King Charles III is one step away from the official coronation: here’s how much and how the new King of England earns and how much his net worth is.
In a few days there will be the official coronation of Charles III, who with the very long reign of Elizabeth II has become the eldest heir to the British throne. The coronation will be held on May 6 in Westminster Abbey, the vicinity of which has been crowded by anxiously awaiting Britons. In fact, the eyes of the whole world are focused on this important event in the royal family, which has always been an object of interest and curiosity, regardless of national borders.
After the roles of William and Henry, as well as Camilla - who will officially assume the title of Queen from Queen Consort - move on to one of the most intriguing questions for the public: how much money do the Royals of England have. With the coronation just around the corner and the various rumors circulating non-stop, one cannot help but wonder how much does Charles III earn - and how - given that his estate would even exceed that owned by his mother, the late Queen Elizabeth II, who boasted 70 years of sovereignty on his shoulders.
It must also be said that the new King of England is known for being the bearer of a fruitful combination, knowing how to combine a strong entrepreneurial spirit with an unexpected shrewdness in spending. Charles, whom the British newspapers call thrifty King, seems to be very shrewd (according to some rumors, also due to the millionaire divorce from Princess Diana).
How much does Charles III earn, the net worth of the new King of England
The riches of the British Royals are an international affair, so much so that the Sunday Times - about to publish the annual ranking of the richest people in the United Kingdom - has dedicated an in-depth analysis to Charles III. The new King of England is expected to be in the top 250, with assets worth £600 million. It seems, in fact, that the choices made in the have led the heir to the throne to accumulate a much higher fortune than that in possession of the mother. Indeed, Queen Elizabeth had assets of around £370 million.
Precisely calculating the earnings of members of the royal family is however not easy, having to exclude the possessions of the Crown and not having certain data on private properties available. Charles III’s mind-boggling net worth, therefore, does not even include Buckingham Palace, the Duchy of Lancaster and that of Cornwall, in addition to Kensington Palace. If instead of valuing the individual assets of the new King one wanted to use more generic parameters one would in fact have to add at least £22 billion.
A complicated and inconclusive calculation, given that we are dealing with assets belonging to the Crown and not of a personal nature. Even so, however, Charles’ earnings are anything but small, thanks to the management and economic skills he has shown over the years. The new King’s major source of income is in fact due to the profits that he was able to generate from royal properties, including agricultural, residential, commercial and investment properties.
How King Charles earns, property and investments
In fact, until 2022, King Charles personally supervised the Duchy of Cornwall, whose management traditionally belongs to the heir to the throne, increasing its annual profits by 42.6% in the period from 2011 to 2022 (with £25.4 million a year). On this revenue, however, the King decided in 1993 to pay income tax, even if it was not due. Then there are the revenues of Duchy Originals, the brands of organic and eco-sustainable products that Carlo has donated to charity.
Charles also owns the Crown Estate, although he cannot sell its assets as he is independent of the royal family. Although it belongs to the reigning monarch, in fact, the annual profits are paid to the Treasury, from which the King receives 25% to finance the expenses of the Royal Household. Also among the properties are the estates of Sandringham, estimated to be worth £245 million, and Balmoral, for approximately a further £210 million.
Original article published on Money.it Italy 2023-05-03 19:06:51. Original title: Quanto guadagna Carlo III, il patrimonio del nuovo Re d’Inghilterra
