The royals' net worth has long been in a gray area.
But now a report reveals the numbers and personal fortune of King Charles III.
London – The
Sunday Times
Rich List, a list of the 1,000 wealthiest UK resident individuals or families, ranked by net worth.
In 2022, Srichand Parmanand Hinduja (87) an Indian-born British billionaire, businessman, investor and philanthropist and his brother Gopichand Hinduja (83) topped the rankings, having made their money in the industrial and financial sectors.
The financial experts analyzed the income streams of the British monarch King Charles (74) and were amazed to find: Charles III.
is not just in the fast lane.
No, he has long since caught up with his mother Queen Elizabeth II (96, † 2022) and has almost doubled that.
King Charles has long since done his financial homework
For a long time, the net worth of the royal family was considered unpredictable. But now a report has analyzed the numbers and revealed King Charles' personal fortune. According to these calculations, King Charles has a personal net worth of £600 million, which is around €679 million. He easily eclipses the net worth of his late mother: she "only" had over £370 million (€419 million)
.
King Charles III
– Amazing pictures of his royal life
King Charles III
– Amazing pictures of his royal life
Is Charles such a bargain hunter or what explains the big difference?
A former adviser sheds some light on the fact that Charles has managed to amass a substantial net worth over the years following his costly divorce from Princess Diana (36, † 1997) in 1996 - during which he offered her a lump sum of 31 million dollars (28 million euros) and an annual salary of 740,000 dollars (674,000 euros) – was very meticulous with his savings.
Sandringham and Balmoral are also two of Charles' lucrative sources of income.
The Times estimates the value of Sandringham, which also generates tourism revenue, at $453 million and the combined value of Balmoral Castle and estates at $388 million:
King Charles paid his dues after divorcing Princess Diana
"He became cautious about setting aside some money from the Duchy [of Cornwall] after this wipeout [of the capital]," the source said.
The mentioned duchy (owned by the king) is the origin of a large part of Charles' income.
But there is another duchy that is making a profit: The Duchy of Lancaster is another real estate empire that, like the Duchy of Cornwall, invests primarily in land.
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Transparent accounts were not common under Queen Elizabeth II.
Nor was there any debate as to who should be entitled to the revenues from duchies, the palace or the British people, as is now the case under Charles III.
© Yui Mok/dpa & Stephen Lock/dpa
Traditionally, the heir to the throne inherits the Duchy of Cornwall, with Prince William (40) now in charge after Charles became monarch after the death of the Queen.
The Duchy of Lancaster, on the other hand, is administered by the incumbent King Charles, who inherited it from his mother after her death in September.
The Duchy of Cornwall is valued at $1.8 billion.
William can be happy: During the time that Charles ran the Duchy of Cornwall, he increased annual profits by 42.6 percent between 2011 and 2022 to $47 million (42.81 million euros).
Joy, sorrow, jubilation: The milestones of Queen Elizabeth II's reign
Joy, sorrow, jubilation: The milestones of Queen Elizabeth II's reign
The highlight: The income from the duchies is not taxable, although Charles has voluntarily decided to pay income tax since 1993.
According to the Times, much of that income comes from "letting commercial property" elsewhere in the UK.
The Duchy of Lancaster now has a net worth of $1.2 billion.
Another bonus: the royals charged with administering their respective duchies aren't allowed to sell the fortune - they don't technically own the land - but they can pocket the annual proceeds.
Nevertheless, such listings should be treated with caution, because even if Charles III.
He may be extremely rich on paper, but that doesn't mean he has the money in his hands.
Sources used:
thetimes.co.uk, news.com.au
List of rubrics: © Yui Mok/dpa & Stephen Lock/dpa