If you are a member of the Windsor family, entering this "family business" may bring a lifetime of prestige and privilege, but it does not always bring great wealth. Even members of the "firm"-senior members of the British royal family have been called by this name since King George VI's time-often rely on allowances, gifts and alms from their elders.
But the king's treatment is still good.
After preparing for this position for more than 70 years, the new British King Charles III inherited a large area of land, royal estates, rare jewels, paintings and other private property from his mother Elizabeth II, some of which can be traced back centuries. He is also responsible for managing a $42 billion investment portfolio, including billions of dollars in investments and other luxurious palaces, shiny jewels and priceless works of art, which Charles will never really own.
The queen's will is expected to be sealed for at least 90 years, so the exact distribution of her property will not be known until several generations later. But as her eldest son, Charles inherited the Queen's private property-including her Balmoral Castle in Scotland (where she died) and Sandringham Manor in the east of England (the thoroughbred farm known as the royal stallion). In addition, King Charles is expected to inherit the Queen's large private collection, including jewelry, artworks, rare stamps and all personal investments. Forbes valued these personal assets at $500 million. Moreover, due to an agreement reached between the British royal family and the British government in 1993, Charles did not need to pay any inheritance tax, because the agreement exempted one monarch from transferring property to another.
When he succeeded to the throne, 73-year-old Charles himself had a lot of money, mainly from his rich annual income from the Principality of Cornwall. The duchy of Cornwall brought him about $27 million this year, and his eldest son, Prince William, will inherit the property. During his tenure as Prince of Wales, Charles also initiated several activities to protect the environment and promote organic agriculture. Through his charitable foundation (now inherited by Prince William), Charles owns the largest organic food brand in Britain, as well as a natural sanatorium and handicraft center in Transylvania, all of which provide accommodation and breakfast.
Now owned by Prince William, the Principality of Cornwall is a comprehensive enterprise group with net assets as high as $65.438+0.2 billion, including the Oval Cricket Court in London and Charles' stadium at Highgrove Manor.