For the first time, the King of Spain announces the size of his wealth and possessions

The Spanish Royal Palace revealed the personal fortune of the Spanish monarch, King Felipe VI, for the first time, saying it amounted to 2.6 million euros (2.2 million pounds).

The announcement came late last night when Spain’s left-wing government said it would issue a decree “to increase transparency, accountability and efficiency” of the scandal-ridden royal family “in accordance with the principles” under Philip, according to the British newspaper. The Guardian.

The Royal Palace statement said that the bulk of the king’s personal fortune, amounting to around 2.3 million euros, is deposits with checks or savings accounts, while the rest consists of works of art, antiques and jewelery.

She added that the legacy comes from the reward he has received over the past 25 years, first as Prince of Asturias and as King since 2014.

“His Majesty, ruled by a spirit of service and civic engagement, today added to his constitutional responsibility his personal decision to declare his property,” the statement read.

King Felipe ascended the throne in 2014 with the aim of restoring the prestige of the monarchy after his father, Juan Carlos, abdicated amid scandals over his financial resources and his love life.

The new king immediately ordered a review of the royal family and issued a “code of conduct” for its members, so by 2020 Philip waived any future personal inheritance he might receive from his father and deprived him of his annual allowance after new details emerged. up. about his alleged shady business.

Since ascending the throne, Philip has “launched the way to modernize the crown to make it worthy of the respect and trust of his countrymen”.

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