i m fredericka witfield. a historic moment for all of the world to see after 70 years, great britain has a new monarch. king charles iii was crowned today during a coronation ceremony at westminster abbey. the nearly 400-year-old crown was placed on his head officially marking him as the new king. god save the king! god save the king! also being crowned, a new queen. king charles s wife camilla receiving her crown during that ceremony. there was elation over the coronation in the streets of london. tens of thousands lining the streets to catch a glimpse of the royal family. the king and queen waving to the public from the gold state coach there, which was originally built back in 1762. and then a royal salute from 4,000 british troops. hooray! in a moment some have been waiting for days to see, king charles and queen camilla and the royal family stepping onto the balcony of buckingham palace to greet the clouds lining the mall. it was a day many will never forge
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just how wealthy they are. the family doesn t privately own buckingham palace or windsor castle or the crown jewels. these are owned by the nation. there are other assets like regents street, ascot race course owned by another institution called the crown estate. in a deal struck in 2011 the royals are paid for sovereign grant set at 25% of the crown estate s profits. this money is given as the kind of allowance. it pays for staff, royal duties and the upkeep of palaces. the rest of the money goes back to the british treasury. wyou can t sell buckingham palace and sell it and go on a nice holiday.