What is King Charles III of England’s net worth: how much is his estimated fortune?

Following the death of Queen Elizabeth II, Charles III was crowned as the new monarch. Charles, heir to the throne since he was 3 years old, became the oldest monarch at 73 years of age. He also became Prince of Wales after his mother, Elizabeth II of England, ascended the throne in 1952 on the death of George VI.

Charles’ total fortune is estimated at around 1.8 billion pounds sterling, which is a whopping $2.3 billion, according to the Guardian. The reason for these large economic figures is based, to a large extent, on the value of the heritage inherited from the British Crown. In the case of Queen Elizabeth II, it included art, jewelry, and two royal residences, Balmoral and Sandringham.

On the other hand, Charles III owns the so-called Duchy of Lancaster, whose owner is always the King of England. Its function is based on bringing together the private assets of the British kings, as well as the noble titles of the family. According to ‘El País’, it consists of 19,000 hectares spread over farms, quarries, and mines of sandstone, limestone, and gypsum for construction, castles, urban, residential developments, and commercial premises throughout England and Wales.

According to sources, the value of this duchy is about $818 million, and in the last year alone, it generated net profits of $30 million. All this is added to the aforementioned sovereign subsidy, which is the budget item provided by the State for its official duties. This payment to the Royal House is also intended for the maintenance of the Royal Palaces and to cover the expenses of the official trips made by the monarchy. Last year, they received 86 million pounds (107 million dollars) for this concept.

Another element also added is that there are reportedly more than 32,000 swans and an indeterminate number of whales, dolphins, and sturgeons. For over 800 years, these species have lived free in UK waters and are considered crown property. The measure came into effect in the 12th century, when swans were part of the diet of British royalty.

Carlos III, exempted from the payment of Inheritance Tax

A law passed by the Conservative Prime Minister John Major in 1993 exempts the British Royal House from paying Inheritance Tax on the inheritance of the previous King or Queen. For this reason, Carlos III will not have to declare said lien after the death of his mother in September. This rate is usually 40 percent for assets exceeding 325,000 pounds sterling, that is, almost $448,000