British King ‘making millions’ from secret property empire – The Times
The royal family earned nearly $65 million last year alone, including rent received from the army, NHS and schools, a media investigation has found
In 2023 alone, Charles and William’s “private fiefdoms,” the Duchy of Lancaster and the Duchy of Cornwall - raised £27.4 million (over $35 million) and £23.6 million ($30 million) respectively for the British royal family, the newspaper found as part of a joint investigation with Channel 4’s Dispatches program.
The paper said Saturday that they used the royal addresses to uncover their business contracts and discovered how the duchies are making money “via a series of commercial rents and feudal levies on land largely seized by medieval monarchs.”
Dubbed “Duchy Files,” the investigation claims to have found that King Charles and Prince William “charge for the right to cross rivers, offload cargo onto the shore, run cables under their beaches, operate schools and charities, and even dig graves.”
“They earn revenue from toll bridges, ferries, sewage pipes, churches, village halls, pubs, distilleries, gas pipelines, boat moorings, opencast and underground mines, car parks, rental homes and wind turbines,” The Times claims.
Some 5,410 landholdings and properties are held by the royal duchies, the investigation claims.
For instance, a deal with an NHS foundation trust will reportedly pay the King’s Duchy of Lancaster £11 million ($14 million) over 15 years to rent a warehouse for ambulances.
Prince William’s Duchy of Cornwall receives £1.5 million ($1.9 million) a year from the Ministry of Justice for using Dartmoor Prison, The Times claims. The duchy of the King’s eldest son, the Colonel-in-Chief of the Army Air Corps, also charges the military “for the right to train” on its 67,500 acres of land in Dartmoor. The sum it gets has not been revealed.
The estates also rent out over 900 residential homes and farms to tenants, according to the report.
https://www.rt.com/news/606954-king-charles-millions-property/