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===Net worth=== {{see also|List of the richest royals}} Unlike other royal houses, there has always been a separation in the Netherlands between what was owned by the state and used by the House of Orange in their offices as monarch, or previously, stadtholder, and the personal investments and fortune of the House of Orange.{{citation needed|date=June 2013}} As [[Monarchy of the Netherlands|monarch]], the King or Queen has use of, but not ownership of, the [[Huis ten Bosch]] as a residence and [[Noordeinde Palace]] as a work palace. In addition, the [[Royal Palace of Amsterdam]] is also at the disposal of the monarch (although it is only used for state visits and is open to the public when not in use for that purpose). [[Soestdijk Palace]] was sold to private investors in 2017. The [[Dutch Royal Regalia|crown jewels]], comprising the [[crown (headgear)|crown]], [[Globus cruciger|orb and sceptre]], [[Sword of State]], royal banner, and ermine mantle have been placed in the Crown Property Trust. The trust also holds the items used on ceremonial occasions, such as the carriages, table silver, and dinner services.<ref>{{cite web|url=http://www.koninklijkhuis.nl/english/content.jsp?objectid=13343|title=Dutch Royal House β Movable Property|access-date=2008-06-29| archive-url = https://web.archive.org/web/20070929135903/http://www.koninklijkhuis.nl/english/content.jsp?objectid=13343| archive-date = 29 September 2007}}</ref> The Royal House is also [[Monarchy of the Netherlands#Royal privileges|exempt from income, inheritance, and personal tax]].<ref>{{in lang|nl}} [[wikisource:nl:Nederlandse grondwet/Hoofdstuk 2#Artikel 40|Constitution for the Kingdom of the Netherlands]] Article 40 (Dutch edition of WikiSource)</ref><ref>{{cite web|url=https://www.government.nl/documents/regulations/2012/10/18/the-constitution-of-the-kingdom-of-the-netherlands-2008|title=The Constitution of the Kingdom of the Netherlands 2008|first=Ministerie van Binnenlandse Zaken en|last=Koninkrijksrelaties|website=www.government.nl|date=18 October 2012}}</ref> The House of Orange has long had the reputation of being one of the wealthier royal houses in the world, largely due to their business investments in [[Royal Dutch Shell]], [[Philips]] electronics company, [[KLM|KLM-Royal Dutch Airlines]], and the [[Holland-America Line]]. How significant these investments are is a matter of conjecture, as their private finances, unlike their public stipends as monarch, are not open to public scrutiny.<ref name=ForbesRoyals2010>"[https://web.archive.org/web/20100710144237/http://www.forbes.com/2010/07/07/richest-royals-wealth-monarch-wedding-divorce-billionaire_slide_2.html In Pictures: The World's Richest Royals]." ''Forbes''. 7 July 2010. 30 September 2010.</ref> As late as 2001, the fortune of the Royal Family was estimated by various sources (''Forbes'' magazine) at $3.2 billion. Most of the wealth was reported to come from the family's longstanding stake in the [[Royal Dutch Shell|Royal Dutch/Shell Group]]. At one time, the Oranges reportedly owned as much as 25% of the oil company; their stake is in 2001 was estimated at a minimum of 2%, worth $2.7 billion on the May 21 cutoff date for the Billionaires issue. The family also was estimated to have a 1% stake in financial services firm [[ABN-AMRO]].<ref>"[https://www.forbes.com/2001/06/26/0626queens.html How Much Is Queen Elizabeth Worth?]." ''Forbes'' 26 June 2001.</ref><ref>"[https://web.archive.org/web/20020811075717/http://www.forbes.com/2002/03/04/royalsphotoshow_2.html Royal Flush]." ''Forbes'' 4 March 2002.</ref> The royal family's fortune seems to have been hit by declines in real estate and equities after 2008. They were also rumored to have lost up to $100 million when [[Bernard Madoff]]'s [[Madoff investment scandal|Ponzi scheme collapsed]], though the royal house denies the allegations.<ref>"[https://www.forbes.com/2009/06/17/monarchs-wealth-scandal-business-billionaires-richest-royals_slide_15.html Monarchs and the Madoff Scandal]." ''Forbes''. 17 June 2009.</ref> In 2009, ''Forbes'' estimated Queen Beatrix's wealth at US$300 million.<ref>{{cite magazine|url=https://www.forbes.com/2007/08/30/worlds-richest-royals-biz-royals07-cx_lk_0830royalintro_slide_15.html?thisSpeed=30000 |title=In Pictures: The World's Richest Royals |magazine=Forbes.com |date=30 August 2007 |access-date=2010-03-05}}</ref> This could also have been due to splitting the fortune between Queen Beatrix and her 3 sisters, as there is no right of the eldest to inherit the whole property. A surge in export revenue, recovery in real estate and strong stock market have helped steady the royal family's fortunes, but uncertainty over the new government and future austerity measures needed to bring budget deficits in line may dampen future prospects. In July 2010, ''Forbes'' magazine estimated her net worth at $200 million<ref name="ForbesRoyals2010"/> This estimate was unchanged in April 2011.<ref name=ForbesRoyals2012>"[https://www.forbes.com/sites/investopedia/2011/04/29/the-worlds-richest-royals/ Report: The World's Richest Royals]." ''Forbes''. April 29, 2011.</ref>
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