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Duchy Of Lancaster

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

Originally Published 2 years ago — by Newser

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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.

"Exploring the Royal Family's Net Worth and Residences"

Originally Published 2 years ago — by Insider

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Source: Insider

The British royal family's wealth comes from various sources, including a taxpayer-funded grant, a multibillion-dollar real-estate portfolio, and inherited assets. King Charles inherited $500 million worth of personal assets from Queen Elizabeth II, but he also manages institutions that Forbes estimated manage $42 billion worth of assets. A large portion of Charles' wealth comes from the Sovereign Grant, a taxpayer-funded grant given to the monarch, and he also receives funds from the Duchy of Lancaster, an estate worth over $815 million.