Princess Beatrice to Wed a Property Tycoon

A royal wedding is coming in 2020. Princess Beatrice, ninth in line for the British throne, will marry multi-millionaire businessman Edoardo Mapelli Mozzi following their engagement in Italy earlier this month, Buckingham Palace announced Thursday. The 31-year-old daughter of Prince Andrew and Sarah, Duchess of York, is believed to have been dating the 34-year-old director of property development firm Banda—also the father of a two-year-old son—for about two years, per the BBC.

Mapelli Mozzi's "truly delighted" parents say the family has known Beatrice "for most of her life." People reports Mapelli Mozzi's late stepfather, Christopher Shale, was an old friend of the Duke and Duchess of York, who describe their future son-in-law as "a completely devoted friend and loyal young man." Beatrice even attended Shale's funeral in 2011. "We are both so excited to be embarking on this life adventure together," the couple says, noting "many similar interests and values." (More royal family stories.)