The current king of the United Kingdom, who will be crowned on May 6, has a high net worth. The sum total drew criticism around the world.
The personal fortune of King Charles III is almost 1,815 million poundssome US$2.260 millionaccording to an investigation by the British newspaper Guardianwhich analyzed the art collection, the jewels inherited from his mother, the luxury cars and the monarch’s properties, which include castles and a painting of Monet. The exorbitant sum is three times higher to the estimated
The growth of fortune is supported by a key factor: royalty is exempt from paying inheritance tax, which applies to amounts above US$400,000 and is around 40% for the rest of the population. For this reason, Carlos was able to receive all his assets after the death of Isabel II.
According to the report, consulted with estimates from 12 experts, Carlos, who will be crowned next month, personally owns vehicles valued at US$7.8 million, including rolls royce, Bentleys and jaguars. Also, the castle balmoralwhich was the private property of Queen Elizabeth II until her death in September 2022, was valued at $100 million. For its part, the estate where royalty spends Christmas, sandringhamwas valued at US$311 million.
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REUTERS
The horse collection of the queen, composed of about 70 thoroughbreds, was valued at $33 million, and Carlos has already started selling them, earning $2.8 million at auction. Royalty also owns a stamp collection with hundreds of thousands of entries, which experts valued at $124 million.
Among the royal art collection is a Monet valued at £20 million, along with 60 other works collectively valued at almost $30 million. Meanwhile, a collection of 54 privately owned jewels it was estimated to be worth £687 million.
The newspaper indicated that one of the most difficult calculations was on the King’s investmentssince little is known about it, so he used previous reports on the queen’s movements in stocks and investment funds, calculating a conservative average return on savings, and discounting payments in the divorce of Carlos and the Princess Diana. The result of real private participations was estimated at US$176 million.
In response to the Guardian, the king’s spokesman refuted the figurescalling them a “highly creative mix of speculation, assumption and inaccuracy”.
Source: Ambito
