Spain’s King Felipe VI has renounced any future personal inheritance he could receive from his father, King Emerit Juan Carlos I, over the alleged financial irregularities involving the former monarch, the country’s royal house announced on March 15.
The royal house said in a statement that in addition to renouncing his inheritance, Felipe is stripping Juan Carlos of his annual stipend. In 2018, the former monarch received 194,232 euros ($216,000).
