Inside King Charles III’s unbelievable $25 billion real estate empire
. That means he’ll have to pay about $740,000 in annual rent to his son William, who succeeded him as Prince of Wales and Duke of Cornwall and now holds Highgrove under the Duchy of Cornwall.Charles III’s $25 billion real estate empire is spread across the United Kingdom as well as two cottages in Transylvania. Here are all the properties where he can stow thrones.
Those properties are part of a vast collection of at least seven palaces, 10 castles, 12 homes, 56 holiday cottages and 14 ancient ruins, percount. Aside from Balmoral Castle in Scotland and Sandringham House in Norfolk, which he inherited from the Queen and now personally owns, none of these opulent residences and historic monuments are directly owned by the King. Most are held by the Crown Estate, the Duchy of Lancaster and the Duchy of Cornwall, institutions heldfor the duration of his reign.
And it’s not just palaces and countryside homes: through the Crown Estate and the Duchies, Charles now also oversees $12.9 billion in commercial, residential and agricultural properties throughout the U.K., ranging from Ascot Racecourse and the Oval cricket ground to at least three golf courses, a private airfield and the Savoy Chapel in Westminster, the private church of the reigning monarch.