Prince Charles’ annual income surged to £ 23 million last year as the value of his property jumped to a record £ 1.2 billion.
- Prince Charles’ annual income rose to £ 23 million last year
- The value of his portfolio of assets as part of the Duchy of Cornwall is £ 1.2 billion
- The vast grounds include an oval cricket ground, the Isles of Scilly, and Dartmoor Prison.
Prince Charles’ annual income rose to £ 23 million last year.
The value of his real estate in the Duchy of Cornwall surged to a record £ 1.2 billion.
Thanks to the staycation and record trading year, the Principality experienced a post-pandemic “bounce”, resulting in a surge of approximately £ 93 million (a little over 15%) in the previous fiscal year.
This real estate is a thriving portfolio of land, real estate and investment, including the Isles of Scilly, Oval Cricket Fields and Dirt Mall Prison. Charles has the right to profit and pays income tax voluntarily.
The value of Prince Charles’ assets in the Duchy of Cornwall surged to a record £ 1.2 billion
Staycation’s popularity during the Covid Crisis boosted income from Principality villas with record bookings, but the Principality’s Botanical Nursery in Lostwithiel, Cornwall was also a booming year.
Principality’s total wealth increased by £ 92,838,000 from £ 1,115,850,000 in 2020/2021 to £ 1,208,688,000 in 2021/22. Net asset value after deducting borrowing reached £ 1,049,069,000 from £ 953,823,000.
Alastair Martin, Principality Secretary and Record Holder, said:
“Sure, the recovery from the pandemic was faster than expected for many tenants, and therefore for us.
“Many people chose to stay in the UK for their vacation, sought the quality offers we offer, and brought record bookings and visits.”
Yesterday, Charles joined the Queen to make an unexpected public appearance at a unique military event in Edinburgh.
In the gardens of the Palace of Holyroodhouse, more than 300 officers and archers from the Scottish Queen’s bodyguard marched in the Reddendo parade.
The 96-year-old monarch has suffered a series of health problems in recent months while the prince is inspecting the royal company for his mother, but she looks shining when she sees it.
A charity trustee who handed the bag of cash given to him by Prince of Wales from Qatar Sheikh reported a “serious incident” to the charity committee.
The Prince of Wales Charity Fund received £ 2.5 million given to Charles in three installments by former Qatar Prime Minister Sheikh Hamad Binja Sim Bin Javertani between 2011 and 2015.
Last night, the Charity Commission confirmed the news of a “serious incident report” that could cover everything from natural disasters to philanthropic and reputational harm.
However, sources emphasized that it would be considered a possible “procedural” move under such circumstances, especially if the charity noticed that it was under extensive media surveillance.