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  #401  
Old 06-06-2021, 09:41 AM
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Quote:
Originally Posted by Tatiana Maria View Post
Thank you for the clarification. I assume then that paragraph three of Transitional Provision XIII only confiscated the Italian assets of Vittorio Emanuele III and Elena, Umberto II and Maria Josť, and Vittorio Emanuele.

De facto it applied only to the Italian assets of Umberto II.
The Italian Constitution enterd into force on 1 January 1948, three days after Vittorio Emanuele III died.
His heirs were his four surviving children Jolanda, Umberto II, Giovanna and Maria, as well as his four Hessen grandchldren (children of Princess Mafalda, who had predeceased the King).
When the Transitional Provision XIII came into force, it applied to the assets of King Umberto II, which by then included also 1/5 share of the assets of the late King Vittorio Emanuele III.


By the way, later the other co-heirs of Vittorio Emanuele III decided to share 1/5 of their shares of inheritance with King Umberto II.
The assets of King Vittorio Emanuele III included Villa Savoia and its park in Rome, the castles of Pollenzo and Sarre, the estates of Capocotta and Castel Bufalaro (near Castelporziano, Rome), the estate of Sant'Anna di Valdieri (near Cuneo). It also included a huge amount of money deposited at Hambros Bank in London, as well as part of the late King's exceptional coin collection.


As for Umberto II's assets in Italy, the most prominent part of it was the Castle of Racconigi, which was confiscated by the Italian government.



Quote:
Originally Posted by Tatiana Maria View Post
What was the meaning of the first paragraph of Transitional Provision XIII? Was the ban on voting applied to all Italian citizens with a Savoy ancestor, or was it interpreted in a more narrow fashion?

It was interpreted in a narrow way; it basically applied only to those who were also exiled in force of the second paragraph.
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  #402  
Old 06-06-2021, 10:46 AM
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The Savoias seem to have been able to retain some wealth, probably also thanks to Marina Doria, born in a wealthy family.

The Savoia-Aostas used to be wealthy, but like in so many royal families, lack of a good financial management has exhausted the fortune. The new Duke however is almost 10 years CEO of Pirelli Tyre Russia / Nordic region. And for 15 years the new Duke is vice president of the Association of Italian companies in Russia, Gim-Unimpresa, an aggregate partner of Confindustria.

According to the Pirelli annual financial overview, regional CEO's have an annual salary of 2,4 million Euro. With that the Duke of Aosta actually earns more private income than European Governments grant to their reigning Sovereigns...

So when the new Duke has a good advisor (he himself has worked at J.P
Morgan & Co) he must be able to grown a new fortune for the Savoia-Aostas.
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Old 06-06-2021, 10:56 AM
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Thank you for the reply, MAfan, very interesting.
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