In 1307 he married the daughter of the count of Burgundy Otto IV, Juana. In 1313 Juana was accused and convicted of adultery, as well as other daughters-in-law of Felipe IV, but the following year was forgiven by her husband.
When Luis X, his brother, died in 1316 Felipe V was on the way to Avignon, where it had been sent by Luis couple try to speed up the election of a new Pope. Luis X had only left a daughter by his marriage with Margaret of Burgundy, Queen of France, but his second wife, Clemence of Hungary, was pregnant. Despite this, Parliament decided that Felipe reigned as regent for a period of 18 years, regardless of the sex of the non-nato. The 15 November 1316 was born the son of Luis X, which was called Juan I the posthumous since the 20th of the same month died, perhaps poisoned by his uncle. Due to the premature death of Juan I, Felipe was crowned as King of France and consecrated in Rheims the 9 January 1317. This caused angry protests in the Duke of Burgundy and the counts of Valois, Alençon, Evreux, Bourbon, Anjou, Dreux and Britain, that is, the main pairs of France. However, the States-General of the 2 February 1317 accepted the proclamation of Felipe V. The same meeting of States adopted something much more momentous for the future of several European monarchies, the Salic law that eliminated women from succession to the throne.
In 1320, Felipe V signed a peace treaty with Flanders and ended with an uprising of the hungry peasants in Paris. Farmers, after bad harvests and droughts which ravaged France, went to Paris and after murder of the Governor of the prison of the Châtelet proceeded to release the crowd of prisoners who were there. The rebels managed to escape Paris and in his escape by across France were sowing terror among the Jewish community, which they accused of having poisoned wells and be the cause of the famine which devastated the country. Finally the revolt was stifled, but continued the persecution of Jews.
Without a doubt, the most important aspect of the reign of Felipe V was modification of the Treasury. He has taught an endless number of provisions in order to solve the chronic problems of the French Treasury, always threatened by the disaster as soon as unforeseen expenses arose or was produced a season of bad harvests and droughts as the moments. He starred in a strong centralizing the Administration around Paris process, which contributed to the birth of the French nation.
Just as did his father, Felipe V was concerned about the State of his people and often called assemblies in which complaints and petitions, risked the time proposed reforms, being frequent proposals of the King were more radical than the of his subjects, which dismissed them not understanding the magnitude of them. It granted greater freedoms to the cities, which is supported to limit the power of the nobles. He was always concerned about national unity, and in this attempt, tried to give France a unitary system of weights and measures, but the localisms of each region paralyzed the project until the death of the King.
Felipe V highlighted by his advanced political vision, since it attempted to implement some measures that would still take several centuries to develop, such as expel clerics Assembly. His only son male, Luis, died in 1317 by which the throne passed to his brother Carlos IV. Had also four daughters: Juana who married the Duke of Burgundy, Eudes IV; Margaret, who married Luis of Nevers, count of Flanders; Isabel and white.