Dutch royals no longer billionaires

The Dutch royal family’s worth has shrunk by 20% because of the credit crisis, taking the Oranjes below billionaire status, according to the latest edition of the Quote 500 rich list.

The family’s wealth is now put at €800m, putting them in 25th place on the list, the Telegraaf reports on Wednesday.
And, the paper says, this is the first time the queen’s press office has officially commented on Quote calculations. ‘Every downward revision brings the estimate closer to the reality,’ the paper quoted the RVD as saying.
The only royal family member to have commented on the Quote listings is prince Bernhard, who sent a fax to US business magazine Forbes in 2003 stating that the family’s assets amounted to €213m.
Spending cuts
The Dutch royal family is set to get €40m from the government next year, excluding security costs. Some 90% of the population think the queen should accept a pay cut.
The financial crisis has hit the Netherlands’ 500 richest families and individuals, the survey shows.
Their combined assets have shrunk in value by €18bn, or 12%. While 108 of the people on the list have managed to boost their assets, 317 are now worth less than they were last year, the Telegraaf says.
The full list will published on Thursday, according to the Quote website.

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