Grand Duke Henri of Luxembourg is preparing to abdicate from the throne, marking a significant transition in the country's monarchy. His eldest son, Hereditary Grand Duke Guillaume, is set to succeed him. With a reported net worth of up to $4 billion, Grand Duke Henri ranks among the richest royals in Europe. Despite the wealth attributed to him, controversy surrounds the extent of his fortune, with some citizens dismissing it as exaggerated.
The Transition of Power
Grand Duke Henri's decision to abdicate will see Hereditary Grand Duke Guillaume ascend to the throne. This transition has already been set in motion, as Guillaume has been appointed as Lieutenant-Representative, enabling him to undertake most of the monarch's constitutional responsibilities. The move reflects a gradual shift in power, ensuring a smooth handover within the Luxembourg royal family.
The Grand Ducal Palace, traditionally linked with the reigning monarch, has seen changes over the years. Following the death of Grand Duke Henri's father, Grand Duke Jean, in 2019, it became the residence of Guillaume. The younger Duke's impending accession will likely be accompanied by a transfer of his father's wealth, fortifying his position as the new leader.
A Kingdom of Wealth and Criticism
Grand Duke Henri owns three official properties: the Grand Ducal Palace, Berg Castle, and Fischbach Castle. Although the Grand Ducal Palace is listed as his official residence, Berg Castle in Colmar-Berg serves as his primary home. The value of these assets contributes to his substantial wealth.
However, this affluence has not come without scrutiny. Critics have labeled the reported figures as "pure fantasy," challenging the perceived opulence of the Grand Ducal Court. The Palace has denied these claims, emphasizing that the actual wealth is significantly lower than suggested.
"The figures published for years in certain publications regarding the wealth of the Grand Ducal Court are pure fantasy. In reality, the said wealth amounts to only a tiny percentage of the figures recently peddled." – The Palace (Grand Ducal Court)
Charitable Endeavors and Public Access
Unlike many royals whose fortunes stem from state support, Grand Duke Henri's wealth does not originate from a royal grant. Instead, it is attributed to other sources, possibly investments or family inheritances. His financial resources also support charitable initiatives through a foundation run by him and the Duchess.
The Grand Ducal Palace serves dual purposes beyond its royal function. During summer months, the palace opens its doors to the public, generating funds directed toward their charitable organization. This initiative reflects an effort to balance public interest with philanthropic activities.
