Jump to content
House Price Crash Forum
interestrateripoff

€1M A Year? Belgium's Former King Albert Struggles To Cope With New 'pay'

Recommended Posts

http://www.independent.co.uk/news/world/europe/1m-a-year-belgiums-former-king-albert-struggles-to-cope-with-new-pay-8927489.html

Most of us would be quite content with nearly €1million coming in each year. It appears, however, that such a princely sum is not enough for the former Belgian king, who is reported to be so irked by his post-abdication pay cut that he is seeking solace by travelling between his three holiday homes.

Albert II handed the throne to his son Philippe in July after a tumultuous year in which a British-educated artist took him to court to try and prove he was her father, and his sister-in-law outraged the nation with a plan to shield some her fortune from inheritance tax.

It was the latter scandal that prompted parliament to slash royal stipends and demand the family pay taxes, leading to Albert's current plight. A report in Le Soir newspaper has cited sources close to the palace who said that his €923,000 annual allowance was not enough to cover the expenses of a lifestyle he became accustomed to on the €11.5m annual salary he received as King.

So incensed is Albert, the report in Le Soir said, that he is now spending most of his time at his apartment in Rome or his two holiday homes in France: a pile in the Riviera town of Châteauneuf de Grasse and a home on the prestigious Île Saint-Louis in Pairs.

"He says that he has not been treated as he had hoped," one unnamed official was quoted as saying.

The elites have a greater sense of entitlement to everyone else. How terrible it must be to only have 3 holiday homes to pick from, one really doesn't how someone like this can function. I await the Wail version where we can find out just how much each property is worth so we can really pity him.

Share this post


Link to post
Share on other sites

He could even buy another one in the UK with Help to Buy. He probably already has.

He must be worried sick about the heating costs with only €1m per year.

Edited by billybong

Share this post


Link to post
Share on other sites

He could even buy another one in the UK with Help to Buy. He probably already has.

He must be worried sick about the heating costs with only €1m per year.

I think I saw him in Poundstretchers..

Share this post


Link to post
Share on other sites

I am assuming the guy wasn't a saver and is use to spending his entire allowance/income - after all it isn't a job you normally get fired from...

Having to make 1 months salary spread across the entire year is going to hurt if your lifestyle matches your income, it really doesn't matter how much you earn.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   217 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.