© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News

The sovereign’s wealth: UK royal family’s finances – explained

The holdings of the crown estate, Duchy of Lancaster and Duchy of Cornwall, together worth £17bn

King Charles III will inherit his mother’s considerable wealth alongside assets belonging to the crown. One of the richest people in the world, Queen Elizabeth II inherited much of her fortune but is credited with having made some astute investments during her long life and reign.

The sovereign and the wider royal family have three main sources of income, the crown estate, the Duchy of Lancaster and Duchy of Cornwall, much of it derived from centuries-long ownership of land and property across the country, including in central London, and even the seabed around swathes of the British Isles, amounting to assets with a combined value of more than £17bn.

Continue reading…

Related posts

Do I need a brolly? Google uses AI to try to improve two-hour rain forecasts


UK ministers to scrap target of cutting 91,000 civil service jobs


Two men arrested over fire at Crooked House pub in Himley


Pin It on Pinterest

Share This