Princess Catharina-Amalia of the Netherlands rejects $ 2.5 million annual allowance
The heir to the throne of the Netherlands, Princess Catharina-Amalia Carmen Victoria, has rejected an annual allowance of A $ 2.5 million set to come into effect at the end of the year.
Catharina-Amalia turns 18 in December, when she can start receiving 1.6 million euros (AU $ 2.5 million) from the royal treasury.
However, the princess does not want it.
Last week, she wrote a letter to Dutch Prime Minister Mark Rutte saying she was not comfortable with this amount of money, reports NOS.
She also said she plans to repay the € 300,000 (AU $ 500,000) of royal funds she spent during her student years.
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“On December 7, 2021, I will be 18 and, according to the law, I will receive an allowance,” she wrote in the letter, translated into English.
“I find it uncomfortable as long as I don’t do anything in return, and while other students are having a much harder time, especially in this time of coronavirus.”
Instead of taking the money, she wrote in the letter about her plans to repay the money she spent as a teenager.
She will not accept the trust fund “until I incur high costs in my role as Princess of Orange,” she wrote.
No one has ever given up on the allowance before in the history of the Netherlands.
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Why does the princess receive a trust fund of $ 2.5 million per year?
Two and a half million dollars sounds like a lot of money, even for royalty, but there’s a reason for that (other than having overly generous parents).
Catharina-Amalia is the eldest child of King Willem-Alexander and Queen Máxima, making her the heiress of the Netherlands.
This automatically entitles him to payment of 1.6 million euros.
Only the heir receives the trust fund – other members of the royal family cannot access it.
When Catharina-Amalia takes over as queen, her trust fund is cut.
She has two younger sisters: Princess Alexia, 15, and Princess Ariane, 14.
The two missed their chance to win the lucrative trust fund, unless they never found themselves on the front lines for the throne.
Who is Princess Catharina-Amalia?
Catharina-Amalia was born in 2003 and grew up in Huis ten Bosch, the royal palace in The Hague.
She attended Christelijk Gymnasium Sorghvliet, an elite private school ranked in the top 10 in the country.
Earlier this month, on June 10, she graduated from high school.
She said she planned to take a year off before going to college.
Who are the members of the royal family of the Netherlands?
The teenager comes from a royal line dating back to the 1700s.
William I was the first King of the Netherlands and Grand Duke of Luxembourg in 1803.
Catharina-Amalia became the heiress in 2013.
In April 2013, his father Willem-Alexander became king after the abdication of his mother, Queen Beatrix.
The ex-queen is 83 years old.
Dutch royalty has no formal role in the day-to-day management of the Netherlands.
Princess Catharina-Amalia’s selfless act stands in stark contrast to her parents last year.
King Willem-Alexander and Queen Maxima flew to Greece in October 2020 for a vacation, as coronavirus infections continued to rise in Europe.
They used a government plane to get there, drawing sharp criticism from around the world, the BBC reports.
Due to the backlash, they were called back and ultimately only spent one day in Greece.