King Charles' assets grew by millions last year. Now its net assets are almost 850 million US dollars

King Charles saw a bump in his personal assets last year. The Sunday times Reports.

The publication published its annual “Rich List” this week, in which some of the wealthiest prominent Great Britain, including Lewis Hamilton, David and Victoria Beckham, Elton John and of course The King, were staged.

While the list 156 billionaires – a decline compared to 165 last year – the king does not contain them. Nevertheless, his assets grew by almost 40 million US dollars last year and placed him in 238th place with an estimated net value of almost 850 million US dollars.

The king's actual assets are a hotly competitive topic, since most of his royal assets and goods belong to the “the crown”. Many therefore do not agree whether they should belong to their personal portfolio or not.

For example, The times Neither counted the Crown Estate nor the Duchy Lancaster when calculating King Charles' current assets.

“Both lands are sovereign with the job and there are rules that have the ability of a monarch to sell or benefit from them,” said the outlet. “In order to consider these personal stocks of the king, a manager who looks at the office laptop or the company car, which is parked as separate on its entrance.”

Similarly, a large part of art, jewelry, tapestries, sculptures, furniture and other decorations of the royal family belong to the royal collection and are considered sovereign, not personally owned by them.

The times The royal biographer Robert Hardman quotes: “Our monarchy is really not as wealthy as many people. I certainly don't think the king is a billionaire.”

However, the king's personal portfolio includes the Royal Estate in Sandringham and Balmoral, the most valuable assets of the royal family and two of its preferred residences.

The main residence of Sandringham had a value of 73 million US dollars in 2022, but the entire estate is far more valuable. It also brings additional income through tours and namesake products such as Sandringham apple juice.

While the castle in Balmoral has a value of 80 million US dollars, the Times includes the surround estate – including huge hole, mountains and moores – at around 278 million US dollars.

Can't you get enough of People's Royals reporting? Register for our free Royals newsletter to get the latest updates for Kate Middleton, Meghan Markle and more!

King Charles' personal portfolio also includes inherited wealth of his late parents, Queen Elizabeth and Prince Philip. However, this is also difficult to assess, since the will of Senior Royals sealed in a secret place and are not available for public inspection.

The investment portfolio of the late queen will estimate a value of around 165 million dollars. However, your personal collection of art and stamps as well as her remains of her once lucrative horse breeding program are “not appreciated with precision”, says loudly The times.

Read the original article about people