Yahoo Finance King Charles III to inherit $38 billion fortune
Following the passing of Britain's longest-reigning monarch, Queen Elizabeth II, King Charles III is set to inherit a vast fortune.
Her Majesty has left behind more than $500 million in personal assets from her 70 years on the throne, according to Fortune.
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This fortune now passes on to King Charles III.
But, there is a great deal more than $500 million on the line. Here’s a breakdown of the Royal Family’s massive fortune.
Yearly income of the Monarch
The Queen received a yearly sum through what is known as the Sovereign Grant, which is equivalent to £1.29 per person in the UK.
In Aussie dollars, that’s around $2.23 per person, which last financial year amounted to a whopping $148 million.
The money is used to fund official travel, property maintenance and operating costs of The Queen's household.
Multi-billion property portfolio
While a $148 million salary would be the envy of just about anyone, The Queen also owned around $38 billion in assets.
The assets include the Crown Estate, as well as Buckingham Palace, the Duchy of Lancaster, the Duchy of Cornwall, Kensington Palace and the Crown Estate Scotland.
The Monarch is not entitled to sell any of these assets, unsurprisingly, but the Royal Family does receive 25 per cent of the profits from the Crown Estate income.
Jewellery collection
Officially, the Crown Jewels are considered to be priceless and, shockingly, they are not insured.
And while there are no official figures for their worth, estimates put the entire collection at $5.5 billion.
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