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Cannot sell its assets
- It is not the King's private property - it merely belongs to the monarch for the duration of their reign. The King cannot sell its assets or keep any profits for himself.
www.bbc.com/news/explainers-57559653
There are three sources of funding for The King, or officials of the Royal Household acting on His Majesty’s behalf, in both a public and private capacity. These are: the Sovereign Grant, the Privy Purse and The King’s personal wealth and income. The Sovereign Grant
No. The Crown Estate is not the private property of the King. Our assets are hereditary possessions of the Sovereign held ‘in right of the Crown’. This means they belong to the Sovereign for the duration of their reign, but cannot be sold by them, nor do revenues from the assets belong to them.
- Duchy of Lancaster
- Personal Wealth
- The Crown Estate
- Size of The Estate
- The Coronation Costs
The posts claim that King Charles inherited “£650m tax free”. This is most likely referring to the Duchy of Lancaster, which includes rural areas in Lancashire and Yorkshire as well as properties in central London and financial assets. In the year ending March 2022, its net assets were worth £653 million. The Duchy of Lancaster is the property of t...
According to the latest Sunday Times Rich List, King Charles has a personal wealth of £600 million, which is largely owing to income from the Duchy of Cornwall. This is another portfolio of land and assets that is overseen by the heir to the throne in right of the crown. Similarly to the Duchy of Lancaster, it does not belong to the heir personally...
The “£350 million a year” figure in the text seems to refer to the annual revenue of the Crown Estate, which is a portfolio of property and other holdings. In 2021/22, this had a net revenue of £312.7 million but in previous years it has been closer to the figure quoted in the Facebook posts at £343.5 million in 2018/19 and £345 millionin 2019/20. ...
It is unclear exactly where the £22 billion figure in the posts comes from but it could refer to a Forbes article about the King’s “$25 billion real estate empire”, which convertsto just over £20 billion. Again, the majority of this figure comes from the Crown Estate, which had net assets worth £16.5 billionin 2021/22 with £15.6 billion coming from...
Multiple posts say that the coronation cost £250 million. There has been no official figure given for the price of the event but it has been reportedthat estimates are between £50-100 million. The Department for Culture, Media and Sport told Full Fact that it was unable to confirm the cost at this stage, but it would be made public in due course. I...
Mar 10, 2021 · As with the Crown Estate, Prince Charles cannot sell the assets belonging to the Duchy, but he can earn money from them.
Sep 21, 2022 · By law, the beneficiary cannot sell assets, and only receives a payout from the revenues generated. In 1969, when Charles was 21, he started receiving the duchy's full income. By the...
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Jun 1, 2022 · Royal family members personally keep profits from the duchies and can spend them as they wish. The way the money is spent is not public. However, while assets in the duchies can be sold, the royals are not entitled to any proceeds from capital sales, which much be reinvested in the estates.
