Here's why everyone's talking about Princess Beatrice's fiancé

Could another royal wedding be on the horizon?

Additional reporting by Emily Lambe

Princess Beatrice has just announced her engagement to partner Edoardo Mapelli Mozzi, with her parents, the Duke and Duchess of York, breaking the news.

‘The Duke and Duchess of York are delighted to announce the engagement of Her Royal Highness Princess Beatrice of York to Mr. Edoardo Mapelli Mozzi,’ Princess Beatrice’s parents announced in a statement. ‘Her Royal Highness and Mr. Mapelli Mozzi became engaged while away for the weekend in Italy earlier this month. The wedding will take place in 2020. Further details will be announced in due course.’

But who is Edoardo Mapelli Mozzi?

The couple are rumoured to have been dating for just over 12 months, but they have known each other for years, with Edoardo being a close friend of the family.

So what exactly do we know about the royal catch?

He's a low-key millionaire

Mozzi is a property developer in London. He is CEO of his own company, Banda, which he founded in 2007. 'He has considerable experience in the acquisition and funding of complex residential developments and the creation of joint ventures with both UK and international partners,' per his company bio.

He shares Princess Beatrice's passion for charity

Mozzi founded the charity Cricket Builds Hope, which uses cricket as a method of social change in Rwanda. Princess Beatrice is a patron of a number of charities including The Teenage Cancer Trust and The Edinburgh Children’s Hospital Charity.

He's already in with the parents

Edoardo's family have close ties with Beatrice's. 'They certainly didn’t need to go through a formal introduction to each other’s parents,' per a source at People. Christopher Shale, Edoardo's late step-father, was friends with Beatrice’s parents, Prince Andrew and Sarah Ferguson. Edoardo and Sarah Ferguson even follow each other on Twitter.

The relationship is moving quickly

According to a source at The Sun, 'They hit it off instantly and have a real laugh together. They’ve been on holiday together and Beatrice introduced him to Fergie and her dad.' And now, they are engaged. Is a royal baby next?

Congratulations to Beatrice and Edoardo!