|King Charles III
|Source Of Wealth
|Buckingham Palace, London
King Charles was waiting for the throne for several decades. The 73-year-old monarch acceded the throne on September 8 after the death of his mother, Queen Elizabeth II. He was the oldest and the longest-serving heir apparent and Prince of Wales in British history.
Charles, also known as Charles III, is the oldest person ever to assume the British throne. Just like his ancestors, Charles has also accumulated a lot of wealth, most of which is inheritance. He will be taking care of Elizabeth’s personal assets which are in the millions. Let’s find out what his actual net worth is in 2022.
King Charles Net Worth
King Charles III has a net worth estimated at $600 million, according to Celebrity Net Worth. After being the heir apparent to the throne for so long, Charles has finally become the king of the United Kingdom and 14 other Commonwealth realms. He will be inheriting a lot of wealth from his mother.
The new Supreme Governor of the Church of England had a fortune valued at around $100 million before he became the King. The main income came from a real estate trust called the Duchy of Cornwall, which was established in 1337 to provide income for the Prince of Wales. After he ascended the throne, his son Prince William inherited the properties that generate around $20-30 million in revenue per year.
He will also profit from the Crown Estate which is valued at around $25 billion and provides $20 million yearly for the king. Apart from this, the Duchy of Lancaster also gives the monarch an additional $30 million in income annually. Charles will also inherit the Royal Collection Trust, which has paintings from artists like Leonardo da Vinci and Rembrandt.
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King Charles’ First Address To The Nation
On Friday, September 9, a day after his mother Queen Elizabeth II‘s death, King Charles delivered his first televised address to the nation. He said that he has “feelings of profound sorrow.”
“Throughout her life, Her Majesty The Queen, my beloved Mother, was an inspiration and example to me and to all my family, and we owe her the most heartfelt debt any family can owe to their mother; for her love, affection, guidance, understanding and example“, Charles said.
He further said: “Queen Elizabeth was a life well lived; a promise with destiny kept and she is mourned most deeply in her passing. That promise of lifelong service I renew to you all today.”
Queen’s state funeral is expected to take place in Westminster Abbey in London on September 19.
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