- Source of Wealth: Property
- Age: 71
- 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: Englsih
- Date of Birth: November 14, 1948
- Ethnicity: English, German, Scottish
- 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 $100 million. But what is striking about Prince Charles is his being “the champion of sustainable business.”
Duchy Originals is an organic food company which was founded by the prince in 1990. The company made a profit of £2.25 million after its joint venture with Waitrose in September 2010. A sum of £625,293 was donated to charity. 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.
Prince Charles generated most of his income from his inherited landed estate, the Duchy of Cornwall estate. The property 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 mile of land set in 23 counties. It includes agricultural (Duchy Originals), residential (Poundbury), and commercial properties.
According to Prince Charles’ 2011 financial details, he earned £17,796,000, a 4% increase from his Duchy of Cornwall estate. It is interesting to note Prince Charles is also earning 17.9% of 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 and 2011, 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 were generated from the sales of a block of retail shops and farmlands as well as the renovation of the Oval Cricket ground.
Indeed, Prince Charles can rest and enjoy his financially supported status being the heir to the throne in England.
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 has gathered immense success and popularity from all his doings. Being the eldest child of Elizabeth ll, he clasps with massive responsibilities. As a result, he received the title of “The Prince of Wales” at such a very young age. You might be aware of his education, social efforts, and wedding, but there are several other facts such as luxury, interest, and post-Diana life which many are not aware of.
Separation with Diana
Although it was an early age romance between the Prince and Diana, their marriage didn’t last for long. Within only five years of getting married, there were presumed issues between the two. Some said it is because of the 13-year age difference between them wile some blamed Charles’s adulterous affairs with Camilla. But the fact from the inside says that Charles tried 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.
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 the 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 that is approximately worth £260m in total. Charles is 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 he was working at shrinking his carbon footprint. The Prince of Wales reportedly also has a customized Aston Martin that runs on Wine. The 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) and as an heir to the throne, Prince Charles received a sum of $28 million (US) 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 is 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. Prince Charles has been known to spend most of his after-tax earnings on charitable activities like the $10 million (US) 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).
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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