King Charles III’s personal wealth has soared in the past year, according to the latest Sunday Times Rich List
King Charles III has seen a significant increase in his personal wealth this year, as per the latest Sunday Times Rich List. In just one year, His Majesty’s fortune is reported to have soared from £30m to a whopping £640m.
This surge in wealth has made King Charles III richer than his late mother, Queen Elizabeth II. The new figures estimate that Charles is worth an impressive £270m more than his mother, with the majority of his wealth coming from the investment portfolio he inherited from her.
Queen Elizabeth II was reportedly worth £370m in 2022, compared to Charles’ current fortune of £640m. He did not pay inheritance tax on the wealth she left him, thanks to an exemption.
This would have imposed a standard rate of 40% on assets above a certain threshold. Additional income is also generated from the private Duchy of Lancaster estate.
The estate spans over 18,000 hectares of land in areas such as Lancashire and Yorkshire, as well as property in central London. Valued at £654m, it generates approximately £20m a year in profits.
Meanwhile, Prince William’s estimated net worth stands at £100 million, according to Heart. As the Duke of Cornwall, the future King earns an annual income from the private Duchy of Cornwall estate, which comprises 52,264 hectares of land, predominantly located in the south-west of England.
Despite stepping back from Royal duties, Prince Harry’s net worth remains substantial, according to reports. Hello! magazine estimates that the Duchess of Sussex is worth a staggering £45 million.
Harry’s fortune is thought to be a mix of his Royal inheritance and the profitable opportunities he has capitalised on in America, including lucrative media deals with Netflix and Spotify.
