The Incredibly Fabulous Life of Spain’s Prince Felipe

PHOTO: Princess Letizia and Prince Felipe of Spain celebrate their 10th Wedding Anniversary visiting El Greco exhibition at the Santa Cruz museum, May 22, 2014, in Toledo, Spain.
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The incoming king of Spain, Crown Prince Felipe, 46, represents a "new generation" said his father, who announced that he is abdicating the throne.

King Juan Carlos, 76, has been the country's royal leader for the last 39 years.

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Here are the most fascinating facts about his son, Prince Felipe:

He was an Olympic yachtsman

Felipe was a member of Spain's Olympic yachting team at the 1992 summer games in Barcelona.

PHOTO: Spains Crown Prince Felipe, second right, steers the Aifos sailboat during the 32nd Copa del Rey Regatta off the coast of Palma de Mallorca on July 31, 2013.
Jaime Reina/AFP/Getty Images
PHOTO: Spain's Crown Prince Felipe, second right, steers the Aifos sailboat during the 32nd Copa del Rey Regatta off the coast of Palma de Mallorca on July 31, 2013.

He served in the Spanish military

Felipe graduated from Spanish military academy as a helicopter pilot, lieutenant-colonel in the army and air force and navy frigate commander.

PHOTO: Felipe de Borbón, Prince of Asturias, in the Air Force base of Zaragoza Prince Felipe doing the military salutation beside the minister of Defense, Eduardo Serra, and other officers, Jan. 1, 2003.
Jose R. Platon/Cover/Getty Images
PHOTO: Felipe de Borbón, Prince of Asturias, in the Air Force base of Zaragoza Prince Felipe doing the military salutation beside the minister of Defense, Eduardo Serra, and other officers, Jan. 1, 2003.

He married a TV star, Letizia, in 2004

He also has two daughters: Leonor and Sofia.

PHOTO: Crown Prince Felipe Of Spain, Prince Of The Asturias, laughing with his bride Crown Princess Letizia in the royal palace after their wedding, May 22, 2004.
Tim Graham/Getty Images
PHOTO: Crown Prince Felipe Of Spain, Prince Of The Asturias, laughing with his bride Crown Princess Letizia in the royal palace after their wedding, May 22, 2004.

He is the monarch's only son.

Felipe has two elder sisters.

PHOTO: Spanish Royals King Juan Carlos and Queen Sofia and Prince Felipe at Zarzuela Palace on May 28, 2014 in Madrid, Spain.
Pablo Cuadra/Getty Images
PHOTO: Spanish Royals King Juan Carlos and Queen Sofia and Prince Felipe at Zarzuela Palace on May 28, 2014 in Madrid, Spain.

Felipe has represented Spain at the swearing-in ceremonies for presidents in Latin America since 1996

This role reflects his interest in relations with Spain's former colonies, the BBC reports.

PHOTO: Crown Prince Felipe on January 23, 1986, at the Zarzuela Palace in Madrid for his swearing-in ceremony as Crown Prince.
AFP/Getty Images
PHOTO: Crown Prince Felipe on January 23, 1986, at the Zarzuela Palace in Madrid for his swearing-in ceremony as Crown Prince.

Felipe has been educated in Spain and the US

He graduated with a law degree from the Madrid Autonomous University in 1993 and spent two years studying for a Masters in International Relations at Georgetown University in Washington, D.C.

He spent a year at Lakefield College School in Canada as a youth.

PHOTO: Prince Felipe (C) of Spain is congratulated by Dr. Sally Anne Baynard (L), a lecturer at Georgetown University, and Dean of Foreign Service Peter Krogh (R) at Georgetown University, May 26, 1995.
Jamal Wilson/AFP/Getty Images
PHOTO: Prince Felipe (C) of Spain is congratulated by Dr. Sally Anne Baynard (L), a lecturer at Georgetown University, and Dean of Foreign Service Peter Krogh (R) at Georgetown University, May 26, 1995.

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