The personal fortune of King Charles III of England amounts to about 1,815 million pounds (€2,060 million), after having received the inheritance from his mother, Elizabeth II, according to a analysis of its properties published today by the British newspaper “The Guardian”.
Although the newspaper admits that the worth royal property of the monarch is “impossible to know” and is “hidden from public scrutiny,” has assembled a team of 12 experts in the real-estate marketautomobiles and art, among other fields, to try to quantify that wealth.
Among other assets, the king inherited from his mother the balmoral castlein Scotland, surrounded by some 21,000 hectares of land, valued at 80 million pounds (€90 million), and the grounds of Sandringham, in the east of England, with 6,400 hectares of arable land, valued at 250 million pounds (€ 280 million).
Under a 1993 agreement between Elizabeth II and then-British Prime Minister John Major, assets passed from a monarch to her heir are exempt from inheritance tax, which in the UK amounts to 40% for estates above of 325,000 pounds (€368,000)
“The Guardian” It also estimates that Carlos III owns private vehicles worth 6.3 million pounds (€7.15 million), a philatelic collection valued at 100 million pounds (€113 million euros) and pieces of art, including works by Salvador Dalí and Marc Chagall, valued at 24 million pounds (€27 million).
Asked by the newspaper, a spokesman for the king denied that the estimates are correct: “Although we do not comment on personal finances (of Carlos III), his figures are a creative mix of speculation, assumptions and incorrectness.”
The Palace of Buckingham He refused to offer his own estimates, considering that the sovereign’s accounts should “continue to be private, like those of any other individual.”
beyond the personal wealth of Carlos III, a large part of the properties used by the British royal family are included in the so-called Crown Estate, a conglomerate of lands and assets valued at 15.6 billion pounds (€17.7 billion) that formally belong to the king, although with control limited.
Every year, the Government it assigns 25% of the profits generated by this conglomerate to the Crown, an amount that in the 2020-2021 financial year was 86 million pounds (€97 million).
In addition, the king receives annually the benefits of the duchy of Lancaster (some 18,000 rural hectares in England and various commercial and historical properties), some 20 million pounds (€22 million) and his eldest son, William, those of the Duchy of Cornwall -a similar amount-, which become part of his fortune staff.