Philip, Duke of Parma

Philip of Spain (15 March 1720 – 18 July 1765) was Duke of Parma from 1748 to 1765. He founded the Parma line of the House of Bourbon. He was a son in law of Louis XV. 
Infante of Spain.
Born at the Royal Alcazar in Madrid, he was the fourth child and third son of Philip V of Spain and his wife, Elisabeth Farnese. He was raised in Madrid and as a child showed more interest in art than in politics. He was created Count of Chinchón, which he later ceded to his brother Louis in 1754.
Duke of Parma.
His mother was the last of the Farnese, rulers the Duchy of Parma. The Duchy had been ruled between 1731 and 1736 by his elder brother Charles I, but exchanged with Austria for The Two Sicilies after the War of Polish Succession. Twelve years later, in the Treaty of Aix-la-Chapelle (1748), Austria lost Parma, and Philip became the new Duke, founding the Bourbons of Parma.
As part of the Treaty of Versailles (1757) between Austria and France it was intended that Philip would become King of the Southern Netherlands, in a deal that would see French troops occupy key positions in the country – however this arrangement was repudiated by the subsequent Third Treaty of Versailles and Philip continued in Parma.
Parma was ruined by many years of warfare, and in 1759 Philip named the abled Frenchmen Guillaume du Tillot as his minister to restore the economy. He stimulated education and philosophy, attracting personalities like Étienne Bonnot de Condillac.
Philip died unexpectedly on 18 July 1765 in Alessandria, Italy, after having accompanied his daughter Maria Luisa on her way to Genoa, where she sailed for Spain to marry Infante Charles. Through Philip's daughter Maria Luisa, he is an ancestor of the Bourbons of Spain, the Bourbons of the Two Sicilies, and the House of Orléans.
Marriage.
Philip married Louise Élisabeth of France in Alcalá de Henares, Spain on 25 October 1739. She was the eldest daughter of Louis XV. They had three children. The marriage was the first between the French and Spanish Bourbons, the other taking place in 1745 between Louis, Dauphin of France and Maria Teresa Rafaela of Spain.