King Charles has a reason to celebrate amid his ongoing cancer battle and family troubles. According to a new analysis, his personal wealth has seen a dramatic increase, making him significantly wealthier than his late mother, Queen Elizabeth II.
The monarch is now the 258th wealthiest person in the United Kingdom, with an estimated net worth of $770 million, according to the 2024 Sunday Times Rich List. This represents a $12 million increase over the past year, largely due to the rise in value of his property portfolio.
Before her death in September 2022, Queen Elizabeth II had a personal net worth of $468 million. King Charles inherited private estates such as Sandringham in Norfolk and Balmoral in Aberdeenshire, which constitute the majority of his wealth.
The Sunday Times has only considered the King’s personal assets in calculating his net worth, excluding the Crown Estate, the Duchy of Lancaster, and the Crown Jewels, which he holds in trust for the country.
During his tenure as Prince of Wales, Charles earned a private income of approximately £23 million per year from the Duchy of Cornwall. This income was used to cover non-official expenses, personal staff, office costs, and official housing.
Since ascending to the throne after his mother’s death, King Charles has risen to 258th place among the UK’s 350 wealthiest individuals and households, up from 263rd in 2023.
In 1996, following his divorce from Princess Diana, King Charles settled with her for $21 million. A former advisor revealed that Charles managed to restore his finances by saving revenues from the Duchy of Cornwall, a $1 billion estate that includes land, farms, residences, and other assets. “He became prudent at tucking away some money from the Duchy after that wipeout [of capital],” the former aide stated.
Prince William, the heir to the throne, is also doing well financially. CelebrityNetWorth estimates his net worth at $100 million, while the Daily Express suggests it could be over $1 billion following his inheritance of the Duchy of Cornwall from King Charles.
