In a formal ceremony, King Charles III was announced King of England at Westminster Abbey on the 6th May 2023. He ascended to the throne last September (8th) (2022). The Diamond Jubilee state coach, in which King Charles III and Queen Camilla arrived with the palace’s royal guards was the first time in more than 900 years that the Palace has seen 40 coronation celebrations.
The King and Queen addressed all those who attended the ceremony in an official announcement. As the Coronation Weekend draws to a conclusion, my wife Camilla and I wanted to express our sincerest and heartfelt gratitude to everyone who has helped make this a truly special event. The statement said that we pay special tribute to all the people who gave their time and effort to ensure the festivities in London, Windsor, and beyond were safe, happy and fun.
Forbes reports that King Charles III, in addition to inheriting a number of prized possessions such as private estates, priceless art, and precious jewels, also has an impressive financial portfolio, thanks to the lucrative income from his Duchy of Cornwall investments and other sources.
The ultra-lavish life of King Charles III
Duchy of Lancaster
During his 64-year reign as Prince of Wales King Charles III earned millions of dollars from the Duchy of Cornwall, which allowed him to amass a massive amount of wealth. With the new title of Prince William now in place, King Charles III can access the Duchy of Lancaster. According to Statista, the Duchy of Lancaster reported an income of $19.98 million, or Rs 180.65 crore, for 2021-2022.
Edward III created the Duchy of Cornwall in the 14th Century. It is an important source of revenue for the future heir. Duchy of Cornwall properties include the Oval Cricket Ground, Isles of Scilly and the coast around Cornwall.
Forbes reports that King Charles III, as the current monarch, also inherited the Crown Estate. The Crown Estate is worth more than $19.5 billion, or Rs. 16000 crore. The Crown Estate includes large spaces located in high-end locations in Britain, such as Regent Street and St James’ Street. The Crown Estate, also known as Monarchy PLC, includes a number of properties in Britain, including Regent Street, St James’ Street, Windsor Park and large areas of Wales, Northern Ireland and the foreshore.
According to Forbes, King Charles III has moved into the Buckingham Palace. The palace is worth $4.9 billion, or approximately Rs 4000. According to the same report, King Charles III now owns eight other royal palaces located in England. The net value of these properties is estimated at $9.5 billion. List of luxurious palaces include Windsor Castle, Hillsborough Castle (in Northern Ireland), Sandringham House and Balmoral Castle.
Buckingham Palace has 775 rooms, including 19 staterooms and 92 offices. It also includes 78 bathrooms and 188 bedrooms for staff. Buckingham Palace is also the site of many royal events and ceremonies, making it one of England’s most important monuments.