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How much wealth will King Charles inherit from The Queen?

07:09 PM | 10 Sep, 2022
How much wealth will King Charles inherit from The Queen?
Source: Getty Images

Britain´s Charles III was formally declared King at an Accession Council ceremony on Saturday.

The former Prince of Wales became a lawful and rightful Lord of Britain and Commonwealth on September 10.

After the demise of the Great Mama, Queen Elizabeth II, on September 8, Charles now has a net worth of $600 million, which prior to her demise was $100 million.

Charles is exempt from inheritance tax and receives both the throne and his mother, Queen Elizabeth II’s personal wealth.

Before ascending to the throne, King Charles had a net worth of $100 million. The new King now has a net worth of $600 million. Additionally, he will get back the annual Sovereign Grant, which in 2021 was $116.7 million.

Charles is the oldest of the late queen’s four children with her late husband, Prince Philip. At age 3, when his mother succeeded to the throne at age 25, he became the heir apparent to Britain. 

After Charles married Diana Spencer in 1981, they were awarded the title of Prince and Princess of Wales. They had two kids: Harry, who is currently fifth in line to the throne, and William, who is currently the presumed heir.

Diana and Charles divorced in 1992. Later, the Duchess of Cornwall, Camilla Parker Bowles, was married to Charles in 2005.

Moreover, the new king also named his elder son and next heir Prince William, 40, as the new Prince of Wales, while expressing love for his younger son Harry and daughter-in-law Meghan. 

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.57 7.72

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