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Fortune

Alice Hearing

Why royal families from Britain to Denmark will be following Big Tech and downsizing in 2023

Denmark Britain Margre II

King Felipe of Spain, King Charles and Queen Margrethe II of Denmark in a photo illustration. (Credit: Photo Illustration by Fortune; Photos by Getty images (4))

This past year has marked a big shift for monarchies on a global scale.

While the power held by royal families has been on the wane for a century, the decline picked up speed in 2022 — and is expected to accelerate further in 2023.

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