King Charles Inherits Riches, and Passes Off His Own Empire

Charles, who formally acceded to the British throne on Saturday, spent half a century turning his royal estate into a billion-dollar portfolio and one of the most lucrative moneymakers in the royal family business.

While his mother, Queen Elizabeth II, largely delegated responsibility for her portfolio, Charles was far more deeply involved in developing the private estate known as the Duchy of Cornwall. Over the past decade, he has assembled a large team of professional managers who increased his portfolio’s value and profits by about 50 percent.

The conglomerate’s holdings are valued at roughly $1.4 billion, compared with around $949 million in the late queen’s private portfolio. These two estates represent a small fraction of the royal family’s estimated $28 billion fortune. On top of that, the family has personal wealth that remains a closely guarded secret.

King Charles Inherits Riches, and Passes Off His Own Empire

Power and money corrupt.

Absolute power and insane amounts of wealth corrupts ABSOLUTELY.