Eritrea real clear politics's Weblog

January 22, 2009

The Dutch House of Orange have lost half of their financial wealth on Wall Street

Filed under: Economics — eritrearealclearpolitics @ 9:49 am

According to Private magazine is not even Dutch royal family escaped to the global financial crisis. The Dutch House of Orange would be just a significant part of their assets have lost on Wall Street. The queen Beatrix and her sons have to be quite a few millions entrusted to Bernard Madoff, the highly respected stock market guru at the end of last year was arrested in connection with one of the biggest scandals ever. It is estimated that this man, who once was chairman of the Nasdaq, more than 50 billion dollars later disappear. This is the source in a private portion of the family capital of the Dutch House of Orange evaporated. It is estimated that the family between 20 and 60 million euro loss in the pyramid game practices Bernie Madoff.

Queen Beatrix was “shocked and upset,” writes the weekly. Prince Willem Alexander responded with only a brief “oh” in the drama, but Friso brother, also known as’ Affairs Prince ‘record is, the loss would have seen less airy. Speculation is that this is because Friso a few years ago even before gambled wrong on the stock exchange.

A poor consolation is the fact that Dutch royal family is not the only major world that with the stock market fraudster the ship have gone. Even Steven Spielberg, Kevin Bacon and wife Kyra Sedgwick, L’Oreal heiress Liliane Bettancourt, and Nobel Laureate Elie Wiesel would be damaged by the same crook.

M.Zeru Tseggai

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