King Charles Inherits Riches, and Passes Off His Own Empire

LONDON — King Charles III built his own empire long before he inherited his mother’s.

Charles, who formally acceded to the British throne on Saturday, spent half a century turning his royal estate into a billion-dollar portfolio 

And one of the most lucrative moneymakers in the royal family business.

While his mother, Queen Elizabeth II, largely delegated responsibility for her portfolio,

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Charles was far more deeply involved in developing the private estate known as the Duchy of Cornwall

Over the past decade, he has assembled a large team of professional managers 

who increased his portfolio’s value and profits by about 50 percent.

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