King Charles III’s wealth has increased by £30 million in just one year.
King Charles III has seen a major boost in his personal fortune, growing by £30 million over the past year, as reported in the 2024 Sunday Times Rich List. This rise brings his estimated wealth to £640 million, making him one of the wealthiest individuals in the UK.
The 76-year-old monarch’s new position in the list has pushed him up 20 spots, landing him at joint 238th place among the country’s 350 richest people and families.
Charles Matches Sunak, Beats the Beckhams
Interestingly, King Charles’s wealth now matches that of Rishi Sunak and his wife Akshata Murty, even though their wealth has dropped by £11 million in the past year. In comparison, David and Victoria Beckham, often seen as a wealthy power couple, are now behind the King with an estimated £500 million.
Inherited Estates and Investments at the Core
A large portion of King Charles’s fortune comes from assets he inherited from Queen Elizabeth II, who was worth £370 million in 2022. His private property portfolio includes valuable estates like Sandringham in Norfolk and Balmoral in Aberdeenshire.
These privately owned estates, passed down through generations, have played a big role in building the King’s investment strength and private income.
What’s Not Counted in the Rich List
The Rich List focuses only on private wealth, leaving out major assets tied to the monarchy. This means properties like the Crown Estate, the Duchy of Lancaster, and the Crown Jewels—which are held in trust for the nation—are not part of the calculation.
Also excluded is the Duchy of Cornwall, which previously gave Charles up to £23 million annually before it was passed on to Prince William after Charles became King.
Billionaire Numbers Decline in the UK
While King Charles climbs higher, the overall Rich List reveals a shift. The UK has seen a decline in the number of billionaires, falling from 165 to 156—the sharpest drop ever recorded. This change is being linked to Chancellor Rachel Reeves’ new tax measures, especially her tightening of rules on non-domiciled tax status, which has affected several high-net-worth individuals.
