King Charles III became the new sovereign of the United Kingdom when the country was in the middle of an economic crisis. Almost three months later, the situation has not improved and the general public have grown discontent with him because he has several properties and he is profiting from them while the rest of the country suffers.
After Brexit in 2020, the British people have been deeply affected due to several factors affecting the economy such as the increase in rents across the country. On the other hand, the Royal Family continues to be extremely wealthy.
Earlier this week, it was revealed that King Charles III’s private estate, also known as theDuchy of Lancaster has almost 18.000 hectares and has produced a profit of $34,3 million dollars. The estate was passed to the King after Queen Elizabeth II died in 2022.
On top of that, King Charles III is exempt from paying taxes for the property, unlike many small companies who have to pay taxes for every property they currently occupy. Despite this, It is well known that he pays a small amount voluntarily but that was not enough and the British people are still against the Royal Family being so rich.
