The investigation reveals that their estates, the Duchy of Lancaster and the Duchy of Cornwall, encompass 180,000 acres across England and Wales and generate substantial revenue through various commercial contracts, including fees from government departments and public services.
King Charles is reportedly worth £610 million, with the Duchy of Lancaster generating £27.4 million last year and the Duchy of Cornwall bringing in £23.6 million for Prince William. Notably, both duchies operate under a special tax agreement, exempting them from certain taxes while they charge public entities millions for land use. The revelations highlight a complex web of royal finances that has been largely hidden from public scrutiny.
To read article visit: https://www.thetimes.com/article/40de6e15-0456-49cb-988c-1ec39518cef9 & The royal family only benefits from greater transparency
