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  #81  
Old 12-14-2014, 04:51 PM
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I'm doubtful of the Almanach de Gotha estimates as they openly state they include for QEII the Royal Collection and palaces. Most other estimates agree these are not her private property so don't reflect her wealth as a person. Maybe as Head of State the Grand Duke is worth £3billion but as a family I doubt they have that much private wealth.
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  #82  
Old 12-14-2014, 05:21 PM
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Originally Posted by Duc_et_Pair View Post
It seems the Grand Duke pays for 90 staff out of his private assets.
He is not. The court employs about 100 people, 10 of them are state workers detached to work for the Grand Duke and directly paid by the state. The other 90 are employed by the court and thus paid for by the Grand Duke with the money given to him by the state. Next year, he will receive 9.8 million euros with 8.1 million euros going into the salaries of the people working for the court. He, however, does use private money to fullfill all of his representative duties.

If you look more detailed into the estimations of the wealth of the Grand Ducal Family, you will see that many of them simply can't be true as they still list the Grand Ducal Palace and Berg Castle at the property of the Family even though they have been owned by the state for decades. Also, being wealthy and owning a lot of property does not equal having a lot of money laying around.
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Old 12-15-2014, 06:20 PM
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I suspect somewhat that the Grand Ducal Family are, rather like most Royal Families very rich in assets but not in actual cash. Hence, perhaps, the attempt to auction of some of the late Grand Duchess' belongings. I read somewhere that whilst the main auction was stopped due to the outcry actually many of the less well known items were later sold off more discreetly anyway.
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  #84  
Old 12-16-2014, 02:50 PM
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Originally Posted by tommy100 View Post
I read somewhere that whilst the main auction was stopped due to the outcry actually many of the less well known items were later sold off more discreetly anyway.
Exactly. See the following links for more details:

Luxarazzi : Luxarazzi 101: 2007 Amsterdam Auction of Grand Duchess Joséphine-Charlotte's Jewellery
Luxarazzi : Luxarazzi 101: 2008 Geneva Auction of Grand Duchess Joséphine-Charlotte's Jewellery
Luxarazzi : Luxarazzi 101: 2009 Geneva Auction of Grand Duchess Joséphine-Charlotte's Jewellery
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