According to a calculation by The Sunday Times, King Charles III of Britain has a personal fortune of £600 million ($745 million), making him more than 60% richer than his late mother, Queen Elizabeth II. The queen’s personal wealth was estimated by the newspaper to be £370 million ($459 million) last year.
Charles earns money from the Duchy of Cornwall, a royal estate that contains 130,000 acres of land, 260 farms, and buildings throughout England and Wales, including a cricket ground in South London. The duchy is historically led by the eldest son of the reigning monarch.
Between 2011 and 2022, Charles reportedly increased the duchy’s annual profits by 42.6% by selling various goods, such as biscuits and beer, as well as renting commercial properties. The king received £212.7 million ($262.1 million) from the duchy alone between 2012 and 2022, according to The Sunday Times.
The report cited Charles’s former adviser, who opted to stay anonymous, as saying that the royal “became prudent at tucking away some money from the duchy” after his £17 million ($21 million) divorce settlement with Diana, Princess of Wales, in 1996.
Charles assumed the throne after his mother passed away in September 2022 at the age of 96. She had reigned for over 70 years, more than any monarch in British history.
