How much money does King Juan Carlos have

Susana Vera / reuters

Juan Carlos I smiles in one of his last hearings as King of Spain at the Zarzuela Palace in May 2014, before his abdication.

With agosticity and treachery, the Real home announced this Monday, August 3, that Juan Carlos I was leaving Spain “due to the public repercussion that certain past events in my private life are having”. The place where the one who was king of the country between 1975 and 2014 is currently located is a real mystery. Some media places it in the Dominican Republic and others in Portugal. The Zarzuela Palace does not respond and Pedro Sánchez claims to ignore it.

This is not the only secret that surrounds the monarch, since transparency has been conspicuous by its absence for decades in the Royal Family. One of the great mysteries is how much money the emeritus king really has.

The real magnitude of Juan Carlos’ fortune is a real mystery. Unlike the presidents of the Government, the ministers and the deputies, the king of Spain is not obliged to make a declaration of assets when he enters office, or when he leaves it.

The fortune of the former king would rise to 2,300 million dollars, according to ‘The New York Times’

The figures on the money that King Juan Carlos has are estimates made by the media. The American newspaper The New York Times calculated in 2012 that the fortune of the former king was would rise to $ 2.3 billion, an amount equivalent to about 1,800 million euros then.

A similar figure to the one offered by the magazine Forbes, which publishes annually the list of the richest in the world, a ranking that currently heads Jeff Bezos, CEO and founder of Amazon. This publication estimated that Juan Carlos would have accumulated a fortune of 2,000 million.

Curiously, the name of King Juan Carlos has never appeared on that list of the richest people. If the attributed amount were true, the king emeritus would appear among the 10 people with more money in Spain, with a fortune similar to that of well-known billionaires like Alice Koplowitz and Florentino Pérez. Of course, the emeritus would be very far from Amancio Ortega, the king of the podium with a capital of 63,000 million.

A salary of 200,000 euros per year

The only official figure on the money that King Juan Carlos has is the economic allocation that King Felipe VI awarded him as of 2014 when he left the throne. That salary was 194,232 euros per year in 2018 – latest data published by the Royal Household.

This assignment was withdrawn on March 15, 2020, after the publication of information that assured that King Felipe VI was listed as the beneficiary of two foundations called Zagatka and grove. The current monarch also renounced that inheritance.

The allocation of Juan Carlos in 2020 would exceed 200,000 euros if he had not been punished

The figure that the emeritus king would have received in 2020 had he not been punished without pay for bad behavior would exceed 200,000 euros. The Royal House published last June the status of the budget settlement as of March 31, just 15 days after his salary was taken from him.

There you can see that the king emeritus would have received during this year about 40,000 euros, corresponding to two and a half months, from January 1 to March 15. The remaining 161,034 euros that he had left to collect would go to a contingency fund of the Royal Household, a money that is used in case of emergency.

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Source: Huffington Post Spain Athena2 by www.huffingtonpost.es.

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