What Is King Charles III Net Worth? How Rich Is King Charles and the British Royal Family?

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Among the things King Charles III inherited when it became Britain’s new king? A luxurious throne decorated with several crowns (stolen) jewelsAnd the Multiple castles and palaces, tons of money. Thanks to his new role as king, Charles is one of the richest people in England – and if you’re wondering where his money comes from, it’s the private fortune of the royal family. As well as stamps. Really, a lot of stamps. But before we get to Charles’ personal fortune, here’s a breakdown of what “company” is worth.

Note: “The Company” is closely related to and exists Independently From King Charles. The The New York Times He describes it as “a project that goes beyond the royals themselves, and involves an army of private secretaries, communications advisers, ladies-in-waiting, housekeepers, drivers, domestic servants, gardeners, and all the other people who run the mansions and the lives of the royals who live in them.”

With that in mind…

The property is valued at $28 billion

To be clear, this is it Not Personal money of King Charles. but according to ForbesThe company (also known as “Monarchy PLC”) has approximately $28 billion in assets. As we noted while reporting the late Queen net worthIncluding Crown Real Estate Corporation ($19.5 billion), Buckingham Palace ($4.9 billion), Kensington Palace ($630 million) Duchy of Cornwall ($1.3 billion), the Duchy of Lancaster ($748 million), and the Crown Estate of Scotland ($592 million). King Charles uses these assets as King, but he cannot sell them because they belong to the Crown Itself It will be passed to Prince William Once he becomes king (who will transfer them to him Prince Georgeand so on).

“Ask me about my bank account.”

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However, members of the royal family receive a personal percentage of the profits from the company’s assets thanks to the so-called sovereign grant. Take 2020 as an example. according to ForbesThe Crown Estate made a profit of £475m that year, of which the royal family took 25% (or £86.3m). The remaining 75 percent? He went to the British Treasury. At this point, you’re probably wondering what the £86.3m is being spent on. Welp BBC Reports indicate that the 2021-2022 sovereign grant funds were mostly used for the maintenance of various Palaces / Castles, but are also used by members of the royal family themselves (not just King Charles) to pay for tours and engagements. In other words: when you see Prince William and Kate Middleton go on a tour of the United States Later this year, that will be paid for by Sovereign Grant.

Charles lost the Duchy of Cornwall, but gained the Duchy of Lancaster

Now that the title of Duke of Cornwall has passed to Prince William then The death of the queenCharles no longer has Duchy of Cornwall—Giant portfolio of private assets from which he made a huge amount of money (eg £23m a year – huge levels). But the good news (for King Charles, not the rest of us): he can get into the Duchy of Lancaster now that he’s king. This duchy happens to be a portfolio of land, property and financial investments, and in 2021-2022 It said It brought in $21.98 million. Lots of money, but a pocket change for Charles given what he just inherited from Her Majesty.

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^ I, I realize how much money this guy has.

He just inherited $500 million from the Queen

for every telegraph‘s Reports, the Queen had 500 million dollars (I repeat: $500 million) in personal investments “mostly in major British stocks.” It is expected that the bulk of her fortune passed directly to Charles, including a huge art collection, and a collection of luxurious and questionable jewelry, private owned homesUnofficial stamp set. And please know that this is not fair Which Stamps Collecting. This thing is worth £100 million, so if all else fails, Charles can start selling stamps on eBay and he’ll be set.

Psst: luck Queen reports also invested Millions In offshore accounts, which presumably Charles can now access. Furthermore, Charles likely inherited the Queen Mother’s £70 million fortune (which passed on to the Queen when the Queen Mother passed away).

Queen Elizabeth the Queen Mother

Charles and his grandmother the Queen Mother.

John Shelley/Avalon GroupGetty Images

So, what is the total net worth of King Charles?

Somewhere between $500 to $600 million, give or take a few hundred mills depending on what lies in those so-called offshore accounts. And before we go, a brief note about inheritance taxes: He doesn’t have to pay any of them.

according to luckHowever, much of King Charles’ newly inherited wealth will be tax-deductible thanks to a runaway British law that exempts the monarch’s estate from the normal 40 percent inheritance tax. if It goes to the crown’s successor (in this case, Charles). So, basically, the Queen’s assets wouldn’t lose money if Charles was given everything – which is why it’s safe to assume that the bulk of her fortune went directly to him.

And if you’re into tax law (in this case, I pray for you), then note The royal exception states: “The monarchy as an institution needs sufficient private resources to enable it to continue to perform its traditional role in national life, and to have a degree of financial independence from the present government.”

Welp. Off to check my bank I guess!

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