King Charles III Net Worth: A Peak to Wealth and Inheritance of the New Monarch After Queen Elizabeth's Death

King Charles III came under fire after it was reported that he will be exempted from paying inheritance tax, which had been struck three decades ago by late Queen Elizabeth II.

According to Marca, the Queen reportedly agreed to be taxed in the highest income bracket if the royal family was granted an inheritance tax exemption.

Former British prime minister John Major noted that the decision would ensure that there was no "danger of the assets of the monarchy being salami-sliced away by capital taxation through generations."

The Daily Mail reported that 63% of British citizens believe the royal should be forced to pay an inheritance tax, as the country is being hit with the worst inflation levels following World War II.

King Charles III Net Worth: Wealth and Inheritance

According to Celebrity Net Worth, King Charles III has an estimated net worth of $600 million. Before ascending to the throne, he reportedly had a net worth of $100 million.

Now, he oversees the late monarch's $42 billion portfolio of assets, including billions in investments, as well as palaces, luxurious jewels, and priceless art. Apart from $500 million, he also inherited the Crown Estate, Buckingham Palace., Duchy of Lancaster, Duchy of Cornwall, Kensington Palace, and the Crown Estate Scotland after the Queen's death.

Yahoo Finance reported that Charles previously earned $20 to $30 million per year in personal income from the Duchy of Cornwall, which has now been passed to Prince William.

According to Tatler, as tradition, Charles also inherited Queen Elizabeth's collection of racehorses. The late Queen inherited King George VI's breeding and racing stock in 1952.

At the time of the Queen's death, she had a net worth of $600 million, which was attributed to her investments in jewelry, art, and two privately owned properties, such as Sandringham House and Balmoral Castel.

She also held around $28 billion in assets at the time of her death. In the fiscal year 2020, the Crown Estate took in more than $475 million in profits and around $120 million designated for the royal's paid official expenses, including travel, payroll, and security.

Royal Family's Crown Estate

Forbes reported that the most valuable asset is the Crown Estate, which is now held by King Charles. It has a variety of real estate portfolios with $17.5 billion in net assets, with properties including Regent Street and Ascot Racecourse.

However, a 10% cut of the net profit, which was $39.8 for 2022, will be set aside for maintaining Buckingham Palace. One of the most identifiable assets linked to the British royal family is the Crown Jewels.

The Royal Institution of Chartered Surveyors noted that the value of these jewels was approximately $4 billion in 2019. The Royal Collection includes Rembrandt, Vermeer, Caravaggio, and Leonardo Da Vinci. The King's official London residence, which is Buckingham Palace, is estimated to be worth $4.9 billion.

Meanwhile, King Charles' formal residence in London when he was Prince of Wales was Clarence House, which is worth $72 million. Balmoral and Sandringham are worth $118 million and $73 million, respectively.

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Written by: Mary Webber

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