Tag

Duchy Of Cornwall

All articles tagged with #duchy of cornwall

"King Charles III's Controversial Profits from Deceased Citizens Exposed"

Originally Published 2 years ago — by Newser

Featured image for "King Charles III's Controversial Profits from Deceased Citizens Exposed"
Source: Newser

An investigation by The Guardian reveals that the deaths of individuals without wills or known next of kin in parts of England have increased the personal wealth of King Charles III. Assets from these individuals go to the Duchy of Lancaster property estate, controlled by the king, if they die in a former dukedom covering northwest England. Similar arrangements exist in Cornwall, where assets go to the Duchy of Cornwall. While the duchies claim that the funds are donated to charities, documents show that only a small portion goes to charities, with officials using the funds to upgrade properties rented out for profit. Critics argue that the revenue is being used as a "slush fund" to renovate properties, while those affected express dismay that the funds are increasing the king's wealth.

King Charles relinquishes Welsh property in effort to streamline monarchy.

Originally Published 2 years ago — by Business Insider

Featured image for King Charles relinquishes Welsh property in effort to streamline monarchy.
Source: Business Insider

King Charles has given up the lease on his Welsh cottage, Llwynywermod, which he rented from the Duchy of Cornwall since becoming king. The property was bought in 2007 for £1.2 million as a base for his regular visits to Wales. Charles is returning the keys as he can no longer use it like he used to. Since the Duchy of Cornwall passed to his son William, who is now the Prince of Wales, Charles has personally paid rent on the property. The King's decision to give up the lease comes as he tries to reduce costs of his many residences.

King Charles' Wealth Surpasses Late Queen's After Financial Rebuilding.

Originally Published 2 years ago — by New York Post

Featured image for King Charles' Wealth Surpasses Late Queen's After Financial Rebuilding.
Source: New York Post

King Charles has reportedly amassed a personal net worth of £600 million, surpassing that of his late mother, Queen Elizabeth II. He earned much of his fortune from the Duchy of Cornwall, which he took over in 1969, and the Sandringham Estate and Balmoral Castle. He also owns a line of foods and produce called Duchy Originals, which donates all profits to charity. Despite his wealth, he is known to be frugal and environmentally conscious. His coronation ceremony is set for May 6, but reports suggest it has been thrown into chaos. Prince Harry will attend the ceremony without his wife, Meghan Markle.

King Charles' fortune surpasses late Queen's at £600m.

Originally Published 2 years ago — by Daily Mail

Featured image for King Charles' fortune surpasses late Queen's at £600m.
Source: Daily Mail

King Charles has a fortune worth £600 million, almost double that of the late Queen's estimated £370 million. He carefully saved money from profits from his Duchy of Cornwall endeavor and became more frugal after his £17 million divorce from Princess Diana. His stewardship of the Duchy of Cornwall has seen it rapidly increase its profits to £25.4 million a year, with wealth of £1.04 billion. He also inherited nearly £22 billion in assets belonging to the Crown Estate after the death of Queen Elizabeth II.

The Wealth of King Charles: From Biscuits to a Golden Throne.

Originally Published 2 years ago — by Business Insider

Featured image for The Wealth of King Charles: From Biscuits to a Golden Throne.
Source: Business Insider

King Charles has a personal fortune of nearly $750 million, according to The Sunday Times. He is worth about $285 million more than the late Queen. Charles became scrupulous with his finances after divorcing Princess Diana and began saving profits from the Duchy of Cornwall. A large chunk of his fortune comes from the Sandringham estate in Norfolk, estimated to be worth £245 million, and Balmoral castle in Aberdeenshire, Scotland, worth £210 million. As King, Charles is now in control of the Crown Estate, worth about £15.6 billion.