British King Accrued 'making millions' Through Concealed Property Holdings, Reports The Times
The UK’s Royal family generated nearly $65 million in revenue from properties last year, which includes rental income from the army, NHS, and schools, according to the Sunday Times. Read the full article at RT.com.
TroibNews 
According to a media investigation, the royal family generated nearly $65 million last year, with earnings coming from various entities, including rent from the army, NHS, and schools.
King Charles III and his son Prince William have contracts with publicly funded services, charities, government departments, and even a prison, contributing to their millions in annual income, as reported by the Sunday Times. This income is in addition to the sovereign grant provided by the government to the royals.
In 2023, the Duchy of Lancaster and the Duchy of Cornwall, known as their “private fiefdoms,” generated £27.4 million and £23.6 million, respectively, for the British royal family, according to findings from a joint investigation by the newspaper and Channel 4’s Dispatches program.
The investigation revealed that the royal addresses were leveraged to uncover business contracts, illustrating how the duchies profit “via a series of commercial rents and feudal levies on land largely seized by medieval monarchs.”
Dubbed the “Duchy Files,” the investigation claims 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.”
The Times outlined that they accrue revenue from various sources, including 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 royal duchies supposedly oversee around 5,410 landholdings and properties. For example, a deal with an NHS foundation trust is reportedly expected to pay the King’s Duchy of Lancaster £11 million over 15 years for renting a warehouse designated for ambulances.
Additionally, the Duchy of Cornwall, associated with Prince William, allegedly receives £1.5 million annually from the Ministry of Justice for the use of Dartmoor Prison. The King’s eldest son’s duchy, which encompasses 67,500 acres of land in Dartmoor, also charges the military for “the right to train” on this property, though the exact amount remains undisclosed.
The estates are said to rent out over 900 residential homes and farms to tenants as well.
The duchies, established in the 14th century, operate as commercial landlords but do not pay taxes on their corporate profits, as the paper notes. King Charles and Prince William voluntarily pay income tax at the highest rate of 45%. When King Charles last published his tax filings in 2022, he paid 25% of the £23 million in duchy profits “because he deducted expenses he considered related to his official duties,” the Times highlighted.
The “Duchy Files” investigation represents the first time a complete list of the property holdings associated with the two royal estates has been made public, with the report indicating that even the British parliament had been denied access to this information.
It stated, “The ancient property empires that fund the King and the Prince of Wales have remained a closely guarded secret within the royal family and its small circle of advisers for centuries.”
The two duchies operate independently from the Crown Estate, a significant property business owned by the British monarch. Due to the increasing profits from the Crown Estate, the taxpayer-funded sovereign grant for official royal duties is set to rise from £86.3 million for 2024-25 to £132 million for 2025-26.
James del Carmen contributed to this report for TROIB News
King Charles III and his son Prince William have contracts with publicly funded services, charities, government departments, and even a prison, contributing to their millions in annual income, as reported by the Sunday Times. This income is in addition to the sovereign grant provided by the government to the royals.
In 2023, the Duchy of Lancaster and the Duchy of Cornwall, known as their “private fiefdoms,” generated £27.4 million and £23.6 million, respectively, for the British royal family, according to findings from a joint investigation by the newspaper and Channel 4’s Dispatches program.
The investigation revealed that the royal addresses were leveraged to uncover business contracts, illustrating how the duchies profit “via a series of commercial rents and feudal levies on land largely seized by medieval monarchs.”
Dubbed the “Duchy Files,” the investigation claims 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.”
The Times outlined that they accrue revenue from various sources, including 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 royal duchies supposedly oversee around 5,410 landholdings and properties. For example, a deal with an NHS foundation trust is reportedly expected to pay the King’s Duchy of Lancaster £11 million over 15 years for renting a warehouse designated for ambulances.
Additionally, the Duchy of Cornwall, associated with Prince William, allegedly receives £1.5 million annually from the Ministry of Justice for the use of Dartmoor Prison. The King’s eldest son’s duchy, which encompasses 67,500 acres of land in Dartmoor, also charges the military for “the right to train” on this property, though the exact amount remains undisclosed.
The estates are said to rent out over 900 residential homes and farms to tenants as well.
The duchies, established in the 14th century, operate as commercial landlords but do not pay taxes on their corporate profits, as the paper notes. King Charles and Prince William voluntarily pay income tax at the highest rate of 45%. When King Charles last published his tax filings in 2022, he paid 25% of the £23 million in duchy profits “because he deducted expenses he considered related to his official duties,” the Times highlighted.
The “Duchy Files” investigation represents the first time a complete list of the property holdings associated with the two royal estates has been made public, with the report indicating that even the British parliament had been denied access to this information.
It stated, “The ancient property empires that fund the King and the Prince of Wales have remained a closely guarded secret within the royal family and its small circle of advisers for centuries.”
The two duchies operate independently from the Crown Estate, a significant property business owned by the British monarch. Due to the increasing profits from the Crown Estate, the taxpayer-funded sovereign grant for official royal duties is set to rise from £86.3 million for 2024-25 to £132 million for 2025-26.
James del Carmen contributed to this report for TROIB News
