Norway's new King Haakon not only inherits the title and the official duties after King Harald's death.
He also inherits an extensive private fortune that has been built up over generations, writes the Norwegian business website E24.
It mainly consists of three privately owned properties: Kongsseteren, MĂ„gerĂž and Prinsehytta, which have an estimated market value of 390 million Norwegian kroner - which corresponds to roughly 408 million Swedish kroner.
In addition to them, there is money invested in funds and bonds, at the latest in 2019 the value was estimated at 100 million Norwegian kroner by Norwegian Dagens NĂ€ringsliv.
According to E24, the inheritance process will be characterized by a combination of historical traditions and modern legal agreements - such as prenuptial agreements.
However, what King Harald's will looks like is not yet known, the court has not even confirmed whether a will exists. According to Norwegian law, access to the royal archives can also be restricted for up to 100 years.
- The difficult thing about the royal house is that you don't know exactly what assets they are sitting on, in addition to what can be valued. They don't have to file a tax return. But it's not just about a crown in the royal house, it's about many, notes Ole-JĂžrgen Schulsrud-Hansen.
In addition to the state-owned residences, the Norwegian royal family therefore owns a number of properties privately. E24 has had Terje Tinholt, who is one of the Norwegian brokers who sell the most homes in the luxury class, value them.
â The Kongsseter at Voksenkollen in Oslo is valued at NOK 200 million.
â MĂ„gerĂž, in TjĂžme, a private summer house, is valued at 120 million
â Prinsehytte in Sikkilsdalen, Jotunheimen, a large property in the mountains, is estimated to be worth 70 million.
â Skagum in Asker, the crown prince's residence, has an estimated value of 800 million.
Traditionally, the Kongsseteren and Prinsehytta have followed the sitting monarch, so King Haakon is assumed to take them over.
The summer resort MĂ„gerĂž is considered the most interesting point in the inheritance settlement as it is not tied to the title in the same way, says Ole-JĂžrgen Schulsrud-Hansen to E24.
The house has been the royal couple's private summer residence since they sold Berget pÄ TjÞme in 1992, which was Queen Sonja's private property. She brought the property into the marriage. When King Harald and Queen Sonja married in 1968, they entered into an agreement on complete individual property, Queen Sonja kept the Mountain.
Princess MĂ€rtha Louise received the cottage Bloksberg on HankĂž as an advance on the inheritance in 2001. The cottage had been in the royal family's possession since the then Crown Prince Olav bought it in 1947. It is not known whether public funds were used for the purchase. MĂ€rtha Louise sold the cottage for 26 million in 2020.
In addition to the properties, there is, as previously mentioned, invested money and privately owned crown jewels - the value of which is in principle impossible to determine. The royal couple also have several other smaller holiday homes.
Main heirs are King Haakon and Princess MĂ€rtha Louise. They signed a prenuptial agreement in 2001, which means that their respective individual assets are kept out of inheritance negotiations.
At the moment, it is unclear whether Crown Princess Ingrid Alexandra and Prince Sverre Magnus will inherit directly now. If Queen Sonja chooses to sit in an unchanged nest, the big inheritance settlement will also be postponed. According to Norwegian law, a surviving spouse is entitled to a quarter of the inheritance when there are children.
Regarding Marius Borg HĂžiby, Ole-JĂžrgen Schulsrud-Hansen notes that he was considered King Harald's grandson, but that his possible share of the inheritance is probably strictly regulated in a will.
- It cannot be ruled out that he will inherit.
