Inside King Charles III’s $25 Billion Real Estate Empire | Forbes
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- Опубліковано 30 жов 2022
- Charles III's official coronation may not occur until May 6, but the new British monarch has already inherited a $25 billion real estate portfolio fit for a king.
When he acceded the throne in September, the 73-year-old sovereign assumed control of a $42 billion empire, much of it in real estate. Forbes scoured property records, annual reports, audits, archives and legislative documents to find all of the king’s new possessions. His holdings span from Buckingham Palace-the official headquarters of the monarchy, which Forbes estimates is worth $4.9 billion-to Highgrove House, a country residence in Gloucestershire that Charles first purchased in 1980 for £865,000 ($3.7 million today,) now valued at $39 million.
Although he has only had the crown for a few weeks, Charles is expected to break with seven generations of tradition and reject Buckingham Palace as his London residence to remain in his current home at Clarence House (estimated value: $72 million.) But he will also reportedly continue to spend some time at Highgrove. That means he’ll have to pay about $740,000 in annual rent to his son William, who succeeded him as Prince of Wales and Duke of Cornwall and now holds Highgrove under the Duchy of Cornwall.
Those properties are part of a vast collection of at least seven palaces, 10 castles, 12 homes, 56 holiday cottages and 14 ancient ruins, per Forbes’ count. Aside from Balmoral Castle in Scotland and Sandringham House in Norfolk, which he inherited from the Queen and now personally owns, none of these opulent residences and historic monuments are directly owned by the King. Most are held by the Crown Estate, the Duchy of Lancaster and the Duchy of Cornwall, institutions held “in right of the Crown” for the duration of his reign. Others are controlled by the monarchy itself “in trust” for his successors and the nation, while another four properties are held by two foundations which the King established when he was Prince of Wales.
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Fun fact: If William the Conqueror had put 1 pound in a bank account making a 3% annual interest rate and made it crown property, Charles would now have 1.8 trillion pounds. And if that bank account had a 4% annual interest rate, that would be 10^16 pounds. That's a 1 with 16 zeros for those that don't know.
90 years sealed, and I thought I had estate troubles! Transparency!
After "training for the position"😄😄😄😄😂 nice one Forbes
Good for him. His investments are businesses and lands that employ and provide jobs for thousand of people.
Inheritance tax shouldn’t be a thing! You don’t buy those assets, it’s being passed to you for free!
William´s trip to Belize, Jamaica and Bahamas was NOT a holiday. They were State visits.
African property 😢
A lot of misleading claims in this piece. You show the Crown Jewels when talking about personal belongings of the monarch, which they are not. You describe William and Kate’s trip to the Caribbean as a ‘vacation’ when it was an official visit, they were working. I expected better journalism from Forbes . But I guess you’re just looking for clickbait by adding up a lot of random numbers to give you a big billion in the headline.
I actually expected more…
King Charles is considered a peasant compared to the wealth of the Sultan of Brunei and the King of Thailand
And the people of England cannot afford heat...
It should be noted that they only own all this land and assets because previous monarchs stole it from the people
Money doesnt make you a faithful loving husband; nor a better king !
It should be given to poorest people
Jamaican Need Their Wealth Back
Strip them of their wealth and punish them for aggression against humanity.
And so that is what you call working Royals that it cost that money so much of it for them to travel to what four Islands and then you see videos of them dancing and having a great time and a few speeches and then mingling with the people and the hierarchies and having private planes and all that that's what you call a working Royal really
I feel the full amount isn’t disclosed
Hey Charles, give me 80$ please. I am about to get evicted from my Mumbai apartment
King Charles does not personally own these assets. They belong to the crown. If Forbes can't get that right, they need to do better research.