Tag Archives: Finances

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Infanta Pilar Explains Her Panama Offshore Firm

  April 7, 2016 at 5:52 am by

Spain’s Infanta Pilar (79), aunt of King Felipe VI has released a press statement on Wednesday about the offshore firm she had for forty years in Panama. The existance of this firm was leaked last weekend in the ‘Panama Papers’. In the statement the princess explains why, when and how the firm was started. In 1969 the company was founded by Aleko Pakamarkou, an entreperneur and a good friend of … Continue reading

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Infanta Pilar’s ‘Financial Facade’ Named In Panama Papers

  April 4, 2016 at 11:11 am by

Today had more bad news in store for the Spanish royal family. Although the king has worked hard to make the family’s finances more transparent, his family doesn’t seem to be too cooperative.  His sister the Infanta Cristina and her husband Inaki Urdangarin are suspected of embazzling tax money. However, his aunt Pilar now also is under scrutiny. This weekend the so-called ‘Panama Papers’ have been opened. A group of … Continue reading

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Maria Teresa Speaks Out: ‘It Is Unethical To Solve Our Problems With Taxpayers Money’

  March 4, 2016 at 1:45 pm by

Grand Duchess Maria Teresa gave an interview to French press agency AFP today. The Grand Duchess was rather open and also used the interview for some critical self reflection and talked about her dream to return to Cuba. The Garnd Duchess said that the Luxembourg monarchy has to become more authentic and transparent. She supports her husband’s initiative to reorganise the Luxembourg court. This openess also comes with a price: the … Continue reading

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Controversy Around Beatrix Sailboat Coninues: Costs Estimated at 1,5 Million Euros

  March 1, 2016 at 11:11 am by

The controversy around the maintenance costs of Princess Beatrix’s sail boat, the ‘Groene Draeck’ (Green Dragon), continues. Beatrix received the boat for her 18th birthday in 1957 from the Dutch state. The gift consisted of two parts: the boat itself and the promise to maintain the boat. Since a few years members of parliament have started to question the maintenance costs of the boat. They were considered too high and … Continue reading

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New Poll: 62% Want Prince Henrik’s Appanage Reduced

  February 21, 2016 at 5:18 am by

A poll published yesterday by Danish newspaper Avisen shows that 62% of the Danes who were questioned believe Prince Henrik should take a reduction in his appanage following his retirement at the beginning of this year. “It is not fair – there must be a cut in salary and court when a royal retires” received two-thirds of the vote when asked what they thought about the Prince retaining his almost 8millionDKK … Continue reading

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Politicians Want Openness About Costs Golden Coach

  February 20, 2016 at 5:53 am by

The Dutch Golden Coach is under restoration, which will take three years. The king is paying thee restoration from his own budget, with no additional costs for the tax payer.  A good deal one would think. In parlament the usual suspects still found a reason to complain, as royal issues can usually count on media exposure for MP’s. Already in December parlament asked Prime Minister Marc Rutte about more openness … Continue reading

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Much Ado About … Travel Costs

  February 20, 2016 at 5:31 am by

The total sum of air travel costs of King Philippe and Queen Mathilde has been critisized in Belgian parliament. In 2015 the ministery of Defence has paid 143.138 euro for 26 flights. An MP for the seperatist party ‘Vlaams Belang’ asked the minister for a specification of the costs. She pointed out that the king and queen already receive more than 11 million euro per year already. The Belgian king … Continue reading

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Giving By Degrees – Gifting in the British Royal Family: Article by David McClure

  August 5, 2015 at 11:02 am by

Following the three-part series on the wealth of Queen Elizabeth II of the United Kingdom we brought to you back in April, royal author David McClure has shared with us another article – this time focusing on the manner in which members of the British Royal Family have distributed their wealth in the form of gifts – based on his book, Royal Legacy: How the Royal Family have made, spent and … Continue reading

Posted in British Royals, Historical Royals | Tagged , , , , , , , , , | 2 Comments

The Queen’s True Worth, Part Three: Article Series by David McClure

  April 7, 2015 at 6:00 am by

Today we bring you the final part of our article series on Queen Elizabeth’s finances written by author and former Reuters journalist David McClure. This three-part series has been written as a summary of Mr McClure’s book, Royal Legacy: How the Royal Family have made, spent and passed on their Wealth from Queen Victoria to Queen Elizabeth II. Part one can be found here and part two here. If you have any questions relating to the Queen’s … Continue reading

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The Queen’s True Worth, Part Two: Article Series by David McClure

  April 4, 2015 at 6:00 am by

Welcome to part two of our article series written by author and former Reuters journalist David McClure on Queen Elizabeth’s finances. This three-part series has been written as a summary of Mr McClure’s book, Royal Legacy: How the Royal Family have made, spent and passed on their Wealth from Queen Victoria to Queen Elizabeth II. Part one can be found here. If you have any questions relating to the Queen’s finances, please leave a comment below … Continue reading

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The Queen’s True Worth, Part One: Article Series by David McClure

  April 1, 2015 at 6:00 am by

The Royal Forums is pleased to bring our readers a three-part article series discussing the finances of Queen Elizabeth II of the United Kingdom written by author and former Reuters journalist David McClure. They have been written as a summary of Mr McClure’s book, Royal Legacy: How the Royal Family have made, spent and passed on their Wealth from Queen Victoria to Queen Elizabeth II. If you have any questions relating to the Queen’s … Continue reading

Posted in British Royals | Tagged , , , , , , , , | 6 Comments

Queen Maxima Launches Money Week 2015

  March 10, 2015 at 3:59 am by

Yesterday, Queen Maxima launched the fifth edition of “Money Week 2015” at the primary school OBS West in Capelle aan den IJssel. The Queen was accompanied by Sander Dekker, State Secretary of Education, Culture and Science. Queen Maxima took part, along with Minister Dakker, in some lectures for students, teachers and parents. During the lectures the Queen spoke about the importance of learning how to manage money. The Queen also … Continue reading

Posted in Dutch Royals | Tagged , , , | 1 Comment

Day in History: 350 years since Charles II sold Dunkirk to France

  October 22, 2012 at 7:33 pm by

350 years ago Charles II sold Dunkirk to France for approximately £400,000.  It was a hugely unpopular move that was influenced by financial and political needs. The port, although a valuable strategic outpost, was a huge drain on the King’s financial resources. However, there can be no doubt that even a greater motive was the vital need to forge closer relationships with France. Dunkirk was essentially a liability to the … Continue reading

Posted in British Royals, French Royals, Historical Royals | Tagged , , , , | 3 Comments

British Royal Family No Longer The Most “Expensive” In Europe

  July 21, 2012 at 11:01 am by

For many years, British Monarchy was considered to be the most expensive in Europe based on the amount the Head of State receives from the taxpayers. However, that distinction now belongs to the Dutch Royal Family, which overtook the British one this year. Professor Herman Matthijs of Ghent University has published a report on the costs of European Heads of State. In it, he notes that according to a very … Continue reading

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Spainish Royal Family Takes Another Pay Cut

  July 19, 2012 at 9:12 am by

Madrid – July 18th, 2012 The Spanish Royal Court has announced that the King and Prince of Asturias are to have their salaries cut by 7.1 percent. In another move to reduce the Royal budget, expenses claimed by other members of the Royal Family will also be cut. The Royal budget for 2012 was set at around €8.3, which is down 2% from 2011 and overall quite small compare to … Continue reading

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Belgian Royals Commemorate Dead in Laeken

  February 16, 2012 at 9:39 am by

Earlier today in Laeken, the Belgian Royal Family were present at the annual mass commemorating the deceased members of the family. The mass took place at the Church of Our Lady of Laeken (Onze-Lieve-Vrouwkerk in Dutch, Eglise Notre-Dame in French). The entire royal family was present – King Albert II and Queen Paola, their children and their spouses, Queen Fabiola, who was accompanied by Princess Margaretha of Liechtenstein, Princess Léa … Continue reading

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King Albert II: Freeze Royal Family Grants

  January 11, 2012 at 2:57 am by

In a statement released by the Belgian Royal Court on Monday, HM King Albert II has stated that he will accept a freeze on the royal family’s grants from the government for 2012 and 2013, as the nation tries to cope with the current economic climate in the European Union. “The 2012 budget on grants to members of the royal family should be frozen, and should therefore include any indexation … Continue reading

Posted in Belgian Royals | Tagged , , | 2 Comments

Less than a Month to the Swedish Royal Wedding!

  May 28, 2010 at 1:43 am by

There is less than a month to go until the June 19th nuptials of Crown Princess Victoria and Daniel Westling at the Storkyrkan in Stockholm, and details surrounding the wedding are slowly being revealed. The Royal Wedding Monogram Both the Crown Princess and her fiancé have celebrated their respective bachelorette and bachelor parties, arranged by their close friends. Daniel celebrated his on May 8th, at the Stallmästaregården restaurant in Haga … Continue reading

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Queen Beatrix Will Pay For Extra Maintenance Costs Sailing Boat

  May 12, 2010 at 12:18 pm by

Queen Beatrix will pay the extra maintenance costs for her sailing boat the ‘Groene Draeck’ herself. This was reported yesterday by RTL news, and confirmed by the RVD (the government information service). The queen received the boat upon her 18th birthday in 1956 as a gift from the Dutch people. The gift also inculded the maintenance costs of the boat, which was provided for by the ministery of Defence for … Continue reading

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Trouble in Maoridom

  March 14, 2010 at 5:14 pm by

The Maori King, Tuheitia Paki, has been told to reveal his spending and that of his staff. The Tainui, the tribal Maori parliament, has demanded His Highness open his books to dispel rumours of mishandling funds. The Maori King lives on an annual budget of $1.2 million NZD, which is more than four times the amount his mother’s, the late beloved Maori Queen, budget of $250,000 NZD. Though the King … Continue reading

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