What's more, Charles didn't have to pay inheritance tax on his gains because of a 1993 agreement with the British government that exempts taxation on transfers of property and personal assets from one sovereign to another. These include a collection of real-estate holdings like Buckingham Palace and Windsor Castle, as well as the Duchy of Lancaster, which in March 2022 was valued at £652.8 million and is owned in a trust by the monarch. Like the wills of other royals before her, the Queen's will has been sealed and locked in a safe for nine decades, Reuters reported in September.Ī Forbes report on the monarchy's wealth estimated Charles' inheritance from the Queen at a whopping $500 million worth of personal assets.Īs monarch, Charles also takes over institutions that Forbes estimated manage $42 billion worth of assets.
The public won't know exactly what King Charles inherited from Queen Elizabeth II until at least 90 years after her death. King Charles III, Princess Anne, and Camilla, the Queen Consort, walking past the coffin of Queen Elizabeth II on September 12. Account icon An icon in the shape of a person's head and shoulders.
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