Significant Salary Increase Anticipated for Queen Mary and King Frederik with Reign Transition
As Denmark welcomes a new era under King Frederik and Queen Mary, the royal duo is anticipated to receive a notable boost in their annual compensation following their ascension to the throne in 2024. The pair, who previously served in the capacities of Crown Prince and Princess, garnered over £1.5 million in the last year for their contributions to the Danish royal household, as outlined in a financial statement from the Danish Palace.
According to “GBN” portion of this sum, specifically £257,260, was allocated directly to then Crown Princess Mary as a grant. The transition of power occurred in January when King Frederik assumed the throne after Queen Margrethe II’s abdication, marking a significant shift in the royal lineage.
The state-funded income of the King and Queen also extends to supporting the lifestyle and duties of other dependent royal family members, with a significant portion directed towards housing and staffing necessities. After these essential expenditures, the royal couple had approximately £330,378 at their disposal for personal expenses, including travel and wardrobe.
Forecasts suggest an even more substantial salary for the monarchs in 2024. Queen Margrethe’s allocation in 2023 amounted to £6.7million, along with an additional private allowance of £1.4million, hinting at a considerable increase for King Frederik and Queen Mary.
Public opinion on royal compensation has been mixed, with a 2023 survey by the Danish newspaper Berlingske revealing varied perspectives: 52% of Danes believed Queen Margrethe’s remuneration was appropriate, while 30% deemed it excessive.
In a bid to curtail expenses, Queen Margrethe made the contentious decision to remove royal titles from the children of her younger son, Prince Joachim, in 2022.
The exact future earnings of King Frederik and Queen Mary remain undisclosed, as the Danish government is in the process of reforming the royal appanage system. This forthcoming legislation is expected to detail the royal household’s budget, including allocations for living costs and discretionary spending.
Notably, unlike their British counterparts, the Danish royal family enjoys a tax exemption. This financial update coincides with King Frederik, Queen Mary, and their children embarking on an international vacation, with Queen Margrethe temporarily assuming state responsibilities during their Easter break.
The destination of the royal family’s holiday remains confidential, with only confirmation that their travels will take them beyond Danish borders. Looking ahead, the King and Queen are scheduled to embark on their inaugural foreign state tour as monarchs, with plans to visit neighboring Scandinavian countries in May.