King Charles’ eye-watering net worth revealed
The royal family’s net worth has always been up for speculation, but The Times has analysed the King’s various income streams and unveiled the King’s personal net worth.
King Charles reportedly has a personal net worth of £600 million or around $1.1 billion.
The King’s fortune surpasses the late Queen’s net wealth of £370 million or $684 million, by more than double the amount.
A former aide told The Times that King Charles had managed to accumulate a significant net wealth over the years following his costly divorce from Princess Diana in 1996 - where he paid her a $31 million lump sum and $740,000 annual salary.
“He became prudent at tucking away some money from the Duchy [of Cornwall] after that wipe-out [of capital],” said the source.
The duchy is where most of King Charles’ income comes from.
There are two duchies in the UK, the Duchy of Lancaster and the Duchy of Cornwall. Both of these property empires primarily invest in land.
King Charles inherited the Duchy of Lancaster following his mother’s death last September, and Prince William is now in charge of overseeing the Duchy of Cornwall, which is estimated to be worth $1.8 billion.
When King Charles was in charge of overseeing the Duchy of Cornwall, he had increased its annual profits by 42.6 per cent to $47 million between 2011-2022.
He made $393.6 million from the duchy in that time period, which isn’t liable to tax, though King has been voluntarily paying income tax since 1993.
A lot of the revenue comes from “renting commercial properties” from other parts of the UK according to The Times.
The Duchy of Lancaster has $1.2 billion of net assets, and although the royal in charge of overseeing the duchies are not allowed to sell the assets, they can keep the annual revenue.
Sandringham and Balmoral are a couple of other income streams for King Charles, with an estimated value of $453 million for Sandringham and $388 million for the Balmoral castle and its estate.
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