King Charles III’s wealth has been estimated at approximately £2billion as a result of inherited possessions, according to reports. The monarch’s net worth is not officially known, nor has it ever been released, as his personal wealth is generally hidden from public view.
But according to the Guardian, the King’s possessions include rural estates, diamond jewels, artworks by Monet and Dali, Rolls-Royces, racehorses, and valuable stamps.
The Royal Family have a complete exemption from inheritance tax, which is their most significant financial asset.
This most likely made it possible for King Charles to inherit his mother’s wealth without paying any taxes.
The King’s public activities as a working royal have likely contributed significantly to his private fortune. King Charles’s total personal wealth is thought to be £1.815billion.
For instance, he owns about 23 vehicles at Sandringham and the Royal Mews at Buckingham Palace.
In terms of properties, the crown estate owns Buckingham Palace and Kensington Palace. But among King Charles’s most valuable possessions are two rural estates that he inherited from his mother.
The first is Balmoral, valued at roughly £80million, which Prince Albert, the husband of Queen Victoria, purchased in 1852 as a getaway retreat in the Scottish Highlands.
This property was often described as a favourite of the late Queen Elizabeth II where she escaped every summer.
Moreover, the expansive Sandringham estate in Norfolk, which Victoria purchased in 1862 for her son, is even more valuable at a reported £250million. This is where the Royal Family spend every year at Christmas.
At tomorrow’s Coronation ceremony, King Charles will wear the Imperial State Crown which is worth a whopping £5billion on its own.
Queen Letizia dons ‘gorgeous’ floral tiara that ‘Kate should wear'[LATEST]
Prince William ‘looks sharp’ in suit that Harry is not allowed to wear[STYLE]
Expert claims Princess Anne shows ‘inner tension’ in new interview[PICTURES]
The King will don the Imperial State Crown at the conclusion of the Coronation ceremony at Westminster Abbey. A stunning variety of stones, including 2,868 diamonds, 17 sapphires, 11 emeralds, 269 pearls, and four rubies are set in this headpiece made of gold.
In addition, the front is embellished with the second-largest stone ever cut from the Cullinan Diamond, the biggest diamond ever mined.
The original crown that was made for Queen Victoria in 1838 was replaced with this current design for the 1937 Coronation of King George VI.
It is estimated to be worth a sensational £5billion, making it the most expensive piece of royal jewellery.
The Imperial State Crown comes equipped with an ermine band and a purple velvet cap and is famous for being worn by the monarch when they depart Westminster Abbey following their Coronation. However, it is also worn at other official events, such as the yearly State Opening of Parliament.
Source: Read Full Article