How rich is King Charles?

After the death of Queen Elizabeth II, her eldest son, King Charles III, became the constitutional monarch of the United Kingdom and the Commonwealth of Nations and supreme ruler of the Church of England. Although he gave up the Duchy of Cornwall after becoming king to be inherited by his son, Prince of Wales, Prince William, he inherited a fortune from his mother, Queen Elizabeth, what is the net worth of King Charles?

According to the British newspaper, “The Guardian”, the prince’s fortune before he became king was estimated at about $100 million, mainly due to a property trust called the Duchy of Cornwall, which was established in 1337 to provide income for the Prince of Wales and his family..

Many of the properties of the fund, which include cottages, properties overlooking the sea, the countryside and many others, are believed to generate $20-30 million in revenue annually, and now his son Prince William will inherit them and be the beneficiary..

But now that he has taken the throne, King Charles III's fortune is estimated at about $600 million, as Her Majesty the Queen left behind more than $500 million in personal assets that she amassed over the 70 years on the throne, according to the American "Fortune".

Annual income of the king

The Queen received an annual sum known as the Sovereign's Grant, the equivalent of US$148 million.

The money is used to fund official travel, property maintenance and operating costs for the Queen's family.

A multi-billion dollar real estate portfolio

Now that he is head of the royal family, King Charles will benefit from "the property of the crown", which is a collection of real estate and property not owned by him or the government, but income that benefits from it..

The value of the "crown ownership" is estimated at about 28 billion and generates $20 million in profits each year for the governor, while the other estates, known as the Duchy of Lancaster, give the king an extra income of $30 million annually.

The monarchy owns nearly $28 billion in real estate assets as of 2021, which cannot be sold, according to Forbes. It includes:

Crown ownership: 19.5 Billion dollar

Buckingham Palace: $4.9 billion

The Duchy of Cornwall: $1.3 billion

Duchy of Lancaster: $748 million

Kensington Palace: $630 million

Crown ownership in Scotland: 592 Million dollars

King Charles will now be able to pay for his family's expenses through the Sovereign's "Crown Estate" grant which allows him to use 25% of the income.

The head of the British royal family also heads the Royal Collections Trust, which keeps royal art and other priceless pieces, which are believed to be worth more than $5 million and contain more than a million objects, including drawings by the most famous artists in history. Like Leonardo da Vinci or Rembrandt