Traditional Culture Encyclopedia - Traditional festivals - As the Crown Prince of England, what exactly is Charles' financial situation?
As the Crown Prince of England, what exactly is Charles' financial situation?
As the Crown Prince of the United Kingdom, Charles's financial situation in the end how? June 30 this year, the British royal family announced Charles 2003 financial status report, his pre-tax income up to 11.9 million pounds, an increase of 2 million pounds over the previous year.
A large portion of this 11.9 million pounds of earnings came from the income from Charles's namesake fiefdom. In the 14th century, King Edward III gave 1.44 million acres of farmland in Cornwall to his eldest son, and the fields have been a royal possession ever since. Today the owner of the fields is none other than Charles, who leases out his domain in exchange for a large amount of rent, and as royal custom dictates, Charles doesn't have to pay inheritance tax on the land, so it's pretty easy money.
The second part of his income comes from his organic food company, which he founded in 2003 and which has brought in at least a million pounds since it finally turned a profit. Founded in 1990, the company specializes in growing and cultivating food using organic methods, but for many years it was always in the red and once became a "British joke". However, as Britons increasingly prefer organic food, the crown prince's company also recovered from serious losses, in addition to sausages, cookies and other food, but also launched a diversified range of products such as garden furniture.
The third part of the gain has been thanks to the real estate business. In recent years, Charles has used the money in his account to buy some low-priced commercial properties and then sell them off at the right time, which has also brought him a lot of profit. Charles is known to have dealt in real estate in the Denver, Leeds and Warrington areas.
In addition, gifts also accounted for a small part of Charles' income. As the Crown Prince of the United Kingdom and a well-known figure in the international community, Charles naturally continues to receive gifts from all over the world during the year, and according to inside information from the royal family, Charles sells some of his gifts every year and puts the money from selling them into his own wallet.
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