![]() The UK prepares for the coronation of King Charles III - in pictures Founded in the 13th century, it is held in trust for the British sovereign and provides around £20 million in annual income. It is a portfolio of rural and urban property and assets spread over 18,433 hectares. ![]() In addition, the Duchy of Lancaster is worth £653 million, according to its accounts. Sandringham, where the royal family celebrate Christmas, in Norfolk, England, is valued at £250 million.īalmoral, Charles’s summer home in Scotland, is estimated to be worth £80 million. Two private rural estates are together estimated at £330 million. Perhaps the single biggest component of Charles’s £1.8 billion fortune is derived from real estate. The figure does not include the Crown Estate. It used the principle of “beneficial ownership”, referring to the person who ultimately controls or benefits from an asset. The Guardian arrived at its estimate in consultation with experts in different fields. By contrast, Charles’s private holdings are his own. He cannot sell it and relinquishes all profits from the estate to the government, in exchange for a portion known as the Sovereign Grant, which covers the expenses of working royals. The Crown Estate is not the monarch’s private property. The Crown Estate’s properties were valued at £15.6 billion in its most recent annual accounts, released last June. These holdings are part of the Crown Estate, a collection of assets publicly owned by the monarch for the duration of their reign. As head of state, the British monarch's residences include Buckingham Palace and Windsor Castle.
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