A recent documentary on Swedish television SVT made the order of succession to the Swedish throne a hot topic of discussion . When Prince Carl Philip was born as the younger brother of Princess Victoria , he was destined to become King. However, a constitutional amendment half a year later reversed this, so the King’s eldest daughter, Crown Princess Victoria, became first in line to succeed. The new law ensured that the firstborn son, regardless of gender, inherited the throne. King Carl Gustaf caused a stir when he revisited this topic in a recent interview.
Prince Carl Philip was heir to the throne of Sweden for six months , but he not only lost his right to the throne. The new succession deal also cost him at least SEK 50 million in lost inheritance, which is equivalent to around £4,000,000. The money is in the form of shares in the Gallierafonden family foundation, and is an inheritance based on a gift from Emperor Napoleon.
You have to go back to 1813 to find the origin of the fund. Then the Emperor Napoleon is said to have given a large donation of money to the Duchy of Galliera in Italy and to his stepson’s daughter, Princess Josephine of Leuchtenburg, the latter later becoming Queen of Sweden and marrying King Oscar. I . It is said that he complied with Napoleon’s will in the form of a conditional will in which the firstborn in descending order would receive the inheritance. Therefore, it is now King Carl Gustaf who has the inheritance, which is placed in the family fund.
Princess Victoria’s brother lost his throne and a millionaire figure in pounds
In 2012, however, the King requested that the charter be changed so that Crown Princess Victoria received the fortune instead of Prince Carl Philip . According to the will, the money and a unique collection of 60 paintings from the 15th, 16th and 17th centuries would be inherited by the firstborn in direct descent. Prince Carl Philip confirmed in a letter that he was willing to give up the inheritance from him and on April 25, 2013, the government decided to approve the king’s request.
Today the foundation has at least SEK 50 million , about US$5 million, invested in shares. Between 1992 and 2010, the foundation declared earnings totaling almost SEK 70 million, or about US$7 million. The largest profit in a single year was made in 2000, when the foundation declared a surplus of SEK 12 million. If the crown princess chooses to withdraw money from the foundation, she will be required to pay taxes.
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