King Charles III's USD744,82M Personal Wealth, Management of Duchy of Cornwall

(MENAFN) According to a report by The Sunday Times, King Charles III of Britain is estimated to have a personal wealth of pound600 million (USD745 million), making him over 60 percent richer than his late mother, Queen Elizabeth II, whose personal fortune was estimated at pound370 million (USD459 million) last year. A significant portion of King Charles III's income comes from managing the Duchy of Cornwall, a royal estate that spans 130,000 acres of land, 260 farms, and properties across England and Wales, including a cricket ground in South London. The duchy has traditionally been managed by the eldest son of the reigning monarch.

Over the years, King Charles III has reportedly increased the duchy's annual profits by 42.6 percent by diversifying its revenue streams. This includes selling products such as biscuits and beer, as well as renting out commercial properties. The Sunday Times estimates that King Charles III has received a staggering pound212.7 million (USD262.1 million) from the duchy alone between 2012 and 2022.

It is noteworthy that the Duchy of Cornwall is not just a source of personal income for King Charles III, but also a significant contributor to charitable causes. For instance, the duchy reportedly donated pound23 million (USD28.4 million) to various charities and causes in 2020.

In summary, King Charles III's personal wealth is estimated to be a substantial pound600 million (USD745 million), with a significant portion of his income coming from managing the Duchy of Cornwall. Through innovative strategies such as diversifying revenue streams, King Charles III has been able to significantly increase the duchy's annual profits while also contributing to charitable causes.

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