- Mar 30, 2014
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.