Spanish Royals reveal their salary wages for first time in history
How much does a King earn over a year? This was probably one of the most asked question for long time. Well, we can satisfy our curiosity as Spain’s Royals decided to make public their income. So King Juan Carlos gathered 292,752 euros in 2011. That figure includes his yearly salary of 140,519 euros and some other 152,233 euros were added as expenses related to his duties as a king.
43-year-old Prince Felipe had a salary of 70,260 euros and to this figure were added 76,117 euros in expenses.
The incomes of the Spain Royals were published on their website: www.casareal.com.
43-year-old Prince Felipe had a salary of 70,260 euros and to this figure were added 76,117 euros in expenses.
As Spain was harshly hit by the financial crisis, all top salaries including those of the royal family were reduced by 15% in 2010 and are frozen in 2011.
Spanish former PM Jose Luis Rodriguez Zapatero who quit his function last week had a 2011 salary of 78,185 euros.
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The revealings of the incomes, was mainly determined by a corruption scandal involving king’s 43-year-old son-in-law Inaki Urdangarin. Urdangarin is a former basketballer and husband of Juan Carlos’ daughter Cristina.
Apparently Urdangarin is not paid by the state, so no necessary declaration here.
Spain’s Royal Family said it would make public their incomes on 12 December 2011 despite of not being oblidged to do so.
“According to the Spanish constitution, the king has no obligation to unveil his accounts. But this was a sign of transparence in order to relief the pressure from the newspapers, televisions, blogosphere and politicians which had many suspicions on Urdangarin’s activities” said writer Pilar Urbano who published various books about the royals.
Article’s Source: yahoo.com