Even members of The Firm-as high-ranking royals have been known since the days of King George VI-are often dependent on their elders for allowances, gifts and other blue-blooded handouts.Īfter training for the position for more than 70 years, King Charles III, whose coronation is on May 6, inherited large swaths of land, regal estates, rare jewels, paintings and other personal property-some going back centuries-from his mother, Queen Elizabeth II. When you’re a member of the House of Windsor, going into the family business may come with a lifetime of prestige and privilege, but it doesn’t always bring great wealth. Even before his coronation on May 6, Charles now oversees some $46 billion in assets and inherited at least $500 million from Queen Elizabeth, including her castles, jewels, art collection and a horse farm-all of it tax-free.
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