King Charles’ net worth soars past Queen Elizabeth’s, by £270million

King Charles has officially become wealthier than his late mother, Queen Elizabeth II, after a staggering rise in his personal fortune this year.

According to The Sunday Times Rich List, the monarch’s estimated net worth has soared from £30 million to £640 million, marking a jaw-dropping increase of over £600 million in just 12 months.

Much of the King’s newfound wealth reportedly comes from the investment portfolio he inherited from Queen Elizabeth II.

The late monarch’s personal fortune was valued at £370 million before her passing in 2022, making Charles now roughly £270 million richer than his mother.

Part of his wealth also stems from the Duchy of Lancaster, a vast 18,000-hectare private estate that spans parts of Lancashire, Yorkshire, and central London.

The estate, worth an estimated £654 million, generates around £20 million in annual profits for the sovereign.

Notably, King Charles did not pay inheritance tax on his mother’s estate, a privilege granted to monarchs to preserve royal wealth across generations.

RELATED: King Charles makes major announcement about next state visit