In just over a year since his ascension to the throne, Charles III has managed to surpass the fortune amassed by his late mother, Queen Elizabeth II.
At the age of 75, the monarch is facing a significant personal challenge, bravely battling the cancer he was diagnosed with in February of the previous year.
Despite this, he has reported a remarkable increase in his income over the past year, contributing to a considerable increase in his personal wealth.
Following his divorce from Princess Diana in 1996, which involved a $21 million settlement, Charles III has been able to manage his earnings from the Duchy of Cornwall efficiently.
This prudent and strategic management has allowed him to rebuild and expand his wealth over the years.
What is King Charles’ new net worth?
According to the 2024 edition of the Sunday Times Rich List, the net worth of Britain’s King Charles is estimated at $770 million, making him the 258th wealthiest person in the United Kingdom.
This estimate represents an increase of $12 million over the previous year. The monarch’s fortune has surpassed that of his late mother, Queen Elizabeth II, whose personal wealth was valued at $468 million in 2022.
Despite this notable increase, there are British aristocrats with larger fortunes, including Hugh Grosvenor, the Duke of Westminster and godfather of Prince George, whose family wealth is estimated at $12.8 billion.
The Duchy of Cornwall, valued at $1 billion, comprises an extensive range of assets, including agricultural land and commercial properties in various locations, and serves as a source of income for the Prince of Wales and his philanthropic endeavors.
With the inheritance of the Duchy following the passing of Queen Elizabeth II, it is anticipated that Prince William’s wealth could also see significant growth.