It is not true. It is the same press claiming that Queen Elizabeth II is the richest woman in the world, conveniently calculating everything at her disposal to her private wealth. In reality Elizabeth II only owns
Sandringham House and
Balmoral.
The media looks to Windsor Castle, Buckingham Palace all other royal residences, studded with artworks and thinks: "Wow!!! That must be the richest woman on Earth!!!" and yes they publish it like that and the common man in the street believes it.
Every hint that King Michael is probably worth around 10 million Euro is more accurate than any other estimation. And this 10 million Euro mainly consists of
Savarsin House and the domains belonging to it.
Peles Castle can not be sold as it is on long lease from the royal family to the State of Romania and houses various national museums. The upkeep of that castle costs a fortune. The ownership of Peles still is not final and probably there will be a clause that the State of Romania has first rights to obtain ownership, meaning King Michael can not throw it on the free market. Niote also that we are speaking about Romania, not anout the overcooked real estate market in London where a little henhouse makes 300.000 Pounds on the absurd market.
The attributed wealth of 60 million Euro is nonsense in my personal observation and not backed. King Michael was still quite young when he took the throne for the second time, and World War II broke out. He had not much chance to gain a large personal fortune and lock it safely away in Switzerland. His father, King Carol of Romania took everything of value away with him, and then he and his spouse Princes Helena of Greece and Denmark squandered it. There was
nothing left when she died in 1982.
Since going into exile King Michael worked for a living. The family were not rich. I have read that the education of his five daughters was paid for by wealthy supporters. There may also have been some inheritances from the royal family De Bourbon de Parme (Queen Anne's family). Today of course King Michael has a semi-official position in Romania and has had properties returned, so he is definitely better off but really... no 60 million Euro... in his dreams, yes...