Castles, jewels, stamps… Between property belonging to the British Crown and the personal fortune of Queen Elizabeth, the new king receives a very diverse inheritance.
King Charles III did not only inherit the throne on the death of his mother, Queen Elizabeth II, who possessed a colossal and above all very diversified personal fortune.
First, the new sovereign will enjoy the property that belongs directly to the British Crown. We are talking in particular about Buckingham Palace, tens of thousands of jewels, 200,000 works of art… Everything was estimated by the magazine Forbes to 28 billion euros.
Regarding the personal fortune of Elizabeth II, estimated a few months ago at 430 million euros by the Sunday Times, a part will also be transmitted to Charles III, according to what the deceased queen’s will indicates. It is therefore impossible to estimate precisely the amount recovered by the new sovereign, since the document will remain in the private domain.
Indeed, unlike other Britons, the royal family does not have to make the will public. She is also exempt from inheritance tax.
Castles across the country
Regarding private properties, there is, for example, Balmoral Castle in Scotland, the residence where the queen died on Thursday. It is a 19th century castle, located in an area of 20,000 hectares. It is estimated at 200 million euros.
Among the residences, there is also Sandrigham Castle, in the east of England, where the royal family usually celebrates Christmas. Its value is estimated at around 150 million euros.
Farmland, stamps, horses…
Also in Queen Elizabeth II’s personal fortune are tens of thousands of acres of farmland and other real estate that fetch big every year: £24m in 2021.
Another interesting aspect of the inheritance, a mind-blowing collection of stamps, already bequeathed to Elizabeth II by her grandfather George V. And the amount of this collection makes you dizzy: nearly 100 million euros.
Charles III also inherited the Queen’s horses, a very prosperous racing stable which brought in several million euros each year.