Bavaria’s Best Kept Secret – Bavarian Royals Still Receiving Millions

Bavaria’s Best Kept Secret – Bavarian Royals Still Receiving Millions

By  Sunday, 7.2.2016, 18:19    General News

Almost 100 years after the end of the monarchy in Bavaria, it is still lucrative to be a member of the former ruling family of Wittelsbach, the Süddeutsche Zeitung reports. Members of the family are still receiving some 14 million euros, distributed by the Wittelsbach Compensation Fund (WAF). This Foundation was established in 1923 by the Free State of Bavaria to continue payment to members of the Wittelsbach dynasty.

The money goes to the head of the house, Franz Duke of Bavaria, and to the heads of the various branches of the family, which then redistribute it within their line. The exact key is secret; Franz of Bavaria receives by far the largest part of the payment. One of the best kept secrets of Bavaria wasn’t the Foundation itself, but the annual amount paid and the assets of the WAF, which amount to 348 million euros, according to the Ministry of Finance.

The Ministry is currently engaged in a legal dispute with the WAF over how much money the fund may pay out and the control rights of the Free State of Bavaria. The Ministry lost at first instance.

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Vilijam Zufic

Translator (German, Croatian, English), guide and unacknowledged blogging genius. Born and lives in Pula, Istria, Croatia. Educated in Germany, Croatia and the United States, economics graduate. Currently beginning to prepare to train for pulling himself up by his bootstraps. Married with children. Father of Croatia’s greatest football talent. Knows all there is to know about Istria, camping and bratwurst. At the verge of something big with the only German language blog on Istria No sense of humour. Here to meet like-minded people.

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