The File on Charlie

A Prince But Not a Star
Educating Charlie
Pocketing It Like an Oligarch
A Highness in Low Places
In the Post
Knows What He Dislikes
Doctor Windsor
A Man of Religions
Windsor at Work

 

Charlie Is No Darling

Pocketing It Like a Oligarch

Charlie's main source of income is the Duchy of Cornwall. Simply because he is the son of the hereditary head of state he is allowed to skim the profits from this public property holding, which consists of 53,628 hectares of land mostly in south west England.

In 2013 that gave him £19m. When you multiply that by the many years that he has lived off the people's wealth in this way, you see that this is looting on a scale that would shame a Russian oligarch. By contrast, the President of the United States is paid £179,000 a year for doing a real job. The Irish president is paid an annual salary of £270,000. Even Charlie's fellow monarch, the Spanish king, is paid only £343,000.

#494015463 / gettyimages.com

Charlie tells how to maximise income with minimum effort or ability

When he becomes monarch Charlie will lose this income but receive the profits from another Duchy instead. He will be down about £5m a year. But there is no need for too much concern. It will still all be in the family and his elder son will get what he loses.

The ways in which the Duchy maximises its profits has been criticised, particularly by people in Cornwall. It has been accused of putting profit before environmental and community interests, despite Windsor's claims to care about such matters.

The tax-exempt status of the Duchy has also been criticised. Charlie's answer to this criticism is that he pays income tax on the profits he takes from the Duchy. He pays this income tax voluntarily as his superior genes exempt him from the laws that apply to other citizens.

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