The 1 Reason Princess Beatrice and Property Tycoon Edoardo Mapelli Mozzi Will Not Have a Prenup

By now you’ve heard that Prince Andrew and Sarah Ferguson‘s oldest daughter, Princess Beatrice, is engaged to property tycoon Edoardo Mapelli Mozzi and the two plan to tie the knot next year.

With another royal wedding in the future fans have plenty of questions about the couple’s upcoming nuptials. Not many details about the affair have been released yet but one thing that’s almost certain is that the pair won’t have a prenuptial agreement. Here’s the reason for that, plus how Mozzi made his fortune and how much the princess is worth.

Princess Beatrice and Edoardo Mapelli Mozzi
Princess Beatrice and Edoardo Mapelli Mozzi | David M. Benett/Dave Benett/Getty Images for Dom Perignon

Prenups are not common in the U.K.

The palace announced on Sept. 26, that Beatrice and Mozzi got engaged a few weeks ago while they were in Italy together. Their royal wedding will likely be the last in the family for several years and possibly the last one Queen Elizabeth II will witness.

While there will be lots of planning over the next few months about where they will say “I do,” which designer Beatrice will choose to create her dress, and who will make the guest list one thing that the couple won’t have to worry about is ironing out a prenuptial agreement. The reason is that unlike in America, prenups actually aren’t that common in the U.K. unless you’re a celebrity.

“It’s commonplace with celebrity marriage, but [not] a royal marriage,” said author and royal correspondent Katie Nicholl.

According to the Daily Mail, prenups aren’t even legally enforceable in England.

Most royals don’t have them

Princess Diana and Prince Charles | Patrick Riviere/Getty Images

There have been a few divorces in the royal family and in those cases no one had a prenup in place.

When Princess Diana and Prince Charles divorced, they simply reached a financial settlement between them. The same is true for Beatrice’s parents.

Moreover, when the princess’ cousins, William and Harry, and her sister, Eugenie, were married they did not have prenuptial agreements either. And even if any of them were to divorce their spouses the royal family’s fortune and properties are not at stake since the bulk of that belongs to the queen.

“You wouldn’t need a prenuptial agreement to stop Windsor Castle from being cut in half in the event [of a] divorce,” royal biographer Duncan Larcombe said.

Beatrice’s net worth and Mozzi’s fortune

Princess Beatrice has an estimated net worth of $4.6 million. She currently holds a job as the vice president of partnerships and strategy for the U.S.-based tech company Afiniti. Most of her wealth, however, reportedly comes from a trust fund set up for her by the late Queen Mother.

As for Mozzi, he has his own wealth. He co-founded the property development firm Banda in 2007 and today serves as its CEO. The company has developed properties for a number of wealthy clients over the years, making Mozzi a multi-millionaire. And a little known fact about him is just like his soon-to-be wife, he has a regal title as well.

Mozzi is a count, known as Count Edoardo Alessandro Mapelli Mozzi. He inherited the title from his father, former alpine skier Count Alessandro Mapelli Mozzi. Therefore, Beatrice could become a countess if she chooses.

Read more: Will Princess Beatrice Be the First Royal Stepmother in Queen Elizabeth’s Family?