Re-roofing a cottage, replacing the boiler of a holiday home, replacing the gates of his numerous agricultural estates…we cannot imagine the costs poor Charles III must have endured.
Of course, his royal fortune is almost 680 million euros, times During his coronation last year. This makes him a better monarch than his mother, Elizabeth II. Accessing the throne late (aged 75), the heir had time to develop his business acumen.
Read more. Castle, Farms, Wind Turbine Fields: Charles III’s Fortunes Exceed Elizabeth II’s
Until Brexit, its vast acreage earned more than €300,000 in European subsidies, through the Common Agricultural Policy (CAP). Plenty but not enough to see. According to the revelations of a left-wing newspaper Guardian , for years, Charles III has been making ends meet on the dead man’s back. Nothing illegal. In the ancient Duchy of Lancaster in the northwest of England, feudal law empowered him to recover money from his subjects who died without a will or known heir.
A real hoard. In ten years, this “vacant property” fund has collected the equivalent of 69 million euros. Till then there was no secret from the British. The custodians of royal wealth always made sure to donate this money to charitable funds. However, according to documents obtained by the Guardian, unions only received 15% of the jackpot. The remainder was used to maintain Charles’s estates.
Charles III regrets knowing that the scandal threatens to further tarnish his crown. This Saturday, November 25, the Royal Palace announced that 100 million pounds (115 million euros) will be transferred to “ethical” investments.
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