Profits from King Charles’ royal estates made him richer than the late Queen
The personal wealth of Britain’s King Charles III amounts to £600 million ($745 million), which makes him more than 60% richer than his mother, the late Queen Elizabeth II, according to an estimate by The Sunday Times. Last year, the newspaper calculated the queen’s personal fortune at £370 million ($459 million).
Part of Charles’s income comes from managing the Duchy of Cornwall, a royal estate that includes 130,000 acres of land, 260 farms, and properties across England and Wales, such as a cricket ground in South London. The duchy is traditionally run by the reigning monarch’s eldest son.
Between 2011 and 2022, Charles reportedly increased the duchy’s annual profits by 42.6% by selling various goods, such as biscuits and beer, as well as renting commercial properties. The king received £212.7 million ($262.1 million) from the duchy alone between 2012 and 2022, according to The Sunday Times.
The report cited a former adviser to the King who wished to remain anonymous, as saying that the royal “became prudent at tucking away some money from the duchy” after his £17 million ($21 million) divorce settlement with Diana, Princess of Wales, in 1996.
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