2023-04-22 11:02:39
More than 1.8 billion pounds, this is the amount of the fortune of King Charles III according to a survey published by The Guardian this Thursday. Or more than 2 billion euros of horses, sumptuous properties, jewelry and works of art inherited in part from his mother Elizabeth II. Buckingham Palace for its part described this figure as fanciful.
However, many expert assessments were carried out as part of this investigation. From cars to collector’s stamps, our British colleagues have had all the known assets of the king estimated, whose heritage has grown considerably after the death of his mother on September 8th. And for good reason: the royal family is exempt from inheritance tax.
Exceptional properties
It is in particular the properties of Charles III that justify this extraordinary amount. The Duchy of Lancaster alone brings in around £20m in rent a year, or over €22m. Balmoral Castle (Scotland) is estimated at 80 million pounds, land included. The value of Sandringham Castle, finally, is around 250 million pounds. So many properties that belong personally to the King and not to the Crown.
The Queen also bequeathed nearly 70 thoroughbred horses to her son. These are estimated by The Guardian at around 27 million pounds. Not to mention the hundreds of thousands of exceptional stamps and the 400 works of art owned by the King, including paintings by Monet, Dali and Chagall.
Buckingham Palace, as is well known, never comments on the personal wealth of members of the royal family. Once is not custom: the King’s spokesman made a comment, through which he considered that the amounts exposed by our British colleagues were “a creative mixture of speculation, supposition and inaccuracy”.
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