Luxembourg: Last News

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All news where Luxembourg is mentioned

nypost.com
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Meet Europe’s richest royal with a staggering $4B net worth — and he’s not part of the British royal family
multimillion-pound Sovereign Grant each year, Luxembourg’s royals generate their vast fortune independently.In fact, the royals are only paid $11 million per year — a striking difference to the $111 million King Charles and Queen Camilla received through the grant over the last three years.The funds allocated to Luxembourg’s royals help cover the expenses of their staff, official engagements, travel, and hosting state visits.In 2006, Duke Henri prompted a national outcry after he put some of his late mother Grand Duchess Joséphine-Charlotte’s jewels for auction a year after her death.The public soon took aim at the royal, accusing him of selling items from the country’s “national heritage” in exchange for some extra cash. As a result, Henri withdrew his late mother’s items from the sale.In addition to their impressive jewel collection, the Luxembourgish royals also boast a substantial number of properties across the country.Duke Henri — the first cousin of Prince Robert of Luxembourg, whose 22-year-old son recently died — owns three official royal residences in Luxembourg, with the Grand Ducal Palace being chief among them.The palace sits in the center of Luxembourg City, and is opened to the public in the summer months.
nypost.com
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Prince Frederik of Luxembourg’s heroic final act revealed before death at 22
beloved royal died on March 1 from POLG Mitochondrial disease — a rare genetic disorder that affects approximately one in 5,000 people.The genetic disorder affects multiple organ systems and the mitochondria, the energy-producing parts of cells.Frederik was diagnosed with the disease at the age of 14 after enduring unexplained symptoms for years.In 2022, Frederik founded The POLG Foundation, an organization that researches the disease and searches for a cure.Despite his short lifespan, the prince managed to create an inspiring legacy through his foundation, which his father vows to continue in his son’s name.“He had barely been able to speak for several days, so the clarity of these words was as surprising as the weight of the moment was profound,” Prince Robert, 56, said of his late son.“Frederik knows that he is my Superhero, as he is to all of our family, and to so very many good friends and now in great part thanks to his POLG Foundation, to so very many people the world over.”Despite his health battle, Frederik worked tirelessly to raise awareness about the illness in a desperate bid to help others.He then joined forces with designer Donna Karan to develop the MITO clothing line, selling items through his POLG Foundation to raise awareness and funds.In addition, Frederik participated in medical trials which helped to develop cell lines for research across Switzerland, the US and Europe.His work laid the foundation for The POLG Toolbox, a crucial resource for scientists, his proud father said.“The POLG Foundation, in only three short years, has accomplished so very much, including funding four major research projects, totaling over $3.6 million,” said Robert, the first cousin of Grand Duke Henri of

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