetalarna ska få större insyn - Nyheter (Ekot) _ Sveriges Radio

 

[Tatiana Maria]

Thank you for the translation; it will be interesting to see how the promised improvement in transparency plays out.

I don't understand this portion of the article: Will the amounts be allocated to a specific member/couple or not?

The amount of the various members of the royal family will not be reported, nor what the money is used for.
But in the annual report in April, there will be for the first time three different framework amounts: one for the royal couple, one for Crown Princess Victoria and Prince Daniel and one for Prince Carl Philip and Princess Sofia. The largest sum goes to King Carl Gustaf and Queen Silvia. Princess Madeleine and Christopher O'Neill live abroad, and will not receive a frame budget.

 

[JR76]

Thank you for the translation; it will be interesting to see how the promised improvement in transparency plays out.



I don't understand this portion of the article: Will the amounts be allocated to a specific member/couple or not?

Three different amounts will be allocated to the three different couples with examples of what these amounts have been used for, but without exactly specifying the costs it's been used to cover.

 

[tommy100]

Ah so now I get the Danish reference - we know each year what The Queen gets for he allowance, The Crown Prince & Crown Princess get for theirs and what Prince Joachim gets for his. "Official costs" are broken down somewhat but private costs are not.
It will be interesting to see who gets what amount - I guess CP and Sofia's will be much smaller than the Crown Princess couple and of course the King & Queen's.

 

[LadyFinn]

Article in finnish Hufvudstadsbladet today
Dad the king pays but to whom? - the Swedish court will be more open
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The Royal Court published its Annual Report 2021 today
https://www.kungahuset.se/arkiv/nyheter/2022-04-26-hovets-verksamhetsberattelse-for-2021

At the report it is said:
"Of the total grant to the Royal Court is allocated annually, after decision of the King, a small part in the form of a framework amount
to Him as head of state and to such members ofnthe Royal House that perform official commitments on behalf of the Head of State."
"During the year, the Royal Court Administration and the Palace Administration received SEK 144.9 million (142.9) in ordinary grants from the Swedish Parliament. In addition, the government for 2021 granted a grant level increase of SEK 3 million to be used by the Palace Administration, which gave a total grant of SEK 147.9 million."

At the report the framework amounts of money to the members of the Royal Family are
The King and Queen - SEK 8 million
The Crown Princess Couple - SEK 4,5 million
Prince Carl Philip and princess Sofia - SEK 1,1 million
This sum includes
- part of the costs of accommodation at the royal residence, including certain household services,
- part of car and transport costs,
- certain security costs,
- clothing for official representation,
- other private costs.

The King and Queen received SEK 8 million, Crown Princess Victoria's family received SEK 4.5 million and Prince Carl Philip's family SEK 1.1 million. That the children do not get as much, Princess Madeleine also gets nothing at all, has its reasons.
- This is because they have completely different roles, and what costs are compatible with these roles. Otherwise, it may be said that in an ordinary family, the children should receive the same amount of money, but that is not the case here, says the Treasurer of the Court Jan Lindman.
He describes this money as additional costs of a private nature that they have in the extension of their mission. It is largely a matter of, in the absence of an ordinary salary, paying for one's everyday life, albeit a financially more luxurious everyday life than for the average man. It can be part of their housing costs, on Drottningholm and Haga, but also clothes for official representation.
- And you understand immediately that there are higher costs for the ladies than for the men, says Jan Lindman.
The main rule is that everything must be reported with invoices and receipts.
- Ultimately, it is the king who decides the size and distribution of the framework amount, but he gets a basis from the finance department to decide on, says Lindman.
The model for the new more open report, which is based on the Riksdag's order, is the Danish Royal Family.
In addition to the apanage, the royal family also has a private fortune, the size of which is secret. Purchases of private cars, boats and properties are paid for by own inherited money.
- Basically, it (the private fortune) comes to a fairly large extent, as far as we have been able to investigate, from Karl XIV Johan, but also from some married princesses in the 19th century, says Jan Lindman.
Nya siffror_ Så mycket får var och en i kungahuset i apanage

A common question that the court receives is whether tax money goes to the princesses' and the queen's dresses.
The answer to that question is a simple "yes".
This was stated by Jan Lindman at a press conference in early April.
- The royal family can not be dependent on companies or other institutions that sponsor their representation clothing.
Så mycket pengar får Victoria i apanage

At TV4 News
Så används skattebetalarnas pengar inom kungafamiljen

 

[LadyFinn]

Princess Madeleine is the only one in the royal family who does not get apanage.
This is stated in the Royal House's annual report.
At the same time, Madeleine who lives in Florida, is still doing some assignments for the royal family.
Despite that Madeleine still performs certain assignments, court expert Roger Lundgren believes that there are not enough of them to get apanage. But she receives transport and personal protection once she completes the assignments.
Lundgren believes that Madeleine's move to the United States has also led to her becoming increasingly marginalized over time.
- It happens that royalty who move away end up in the shadow of those who have stayed.
Lundgren is happy that the annual report has been presented.
- I think it's great that this has finally been published. There has been a lot of bullshit in Sweden about Madeleine living a luxury life in Florida at the expense of taxpayers. Now it is finally clear that this is not the case.
Rapporten avslöjar_ Prinsessan Madeleine får inget apanage

 

[LadyFinn]

For the first time, the royal family reports a bit about how the money in the apanaget is distributed. The majority of the money goes to salaries, operation and maintenance - but SEK 13.6 million is set aside for the royal family's expenses.
Kungahusets ekonomi redovisas för första gången

This is how the royal family spends our tax money - "You want to be open"
Last year, the royal house's budget amounted to 147.9 million, which corresponds to just over SEK 14 per citizen in Sweden. For the first time, the Royal Family has reported how much of the annual apanaget goes directly to our royalty. Jenny Alexandersson, court expert at Aftonbladet, tells more.
Så spenderar kungafamiljen våra skattepengar – ”Man vill vara öppen”

 

[LadyFinn]

Victoria, Carl Philip and Madeleine's investment company Gluonen has been successful.
The value of their share and fund portfolio increased by just over SEK 27 million, the latest financial statements show. The market value amounted to SEK 92 million.
The company invests in Swedish securities. The royal family wants to show that they believe in Sweden and Swedish business.
The share portfolio contains Swedish heavyweights such as Investor, Lundbergs, Latour, Nordea, SEB, SKF and Getinge.
Gluonen was formed in 1989 and is 96 percent owned by Crown Princess Victoria, Princess Madeleine and Prince Carl Philip. The remaining four percent is owned by the king and queen.
Succén för kungabarnen – drar hem 27 miljoner

 

[LadyFinn]

In November last year, Daniel took out SEK 10 million from his ownership company Fornwij AB.
Now he takes out another SEK 10 million kroner in profit distribution.
What he will use the money for is a secret.
- If I had known, I wouldn't have told you, says Jan Lindman, the Treasurer of the Court.
Prins Daniel plockar ut 10 miljoner i vinst ur bolaget

Svensk Damtidning writes that the exclusive Master Training gym has become a real success story for Daniel. In addition that he met there the love of his life, Victoria, it has also given him a lot of money.
Daniel's company Formwij AB previously owned 70% in the health care company Lapada AB, which is a shareholder in Master Training. Just before the pandemic swept the world, Lapada sold half of its holding in the gym chain, which corresponded to SEK 30 million.
On the accounting day of December 31, 2021, the equity landed at over SEK 12 million, that was shortly after he had already taken out 10 million and now he is doing it again. On October 5, it was decided at a general meeting that Daniel takes out another 10 million. Before 2021, he had not cashed out at all since 2016, when he cashed out 2.2 million.
Svensk Damtidning thinks that the money will be spent on the crown princess family's new summer house on Värmdö. Daniel and Victoria bought the plot in 2020 and got planning permission last year. The construction of their summer paradise is now in full swing. The four houses that were already on the plot have been demolished, but Victoria and Daniel will keep the pier and boathouse.
Miljonregn! Det ska prins Daniel använda pengarna till _*Svensk Dam

Prince Daniel is SEK 20 million richer.
Since November last year, he has extracted a fortune from his companies.
- Without having any direct knowledge of this particular outlet, there is a project going on where a holiday home is being built out on Värmdö. It's a type of private cost that you don't take in a company, normally, says Jan Lindman.
Crown Princess Victoria and Prince Daniel build a summer house on Fågelbrolandet in Värmdö municipality. A new main building and three additional buildings are to be built. The house will also have a pool and a two and a half meter high wooden fence and a wall. The property already has a pier and a boathouse.
Prins Daniel plockar ut tio miljoner ur sitt bolag

 

[polyesco]

"Prince Daniel is causing a stir - has withdrawn 20 million from his company"
"It is not known what the money will be used for, and the Swedish royal house's financial manager, Jan Lindman, does not want to reveal it to the media.

"If I had shown it, I wouldn't have told you either," he said to Expressen.
However, he reminded the media that the Crown Prince couple is in the process of building a summer house on Värmdö, and that it is not a cost that is normally booked in a company, and thus it was hinted that the money might have to be used for that."

https://www.bt.dk/royale/prins-daniel-vaekker-opsigt-har-haevet-20-millioner-fra-sit-selskab

 

[LadyFinn]

On Tuesday, the government presented its new budget.
The head of state, King Carl XVI Gustaf, receives an increase in the apanage of a total of SEK 18.7 million. In this year's budget, the proposed amount for the budget item the Royal Court and Palace Administration is SEK 167.9 million. The corresponding sum in 2022 budget was 149.1 million.
Money is used to cover expenses for the official functions of the head of state as well as expenses for the royal family as well as for the administrative expenses of the Royal Court State and the Royal Palace Administration.
According to the Minister for Finance Elisabeth Svantesson, the increase has not been preceded by any major discussions.
- One of the reasons is that next year our king celebrates 50 years on the throne.
But don't other families need the money more?
- Now the apanage does not go to the royal family in that way, but to what they represent. There is support from the Swedish people to celebrate this.
Aftonbladet contacted the court, which told in an email that the vast majority of the increased funding will go to security-enhancing measures at the royal palaces.
For security-enhancing measures, the Court has been granted SEK 9.2 million in 2023, and then further additions in 2024 and 2025.
"It is important to remember that this extra grant does not go towards the Royal Family's living expenses", writes the court's information department writes.
The court notes also that an extra grant has been granted for the possibility of arranging activities in connection with the celebration of Sweden's 500 years as an independent nation and the King's throne jubilee. The royal couple will visit all of Sweden's 21 counties, and the 2023 National Day celebration will be larger than usual due to the 500th anniversary celebration.
Så mycket pengar får hovet i nya budgeten

 

[LadyFinn]

This is how the king copes with the crisis
The royal family cuts costs when the economy dips
It costs hundreds of thousands of kroner to heat the royal castles.
When the economic crisis hit, costs increased, as they do for many businesses.
Solar cells and savings are just a couple of all the measures implemented to keep costs down.
The solar cells cover around one tenth of the Royal Palace's electricity supply per year. The panels are one of many ways to reduce costs.
- They only took a few days to assemble and they are easy to remove if necessary. After all, it is about a building that is part of our cultural heritage, says palace bailiff Erik Kampmann.
Kungen drag i krisen – ”osynlig” jätteanläggning

The king saves and reuses
The king gets 18.7 million extra in apanage next year.
But the money does not go to increased costs in the wake of the crisis.
Saving and reusing is the only solution - a solution that has been used for centuries.
- It is in our DNA throughout our organization, says the governor of the Palaces Staffan Larsson.
The court has for the most part electric cars.
Several sources at the court say that the crown princess, just like Queen Silvia, has a strategy regarding her representational clothes. Dresses and shoes have to be reused and designer dresses are often mixed with cheaper garments. The clothes become another way of communicating sustainability.
Finances around travel are always reviewed and you try to choose the cheapest option. For shorter trips, it is better to choose the train before flying if possible.
Kungahuset ska spara och återvända_ ”Finns i vårt dna”

 

[LadyFinn]

Expressen writes that before Christmas Daniel took out SEK 2,3 million as dividends from his ownership company Fornwij AB. In one year, he has taken out SEK 22.3 million.
Prins Daniel plockar ur de sista miljonerna ur bolaget _ Ekonomi _ Expressen

Svensk Damtidning quotes Expressen's paywall article and tells that Expressen writes that the royal house's financial manager Jan Lindman said in October this year that Daniel is still interested in investing long-term.
What the money is used for is a bit unclear. Svensk Damtidning was able to reveal earlier this year that part of the money will be spent on the crown princess family's new summer house on Värmdö.
Daniel has never withdrawn such large sums. Before 2021, he had not cashed out at all since 2016, when he cashed out SEK 2.2 million.
But the Värmdö house seems to be something that Daniel wants to invest heavily in.
Daniel och Victorias stora beslut dagar före jul _*Svensk Dam

 

[Toledo]

A constitutional monarchy is still cheaper that a republican form of government. Every day here in the USA the news reminds us of the billions of dollars that ended in the pockets of acquaintances of the former head of state that make the royal budget in Sweeden look like pocket change by comparison.

 

[LadyFinn]

About Gallierafonden
According to the will of queen Josefina of Leuchtenberg, the money and a unique collection of 60 paintings from the 15th, 16th and 17th centuries was to be inherited by the first-born son from her in direct descent.
The King holds the inheritance, which is placed in the family foundation Gallierafonden. In 2012 he requested that the bylaws be changed so that Victoria can inherit the fortune instead. Carl Philip certified in a letter to the Kammarkollegiet that he was willing to give up the inheritance.
On 25 April 2013, the government decided to approve the king's application.
Today, the foundation has at least SEK 50 million invested in shares. The largest holding, almost SEK 8.4 million, is in the investment company Investor. The foundation also owns shares in companies Swedbank, Ericsson, Essity and Alfa Laval and a large number of very valuable paintings.
- Gallierafonden is many times larger, it is much larger than that, replied the court's financial manager Jan Lindman when Dagens Industri mentioned the figure of SEK 40 million this summer.
If Victoria chooses to withdraw money from the foundation, she will be obliged to pay tax for income from services.
The court didn't want to comment on the king's private finances.
Expressen has asked about the foundation from the Marshal of the Realm Fredrik Wersäll, who refers to the government decision from 2013 and wrote in an email: "Apart from that, we don't have very much information to share. It is basically a private gift". He doesn't want to comment on the foundation's development in 2021.
Carl Philip förlorade tronen –*och minst 50 miljoner _ Nyheter _ Expressen

 

[LadyFinn]

Carl Philip took out SEK 1.2 million in dividends from his design company CPhB Design AB.
Prins Carl Philips miljonutdelning

 

[Tatiana Maria]

About Gallierafonden
According to the will of queen Josefina of Leuchtenberg, the money and a unique collection of 60 paintings from the 15th, 16th and 17th centuries was to be inherited by the first-born son from her in direct descent.
The King holds the inheritance, which is placed in the family foundation Gallierafonden. In 2012 he requested that the bylaws be changed so that Victoria can inherit the fortune instead. Carl Philip certified in a letter to the Kammarkollegiet that he was willing to give up the inheritance.
On 25 April 2013, the government decided to approve the king's application.

[...]

Carl Philip förlorade tronen –*och minst 50 miljoner _ Nyheter _ Expressen

I wonder how exactly the amended bylaws are worded. If they stipulate that the foundation is the property of the occupant of the throne, the foundation could be transferred to a future republic (or, less likely, another royal dynasty) if the Bernadotte dynasty should ever be dethroned. But if the bylaws stipulate that the foundation belongs to the firstborn descendant, the foundation would leave the royal line in the event that a future firstborn descendant is excluded from the throne (e.g., by marrying without the government's consent).

 

[LadyFinn]

The Royal Court has published its Annual Report 2022

"Of the total grant to the Royal Court is allocated annually, after decision of the King, a small part in the form of a framework amount to Him as head of state and to such members ofnthe Royal House that perform official commitments on behalf of the Head of State."

At the report amounts of money to the members of the Royal Family are
The King and Queen: SEK 8 152 000 (2021 8 million)
The Crown Princess Couple: SEK 4 586 000 (2021 4,5 million)
Prince Carl Philip and princess Sofia: SEK 1 121 000 (2021 1,1 million)
Total SEK 13 859 000 (2021 13 600 000)

This sum includes
- part of the costs of accommodation at the royal residence, including certain household services,
- part of car and transport costs,
- certain security costs,
- clothing for official representation,
- other private costs.
Verksamhetsberattelsen 2022

 

[Duc_et_Pair]

The Royal Court has published its Annual Report 2022

"Of the total grant to the Royal Court is allocated annually, after decision of the King, a small part in the form of a framework amount to Him as head of state and to such members ofnthe Royal House that perform official commitments on behalf of the Head of State."

At the report amounts of money to the members of the Royal Family are
The King and Queen: SEK 8 152 000 (2021 8 million)
The Crown Princess Couple: SEK 4 586 000 (2021 4,5 million)
Prince Carl Philip and princess Sofia: SEK 1 121 000 (2021 1,1 million)
Total SEK 13 859 000 (2021 13 600 000)

This sum includes
- part of the costs of accommodation at the royal residence, including certain household services,
- part of car and transport costs,
- certain security costs,
- clothing for official representation,
- other private costs.
Verksamhetsberattelsen 2022

So a part of the costs allocated to members of the Royal House themselves are around 13 million Euro. But the whole costs are the upkeep of the palaces, the staffing of the royal household organization, the security, the logistics and utilities, information office, the archives, the stables and name it. In media often comparisons are between apples and oranges. While the one monarchy includes all costs attributed to having a monarchy, other monarchies decide to divide it over various departmental budgets so that the total costs are difficult to determine.

 

[LadyFinn]

Daniel has a nose for business, last year his company Fornwij AB made a profit after tax of SEK 11.7 million. And now he takes out several million in share dividends.
Jan Lindman, Treasurer of the Royal Court, says that things have gone well in the companies that Fornwij has stakes in.
Prins Daniels bolag Fornwij gör sitt bästa år

 

[LadyFinn]

Svensk Damtidning writes about Expressen's paywall article about Daniel's business success.
Daniel is said to have taken out SEK 6.5 million, which means that he took out a profit of SEK 28.8 million in a year and a half.
Jan Lindman, Treasurer of the Royal Court, says that these are Daniel's private finances and he uses them for private purposes.
Nytt miljonregn över prins Daniel _*Svensk Dam

 

[Toledo]

Svensk Damtidning writes about Expressen's paywall article about Daniel's business success.
Daniel is said to have taken out SEK 6.5 million, which means that he took out a profit of SEK 28.8 million in a year and a half.
Jan Lindman, Treasurer of the Royal Court, says that these are Daniel's private finances and he uses them for private purposes.
Nytt miljonregn över prins Daniel _*Svensk Dam

28,800,000.00 Swedish Krona = 2,681,280.00 US Dollar / 2,448,000 Euro as of today 7:10 AM as I drink my coffee. And wish I was drinking the Swedish Gevalia coffee, I used to get it in the mail over 25 years ago.

And I see it as good news that:
The government covers the household expenses just like in any other country with a different government system, so we assume the staff are employees with same financial and medical insurance benefits as other government staffers serving the politicians. In comparison, the Swedish press should take a look at the frivolities we have here in the USA, regardless of who is in charge, and see how lucky they are for having a monarchy and not a carousel of money wasting politicians and their entourage of patrons we call 'interest groups'.

Also great news is they have invested money that does two things, provides personal funds and the investment reflects into the economy. It trickles down to create jobs.

By the Royal family being so open about their finances it shows there's nothing to hide and in the end it's all cheaper than a republic's budget. Good for them, but still, the press should do a compare when they use news to complain about historical monarchies in the modern age. They are actually cheaper in the long run.

And just for humor, I hope Prince Daniel is reinvesting it back and creating Trust funds for their kids to be even more financially independent as adults. He certainly is not using all the money on hair gel products.

 

[LadyFinn]

How does the royal family invest in the stock market?
https://www.instagram.com/p/C0LeKdvNE4b/?img_index=1

 

[LadyFinn]

The Royal Court is forced to save next year. The reason is the tough economic situation according to Svenska Dagbladet.
The Marshal of the Realm Fredrik Wersäll says that the court will be forced to close castles where visitors were previously welcomed.
The court has not had the development of grant/apanage that is required now in the worsened financial situation. The court has a grant of SEK 170 million. Now they have to save between 20 and 25 million. Wersäll says they may have to reduce the maintenance of some of the cultural heritage objects. It will also be felt in the royal business, they will reconsider travel and other things.
Hovet tvingas spara _ Kungligt _ Expressen
Hovet tvingas spara miljoner - stänger slott för allmänheten Aftonbladet