News

Serbian royals in financial hole before seeking Hunter Biden

By the time the cash-strapped Serbian royal family asked Hunter Biden for help maintaining their two palaces in Belgrade, they had already used up most of their own savings and tested the patience of even their most ardent benefactors, sources told The Post.

“They have repeatedly asked the government for financial help,” said a source close to the family. “And this is the wrong government asking for cash because Serbia is a relatively poor country and people are starting to get angry about it.”

The royals returned to Serbia in 2001 after a long exile in London following the 1941 Nazi and later Communist invasion of Yugoslavia. Serbia became a sovereign republic in 2006, five years after the fall of communist ruler Slobodan Milosevic in 2001.

Since their return, they have held a full-time ceremonial role and have not been employed.

Crown Prince Alexander and Crown Princess Katherine visited then-Vice President Biden and his wife Jill in 2009.
Crown Prince Alexander and Crown Princess Katherine visited then-Vice President Biden and his wife Jill in 2009.

The Serbian federal government pays the equivalent of $520,000 annually to maintain the sprawling palaces, one of which, according to press reports, is home to Crown Prince Alexander Karađorđević of Yugoslavia and his second wife, Crown Princess Katherine of Serbia. Katherine’s adult daughter from her first marriage, Alison Andrews, also lives with the couple.

Government money has recently fueled tensions between Alexander and his son Philip, the heir to the throne, who have called for more “transparency” about how the royal couple spends the money.

The palace has reportedly spent $2.87 million in government revenue over the past five years.

A look inside the White Palace in Belgrade.
A look inside the White Palace in Belgrade.
Getty Images
Hunter Biden and Joe Biden in a selfie from the younger Biden's laptop.
Hunter Biden and Joe Biden in a selfie from the younger Biden’s laptop.

“I don’t live in the palace and I’m not familiar with the distribution of the funds,” Philip told a Serbian daily last month. “The distribution of these funds will be overseen by Prince Alexander and Princess Katherine. When I asked for explanations on how these funds are used, they declined to answer.”

Katherine and Alexander met with Hunter Biden in November 2015 when Joe Biden was vice president and managed a broad international portfolio for the White House that included Serbia, The Post revealed. Shortly after the meeting, Alexander sent an email thanking Hunter.

“Katherine and I are very grateful to you for being so good to us and so understanding,” Alexander wrote in an email found on Hunter Biden’s abandoned computer.

Requests for comment from Prince Alexander and the Serbian government were not answered on Friday.

https://nypost.com/2022/07/02/serb-royals-in-financial-hole-before-they-sought-hunter-biden/ Serbian royals in financial hole before seeking Hunter Biden

JACLYN DIAZ

USTimeToday is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@ustimetoday.com. The content will be deleted within 24 hours.

Related Articles

Back to top button