Wednesday. 08.02.2023
MONARCHY

Spanish king Felipe VI reveals personal wealth of 2.5 million euros

Felipe VI has no real estate properties, according to a statement by the Spanish Royal House
22 April 2022, Spain, AlcalA De Henares: King Felipe IV of spain leaves after the presentation of the Miguel de Cervantes 2021 Prize for Literature in the Spanish Language at the Paraninfo of the University of Alcala de Henares. Photo: José Oliva/EUROPA PRESS/dpa.
Felipe IV leaves after the presentation of the Miguel de Cervantes 2021 Prize for Literature at the University of Alcala de Henares. Photo: José Oliva/dpa.

The Spanish King Felipe VI decided on Monday of his own free will to make public his entire estate, which amounts to 2,573,392.80 euros.

The decision, unprecedent in Spain, is based on his desire to contribute, as head of state, to the regeneration of Spanish public life, said the Palacio de la Zarzuela.

In its statement, the Royal House recalls the King's proclamation speech on 19 June 2014, when he mentioned the citizen's demand for "exemplarity" in public life. Spain has been shaken in recent years by alleged irregularities and scandals that have affected the Crown in the figure of the king's father Juan Carlos I.

According to the statement from the Spanish Royal House, King Felipe's current assets are mainly made up of the remuneration he has received from the Royal House budget over the last 25 years. He began to receive remuneration first as Prince of Asturias (title held by the heir to the Spanish crown) from 1998, and later as King from 2014.

These remunerations amount to a total gross amount of 4,275,796.94 euros, from which tax withholdings, the amounts of taxes paid over these 25 years and the private expenses must be deducted.

Savings, antiques, jewelry

Of those just over 2.5 million declared, 2,267,942.90 euros are in bank or savings accounts, shares and investment funds. The rest are art objects, antiques and personal jewelry that have been valued at 305,450 euros.

According to the Royal House, the King annually submits the Income Tax and Wealth Tax returns. Felipe VI has no real estate properties, all his assets are limited to the declared amount.

The Palacio de la Zarzuela has said that Queen Letizia's assets will not be made public since she does not perform constitutional functions.

Spanish king Felipe VI reveals personal wealth of 2.5 million euros
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