There are millions of pounds at stake in the Earl of Snowdon’s divorce

Queen Elizabeth II visits Church of St Mary the Virgin

The Earl of Snowdon’s divorce is interesting for so many reasons. It’s the second royal (or royal-adjacent) divorce to be announced this month, and it’s the second divorce which has seemingly come out of nowhere – there was no advance gossip about Peter Phillips’ marriage, nor was there recent gossip about the Snowdons. It’s also interesting because… well, I did NOT know that the Earl of Snowdon was so friggin’ rich. Did you know that? The Daily Mail had some details about what kind of money and property is at stake in the Snowdon divorce:

The Queen’s nephew David Linley could be set for a battle over millions of pounds in assets with his wife after the pair announced they were set to divorce. The Earl of Snowdon and his wife Serena, Countess of Snowdon are splitting ‘amicably’ after some 25 years of marriage. The Earl, who is 21st in line to the throne, has amassed a fortune of millions and is famously motivated by wealth, once admitting that money ‘drives him, and always has.’

The couple and their two children, Charles, Viscount Linley, 20, and Lady Margarita, 17, are understood to divide their time between a flat in Chelsea, a ‘tiny’ cottage in Gloucestershire and the Chateau d’Autet in Provence. Serena is the daughter of debutante Virginia Freeman-Jackson and the 12th Earl of Harrington Viscount Petersham, the London landowner reportedly worth up to £250million.

Her husband, meanwhile, owns Chateau d’Autet, a 19th-century French hunting lodge in the foothills of Mount Luberon, France, which he bought for £800,000 in 1998. He was also bequeathed his late father’s Kensington townhouse. The property in west London’s exclusive enclave was bought for Snowdon by the Queen for £70,000 on his divorce and held in trust for his children, and is now thought to be worth £10 million. The pair are now preparing to divide their combined wealth as they go their separate ways.

In 1982, Linley founded his bespoke furniture making business, David Linley & Company, later known simply as Linley. The company also provides interior design and upholstery products. The Daily Mail reported on accounts filed in April 2017 which showed a return to profit for the company, with sales jumping from £6.9million to £13.5million while a loss of £1.9million turned into a profit of £337,000. The most recent accounts filed with Companies House for the year ended June 2018 show a turnover of £11.1million and profits of about £528,000.

[From The Daily Mail]

It should be noted – given recent, petty events – that the second Earl of Snowdon has never been “royal” and never been styled as an HRH. He’s merely the son of a “blood princess” and the titled nephew of the Queen. And he was allowed to set up his own profitable business and buy and sell real estate and more. Interesting. I also didn’t know he married such a blue-blood aristocrat. Hm.

Embed from Getty Images

Viscount David Linley at the Linley Artisan Studio at the 2017 RHS Chelsea Flower Show, The Royal Hospital, Chelsea, London, SW3 4SR on VIP & Press Day on Monday 22 May 2017.

Photos courtesy of WENN, Getty and Avalon Red.

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22 Responses to “There are millions of pounds at stake in the Earl of Snowdon’s divorce”

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  1. Sofia says:

    If the divorce is amicable and they’ve been separated for a bit then I don’t think she’s got any reason to take him to the cleaners. Plus their youngest turns 18 soon so no custody battles or anything like that.

    She’ll probably get a place of her own and a cheque.

  2. anon says:

    The energy coming off these two kind of says it all. Pure misery.

    Welp. Maybe they can just get on with it.

  3. Eugh says:

    A £70,000 house now being worth £10 million is such dream paydirt

  4. Cee says:

    They’re all rich!

  5. notasugarhere says:

    Interesting he’s so rich now, when they insisted they had to sell off the Politmore tiara to pay death duties on Margaret’s estate.

    • Murphy says:

      Absolutely what I wondered. Also–is Lady Sarah as well off as he?

      • notasugarhere says:

        His will was £3.2million in 2017, divided among four of his five children (he cut one out). It sounds like David made out the best because he inherited the real estate.

    • 10KTurtle says:

      RIP the mighty Poltimore!

    • Courtney B says:

      There’s cash rich and cash poor. Those death duties were high and why hold on to such a huge tiara when you can keep the bulk of other items instead. Royal auctions weren’t uncommon at all. I never understood why Margaret’s seemed to cause pearl clutching by the press.

  6. bluemoonhorse says:

    25 years of marriage? Yeah she deserves half the cut. He didn’t maintain and accumulate all that wealth on his own.

  7. Becks1 says:

    I’m not surprised he’s rich, but I didn’t realize his wife was such an aristocrat either.

    • BayTampaBay says:

      Serena fathers is the 12th Earl of Harrington.

      Through her father, she is a descendant of King Charles II of England’s illegitimate child, Henry FitzRoy, 1st Duke of Grafton, which makes her a distant cousin of Diana, Princess of Wales, and of other members of the British royal family.

      Serena’s family is older and more English than the Windsor-Mountbatten-Glucksburgs, Therefore, her blood is bluer than David Linley Snowdon’s.

      • Lizzie says:

        Honestly it’s not hard to be more English than the Mountbatton – Saxe-Coburg and Gotha bunch.

  8. memz4dayz says:

    All I got out of that was that one kid is called Lady Margarita. Best name ever.

  9. MaryContrary says:

    Uh-she’s the one with the big bucks-her family is LOADED.

  10. Alyse says:

    Wow does he look like his father!!!!!