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Prince Charles net worth: How much does he make from the Duchy of Cornwall?

by ace

Prince charles is the eldest son of Queen and is a full-time royal family member. In addition to representing the queen in various royal appointments, he is the owner of the Duchy of Cornwall and president of various charities. He is one of the richest members of the Royal Family, so what did he do to earn his millions?

With this title, he receives revenue from private property and is estimated to receive an annual income of about £ 21 million.

Its extensive property is said to be spent in 23 counties in England and Wales and it has 52,760 hectares of land and 2,360 hectares of forest.

In addition to this impressive annual rate, the total value of assets, including land, property and investments, was estimated at £ 1.1 billion in 2018-2019.

Although the duchy is considered a crown organ and therefore exempt from corporation tax, Prince Charles offered to pay income tax on the duchy's income.

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Military career

Like many royals, Charles also spent time working with the military and served in the Royal Air Force and Royal Navy.

It is likely that he increased his wealth when he served in the Royal Navy working on different ships from 1970 to 1974.

Charles later qualified as a helicopter pilot at RNAS Yeovilton and continued to do various work for the forces until his retirement in 1976.

Prince Andrew worked for the royal forces for many years and was able to build an eye-watering fortune.

He is supposed to have an impressive £ 57 million in the bank, which means that only the queen and Prince Charles are richer than he is in the family.

Andrew worked in the Royal Navy for over 20 years, assuming the roles of sailor, flight commander and pilot.

After retiring, his bank account was supplemented by an annual naval pension salary of £ 20,000.

In addition, the queen's son receives a tax-free annual payment of £ 249,000 to fund his private office.

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