King Charles has just achieved a new record within the British royal family. William and Harry’s father’s fortune has officially surpassed the net worth of his late mother, Queen Elizabeth, according to the annual ranking of Britain’s richest people. Times Friday May 17, 2024. The personal fortune of the monarch, aged 74, would thus amount to 721 million euros, which makes him the 258th richest person in the United Kingdom. The fortune of King Charles has notably increased by 11 million euros compared to last year.
According to Times, King Charles’s properties, Sandringham House and Balmoral Castle, are his most valuable possessions. A former aide to the monarch told the newspaper that King Charles rebuilt his fortune after his ex-wife, Princess Diana, received €21 million in their 1996 divorce. The aide said that the monarch increased his wealth after this period by saving the profits of the Duchy of Cornwall, a 1.3 million estate which includes 52,609,133 square meters of land, 260 agricultural investments, and investments in the sector agriculture and fishing.
“He became cautious in setting aside money from the duchy after the annihilation [du capital]“, said the former assistant to the Times. “These are not huge sums – a few tens of millions, no more. Some have suggested that Queen Camilla brought a lot of money into their relationship, but that’s not at all accurate“, added the assistant.
More than 28 million euros in 10 years
According to New York Post, King Charles increased the duchy’s annual profits by 42.6%, or more than €28 million, between 2011 and 2022. During these ten years, he would have received more than €251 million from the duchy . For your information, the Duchy of Cornwall was created by King Edward III of Great Britain in 1337 and was passed down to each Duke of Cornwall. After the death of Queen Elizabeth, Prince William inherited the dukedom.
King Charles also inherited an investment portfolio worth an estimated €141 million after his mother’s death. Additionally, King Charles and the royal family receive a “Sovereign Grant” each year, a payment from the British government that is used to fund official royal duties. However, according to the TimesKing Charles’ total wealth is difficult to estimate due to the publicly unknown value of jewelry, art collection, and gifts received by the royal family over the centuries.
As a reminder, the fortune of his mother, Queen Elizabeth, amounted to 438 million euros before her death in September 2022, according to the list of the richest personalities of the Times this year.
