Breaking down King Charles's portfolio — the Duchy of Cornwall — including what he owns and how he makes money.
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The Lede
At 73, Charles III became the oldest person to take the throne. Charles's estate, the Duchy of Cornwall, is managed by a large group of professionals, who've grown its value and profits by nearly 50 percent in the past decade. It includes a real estate portfolio that's roughly the size of Chicago. His estate is worth around $1.4B. In comparison the queen's portfolio is worth $949M and the Royal Family's overall worth is around $28B, but there are definitely more secrets.
Key Details
- Last year Charles's salary was $1.1M and he made $28M profit from his estate.
- The real estate portfolio, estimated to be around 130,000 acres, includes The Oval, a cricket stadium in south London, farmlands, seaside vacation rentals and suburban supermarket depots. Rental income is upwards of a million dollars per year.
- Charles has previously been in financial trouble, the The Sunday Times reported he took €1M, in cash, from a former Qatari PM, and his name also appeared in the Paradise Papers.