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.
“Queen Elizabeth was a life well lived; a promise with destiny kept and she is mourned most deeply in her passing. That promise of lifelong service I renew to you all today.”
His Majesty The King addresses the Nation and the Commonwealth. pic.twitter.com/xQXVW5PPQ2
— The Royal Family (@RoyalFamily) September 9, 2022
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.
