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Disclaimer: I realize this scenario isn't really plausible, but I wonder whether it is very, very unlikely, or just flat-out impossible.

IOTL, Belgium annexed the Congo Free State, a nominally independent nation in personal union with Belgium and under King Leopold's private rule, after the human rights abuses and general chaos engendered by his "vile scramble for loot" became unsupportable. The Belgian parliament did this against royal opposition.

What if, to avoid annexation and to keep his personal gravy train flowing, King Leopold simply had abdicated the Belgian throne, and assumed the sole title of "King-Sovereign of the Congo Free State?"
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