5 things to know about Queen Elizabeth's wealth and King Charles III's inheritance

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5 things to know about Queen Elizabeth's wealth and King Charles III's inheritance
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Queen Elizabeth's historic reign helped cement the British monarchy's brand, which in 2017 was valued at about $78 billion.

The Crown Estate: $34.3 billion in assets

The Crown Estate will now belong to King Charles III as the country's reigning monarch, but there's a catch: It's not considered his private property because it is held in trust. That means he can't sell the assets. The Crown Estate owns assets and real estate valued at $34.3 billion, according to its latest financial report. Its holdings include Buckingham Palace, Kensington Palace and land and properties across London and the U.K. The massive management company is overseen by an independent organization, rather than members of the royal family, with surplus revenue paid to the U.K.'s Treasury each year.

Although King Charles can't dispose of the Crown Estate assets for personal profit, the royal family enjoys a financial windfall stemming from its holdings. At least 15% of the profits from the Crown Estate goes to the royal family via the"Sovereign Grant,"The Crown Estate earned a profit of $311 million in its most recent fiscal year, which means about $47 million was provided to the royal family.

In 1990. King Charles started a food business called Duchy Organics, with the goal of selling organic food products, an unusual idea at the time. It partnered with the grocery chain Waitrose in 2010, and has since contributed more than $35 million to the The Prince of Wales's Charitable Fund,

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