If you thought the monarchy in Europe both a legacy of the past you are wrong. There are 12 European countries that currently have the monarchy as a form of government, although in most cases the presence of the sovereign is above all symbolic. They range from the United Kingdom to Spain, passing through the Principality of Monaco and Luxembourg. And their heritage is by no means irrelevant.
Calculating them all together, the ten richest in Europe, rely on total assets of $ 2.4 trillion, according to data reported by Buy Shares which refer to 2020. As a yardstick we cite the richest one in the world, the Saudi, an absolute monarchy fueled by petrodollars, which boasts a fortune of 16 billion euros. That said, even the royal dynasties of old Europe are not doing badly at all. Here’s what they are and what their respective staggering assets are.
THE MONARCHY OF EUROPE
Among the most famous monarchies in Europe, in addition to the most talked about of all, that of Windsor of the United Kingdom, the oldest is that Spanish of the Bourbons. The king is Philip VI, who in 2014 took the throne of his father Juan Carlos after his abdication. Among the most famous royal families in Europe is the Grimaldi, which reigns over the Principality of Monaco. It is organized as a constitutional monarchy and is one of the richest states in the world, as is its ruler. The current sovereign and head of state is Albert II of Monaco, son of Rainier III and former actress Grace Kelly.
Also in Luxembourg the monarchy is a parliamentary one and has existed since 963. Enrico has been Grand Duke since 2000, when his father Giovanni abdicated. He is married to the Grand Duchess consort Maria Teresa and the heir to the throne is their eldest son William. Among the European countries with the monarchy there is also the Belgium. The current king is Philip, a descendant of the house of Saxe-Coburg-Gotha, one of the historic noble dynasties of Germany and closely related to the English one.
Constitutional monarchy also in Netherlands where the Orange-Nassau family – of French origin – reigns. Even the very small state of Liechtenstein it is in the circle of European monarchies of a constitutional nature, albeit in the form of a Principality. The current sovereign is Prince John Adam II but, since 2004, the decision-making powers and representative duties have passed to his son Louis.
Among the European countries with the monarchy, today of a constitutional type, there is also the Sweden. Here Charles XVI Gustav reigns: he is a descendant of Jean-Baptiste Bernadotte, put on the throne by Napoleon in 1810. In the Nordic countries there is the Glücksburg family who reigns in Norway as well as the Denmark, one of the oldest parliamentary monarchies in the world.
REAL FAMILIES WHO BILL MORE
In first place is Prince Hans-Adam II of Liechtenstein which can count on assets of as much as 6.8 billion euros: impressive for a state no bigger than an Italian province. In second place is the family of Henry of Luxembourg. The Grand Duke of Luxembourg does not receive a salary, but still has 271 thousand euros a year to carry out his duties as a king with a family fortune estimated at 2.5 billion euros. In third place is the Monegasque royal family led by Prince Albert II, son of Rainier III and Grace Kelly. The family boasts a net worth of just under a billion euros.
In fourth place is the Windsor family, the most famous royal family in the world, led by Elizabeth II of England, with a net worth of between 400 and 500 million euros. Fifth position for the royal family of the Netherlands, led by Queen Beatrix, who boasts a wealth of between 170 and 250 million euros. The current king of the Netherlands was awarded a budget of 40 million euros. With assets of 58 million euros it stands in sixth position the Swedish royal family, led by King Carl XVI Gustaf of Sweden. Each year the family receives a budget of 6.2 million euros.
Seventh position for the house that reigns in Denmark, led by Margaret II. The family’s net worth reaches 33 million euros, while the government guarantees the royal family 10.7 million euros a year, which covers the queen’s assets, household and private expenses. Eighth position for the Norwegian royal family led by Harald V. According to statistics, the Norwegian monarchy costs around 60 million euros per year. In 2017, the Norwegian government awarded 26,000 euros to the royal house and just under 12,5,000 dollars to the king and queen for personal expenses. The sovereign does not pay taxes and has a family net worth of 25 million euros.
In ninth position is the Bourbon family of Spain, led by King Philip VI. In 2015, the sovereign cut his salary by 20% and now receives just over € 223,000 a year. The monarchy costs the Iberian country about 7.4 million euros per year. The royal family’s assets are € 16.7 million. Closes the review the Belgian royal family, led by King Philip. The net worth of the family is 10.7 million euros, while the sovereign’s annual expenses have just exceeded 10 thousand euros in the last year.
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