King Charles III, formerly called Prince Charles, became heir apparent when his mother Queen Elizabeth II took the throne. At the time, he was only three years old. A British monarch and a female head of state, she was recognized as the longest-reigning female head of state. Her reign as monarch lasted 70 years.
Upon the death of Queen Elizabeth II in 2022, King Charles III became the 62nd monarch to rule the United Kingdom in 1,200 years.
The longest-serving heir-apparent in British history was formally sworn in as the nation’s next monarch two days later.
How rich is King Charles: the Royal Family net worth
Although it is extremely difficult to ascertain King Charles III’s exact net worth, it is possible to conclude that he is now significantly wealthier than he was before the death of his mother, Queen Elizabeth II.
King Charles is one of England’s wealthiest individuals. He started several initiatives to promote organic farming and protect the environment. Through his charitable foundation, he also owns the largest organic food company in the UK.
However, if you’re curious about where his money comes from, it comes from the royal family’s fortune.
The majority of this million-dollar net worth is made up of jewelry, artwork, and most especially real estate. It is estimated that the various properties, including cottages, sea sides estates, country manors, barns converted to homes, and many more, bring in between $20 and $30 million a year.
In addition to her exemplary selfless service to her country, Queen Elizabeth left behind a large personal fortune worth approximately $500 million that is now owned by King Charles III and the rest of the royal family.
In addition, he is now in charge of managing the $42 billion in assets that the late queen left in trust for the country. These assets include huge investments, extravagant castles, diamonds and jewerly, and priceless artwork.
Although Queen Elizabeth II’s exact net worth is unknown, her inheritance includes the Royal Philatelic Collection, real estate, investments, jewelry, horses, artworks, and other possessions. Also, it includes Queen Elizabeth II’s two private residences, Sandringham House in England and Balmoral Castle in Scotland. All of these are passed down to King Charles.
How rich is King Charles: the Duchy of Cornwall Trust
Traditionally, the eldest child of the current monarch inherits the Duchy of Cornwall.
Due to its fourteenth-century establishment, the Duchy of Cornwall has a substantial impact on the heir to the throne. It was always under King Charles’ control when he became Prince of Wales in 1969, and it remained in his hands until he became the Sovereign.
The heir to the throne, Prince William, succeeded his father as Duke of Cornwall on September 8 and took over the Duchy of Cornwall. Therefore, it accounts for the majority of Prince William’s wealth.
Over 20 countries within England and Wales account for 133,000 acres of the duchy’s land and other assets. The land is used for residential construction, commercial real estate, and agriculture. In addition, as of 2019, the land is estimated to be worth $1.1 billion.
Each year, the trust earns an average of slightly more than $20 million. However, in recent years, earnings have exceeded $30 million.
The Crown Estate
The monarch currently in office receives the most income from the Crown Estate. It is not considered either public property or the king’s estate, the Crown Estate occupies a unique position. King Charles receives nearly $20 million annually from it.
Further, he takes 25% of the revenue generated by the Sovereign Grant for the upkeep of the family expenses and other official duties.
Also, a different real estate holding company known as the Duchy Of Lancaster generates about $30 million in annual revenue.
King Charles is one of the biggest property owners because of his position as king. He is now mostly wealthy due to the assets of the Crown Estate.