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Case file s470 · Royalty · 2014
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2014
Felipe VI: Daiga Mieriņa tiekas ar Spānijas karali - 53814974005 (cropped)-2
Felipe VI. Saeima. CC BY-SA 2.0, Wikimedia Commons.
Died
living; abdicated 2 June 2014
Place
Madrid, Spain; Abu Dhabi, UAE · United Arab Emirates
Field
Royalty (Spain, Bourbon) · Royalty and nobility on the timeline
Legal tradition
Spanish civil law; English law (Larsen claim) · Common law · Civil law
Historical event
Abdication of Juan Carlos I; Spanish and Swiss corruption investigations
Religion
Felipe VI: Catholic (recorded as Catholicism on Wikidata; 20th-century Roman Catholics, 21st-century Roman Catholics, Spanish Roman Catholics on Wikipedia)
Member of
Spanish Royal Family (Wikidata)
RoyaltyCrowns and successionGiven awayNowMiddle EastEuropeUnited Arab Emirates

Spain's King Felipe renounced his father's inheritance after a $100 million Saudi payment came to light, and Juan Carlos left for Abu Dhabi

Juan Carlos I restored democracy in Spain after Franco. In April 2012 he broke his hip on an elephant hunt in Botswana with Corinna Larsen, a businesswoman. He abdicated in 2014 in favour of his son Felipe. Swiss prosecutors later found that in 2008 a Panamanian foundation linked to him had received $100 million from the King of Saudi Arabia, and that in 2012 he had transferred about €65 million to Larsen†. On 15 March 2020 the palace announced that Felipe renounced any personal inheritance from his father and withdrew his father's public allowance. In August 2020 Juan Carlos moved to Abu Dhabi. Swiss prosecutors closed their inquiry in 2021 and Spanish prosecutors closed theirs in March 2022, citing immunity, time limits and tax payments he had made†. Larsen sued him for harassment in London. In 2022 the Court of Appeal held he had immunity for acts before his abdication, and in October 2023 the High Court ruled England had no jurisdiction. He published a memoir in 2025†.

What the law took from it

An heir can renounce an inheritance in advance to separate his own position from his father's money.

Sources
  1. euronews.comPress
  2. catalannews.comPress
  3. Wikipedia (English)Encyclopedia

Cite as: celebrity.estate, “Spain's King Felipe renounced his father's inheritance after a $100 million Saudi payment came to light, and Juan Carlos left for Abu Dhabi,” story s470, https://www.celebrity.estate/spains-king-felipe-renounced-his-fathers-2014, updated 30 October 2026.

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Where this case sits

RoyaltyCrowns and successionGiven awayNowMiddle EastEuropeCommon lawCivil lawUnited Arab Emirates