The personal wealth of the King Charles III of the United Kingdom increased by ten million pounds (11.6 million euros) up to 610 million euros (707 million euros) in the last year, according to the list of the wealthiest people in the country prepared by the newspaper Sunday Times and released this Friday.
(Read here: Buckingham Palace reveals the first official coronation portrait of King Charles III)
The newspaper’s calculations suggest that the monarch has benefited from an increase in the net worth of his properties.
When evaluating the wealth of the sovereign, the Sunday Times He pointed out that it only includes the monarch’s personal assets, not the Crown Estate (such as jewelry), which the king maintains for the country. The king’s estimated wealth comes, in addition to inherited properties, from other investments, according to the Sunday report.
The British kings.
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Why do they say that the monarch is richer than Queen Elizabeth II when she was alive?
When the monarch ascended the throne, after the death of Queen Elizabeth II, Charles’s inheritance was joined by his mother’s assets, but also by those he accumulated while he was Prince of Wales.
After receiving the legacy of the iconic queen who died in September, valued at 360 million pounds (449 million dollars), the fortune of the new British monarch will rise to 600 million pounds (748 million dollars), The Times newspaper estimated in 2023.
Tribute to Queen Elizabeth
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The separation cost him 17 million pounds in 1996, but the then Prince of Wales was not starting from scratch since he had the resources of the Duchy of Cornwall, whose benefits he received from his mother’s accession to the throne in 1952 until her death. of this in 2022.
This is a heritage created in the 14th century to give financial independence to the royal heir.
The king regularly visited the farms he rented to farmers and encouraged them to use sustainable farming methods. As well as 260 farms, the duchy owns 52,450 hectares of land and rents £345 million in commercial property.
Charles III even created a village, Poundbury, on the outskirts of Dorchester, where he applied his architectural preferences.
Under his leadership, the Duchy grew in size and in its latest annual report has more than £1 billion in assets, a record, with the heir’s income rising to £23 million, an increase of more than 40 million pounds. % in fifteen years.
These incomes, which now go to his heir Prince William, 40, filled the coffers of Charles for many decades, who had to wait until he was 73 to ascend to the throne.
Now, furthermore, due to a secular tradition confirmed in the 1990s to avoid the dissolution of the royal estate, the monarch “will not pay any inheritance tax” on his mother’s considerable inheritance, specialized lawyer Geoff explained to AFP at the time. Kertesz.
*With AFP and Efe
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