The inheritance comes from remuneration received over the past 25 years, first as Prince of Asturias and since 2014 as King
Spain's royal palace has revealed King Felipe VI's personal wealth for the first time, saying it is worth 2.6 million euros ($2.8 million).
The announcement came as Spain's left-wing government said on Tuesday it would "strengthen the transparency, accountability, efficiency of the scandal-hit royal house" in line with the principles "which have been presided over" during Felipe's reign. will pass a decree for
Felipe ascended the throne in 2014 with the goal of restoring the monarchy's prestige, when his father Juan Carlos abdicated against a backdrop of scandals over his finances and love life.
The new king immediately ordered an audit of the accounts of the royal house and issued a "code of conduct" for its members.
Then in 2020 Felipe renounced any future personal inheritance he would receive from his father, and stripped him of his annual allowance after fresh details of alleged shady behavior emerged.
The royal palace statement said the bulk of the king's personal wealth, about 2.3 million, is deposited in checking or savings accounts, with the rest made up of art, antiques and jewellery.
The inheritance comes from remuneration received over the past 25 years, first as Prince of Asturias and since 2014 as King, it added.
Since his accession to the throne, Felipe has "began the path of modernization of the Crown so as to make it worthy of the respect and trust of its citizens".
"His Majesty the King, guided by this spirit of service and civic commitment, today added his personal decision to make his assets public to his constitutional responsibilities," the statement said.