The dictator who ruled Spain between 1938 and 1973 left his wife and daughter 28.5 million pesetas and numerous estates and palaces.
On Thursday, July 25, the Spanish Ministry of Culture announced by decree that the Government has already begun to process the extinction of the Francisco Franco Foundation. The procedure will be carried out in three phases, although the times and deadlines were not detailed. The Foundation, which was chaired by the dictator’s daughter, Carmen Franco y Polo, from its beginnings until his death in 2017, and currently by his great-grandson Luis Alfonso de Borbón y Martínez-Bordiú, was created to “disseminate and promote the study and knowledge of the life, thought, legacy and work” of Franco.
This “legacy” is not the only thing left by the dictator who ruled Spain between 1938 and 1973. After his death on November 20 of that same year, Franco left the inheritance in a will that he made almost eight years before his death. In it he gave 28.5 million pesetas to his wife, Carmen Polo, and his daughter, also called Carmen. Likewise, Franco also left them securities in companies and accounts, mansions, other estates and properties. The best known is the Pazo de Meirás, which was owned by the writer Emilia Pardo Bazán.
Mansion
His properties: from palaces to estates
Franco’s fortune is speculated to have been between 1,000 and 100,000 million pesetas, but since many properties were in the name of front men and were later sold, it was not possible to determine this. However, when Franco died, 22 properties were listed in Madrid, Córdoba, A Coruña, Guadalajara and Málaga. In addition, assets in the Philippines, Miami or Switzerland were unknown.
In November 1937, in the midst of the Civil War, José María de Palacio y Abarzuza, Count of Las Almenas, left Franco the Canto del Pico estate, measuring 820,000 square metres, with the Casa del Viento, a palace declared a national monument. This legacy, sold in 1988 for 320 million pesetas to a hotel entrepreneur, made Franco’s grandchildren millionaires. Today, the grandchildren own up to 27 estates in Sada.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
