Why we put royal wealth under the microscope on eve of coronation
I nevitably, they are rich. Extremely rich. Very, very rich. There are the things you can see: the castles, the country estates and the top-of-the-range cars with which to drive between them. There are enough horses to stable an entire stud. There are the exquisite jewels and enormous gems glittering at state banquets.
There are the things you can’t see, too: the sprawling tax-free hereditary property firms and the share portfolio acquired with their annual dividends. There are the works of art in the family’s private collections, rarely, if ever, publicly exhibited. So if we already know all this, why, on the eve of the coronation of King Charles III, investigate the wealth of the British royal family?
The first and simplest answer is that we simply ought to know. From 10 Downing Street to your local district council, the private finances of public servants are fair game for scrutiny where they are derived from public funds. If anything, the need for clarity here is greater: Rishi Sunak and the mayor take money from the public purse only temporarily. The life of the king is funded at taxpayer expense from birth to death.
The second answer is that, to be blunt, the Windsors act as if they have something to hide. The finances are murky as hell, and structured according to a formula that means their annual handouts can only go up, never down. For several decades their shareholdings were owned through a secret shell company at the Bank of England that was immune from national transparency law. The judiciary has sealed their wills from public scrutiny in secret hearings for the past century. This is not the behaviour of a family relaxed about the prospect of an informed citizenry.
The question is not merely how wealthy he is,
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