Wealth of the Luxembourg Grand Ducal Family

[tommy100]

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.

[SydneyLux]

Originally Posted by Duc_et_Pair

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.

[tommy100]

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.

[SydneyLux]

Originally Posted by tommy100

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

[Blog Real]

Anyone know if the Grand Duchy of Luxembourg has private business and has a great fortune?

[Duc_et_Pair]

Originally Posted by Blog Real

Anyone know if the Grand Duchy of Luxembourg has private business and has a great fortune?

I don't think so. The fortune of Grand-Duchess Charlotte was distributed by her many children, amongst them Grand-Duke Jean.

Grand-Duke Jean has many children, amongst them Grand-Duke Henri.

Grand-Duke Henri has many children.

Etc. So the wealth will water down.

[Blog Real]

According to this Business Insider article, the Grand-Ducal Family is one of the richest in Europe, only exceeded by the Royal Family of Liechtenstein. It's surprising.

https://www.businessinsider.com/roya...-ranked-2018-5

[Duc_et_Pair]

Originally Posted by Blog Real

According to this Business Insider article, the Grand-Ducal Family is one of the richest in Europe, only exceeded by the Royal Family of Liechtenstein. It's surprising.

https://www.businessinsider.com/roya...-ranked-2018-5

Take it with an inch of salt. No..., take it with a kilo of salt.
The private wealth will be extremely fragmented when Grand-Duke Jean passes away. Already the inheritance of Grand-Duchess Joséphine-Charlotte caused that the family had to sell items. Also Business Insider shoves all in one, making no distinction into the protected Nassau fideïcommis which goes from head to head and the wealth of the private families. They also have no any source, just "reportedly"...

Reportedly: my *ss.

[Blog Real]

Originally Posted by Duc_et_Pair

Take it with an inch of salt. No..., take it with a kilo of salt.
The private wealth will be extremely fragmented when Grand-Duke Jean passes away. Already the inheritance of Grand-Duchess Joséphine-Charlotte caused that the family had to sell items. Also Business Insider shoves all in one, making no distinction into the protected Nassau fideïcommis which goes from head to head and the wealth of the private families. They also have no any source, just "reportedly"...

Reportedly: my *ss.

From what I have read on several websites, they must calculate the wealth of the Grand Duke Henri and probably the Grand Duke Jean, not the wealth of each member of the family.
According to what I have read in several places, the Grand Duke Henri has a fortune based on several
personal and family investments, including industry, bank deposits, gold and real estate.

[tommy100]

We know more of the familys wealth due to the judment made public for Louis and Tessy’s divorce. It seems most of their wealth is held in trust as such for use by the Grand Duke (whoever that may be) and from this central fund the costs of rhe Grand Duke and his family are paid. This would suggest that perhaps only a fraction of what assets we think they have are divided up to each Grand Duke’s descendants. .

[Duc_et_Pair]

Originally Posted by tommy100

We know more of the familys wealth due to the judment made public for Louis and Tessy’s divorce. It seems most of their wealth is held in trust as such for use by the Grand Duke (whoever that may be) and from this central fund the costs of rhe Grand Duke and his family are paid. This would suggest that perhaps only a fraction of what assets we think they have are divided up to each Grand Duke’s descendants. .

Indeed, when the future inheritance of Prince Louis was discussed (if this should be taken into account or not?) it became clear that Prince Louis was given an advance payment on his future inheritance and that he had not so much to expect (because it would disbalance with the inheritances of his siblings).

The private fortune of Grand-Duke Jean has to be divided by 5 children. So the current Grand-Duke will get 20% of his father's inheritance (Luxembourg's inheritance laws are based on the Code Napoléon, as in almost all countries on the Continent). Grand-Duke Henri will eventually pass his share of his father's inheritance to his children, when he himself passes away.

Meaning that each child will get 4% of what once was their grandfather's inheritance. Reading the considerations in the lawsuit between Louis and Tessy, and the established idea that Prince Louis has not so much an inheritance to look forward to, one can see that the alleged "billions" of the grand-ducal family are nonsense.

[maria-olivia]

Grand Duke Felix was a Casino Player. His wife Grand Duchess Charlotte paid all his debts and sold a lot of woods.

Speaking about Grand Duc Jean 's Heritage when he is still alive is a lack of respect.

[Duc_et_Pair]

Originally Posted by maria-olivia

Grand Duke Felix was a Casino Player. His wife Grand Duchess Charlotte paid all his debts and sold a lot of woods.

Speaking about Grand Duc Jean 's Heritage when he is still alive is a lack of respect.

The assumed (future) wealth of (members of) the grand-ducal family was discussed in public before the Honourable Justice Mr MacDonald by Prince Louis and Tessy. The Court has published it's considerations upon the matter in open sources, accessible for the general public. Lack of respect, or not. When Queen Fabiola was alive, also her wealth, her foundations, her distributions and her inheritance were discussed in media and here on the forums.

[Blog Real]

I do not quite believe that Prince Louis has received an advance of his future inheritance.
But I believe, that because of the advanced age of the Grand Duke Jean, your children must have already decided how the inheritance will be divided.
The Grand Duke Henri also has his own private investments, it is difficult to calculate the private fortune of the current Grand Duke.