The Royal Forums Coat of Arms

Go Back   The Royal Forums > Reigning Houses > British Royals

Join The Royal Forums Today
Reply
 
Thread Tools Search this Thread Display Modes
 
  #1  
Old 05-29-2006, 08:05 PM
Commoner
 
Join Date: Mar 2006
Location: Los Angeles, United States
Posts: 13
Royal Wealth and Finances

I was wondering if any of the british royals had to sign prenups? like Prince Phillip, Diana, Fergi?
__________________

__________________
Reply With Quote
  #2  
Old 05-29-2006, 08:29 PM
Heir Presumptive
 
Join Date: Jun 2005
Location: , United States
Posts: 2,736
Quote:
Originally Posted by Smartie2091
I was wondering if any of the british royals had to sign prenups? like Prince Phillip, Diana, Fergi?
Well, certainly Diana and Sarah did not. It's not a usual requirement of marriage to a member of the royal family, but perhaps this will change in light of divorce becoming more common these days.

Also, most of the wealth in the royal family belongs to the Sovereign, followed by The Prince of Wales as they receive the income from the duchies of Lancaster and Cornwall. Everyone else is basically dependent on whatever money they may have inherited along the way, which usually is relatively modest.

William and Harry are very wealthy, but most of their inheritance came from The Queen's pocket when Diana received her divorce settlement.
__________________

__________________
Reply With Quote
  #3  
Old 05-29-2006, 10:24 PM
Heidi P.'s Avatar
Aristocracy
 
Join Date: Jun 2005
Location: Columbia, United States
Posts: 244
branchg,
Thanks for clarifying the prenup situation in Royal marriage. So many people think that being Royal or marrying a Royal means instant wealth. It is more complicated then that. To marry a Prince, Crown Prince, King, etc. doesn't mean one is given access to Royal Family Weath, such as property, artifacts, jewels, other assests, etc.
__________________
Reply With Quote
  #4  
Old 05-29-2006, 11:58 PM
florawindsor's Avatar
Nobility
 
Join Date: Oct 2004
Location: , China
Posts: 279
Question

Quote:
Originally Posted by branchg

William and Harry are very wealthy, but most of their inheritance came from The Queen's pocket when Diana received her divorce settlement.
doesn't Diana receive a lot of money from her father&grandma when she got married? (i remember that from some book, whose name i don't remember now)

and why wasn't Prince Charles paying for his divorced wife instead of his mother? i remember reading he was very poor after paying Diana a lot of money(which again i don't remember the source)
__________________
i'm not from an english speaking country, plz forgive me if i made any stupid mistakes in my post

Life is mostly froth and bubbles Two things stand like stone
Kindness in others' trouble Courage in your own
Reply With Quote
  #5  
Old 05-30-2006, 04:11 AM
Avalon's Avatar
Heir Apparent
 
Join Date: Nov 2005
Location: Yerevan, Armenia
Posts: 5,905
Queen Elizabeth didn't pay anything. Prince Charles did. He gave Diana basically everything he had. Check out this one.

http://www.theage.com.au/articles/20...693836685.html
__________________
Queen Elizabeth: "I cannot lead you into battle, I do not give you laws or administer justice but I can do something else, I can give you my heart and my devotion to these old islands and to all the peoples of our brotherhood of nations." God, Save The Queen!
Reply With Quote
  #6  
Old 05-30-2006, 04:53 AM
Jo of Palatine's Avatar
Heir Apparent
 
Join Date: Feb 2006
Location: Munich, Germany
Posts: 3,323
Quote:
Originally Posted by Avalon
Queen Elizabeth didn't pay anything. Prince Charles did. He gave Diana basically everything he had. Check out this one.

http://www.theage.com.au/articles/20...693836685.html
As The Prince of Wales Charles only has the income of the duchy of Cornwall - the duchy's possessions are basically tied up in a trust, of which he is the trustee and has a right to all the winnings. Charles spends the winnings by paying for his and his immediate family's upkeep, giving money to charities or organizing events for his charities and by reinvesting the money into the duchy in order to secure the trust for the future heir to the throne.
He does not have his own wealth in terms of having savings or personal investments. He does not need to think this way, so why should he?

Edit: Just read the afore mentioned article and it seems he has managed to keep the trust fund of the duchy not only stable but to make enough money out of it to put a bit of as a personal fortune aside.

And I read, too, that his mother lent him part of the money Diana asked for. The queen, after all, possesses the personal wealth of the souverain and has money she can spent the way she likes beyond the trust funds of the duchy of Lancaster.

I'm not so sure though that Charles minded the money too much as he knew Diana then for quite some time and knew that she was not the one to get into debts easily. While she had been quite expensive in the first years of their marriage she had managed quite well to stick to the money she had inherited from her father's side and had lived within her income (or so I read in the books about the princess). Thus Charles could be pretty sure that most of the money would end up with his own heirs anyway one day - I don't think the chance was very big that Diana would not only marry again but become a mother again. She had reached a certain age and a certain position where returning to the confines of motherhood was probably not really attractive for a mother of two wonderful boys. (That's mere speculation, of course, but then there is a plausibility Charles thought about things like that). And it is usus in the aristocracy from which Diana derived to think foremost of family when it comes to will personal wealth to somebody.

So I guess it was not that big deal for Charles even though it hurts, of course.
__________________
Reply With Quote
  #7  
Old 05-30-2006, 05:07 AM
Courtier
 
Join Date: Nov 2002
Location: Houston, United States
Posts: 853
Diana inherited money from her great-grandmother when she turned 18, and inherited from her father when he died in 1992. She didn't get anything when she married.

Charles had savings in the form of a stock portfolio. That's what he liquidated to pay off Diana. He does need to provide for Harry, because he's not going to get any money from the monarchy.
__________________
Kelly D
Reply With Quote
  #8  
Old 05-30-2006, 05:13 AM
Jo of Palatine's Avatar
Heir Apparent
 
Join Date: Feb 2006
Location: Munich, Germany
Posts: 3,323
Quote:
Originally Posted by kelly9480
Diana inherited money from her great-grandmother when she turned 18, and inherited from her father when he died in 1992. She didn't get anything when she married.

Charles had savings in the form of a stock portfolio. That's what he liquidated to pay off Diana. He does need to provide for Harry, because he's not going to get any money from the monarchy.
Well, he already did that handsomely by paying Diana - Harry surely is better off than prince Andrew ever was.
__________________
Reply With Quote
  #9  
Old 05-30-2006, 05:16 AM
Courtier
 
Join Date: Nov 2002
Location: Houston, United States
Posts: 853
Half of Diana's estate went to the taxman, and what was left was split evenly between William & Harry. EIIR has allegedly established trusts for her grandchildren, so Harry would also have that, but a lot depends on how much money Harry spends and he's developed a taste for expensive vacations. His father won't be footing the bill for those forever, so Harry will have to dip into his own money.
__________________
Kelly D
Reply With Quote
  #10  
Old 05-30-2006, 05:16 AM
Commoner
 
Join Date: Mar 2006
Location: London, United Kingdom
Posts: 43
diana got £17,000,000 when she got divorced, it is believed that her divorce settlement is the biggest in british law history( the average is about £10 million), harry is set to inherit half of his mothers' estate(including jewellery and personal property),£25,000,000 ( making him the 4th richest teenager in Britain according to forbes), he has also inherited a sum from his maternal grandmother and grandfather, the Queen mother( believed to be £5 million) and the Queen. He is also set to inherit a sum from all his godparents.
harry is set to inherit all this due to diana's and royal family's determination for him to be able to cope in being a spare to william financially.
__________________
Reply With Quote
  #11  
Old 05-30-2006, 05:21 AM
Commoner
 
Join Date: Mar 2006
Location: London, United Kingdom
Posts: 43
it is believed that one of the major factors in the breakdown of the york's marriage( apart from infidelity on the duchess' part) was their financial troubles( the duchess being in debt), bearing in mind the lifestyle they have to lead, which include parties, donations, clothes, jewellery, staff, household and children. prince andrew's allowance wasn't good enough( he didn't inherit much for anyone or had a trust in his name), so i guess the royals have learnt their lesson and are better prepared this time around.
__________________
Reply With Quote
  #12  
Old 05-30-2006, 06:18 AM
Warren's Avatar
Administrator
 
Join Date: Jan 2005
Location: Sydney, Australia
Posts: 15,427
This is an interesting topic, and although it started off as "Prenups" (which was answered pretty quickly) it has continued into broader areas.

New thread title: 'The Royals and Finances'.

Warren
Britsh Forums moderator
__________________
Seeking information? Check out the extensive Royal A-Z
Reply With Quote
  #13  
Old 05-30-2006, 06:33 AM
Jo of Palatine's Avatar
Heir Apparent
 
Join Date: Feb 2006
Location: Munich, Germany
Posts: 3,323
Quote:
Originally Posted by pinkylou
it is believed that one of the major factors in the breakdown of the york's marriage( apart from infidelity on the duchess' part) was their financial troubles( the duchess being in debt), bearing in mind the lifestyle they have to lead, which include parties, donations, clothes, jewellery, staff, household and children. prince andrew's allowance wasn't good enough( he didn't inherit much for anyone or had a trust in his name), so i guess the royals have learnt their lesson and are better prepared this time around.
I always thought and still think that one reason why Sarah and Andrew decided to get a dicorce was that this would free Sarah to use her fame in order to make money. What other way was there besides asking the queen (again) for it. Maybe the queen even payed some of the debts or lent the money to better conditions than a bank would?

I have no proof besides the fact that it was written in several sources that Sarah managed to get rid of her debts (even in her own book), but still is a friend of her former husband.

Plus she was able to cash in on her former Royality in order to get money to spent on her daughters. All that would have been impossible if she still was married to Prince Andrew.

It surely wasn't the only reason but still I think it was one that was considered as positive. Especially as neither Sarah nor Andrew flaunt lovers in public but are seen together quite often.
__________________
Reply With Quote
  #14  
Old 05-30-2006, 08:13 AM
auntie's Avatar
Royal Highness
 
Join Date: Jul 2005
Location: Middlesex, United Kingdom
Posts: 1,503
This subject fascinates me! Is it possible that there are members of a royal family who don't have anything besides what they receive from the civil lists?
Not only minor members of the RF(the Kents)? maybe also from the other royal families of europe?
__________________
Reply With Quote
  #15  
Old 05-30-2006, 09:53 AM
Courtier
 
Join Date: Nov 2002
Location: Houston, United States
Posts: 853
Every member of the British RF has or had trust funds. Some of them have depleted their trusts, like Marina Mowatt and the Kents, but none of them were not provided for by their parents. Prince Michael sold off some of his stock portfolio to fund his lifestyle, and the loss of income has seriously hurst his familiy over the years.
__________________
Kelly D
Reply With Quote
  #16  
Old 05-30-2006, 10:01 AM
Courtier
 
Join Date: Nov 2002
Location: Houston, United States
Posts: 853
Quote:
Originally Posted by pinkylou
diana got £17,000,000 when she got divorced, it is believed that her divorce settlement is the biggest in british law history( the average is about £10 million), harry is set to inherit half of his mothers' estate(including jewellery and personal property),£25,000,000 ( making him the 4th richest teenager in Britain according to forbes), he has also inherited a sum from his maternal grandmother and grandfather, the Queen mother( believed to be £5 million) and the Queen. He is also set to inherit a sum from all his godparents.
harry is set to inherit all this due to diana's and royal family's determination for him to be able to cope in being a spare to william financially.
Harry probably didn't inherit anything from Earl Spencer. Earl Spencer left each of his daughters stocks worth (in 1992 terms) around £5 million. How much that's worth now depends on how well that portfolio has been managed, but no sources have stated Spencer left his grandchildren money.

Considering the QM's debts, some sources doubt she ever established trusts for her grandchildren, which contradicts the long-held belief that she did, but of course, no one knows for sure outside the Windsors and their financial advisers.

Diana's wealth (in cash & stocks) was around £22m at her death. Her jewellery was estimated to be worth about £2m by Andrew Morton in that Windsor Wealth book, but Morton's estimates purposefully didn't take into account royal provenance, so the jewels would actually be worth much more. There's some doubt whether Harry could inherit evenly in the jewellery. Obviously, pieces that came from the Windsors' historical collection, like the tiara and the emerald necklace, will go to William so as to stay in the family. Is the rest of the stuff worth enough to make up for William getting the historical pieces? I think a lot would depend on which son got the sapphire brooch.
__________________
Kelly D
Reply With Quote
  #17  
Old 05-30-2006, 10:31 AM
Jo of Palatine's Avatar
Heir Apparent
 
Join Date: Feb 2006
Location: Munich, Germany
Posts: 3,323
Quote:
Originally Posted by kelly9480
I think a lot would depend on which son got the sapphire brooch.
Wait till they are wed and we'll see
__________________
Reply With Quote
  #18  
Old 05-30-2006, 11:27 AM
Heir Presumptive
 
Join Date: Jun 2005
Location: , United States
Posts: 2,736
Diana's share of the Spencer estate was put into a trust for Harry at her request by the Earl Spencer. This was done to ensure Harry would have some money of his own since William will receive the income from the duchy of Cornwall and inherit the Sovereign's fortune.

The Queen Mother did transfer most of her liquid wealth, estimated at $10 million, into irrevocable trusts for her great-grandchildren. They receive the income until Charles becomes King, at which time the trusts terminate and the principal is distributed to Anne, Edward and Andrew equally.

The Queen set-up trusts for her grandchildren, but not William or Harry since they have substantial assets of their own.
__________________
Reply With Quote
  #19  
Old 05-30-2006, 11:38 AM
auntie's Avatar
Royal Highness
 
Join Date: Jul 2005
Location: Middlesex, United Kingdom
Posts: 1,503
Did the Queen's Mum set up trusts for the Armstrong Jones (Princess Margeret's) children?
and who set up trust funds for the Kents? Their father was killed very early on? Was it Queen Mary or who else?
__________________
Reply With Quote
  #20  
Old 05-30-2006, 12:00 PM
Imperial Majesty
 
Join Date: Jan 2004
Location: ***, United States
Posts: 16,896
George V left money in trust funds for his younger sons, which would include the Duke of Kent. The Duke did die young, but he outlived his father.
__________________

__________________
Reply With Quote
Reply

Tags
british royal family, civil list, finances


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Costs and Finances of the Belgian Royal Family Marengo Royal Family of Belgium 69 12-04-2014 08:44 PM
Wealth and Finances of the Spanish Royal Family hrhcp Royal Family of Spain 111 10-12-2014 05:39 PM
Royals and Wealth, Costs and Finances kcc Royal Life and Lifestyle 384 09-28-2012 02:27 AM
Wealth of The German Royal/Princely Houses kcc Royal Families of Germany and Austria 12 12-30-2007 04:35 AM




Popular Tags
belgium brussels carl philip charlene chris o'neill crown prince frederik crown prince haakon crown princess mary crown princess mette-marit crown princess victoria current events engagement fashion genealogy germany grand duke henri hohenzollern infanta sofia jordan king carl xvi gustav king felipe king felipe vi king harald king juan carlos king philippe king willem-alexander letizia luxembourg nobility official visit olympics ottoman pieter van vollenhoven poland president hollande president komorowski prince albert prince albert ii prince carl philip prince daniel prince floris prince pieter-christiaan princess aimee princess alexia (2005 -) princess anita princess beatrix princess charlene princess laurentien princess madeleine princess margriet princess marilene princess mary princess mary fashion queen letizia queen mathilde queen maxima queen paola queen rania queen silvia queen sofia royal royal fashion russia sofia hellqvist spain state visit sweden the hague wedding winter olympics 2014



All times are GMT -4. The time now is 09:16 AM.

Social Knowledge Networks

eXTReMe Tracker
Powered by vBulletin
Copyright ©2000 - 2014
Jelsoft Enterprises

Royal News Delivered to your Email!

You can get the latest Royal News right in your inbox.

unsusbcribe at anytime with one click

Close [X]