King Charles, who ascended the throne at age 73, is the oldest person in British history to be crowned king. His late mother, Queen Elizabeth, reigned for 70 years. Following his coronation, King Charles now oversees some $42 billion worth of trust-held assets, according to a September report by Forbes .
And that’s in addition to $500 million portfolio of personal assets, which includes regal estates, jewels, and art that he inherited from the late Queen, per the report. According to Forbes, the Crown Estate is the single most valuable asset held by King Charles. The Crown Estate, a real estate portfolio that includes Ascot Racecourse and the entire seabed of the UK, is worth $17.
5 billion. The exact distribution of Queen Elizabeth’s personal assets will not be revealed for almost a century, as it is expected for her will to be sealed for at least 90 years, Forbes reported. But King Charles has already inherited much of the late Queen’s private estates, including Balmoral Castle and Sandringham.
King Charles has inherited several private palaces and owns at least nine properties “in the right of the crown. ” These sovereign and personal properties are worth almost $10 billion, Forbes estimated, citing real estate experts. Keep reading for a look at each of these properties, arranged from lowest to highest estimated value.
All estimated values of these properties and their ownership is sourced from the Forbes report. Ownership: the Crown Estimated value: $70 million Kew Palace is the smallest royal palace in the UK, according to the palace’s microsite. The palace was built in 1631.
According to the website, the palace is best-known for housing Georgian kings and queens in the 18th century. The palace, which is located in the Royal Botanic Gardens, is open to visitors at certain times of the year. Ownership: the Crown Estimated value: $72 million Clarence House was the official residence of King Charles and Queen Consort Camilla prior to the former’s coronation, per the palace’s microsite.
The palace was also the home of the late Queen Elizabeth and her husband Prince Philip from 1953 until 2002. The palace’s construction was completed in 1825. According to a September report by the Guardian , up to 100 palace staff were given redundancy notices in the week following King Charles’ ascension to the throne, as he and Queen Consort Camilla plan to move into Buckingham Palace.
Ownership: King Charles Estimated value: $73 million According to the estate’s official website, the palace is the British royal family’s country retreat. The royal family has owned the estate since 1862. It’s open to visitors all year.
The palace has been the private home of five monarchs: King Charles III, Queen Elizabeth II, King George VI, King George V, and King Edward VII. The 8,000-hectare property is located in Norfolk. The palace has existed since 1086, per the history site Historic Houses .
Ownership: the Crown Estimated value: $83 million Holyroodhouse is King Charles’ official residence in Edinburgh, Scotland, per the Royal Collection Trust. The first palace in the estate was built in 1503 by King James IV. There are 14 apartments within the palace, per Scotland’s official tourism site.
According to the Trust, the palace has been opened to visitors for “hundreds of years. ” The palace is best known for being the home of Mary, Queen of Scots, per the tourism site. Ownership: King Charles Estimated value: $118 million Balmoral Castle has belonged to the Royal Family since 1852, per its official microsite.
The original structure of the castle was built in 1856, and then rebuilt at another site in the Scottish estate. The castle is only one of 150 houses in the estate, per a September article by Harper’s Bazaar. Queen Elizabeth died in the castle in September.
Ownership: the Crown Estimated value: $630 million Kensington Palace, which is located in London, is the official residence of Prince William and Kate Middleton, per the palace’s official microsite. It is also the birthplace and childhood home of Queen Victoria. Kensington Palace has been owned by the British royal family since 1698, per the monarchy’s official website.
The late Princess Diana also lived in the palace during her marriage to King Charles, per the palace’s website. Ownership: the Crown Estimated value: $700 million St. James’s Palace was built between 1531 and 1536 by King Henry VIII, per the British royal family’s official website.
King William IV was the last monarch to use the palace as a residence. A blurb from a 2023 book to be published by Yale University Press describes the palace as “the least known of royal residences. ” Currently, the palace is the official residence in London of Princess Anne, the sister of King Charles and the only daughter of the late Queen Elizabeth.
Ownership: the Crown Estimated value: $743 million Windsor Castle was originally built between 1070 and 1086 by William the Conqueror, per the Royal Collection Trust. It has since undergone several renovations, and it was King George IV who transformed the castle into its current appearance. The castle was badly damaged during a fire in 1992, but was redesigned and modernized five year later, per the Trust.
Dozens of royals, including Queen Elizabeth, have lived in Windsor Castle. The castle has around 1,000 rooms, according to a 2020 article by Vogue. Ownership: the Crown Estimated value: $1.
1 billion The Tower of London, which functions as a palace and fortress, was built in 1066 by William the Conqueror, per the UNESCO World Heritage Center. The fortress was built to protect London in the 11th century. Most notably, the fortress was where Anne Boleyn, Catherine Howard, and Jane Grey were executed in the 16th century, per UNESCO.
The Crown Jewels are held under armed guard in the Tower of the London, per the fortress’s official website. Ownership: the Crown Estimated value: $1. 2 billion The estate Hampton Court Palace sits on 60 acres of land, per the palace’s official microsite.
The palaces were built in the 1530s by Henry VIII and also functioned as a hotel, theater, and leisure complex. In 1838, Queen Victoria opened the palace for visitors for the first time, per the website. Only two palaces in the estate survive today — one was built by architect Christopher Wren, and the other was built during the Tudor era.
Ownership: the Crown Estimated value: $4. 9 billion Buckingham Palace is one of the most famous properties in the UK. The palace, which is located in London, functions as the administrative headquarters of the monarchy.
The estate where the palace is located has existed since the early 17th century, per the Royal Collection Trust. The palace was transformed into its current appearance in 1820. The palace has 775 rooms, including 19 state rooms, 52 royal and guest bedrooms, 188 staff bedrooms, 92 offices, and 78 bathrooms, according to the Trust.
The late Queen Elizabeth and her husband Prince Philip lived in the private apartments in the northern part of the palace, per the Trust. .
From: insider
URL: https://www.insider.com/king-charles-real-estate-portfolio-queen-elizabeth-cost-photos-2022-10