Edward VIII of the United Kingdom Net Worth

He was baptised Edward Albert Christian George Andrew Patrick David in the Green Drawing Room of White Lodge on 16 July 1894 by Edward White Benson, Archbishop of Canterbury. The names were chosen in honour of Edward's late uncle, who was known to his family as "Eddy" or Edward, and his great-grandfather King Christian IX of Denmark. The name Albert was included at the behest of Queen Victoria for her late husband Albert, Prince Consort, and the last four names – George, Andrew, Patrick and David – came from the Patron Saints of England, Scotland, Ireland and Wales. He was always known to his family and close friends by his last given name, David.

Initially, Edward was tutored at home by Helen Bricka. When his parents travelled the British Empire for almost nine months following the death of Queen Victoria in 1901, young Edward and his siblings stayed in Britain with their grandparents, Queen Alexandra and King Edward VII, who showered their grandchildren with affection. Upon his parents' return, Edward was placed under the care of two men, Frederick Finch and Henry Hansell, who virtually brought up Edward and his brothers and sister for their remaining nursery years.

Edward was kept under the strict tutorship of Hansell until almost thirteen years old. Private tutors taught him German and French. Edward took the examination to enter the Royal Naval College, Osborne, and began there in 1907. Hansell had wanted Edward to enter school earlier, but the prince's father had disagreed. Following two years at Osborne College, which he did not enjoy, Edward moved on to the Royal Naval College at Dartmouth. A course of two years, followed by entry into the Royal Navy, was planned. A bout of mumps may have made him infertile.

Edward automatically became Duke of Cornwall and Duke of Rothesay on 6 May 1910 when his father ascended the throne as George V on the death of Edward VII. He was created Prince of Wales and Earl of Chester a month later on 23 June 1910, his 16th birthday. Preparations for his Future as king began in earnest. He was withdrawn from his naval course before his formal graduation, served as midshipman for three months aboard the battleship Hindustan, then immediately entered Magdalen College, Oxford, for which, in the opinion of his biographers, he was underprepared intellectually. A keen horseman, he learned how to play polo with the university club. He left Oxford after eight terms, without any academic qualifications.

Edward was officially invested as Prince of Wales in a special ceremony at Caernarfon Castle on 13 July 1911. The investiture took place in Wales, at the instigation of the Welsh Politician David Lloyd George, Constable of the Castle and Chancellor of the Exchequer in the Liberal government. Lloyd George invented a rather fanciful ceremony in the style of a Welsh pageant, and coached Edward to speak a few words in Welsh.

When the First World War broke out in 1914, Edward had reached the minimum age for active Service and was keen to participate. He had joined the Grenadier Guards in June 1914, and although Edward was willing to serve on the front lines, Secretary of State for War Lord Kitchener refused to allow it, citing the immense harm that would occur if the heir to the throne were captured by the enemy.

Despite this, Edward witnessed trench warfare first-hand and visited the front line as often as he could, for which he was awarded the Military Cross in 1916. His role in the war, although limited, made him popular among veterans of the conflict. Edward undertook his first military FLIGHT in 1918, and later gained a pilot's licence.

In 1917, during the First World War, he began a love affair with Parisian courtesan Marguerite Alibert (later Fahmy), who kept a collection of his indiscreet letters after he broke off the affair in 1918 to begin one with an English married woman, Freda Dudley Ward, a textile heiress.

In 1919 the Prince agreed to be President of the organising committee for the proposed British Empire Exhibition at Wembley Park, north-west London. The Prince wished the Exhibition to include "a great national Sports ground", and so played a part in the creation of Wembley Stadium.

Edward's womanising and reckless behaviour during the 1920s and 1930s worried Prime Minister Stanley Baldwin, King George V, and those close to the Prince. Alan Lascelles, the prince's private secretary for eight years during this period, believed that "for some hereditary or physiological reason his normal mental development stopped dead when he reached adolescence". George V was disappointed by his son's failure to settle down in life, disgusted by his affairs with married women, and was reluctant to see him inherit the Crown. "After I am dead," George said, "the boy will ruin himself in twelve months."

Second-in-line to the throne was the prince's younger brother Albert ("Bertie"). Albert and his wife, Elizabeth (later the Queen Mother), had two children, including Princess Elizabeth ("Lilibet"), the Future Queen Elizabeth II. George V favoured Albert and his granddaughter Elizabeth and told a courtier, "I pray to God that my eldest son will never marry and have children, and that nothing will come between Bertie and Lilibet and the throne." In 1929, Time magazine reported that the Prince of Wales teased his sister-in-law, by calling her "Queen Elizabeth". The magazine asked if "she did not sometimes wonder how much truth there is in the story that he once said he would renounce his rights upon the death of George V – which would make her nickname come true".

In 1930, George V gave the Prince the lease of Fort Belvedere in Windsor Great Park. There, he continued his relationships with a series of married women, including Freda Dudley Ward and Lady Furness, the American wife of a British peer, who introduced the Prince to her friend and fellow American Wallis Simpson. Simpson had divorced her first husband, U.S. naval officer Win Spencer, in 1927. Her second husband, Ernest Simpson, was a British-American businessman. Wallis Simpson and the Prince of Wales, it is generally accepted, became lovers, while Lady Furness travelled abroad, although the Prince adamantly insisted to his father that he was not having an affair with her and that it was not appropriate to describe her as his mistress. Edward's relationship with Simpson, however, further weakened his poor relationship with his father. Although King George V and Queen Mary met Simpson at Buckingham Palace in 1935, they later refused to receive her.

Edward proposed an alternative solution of a morganatic marriage, in which he would remain king but Simpson would not become queen. She would enjoy some lesser title instead, and any children they might have would not inherit the throne. This too was rejected by the British Cabinet as well as other Dominion governments, whose views were sought pursuant to the Statute of Westminster 1931, which provided in part that "any alteration in the law touching the Succession to the Throne or the Royal Style and Titles shall hereafter require the assent as well of the Parliaments of all the Dominions as of the Parliament of the United Kingdom." The Prime Ministers of Australia (Joseph Lyons), Canada (Mackenzie King) and South Africa (J. B. M. Hertzog) made clear their opposition to the king marrying a divorcée; their Irish counterpart (Éamon de Valera) expressed indifference and detachment, while the Prime Minister of New Zealand (Michael Joseph Savage), having never heard of Simpson before, vacillated in disbelief. Faced with this opposition, Edward at first responded that there were "not many people in Australia" and their opinion did not matter.

On 12 December 1936, at the accession meeting of the Privy Council of the United Kingdom, George VI announced he was to make his brother the "Duke of Windsor" with the style of Royal Highness. He wanted this to be the first act of his reign, although the formal documents were not signed until 8 March the following year. During the interim, Edward was universally known as the Duke of Windsor. George VI's decision to create Edward a royal duke ensured that he could neither stand for election to the House of Commons nor speak on political subjects in the House of Lords.

In October 1937, the Duke and Duchess visited Nazi Germany, against the advice of the British government, and met Adolf Hitler at his Berghof retreat in Bavaria. The visit was much publicised by the German media. During the visit the Duke gave full Nazi salutes. In Germany, "they were treated like royalty ... members of the aristocracy would bow and curtsy towards her, and she was treated with all the dignity and status that the duke always wanted," according to royal biographer Andrew Morton.

On the outbreak of the Second World War in September 1939, the Duke and Duchess were brought back to Britain by Louis Mountbatten on board HMS Kelly, and Edward, although an honorary field marshal, was made a major-general attached to the British Military Mission in France. In February 1940, the German ambassador in The Hague, Count Julius von Zech-Burkersroda, claimed that the Duke had leaked the Allied war plans for the defence of Belgium, which the Duke later denied. When Germany invaded the north of France in May 1940, the Windsors fled south, first to Biarritz, then in June to Spain. In July the pair moved to Lisbon, Portugal, where they lived at first in the home of Ricardo Espírito Santo, a Portuguese banker with both British and German contacts. Under the code name Operation Willi, Nazi agents, principally Walter Schellenberg, plotted unsuccessfully to persuade the Duke to leave Portugal and return to Spain, kidnapping him if necessary. Lord Caldecote wrote a warning to Winston Churchill: "[the Duke] is well-known to be pro-Nazi and he may become a centre of intrigue." Churchill threatened the Duke with a court-martial if he did not return to British soil.

The Allies became sufficiently disturbed by German plots revolving around the Duke that President Roosevelt ordered covert surveillance of the Duke and Duchess when they visited Palm Beach, Florida, in April 1941. Duke Carl Alexander of Württemberg (then a monk in an American monastery) had told the Federal Bureau of Investigation that the Duchess had slept with the German ambassador in London, Joachim von Ribbentrop, in 1936, had remained in constant contact with him, and had continued to leak secrets.

Author Charles Higham claimed that Anthony Blunt, an MI5 agent and Soviet spy, acting on orders from the British royal family, made a successful secret trip to Schloss Friedrichshof in Germany towards the end of the war to retrieve sensitive letters between the Duke of Windsor and Adolf Hitler and other leading Nazis. What is certain is that George VI sent the Royal Librarian, Owen Morshead, accompanied by Blunt, then working part-time in the Royal Library as well as for British intelligence, to Friedrichshof in March 1945 to secure papers relating to the German Empress Victoria, the eldest child of Queen Victoria. Looters had stolen part of the castle's archive, including surviving letters between daughter and mother, as well as other valuables, some of which were recovered in Chicago after the war. The papers rescued by Morshead and Blunt, and those returned by the American authorities from Chicago, were deposited in the Royal Archives.

At the end of the war, the couple returned to France and spent the remainder of their lives essentially in retirement as the Duke never occupied another official role after his wartime governorship of the Bahamas. Correspondence between the Duke and Kenneth de Courcy, dated between 1946 and 1949, emerged in a US library in 2009. The letters suggest a plot where the Duke would return to England and place himself in a position for a possible regency. The health of George VI was failing and de Courcy was concerned about the influence of the Mountbatten family over the young Princess Elizabeth. De Courcy suggested the Duke buy a working agricultural estate within an easy drive of London in order to gain favour with the British public and make himself available should the King become incapacitated. The Duke, however, hesitated and the King recovered from his surgery.

The Duke and Duchess effectively took on the role of celebrities and were regarded as part of café society in the 1950s and 1960s. They hosted parties and shuttled between Paris and New York; Gore Vidal, who met the Windsors socially, reported on the vacuity of the Duke's conversation. The couple doted on the pug dogs they kept.

The Duke's allowance was supplemented by government favours and illegal currency trading. The City of Paris provided the Duke with a house at 4 Route du Champ d'Entraînement, on the Neuilly-sur-Seine side of the Bois de Boulogne, for a nominal rent. The French government exempted him from paying income tax, and the couple were able to buy goods duty-free through the British embassy and the military commissary. In 1951, the Duke produced a ghost-written memoir, A King's Story, in which he expressed disagreement with liberal politics. The royalties from the book added to their income. Nine years later, he penned a relatively unknown book, A Family Album, chiefly about the fashion and habits of the royal family throughout his life, from the time of Queen Victoria to that of his grandfather and father, and his own tastes.

The royal family never fully accepted the Duchess. Queen Mary refused to receive her formally. However, Edward sometimes met his mother and brother George VI, and attended George's funeral in 1952. Queen Mary remained angry with Edward and indignant over his marriage to Wallis: "To give up all this for that", she said. In 1965, the Duke and Duchess returned to London. They were visited by Elizabeth II, his sister-in-law Princess Marina, Duchess of Kent, and his sister Mary, Princess Royal and Countess of Harewood. A week later, the Princess Royal died, and they attended her memorial Service. In 1967, they joined the royal family for the centenary of Queen Mary's birth. The last royal ceremony the Duke attended was the funeral of Princess Marina in 1968. He declined an invitation from Elizabeth II to attend the investiture of the Prince of Wales in 1969, replying that Prince Charles would not want his "aged great-uncle" there.

In June 1953, instead of attending the coronation of his niece in London, the Duke and Duchess watched the ceremony on television in Paris. The Duke said that it was contrary to precedent for a Sovereign or former Sovereign to attend any coronation of another. The Duke was paid to write articles on the ceremony for the Sunday Express and Woman's Home Companion, as well as a short book, The Crown and the People, 1902–1953.

In 1955, they visited President Dwight D. Eisenhower at the White House. The couple appeared on Edward R. Murrow's television interview show Person to Person in 1956, and a 50-minute BBC television interview in 1970. That year, they were invited as guests of honour to a dinner at the White House by President Richard Nixon.

On 28 May 1972, ten days after the Queen's visit, the Duke died at his home in Paris, less than a month before his 78th birthday. His body was returned to Britain, lying in state at St George's Chapel, Windsor Castle. The funeral Service was held in the chapel on 5 June in the presence of the Queen, the royal family, and the Duchess of Windsor who stayed at Buckingham Palace during her visit. He was buried in the Royal Burial Ground behind the Royal Mausoleum of Queen Victoria and Prince Albert at Frogmore. Until a 1965 agreement with Queen Elizabeth II, the Duke and Duchess had planned for a burial in a cemetery plot they had purchased at Green Mount Cemetery in Baltimore, where the Duchess's father was interred. Frail, and suffering increasingly from dementia, the Duchess died 14 years later, and was buried alongside her husband.

In the view of historians, such as Philip Williamson writing in 2007, the popular perception in the 21st century that the abdication was driven by politics rather than religious morality is false and arises because divorce has become much more Common and socially acceptable. To modern sensibilities, the religious restrictions that prevented Edward from continuing as king while planning to marry Simpson "seem, wrongly, to provide insufficient explanation" for his abdication.