Note: the “Company” is inextricably linked and exists independently of King Charles. The New York Times describes it as “an enterprise that reaches far beyond the royals themselves, involving an army of private secretaries, communications consultants, ladies-in-waiting, heads of household, chauffeurs, footmen, domestic servants, gardeners and all the other people. who run the palaces and the lives of the kings who live in them.” With that in mind…
The royal company is worth $28 billion
To be clear, this is not King Charles’ personal money. However, according to Forbes, the company (also known as “Monarchy PLC”) holds approximately $28 billion in assets. As we noted while reporting on the late Queen’s net worth, which includes the Crown Estate ($19.5 billion), Buckingham Palace ($4.9 billion), Kensington Palace ($630 million), the Duchy of Cornwall ($1.3 billion), the Duchy of Lancaster ($748 million) and the Crown Estate Scotland ($592 million). These assets are used by King Charles in his capacity as monarch, but he cannot sell them because they belong to the Crown itself and will pass to Prince William once he becomes king (who will pass them on to Prince George soon after). “Ask me about my bank account.” PoolGetty Images However, the royals receive a personal percentage of the profits from the company’s assets thanks to something called the Sovereign Grant. Take 2020 as an example. According to Forbes, the Crown Estate made a profit of £475 million that year, and the royal family took 25% of that (or £86.3 million). The rest of that 75 percent? He went to the British Treasury. At this point, you’re probably wondering what that £86.3m is being spent on. Well, the BBC reports that the 2021-2022 government grant money was mostly used to maintain various palaces/castles, but is also used by the royals themselves (not just King Charles) to pay for tours and engagements. In other words: when you see Prince William and Kate Middleton tour the United States later this year, it will be paid for by the Sovereign Grant.
Charles lost the Duchy of Cornwall but gained the Duchy of Lancaster
Now that the title of Duke of Cornwall has passed to Prince William after the Queen’s death, Charles no longer owns the Duchy of Cornwall — a huge portfolio of private assets from which he made a huge amount of money (like ~£23 million a year- huge levels). But the good news (for King Charles, not the rest of us): He has access to the Duchy of Lancaster now that he’s monarch. This duchy also happens to be a portfolio of land, real estate and financial investments, and in 2021-2022 it reportedly brought in $21.98 million. A lot of money, but change for Charles considering what he just inherited from Her Majesty. This content is imported from Giphy. You may be able to find the same content in another format, or you may be able to find more information on their website. ^ Me, I realize how much money this man has.
He just inherited $500 million from the Queen
According to The Telegraph report, the Queen had $500 million (I repeat: $500 million) in personal investments that are “mostly in British blue chip stocks.” Most of her fortune is expected to pass directly to Charles, including a huge art collection. , a gaudy and questionable jewelry collection, private royal residences and an occasional stamp collection. And please be advised that this is not just any stamp collection. This thing is valued at £100 million, so if all else fails, Charles can just start selling stamps on eBay and he’ll be good to go. Psst: Fortune reports that the Queen also invested millions in offshore accounts, which Charles apparently now has access to. Oh, and what’s more, Charles probably inherited the Queen Mother’s fortune of £70 million (which passed to the Queen when the Queen Mother died). Charles and his grandmother, the Queen Mother. John Shelley Collection/AvalonGetty Images
So, what is the total net worth of King Charles?
Somewhere between $500 million and $600 million, give or take a few hundred mills depending on what’s hidden in those supposed offshore accounts. And before we go, a quick note about inheritance taxes: you don’t have to pay. According to Fortune, much of King Charles’ newly inherited wealth will be tax-free thanks to a wild British law that exempts the monarch’s estate from the standard 40 percent inheritance tax if it goes to the heir to the Crown (in this case, Charles). So basically, the Queen’s assets won’t lose any money if Charles is given everything – so it’s safe to assume that most of her fortune went directly to him. And if you are into tax law (in which case, I pray for you), the memorandum on the royal exemption states: “Monarchy as an institution needs sufficient private resources to enable it to continue to fulfill its traditional role in national life, and to have a degree of financial independence from the government of the day.” Well. I guess to check my bank account! Mehera Bonner Mehera Bonner is a celebrity and entertainment news writer who enjoys Bravo and Antiques Roadshow with equal enthusiasm. She was previously entertainment editor at Marie Claire and has covered pop culture for over a decade.
