
LONDON. The opacity of her finances and personal property british royal family the organizations are complaining, following The Guardian’s revelations of a well-organized network of hiding royal property from the prying eyes of the public, as well as the tax authorities. Buckingham Palace they argue that the financial affairs and transactions of members of the royal family “should remain confidential, as they are for all citizens.” However, this argument falls apart, according to the British newspaper, in view of today’s coronation of Charlesso the public needs to be informed. Important questions remain to be answered about the royal family’s income and the extent to which it depends on its public role. Palace riches need to be explored, partly because of their controversial origins, but also because of the confusion that has arisen in society regarding the province and ownership of this wealth.
Journalistic studies have estimated the personal fortune of King Charles at £1.8 billion. Much of that fortune, however, comes from his role – and that of his family – as a member of the royal family. The palace rejected an assessment of the king’s fortune, calling it “a bizarre mixture of conjecture, inaccuracies and speculation”.
However, research has shown that Charles inherited more than 90 pieces of jewelry from her personal collection from his mother, Elizabeth. These include diamonds, sapphires, emeralds, rubies, amethysts, aquamarines and pearl necklaces. Their cost is 533 million pounds.
Real estate operation
The Queen’s country estate, Balmoral Castle in Scotland, as well as the royal family’s country home at Sandringham, Norfolk, England, have been used in various ways for tourism in recent decades to defray their exorbitant living costs. As such, the palaces are renting out more than 300 houses on the royal estates of Sandringham to cut costs.
The royal family owns a fleet of luxury cars. Dozens of Rolls Royces, Bentleys and Aston Martins are owned by family members, though many are gifts from foreign leaders and thus should be government property.
OUR Queen Elizabeth throughout her reign, she invested endless amounts of time and vast sums of money to practice what she called her “simple philosophy”: making a horse faster than others. After the death of his mother, Charles sold several horses from the royal stable. The horses in Elizabeth’s stables are valued at £27 million.
Charles received a £1.2 billion tax-free income from two ancestral estates in Lancaster and Cornwall, despite the millions he receives in government grants for his office duties. The monarch, who collects £86m a year from the public treasury, is expected to receive an additional £250m a year as part of a palace funding deal signed by then Prime Minister Cameron in 2011.
Charles, however, supports an initiative to promote historical research into the commercial activities of his ancestors and their connection to the slave trade. Historical documents indicate that his ancestors were owners of tobacco plantations in Virginia. A legal document from these records shows that one of King’s ancestors arranged for the purchase and transportation of 200 slaves from Africa to Virginia. This ancestor was a member of the Bowes-Lyon family, the surname of the later Queen Mother Elizabeth, known as the Queen Mother.
About 400 works of art belong to the private collection of the Windsors, including paintings by Monet, Dali, Freud, Chagall and Laurie. Hundreds of works by Titian, Rembrandt, Rubens and Van Dyck are hidden from prying eyes in a collection run by the Royal Art Institute. Many of them were given to the royal family as official gifts. However, Buckingham refuses to comment on the collection, and since 1953, the date of Elizabeth’s coronation, governments have avoided legislating on the issue. Also in question is the ownership of the £100+ million stamp collection donated to King George in the 1930s, but the palaces sidestepped the issue by claiming the collection was private. Charles’ brother, Prince Andrew, used a shell company to hide his involvement in the companies while working as a UK trade representative overseas, raising conflicts of interest.
Coronation souvenirs flood Britain
The old habit of creating souvenirs on the occasion of some important moment for the royal family could not, of course, be ignored in the case of the coronation of King Charles. Dr. Imran Haq, a UK surgeon, created Coronation Cereal a few weeks ago, a series of cereal packs he designed, and they have a cartoon version of the king on the cover and they have a puzzle on the back. and Charles’s face on a large scale so kids can cut it out and make a mask. Huck designed the boxes, filled them with corn flakes from a well-known chain and sells them for 25 euros each.
Janet Krnion from Northern Ireland has a family history of creating royal-themed memorabilia. In 1977, she knitted a stuffed teapot with the face of Elizabeth with her mother. They later mailed it to her and received a thank you note. Since then, he has knitted many souvenirs, and those he made on the occasion of Charles’s coronation are “very popular.”
Emma Bridgewater, owner of a pottery of the same name in Stoke-on-Trent, England, often creates collections with royal themes. Based on past demand for these products, he predicts there will be a lot of interest in the Cheers for King Charles collection of mugs, tea towels and saucers, released in time for Charles’s coronation. Bridgwater said excitement over royal mementos in Britain had been building “in the days leading up to the event”. That’s when, in her words, “the whole country goes crazy.”
Source: Kathimerini

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