rent where they are refurbishing the property into higher income and cannot afford it and you ship out and raising rents and improving the standard of the party, basically. the finances of the royal family are not straightforward, are they? in the most straightforward way possible, can you just talk us through the different areas of the finances? ., , finances? you re right. it s incredibly finances? you re right. it s incredibly complex - finances? you re right. it s incredibly complex and - finances? you re right. it s l incredibly complex and there finances? you re right. it s - incredibly complex and there are a few main pots of money and the dutch in duchy of lancaster is owned by whoever sits on the throne if it was the queen elizabeth before charles and charles automatically inherits it and passing on the duchy of cornwall to prince william, his son. he spent decades turning that estate into a sleepy, landed gentry estate
LONDON — Rents in the United Kingdom are rising at a record pace, a trend that helped the nation’s most famous landlord, King Charles III, make a big payday. Charles received 26.2 million pounds, or about $34.3 million, this year from his vast property empire, known as the Duchy of Lancaster. Charles inherited the estate when his mother, Queen Elizabeth II, died last fall. The 45,000-acre estate is roughly the size of Washington, D.C., and it generates millions of dollars a year in rental income
The Prince of Wales received a private income of nearly £6m this year. However, he has been criticised for not publishing an annual report for his first year as heir to the throne.