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Rent Increases Helped Make Record Earnings for King Charles III

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 ....

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