Charles gets the crown and $32b royal empire

After the coronation, King Charles is officially entitled to a chunk of the massive Crown Estate and Duchy of Lancaster that fund the British monarch.

Benjamin Stupples and Ellie Harmsworth

May 5, 2023 – 9.23am

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On Saturday, King Charles will leave Buckingham Palace in a six-horse-drawn carriage en route to Westminster Abbey. The 2.1-kilometre route doesn’t just convey him to his coronation – it also provides a snapshot of the various strands of the unique fortune he now sits atop.

If he turns to his left as the Diamond Jubilee State Coach passes down the Mall, he’ll see the mansions of Carlton House Terrace. Their marble staircases, ballrooms and sweeping views of St James’ Park make them among the world’s most desirable properties – and many of them belong to the UK sovereign through the Crown Estate.

Bloomberg Wealth