Costs and Finances of the Swedish Royal Family

[LadyFinn]

The Royal Court has published its Annual Report 2023
At the report amounts of money to the members of the Royal Family are
The King and Queen: SEK 8 486 000 * (2022 SEK 8 152 000)
The Crown Princess Couple: SEK 4 774 000 * (2022 SEK 4 586 000)
Prince Carl Philip and princess Sofia: 1 167 000 * (2022 SEK 1 121 000)
Total SEK 14 427 000 * (2022 SEK 13 859 000)
The sums include:
- part of costs for accommodation at royal residences, including certain services in the household,
- part of car and transport costs,
- certain security costs,
- clothing for public representation,
- other private costs.
2023 Verksamhetsberättelse

 

[LadyFinn]

The Royal Palace canceled the popular "Open Palace" celebration on National Day.
Usually, someone from the royal family welcomes visitors to the Palace by opening the Palace gates on the morning of National Day. Several thousand visitors usually have coffee, look at exhibitions and royal salons.
Margareta Thorgren: "The Royal Palace is open to visitors 7 days a week, all year round. On National Day, the Palace usually also opens the gates to the Inner Courtyard, unfortunately this does not happen this year because the Palace Administration has a savings requirement to balance the economy after, among others, the pandemic and high inflation. Our goal is to have the Inner Courtyard open on National Day next year. But the public parts of the Palace are open just like other days."
The Marshal of the Realm Fredrik Wersäll announced in December that the Royal House must save SEK 20-25 million because the costs have risen more than the apanage.
This also means that several royal castles are closed from the visitors this summer: Rosersberg Palace, Rosendal Palace, Gustav III's Pavilion and Strömsholm Palace. And the Royal Stables, the Royal Chapel and and Gustav III's Museum of Antiquities. Work is concentrated on the destinations that have the highest visitor numbers.

Kungahuset ställer in delar av nationaldagsfirandet

Kungahuset ställer in det populära firandet av ”Öppet slott” på nationaldagen. De tvingas även stänga flera av de kungliga slotten för besökare i sommar på grun

www.aftonbladet.se

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[Somebody]

So, opening the palaces costs more than keeping them closed? I thought typically the revenue was used towards the upkeep of the palaces. Or is the upkeep not part of the royal budget? Or is the number of visitors so low?

 

[LadyFinn]

So, opening the palaces costs more than keeping them closed? I thought typically the revenue was used towards the upkeep of the palaces. Or is the upkeep not part of the royal budget? Or is the number of visitors so low?

Visitors in 2023
Rosersberg Palace 3125
Rosendal Palace 1930
Gustav III's Pavilion 1007
Strömsholm Palace 6870
The Royal Stables 4766
The Royal Chapel 178686 (in 2019 406367)
Visitors Screenshot The Annual Report 2023

 

[tommy100]

So like many attractions the numbers haven't recovered post Covid (the Royal Palaces here in the UK are the same, or certainly were) and some of the palaces / places aren't getting many visitors so I can see why from a costs point of view it makes sense to keep those closed - opening for a couple of thousand visitors must take lower priority than opening for tens or hundreds of thousands of visitors.
I guess with costs going up its a case of what can you do with the same - or less - funding and that ultimately means doing less.

 

[LadyFinn]

The court has submitted the financial statements for 2023
- Good tourist weather has had a positive effect on us and so there have been good conditions on the world's stock exchanges. We are quite satisfied with 2023, says the court's treasurer Jan Lindman.

Sollidens slott AB
Sollidens slott AB runs café and restaurant operations, exhibitions, selling souvenirs as well as hospitality and a lot of other things, such as the Solliden Sessions concert evenings which have become a success.
In 2023, activities contributed to the increase in turnover by SEK 1.4 million, the turnover thus lands at just over SEK 15 million. The profit was SEK 612,000, which is really good considering they made a loss in 2022 of SEK 570,000.

Stenhammars Godsförvaltning AB (Stenhammar Estate Management)
The king's greatest pride in life is Stenhammar's estate, which he has managed and developed into a model farm. Plant cultivation, breeding and meat production are carried out, there are hundreds of animals.
The farm is now operating with a profit of SEK 1.1 million last year, the turnover is SEK 17.8 million - an increase of SEK 1.5 million.

Bensor AB
Bensor AB is the king's parent company, the company from which everything is based. It is primarily engaged in asset management and is the owner of both the Solliden and Stenhammar companies.
The company has claims on the subsidiaries of a total of SEK 10.7 million and the company also owes the king SEK 12.3 million.

Gluonen AB
Victoria, Carl Philip and Madeleine's assets in the form of securities are in Gluonen AB, they manage shares long-term and do not sit and sell and buy on a troubled stock exchange.
The profit last year was 1.4 million after tax, while the market value of the holding is SEK 75.8 million. All profits are reinvested in the company.
- 2023 has generally been a good share year for everyone who invested in shares. For us too, says Lindman.

Fornwij AB
Daniel's owner company made a profit of SEK 1.1 million last year, ten million less than the year before.
Daniel is a major shareholder in Master Training via the Lapada company in which he owns 70 %. Lapada sold a larger share in Master Training just before the covid outbreak, which was well-timed, and Daniel has since taken SEK 28.8 million out of the company, part of the money has been invested in the construction of Daniel and Victoria's new house on Värmdö.

Så finansierade Victoria och Daniel nya lyxhuset på Värmdö

Kungafamiljens bolag drar in bra med slantar. Tack vare en fet vinst kunde Victoria och Daniel investera i sitt nya lyxhus.

alltomkungligt.se

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