Charles richer than his mom – Sunday Occasions

26 Charles richer than his mom – Sunday Occasions

The British monarch is alleged to have considerably boosted earnings from the royal estates

The private wealth of Britain’s King Charles III quantities to £600 million ($745 million), which makes him greater than 60% richer than his mom, the late Queen Elizabeth II, in keeping with an estimate by The Sunday Occasions. Final 12 months, the newspaper calculated the queen’s private fortune at £370 million ($459 million).

A part of Charles’s revenue comes from managing the Duchy of Cornwall, a royal property that features 130,000 acres of land, 260 farms, and properties throughout England and Wales, corresponding to a cricket floor in South London. The duchy is historically run by the reigning monarch’s eldest son.

Between 2011 and 2022, Charles reportedly elevated the duchy’s annual earnings by 42.6% by promoting varied items, corresponding to biscuits and beer, in addition to renting industrial properties. The king obtained £212.7 million ($262.1 million) from the duchy alone between 2012 and 2022, in keeping with The Sunday Occasions.

The report cited Charles’s former adviser, who opted to remain nameless, as saying that the royal “grew to become prudent at tucking away some cash from the duchy” after his £17 million ($21 million) divorce settlement with Diana, Princess of Wales, in 1996.

Charles assumed the throne after his mom handed away in September 2022 on the age of 96. She had reigned for over 70 years, greater than any monarch in British historical past.

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