KING Felipe VI of Spain has publicly produced a breakdown of his assets – the first time a reigning monarch in the country has ever done so and an extremely rare move among royalty anywhere in the world.
Son of the abdicated King Juan Carlos I, and on the throne since July 2014, HRH Felipe says he opted to reveal the full extent of his fortune and how it is made up in a 'transparency exercise' – attempting to be open and honest with his public.
King Felipe VI and Queen Letizia in 2019
Although the monarch's wealth does not include his wife, Queen Letizia's assets, the overall figure is surprisingly low and would not even put him into the top 100 of Spain's richest individuals.
Felipe VI may, in fact, be the 'poorest' King in Europe.
His full accounts reveal he is worth €2.57 million – which, if you own property in the province of Málaga's 'Golden Mile', in exclusive parts of Ibiza, Barcelona or the Greater Madrid region, would automatically put you on level-pegging with the King of Spain, even if you had nothing in your current account.
(You can check out nearly 7,600 properties for sale King Felipe can't afford, if you feel like it, by clicking on this link. Although at the other end of the spectrum, here are over 4,700 priced at under €50,000, for the contrast).
And Felipe VI does not even own any property or land – his wealth, along with bank deposits and investment funds - is made up of jewellery, antiques and works of art.
Read more at thinkSPAIN.com