The title Prince Charles changed to King Charles after the passing of Queen Elizabeth II on 8th September 2022. As the King of the United Kingdom and 14 other Commonwealth realms, Glusea seeks to explore King Charles net worth 2023 and the sources of his wealth prior to becoming the King.
King Charles Net Worth
King Charles Net Worth 2023 is valued at $600 million according to finance.yahoo.com. The source further disclosed that King Charles made a majority of his wealth from real estate investment called the Duchy of Cornwall. This is part of the many properties owned by the royal family.
King Charles Net Worth 2023: How Much is he inheriting from Queen Elizabeth?
Late Queen Elizabeth net worth has been valued at $500 million. Queen Elizabeth II left behind a collection of valuable jewels, vast estates, and wealth. Through the crown – Queen Elizabeth II held about $28 Billion in assets, much of which belonged to the so-called Royal Firm – ‘Monarchy PLC’.
The notable royal properties include;
- The Crown Estate: $19.5 billion
- Buckingham Palace: $4.9 billion
- The Duchy of Cornwall: $1.3 billion
- The Duchy of Lancaster: $748 million
- Kensington Palace: $630 million
- The Crown Estate of Scotland: $592 million
All of this will be passed down to her heir Charles succeeding her on the throne as King Charles III.
Based on the above analysis, King Charles net worth 2023 is expected to exceed the estimate made earlier.
Charles was born in Buckingham Palace, the first child of his mother and Philip, Duke of Edinburgh; he was the first grandchild of King George VI and his consort, Queen Elizabeth. He was educated at Cheam and Gordonstoun schools, both of which his father attended as a child.
He later spent a year at the Timbertop campus of Geelong Grammar School in Victoria, Australia. After earning a Bachelor of Arts degree from the University of Cambridge, Charles served in the Royal Air Force and Royal Navy from 1971 to 1976.
In 1981, he married Lady Diana Spencer, with whom he had two sons, Prince William and Prince Harry.
King Charles Net Worth is $600 million
In 1996, the couple divorced after they had each engaged in well-publicised extramarital affairs. Diana died as the result of a car crash in Paris the following year.
In 2005, Charles married his long-time partner, Camilla Parker Bowles.
Charles Reign as Prince of Wales
As Prince of Wales, Charles undertook official duties on behalf of Elizabeth II. He founded the youth charity the Prince’s Trust in 1976, sponsors the Prince’s Charities, and is a patron, president, or a member of over 400 other charities and organizations.
He has advocated for the conservation of historic buildings and the importance of architecture in society.
A critic of modernist architecture, Charles has worked on the creation of Poundbury, an experimental new town based on his architectural tastes. He is also an author or co-author of a number of books.
King Charles Net Worth is $600 million
Residences and finance
Clarence House, previously the residence of Queen Elizabeth The Queen Mother, was Charles’s official London residence from 2003 after being renovated at a cost of £4.5 million
As prince, his primary source of income was generated from the Duchy of Cornwall, which owns 133,658 acres of land (around 54,090 hectares), including farming, residential, and commercial properties, as well as an investment portfolio.
Highgrove House in Gloucestershire is owned by the Duchy of Cornwall, having been purchased for his use in 1980, and which King Charles rents for £336,000 per annum.
What Record Does King Charles III Hold?
As Duke of Cornwall and Duke of Rothesay from 1952 to his accession, he was the oldest and the longest-serving heir apparent in British history, and the longest-serving Prince of Wales, having held the title from 26 July 1958 until his accession.
At 73, Charles is also the oldest person ever to assume the British throne. The record was previously held by William IV at age 64.