Net Worth: $210 Million
- Source of Wealth Property
- Birth Place Buckingham Palace, London, United Kingdom
- Height 5' 10" (1.78 m)
- Marital Status Married (Camilla, Duchess of Cornwall)
- Full Name Charles Philip Arthur George
- Nationality United Kingdom
- Date of Birth 14 November 1948
- Ethnicity English, German, Scottish
- Weight N/A
- Occupation Prince of Wales
- Education BA (Trinity College,Cambridge) MA (Cambridge)
- Children 2 (Prince William, Prince Harry)
The eldest child of Queen Elizabeth II, Charles, Prince of Wales, has a net worth of $210 million As of June 2012, according to WealthX. But what is striking about Prince Charles is his being “the champion of sustainable business.”
The prince’s “Duchy Originals”, an organic food company, founded by the prince in 1990, made “profits of £2.25 million, with £625,293 donated to charity” after it joined venture with Waitrose in September 2010. Duchy Originals had plans to launch the food brand in America and India “as part of a five-year plan to quadruple yearly turnover from £50m to £200m.
But mostly, Prince Charles generated income from his inherited landed estate, Duchy of Cornwall estate which was built in 1337 by Edward III for his son and heir, Prince Edward. The main purpose of The Duchy is to provide a secure income for the prince and the future Princes of Wales. Today this estate has a property portfolio worth over one billion dollars. The Duchy of Cornwall is a 200 square miles of land within 23 counties. This estate includes agricultural (Duchy Originals), residential (Poundbury) and commercial properties.
According to Prince Charles’ 2011 financial details of income, he earned £17,796,000, a 4% increased from his landed estate of Duchy of Cornwall. Interesting to note also was Prince Charles earning of a 17.9% from Grants-in-Aids and government departments totaling to £1,962,000. Grant-in-Aids include the travel by air and rail on official visits. During the year of 2010/11, Prince Charles and Duchess of Cornwall, Camilla Parker-Bowles spent about £388,000 a 56% increase from previous years.
Prince Charles also earned profit from his property deals which grossed to £43 million from years 2001-2006. These profits he generated from the sales of block of retail shops and farmland to the renovation of the Oval Cricket ground.
Indeed, Prince Charles can rest and enjoy his financially supported status being the heir of throne to England. But he opted to contribute in his own ways the power to champion sustainable business.
The Luxurious Life of Prince Charles – Someone to be celebrated for his Social Services
From splendid humanitarian socialist to a high profile property holder, Prince Charles has borne up success and popularity in all his doings. Being an eldest child of Elizabeth ll, he clasps with massive responsibilities and as a result he was granted with the title of “The Prince of Wales” at a very young age. However you might be aware of his education, social efforts, wedding etc.; but there are several other facts from his luxury to interest and his life after Diana which not many are aware of and which actually are interested to interpret about.
Separation with Diana
Although there was an early age romance between the Prince and Diana, their marriage didn’t last for long. Within only 5 years of getting married, there were presumed to be the issues between the two. Some said it is because of the 13 year age difference between them whether some blamed Charles’s adulterous affairs with Camilla. But the fact from inside says that Charles tried his unsurpassed to protect his marriage. Also he used to stay very upset after his separation and therefore couldn’t stop himself from attending the funeral of Diana after her death.
You might be aware of Charles luxurious life but do you know up to what extent. The prince has possession of over 10,000 houses around the world and same number of shops and offices. Apart from this, he also holds a huge portion of land which adds up to his property. Charles suffered a sky-scraping loss on his property in the past few years but in spite of this fact, he still holds a comforting property of about £260m which is essentially a massive total. This hikes up to his luxurious life although Charles be fond of investing more on the social reforms and growth of humanity.
How the Prince of Wales Pays the Bills
Prince Charles’ income continues to grow while at the same time he is working at shrinking his carbon footprint. The Prince of Wales reportedly also has a customized Aston Martin that runs on Wine. Official word from the Prince’s office revealed that Prince Charles had promised to reduce his carbon footprint by as much as 25 percent by using green energy.
His mother, Queen Elizabeth has an estimated worth of 500 million US dollars and as heir to the throne, Prince Charles received a sum of 28 million dollars from the Duchy of Cornwall estate. The Duchy of Cornwall estate was set up by King Edward the 3rd in 1337 and ever since its establishment, it serves the main purpose of providing an income means to the next in line to the throne.
All private and official activities of the Price of Wales are officially funded by the private annual income that is generated from the Duchy of Cornwall estate. However, under the 1337 charter of Kind Edward, Prince Charles in not entitled to receive the profits on the sale of the Duchy capital’s assets but he is entitled to receive the annual income. As of June 2012, this took his total net worth up to a sum of 210 million US dollars. Prince Charles has been known to spend most of his after tax earnings on charitable activities like the 10 million US dollars he spent on handing out salaries to the personal staffers of the Buckingham Palace. As Elizabeth’s first born child, Charles automatically inherited a property sum of more than one billion US dollars.
Prince Charles – The Prince of Wales was born as the eldest son of Queen Elizabeth and the Duke of Edinburgh Prince Philip on November 14th, 1948. He was christened as Charles Philip Arthur George in the Music Room of the famous Buckingham Palace on 15th December.
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