Spanish King Dumps Inheritance in Bid to Clean Up Royal Image
This article is for subscribers only.
Spain’s King Felipe VI renounced any future personal inheritance from his father and stripped him of his retirement allowance amid reports that the former monarch held millions of euros in offshore accounts.
King Felipe decided “to relinquish any inheritance from Juan Carlos he might be entitled to, as well as any asset, investment or financial structure whose origins, characteristics or purpose may not be in accordance with the law,” Felipe said in a statement published online by the palace.