The billionaire fortune of Carlos III weeks after his coronation: heritage, jewels, Rolls, Monets…

London is preparing at full speed for the coronation ceremony of Carlos III on May 6. In this countdown, the milmillonaria private fortune of the monarch: about 1,815 million pounds (about 2,060 million euros). publishes it The Guardian in a very extensive report in which he collects the valuation of his assets: properties (Buckingham, Lancaster, Kensington, Balmoral…), collector cars (Rolls, Bentley, Jaguar), pieces of art (Rembrant, Dalí, Monet) and the royal jeweler Bottom photo, a new portrait of the monarch, by Alistair Barford, released by Champagne Bollinger and the Illustrated London News on April 18 to mark his impending coronation.

The sovereign’s fortune has filled rivers of ink in the media since the death of his mother, Elizabeth II, in September 2022. The monarch and patricarch of the Windsor family inherited accounts that make him a millionaire with capital letters. As he estimated then Forbes: 128,000 million euros. Ahead, even, of Amancio Ortega. A figure that includes not only his property in real estate, but also his salary, his mother’s inheritance and even the turnover of his company Duchy Organic of organic oat biscuits from his Cornish crops. A true visionary of the bio world.

Does not pay in concept of successions on patrimony

To open the sovereign’s coffers, you have to go back to 1993. The then Prime Minister, John Major, closed a historic agreement with the British crown to regularize a new fiscal situation for the monarchy. The deal consisted of Isabel II and Carlos beginning to pay 40% of their private income to the Treasury. The official assignment, which was originally called the Civil List and was later renamed the Sovereign Grant, was exempt from this payment. In other words, his salary. In that agreement, a clause was also included that left out the inheritance tax on wealth: the palaces and their vast collection of art. According to him premier, with this clause it was intended to avoid the erosion of the royal patrimony, an annotation that raised dust. By contrast, it must be remembered that the British pay around 40% of the inheritance tax. These are the figures of Carlos III, according to data from Forbes.

Sovereign Grant: 98 millones

The salary. The Sovereign Subsidy for the monarchy was set at 98 million euros, which are intended for personnel, security, official travel expenses and property maintenance. Of that amount, 1.8 million were in 2021 for Carlos and his wife, Camilla Parker-Bowles, due to his then heir status.

Assets in real estate. The Windsors have almost 28,000 euros in real estate assets (specifically, 27,750 million), which cannot be put up for sale. According to the aforementioned publication, The Crown Estate is a real estate portfolio of 19,466 million euros in net assets, such as the busy Regent Street and the emblematic Ascot racecourse. Without the option to sell, the family does obtain income from assets (valued at 363 million, according to New York Times), which go to the Treasury. Regent St., hot spot London, is located in the West End and brings together firms such as Burberry, Apple or Zara itself, at 118 street.

We would also have to add the palaces. Buckingham’s, 4,895 million; Cornwall, 1.288 million; Lancaster, 746 million; Kensington, 627 million; and The Crown Estate in Scotland: 589 million.

The Heritage

Carlos III has received about 500 million from his mother, in concepts of assets, art, jewelery and real estate such as Sandringham (the house where Elizabeth II gathered her family for Christmas); and Balmoral Castle, in the Scottish Highlands, where the sovereign died. The new king will not have to pay the inheritance tax, as he is exempt.

in his art collection there are works by Rembrandt, Vermeer, Caravaggio and Leonardo Da Vinci. Also, the Royal Philatelic Collection (about 100 million). Express mention deserve the crown jewels. A 2017 Brand Finance report estimates the royal jeweler at $12.7 billion.

Elizabeth II received an inheritance from her mother, the Queen Mother, 70 million euros, which included investments in painting, with works signed by Claude Monet and Paul Nash; as well as tiaras, jewelry and a collection from the Fabergé house. These are 900 pieces of the Russian jeweler, dating from the 19th century, among which are the Fabergé imperial Easter eggs.

UK brand

The Firm (Monarchy PLC) It works like a business empire. The image of the monarchy is a United Kingdom brand and is consolidated. According to a study by the aforementioned Brand Finance, it represents the injection of 2,300 million euros into the country’s economy due to its contribution to tourism and merchandising (souvenirs, t-shirts, key rings and teacups with portraits of the Windsors).

Organic oatmeal cookies

In addition to the inheritance, we must underline the highly profitable management of Carlos III in the Duchy of Cornwall, converted into an ecological and sustainable farm with organic products, whose turnover in 2021 was 28 million euros. Its products are marketed in gourmet supermarkets under the Duchy Organics brand.

Before the pandemic, in 2019, he had a turnover of more than 200 million euros, which went to the foundation that bears his name. This prosperous eco-sustainable business, without chemicals or fertilizers, began in 1990. Carlos, committed to the environment, was already a visionary with his organic oatmeal cookies. Now his brand sells about 250 references.