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Prince Charles s bold decision to put Michael Fawcett in charge of his charity empire sealed an astonishing rise to power for his former valet. And the move is already paying dividends.
I can reveal that the heir to the throne s educational charity, the Prince s Foundation, enjoyed an increase of £4million in its net assets this year.
According to newly filed figures, it boasted assets of £119.5 million in the 12 months to March. Incoming resources also soared, from £16.5 million in 2019 to £22.3 million this year.
Fawcett, who started as a junior footman, was made the £95,000-a-year chief executive of the foundation in a major re-organisation of Charles s philanthropic work in March 2018.