Spain’s King Felipe declares his wealth, owns artwork, antiques but no house | World News

Spain’s King Felipe VI has disclosed that his wealth is value about 2.6 million euros ($2.8 million) in a transfer to make the Royal House extra clear and finish the opaqueness that prevailed through the reign of his father Juan Carlos.

The king’s belongings embrace slightly below 2.3 million euros in checking or financial savings accounts and securities, and he at the moment owns artwork, antiques and jewellery with a price of greater than 305,000 euros, an announcement launched by the Royal House confirmed.

It didn’t point out any property or actual property.

The king’s wealth primarily comes from the greater than 4.3 mln euros he cashed in over the previous 25 years, which have been taxed, the assertion mentioned.

“Today, more than ever, citizens demand with all the reason that the moral and ethical principles inspire and the exemplarity presides over our public life”, King Felipe mentioned.

Felipe got here to the throne in 2014 after his father Juan Carlos abdicated amid a tax fraud case involving members of the royal household, in addition to a scandal over an elephant-hunting journey at a time when Spain was scuffling with a deep recession.

As a part of efforts to modernise the monarchy and distance himself from the scandals, King Felipe additionally eliminated his older sisters, Elena and Cristina, from royal duties.

A couple of years later, Felipe renounced his inheritance from his father and stripped the ex-monarch of his palace allowance.

Juan Carlos, who retains the title of King Emeritus, left Spain for the United Arab Emirates in August 2020 underneath a cloud of scandal and has lived there since.

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