King Charles III has officially overtaken his late mother, Queen Elizabeth II, in personal fortune, a monetary achievement that represents a dramatic turnaround within the British royal family, as per a report.
The King's net worth is now valued at $850 million (£640 million), as per The Sunday Times Rich List, released on May 16, which puts him considerably ahead of his mother's last reported wealth of $486 million, just before she passed away in 2022, reported Marie Claire.
Charles' wealth rose within a span of one year, his fortune was estimated to be $770 million in 2024, according to the report. Although he hasn't made it into the top 10 richest people in the UK, the increase has drawn speculations.
ALSO READ: Will Prince Harry be left out in the California wilderness? Three royals are reportedly blocking cancer-stricken King Charles from meeting his younger son
According to the report, both duchies are private estates, which are owned and operated by the British royal family and run totally independently of their official work or the funding they receive from the government through the British taxpayer.
The investigation "discovered how the duchies are making millions of pounds each year by charging government departments, councils, businesses, mining companies, and the general public via a series of commercial rents and feudal levies," as reported by The Sunday Times.
While, The Independent found another shocking discovery related to a $14 million deal struck with King Charles's Duchy of Lancaster "to store a fleet of electric ambulances, owned by Guy's and St Thomas's NHS Foundation Trust in London, in one of the estate's warehouses for 15 years," as per Marie Claire.
King Charles is estimated to be worth $850 million (£640 million), as per The Sunday Times Rich List, reported Marie Claire.
What is the Duchy of Lancaster?
It’s a private estate owned by the reigning monarch, separate from taxpayer funding, which brings in revenue through commercial rents and land deals.
A Rapid Rise in Royal Wealth
The King's net worth is now valued at $850 million (£640 million), as per The Sunday Times Rich List, released on May 16, which puts him considerably ahead of his mother's last reported wealth of $486 million, just before she passed away in 2022, reported Marie Claire.Charles' wealth rose within a span of one year, his fortune was estimated to be $770 million in 2024, according to the report. Although he hasn't made it into the top 10 richest people in the UK, the increase has drawn speculations.
ALSO READ: Will Prince Harry be left out in the California wilderness? Three royals are reportedly blocking cancer-stricken King Charles from meeting his younger son
Controversy Over Royal Family's Income Sources
He also faced controversy last year due to some of the ways he makes money, and an investigation by The Sunday Times and Channel 4's Dispatches revealed how Charles and his son, Prince William, make money through the Duchy of Lancaster and the Duchess of Cornwall, respectively, reported Marie Claire.According to the report, both duchies are private estates, which are owned and operated by the British royal family and run totally independently of their official work or the funding they receive from the government through the British taxpayer.
The investigation "discovered how the duchies are making millions of pounds each year by charging government departments, councils, businesses, mining companies, and the general public via a series of commercial rents and feudal levies," as reported by The Sunday Times.
While, The Independent found another shocking discovery related to a $14 million deal struck with King Charles's Duchy of Lancaster "to store a fleet of electric ambulances, owned by Guy's and St Thomas's NHS Foundation Trust in London, in one of the estate's warehouses for 15 years," as per Marie Claire.
FAQs
How much is King Charles worth now?King Charles is estimated to be worth $850 million (£640 million), as per The Sunday Times Rich List, reported Marie Claire.
What is the Duchy of Lancaster?
It’s a private estate owned by the reigning monarch, separate from taxpayer funding, which brings in revenue through commercial rents and land deals.
