How The Queen's Death Made King Charles An Even Richer Man
Lifestyle - News
By SHERI RADFORD
Queen Elizabeth II was one of the richest women in the world, worth an estimated $600 million at the time of her death, according to Celebrity Net Worth. Now that the queen has passed on and her son Charles has become king, his former net worth of $100 million is expected to soar upwards for a variety of reasons.
The BBC notes that the Sovereign Grant is the main source of the royal family's income; the grant is usually calculated as 15% of the profits from the Crown Estate, which includes assets such as shopping malls, the Ascot racecourse, and Regent Street in London. The Sovereign Grant for 2020-21 totaled £85.9 million (approximately $98 million).
Not only will Charles gain control of the Sovereign Grant, but he will also inherit the Duchy of Lancaster, a private estate that earns around $23 million per year. The king also owns his mother's personal fortune of an undisclosed — but undoubtedly high — amount, bringing his net worth up to an estimated $600 million, the same as the queen's.
Additionally, Queen Elizabeth turned the royal family into the fifth-largest "corporate" brand on the planet. The House of Windsor is reportedly bigger than common household names such as Coca-Cola and Nike, and if Charles can maintain a positive image for the royal family, he can potentially grow this highly lucrative "brand" even further.