![]() The Forbes report provided estimated values of 11 historic buildings in Charles' real-estate empire, which are outlined below. ![]() These profits largely came from public-tour admissions, gift-shop sales, and leased retail space. The properties range from quaint countryside estates such as Kew Palace to the gargantuan Buckingham Palace with its 775 rooms and priceless collections of furniture, artwork, and other artifacts.įorbes reported that the entire Crown Estate - including royal palaces and homes as well as properties such as Regent Street (a major shopping street in London's West End) and the Ascot Racecourse - netted a £312.7 million profit in the 2022 fiscal year. And thanks to a rule the UK government introduced in 1993, he didn't have to pay an inheritance tax on any of his personal real estate. The monarch also gained control of the Crown's estimated $42 billion, or £33.7 billion, in royal assets - $9.5 billion, or £7.6 billion, of which is in real estate - according to a 2022 Forbes report. When King Charles III ascended the throne in September, he inherited more than just his title. It often indicates a user profile.īy clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept our Account icon An icon in the shape of a person's head and shoulders. ![]()
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