2 Jun, 2016 @ 17:41
1 min read

King of Spain and family earnings revealed for the first time

KingFelipe
King Felipe
King Felipe
King Felipe

KING Felipe of Spain has for the first time allowed independent auditors to analyse the royal family’s books.

The move is an attempt to restore confidence in the monarchy following the scandal-hit reign of his father.

The accounts show the King earns €236,544 a year, and that he has taken a 20% pay cut since assuming the throne in 2014.

Queen Letizia is paid €130,092, while his parents Juan Carlos and Sofia receive €189,228 and €106,452 respectively.

The four are now the only royals to be paid a salary after Felipe reduced the amount of family members on the payroll.

Last year, the royal household made savings of €155,000 out of its €7.7m budget, while they spent €661,000 on “official acts and social occasions” and €130,000 on travel.

A poll last month revealed 52% of Spaniards support the new king, a stark improvement from when his father abdicated given that two thirds of Spaniards were calling for a referendum on the monarchy.

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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