There have been recent reports of Bank of Pars shutting down Megan and Harry's request for a third of King Charles's $770 million assets. It appears that the assets are solely intended for Prince William. The news comes after the total assets of King Charles were revealed, showing a significant increase in his personal wealth. Over the past year, his wealth has grown by £1 million, reaching £610 million. This places him in a much wealthier position than his mother, Queen Elizabeth II, whose worth is estimated at £370 million. King Charles, who ascended the throne less than two years ago, now ranks 258th in the list of the UK's 350 wealthiest individuals and families, moving up from 263rd place in 2023.
According to calculations by the Sunday Times Rich List, the monarch's increased wealth can be attributed to the rise in the net worth of his properties. His inherited private estates, namely Sandringham in Norfolk and Balmoral and Aberdeenshire, which belonged to his late mother, the Queen, are said to contribute significantly to his financial fortune. It's worth noting that the calculations include only personal assets and not the Crown Estate, the Duchy of Lancaster, or the Crown Jewels, which are held in trust by the king for the nation.
In 2022, the late Queen's wealth was estimated at £370 million. Charles, on the other hand, is now believed to be worth £240 million more than his mother, with his estimated worth rising from £600 million to £610 million in 2024. As the Prince of Wales, Charles receives a private income of around £23 million per year from the Duchy of Cornwall. This income is utilized for non-official expenditures for himself, his family, personal staff, his office, and official residences.
Insiders reveal that Prince Harry and Meghan Markle had hoped to mend their relationship with King Charles and win back his favor. However, it seems that the Bank of Papa is now closed to them. The Sussexes have been estranged from the royal family since their decision to step back and relocate to California in 2020. Harry recently missed an opportunity to see his father during his visit to the UK last week. Sources claim that while the king still loves his son, the entire situation causes too much distress for him.
According to a source quoted by The Mirror, Harry's actions have consequences, and King Charles wants peace above all else. The insider stated that his majesty declined to meet with Harry in London last week due to the intemperate demands made by Harry. It seems that Harry has a tendency to prioritize his own interests, which has caused a strain in his relationship with his father. Now, Harry and Meghan have set their sights on acquiring a portion of King Charles's £610 million wealth, but they are seeking cash rather than estates. Megan's desire for a personal meeting with King Charles becomes clearer in light of these reports. It's also understandable why Queen Camilla keeps her distance from the couple. Having such vast wealth can be precarious when dealing with family members who are willing to do or say anything for money.
Furthermore, it is worth noting that the Duchy is now under the care of William. It is highly unlikely that the Sussexes will receive any substantial amount from it. Usually, the heir receives the majority, if not all, of the inheritance. This is a customary practice among aristocratic families to preserve their fortunes and avoid excessive taxation. Megan will undoubtedly cling to Harry, hoping to secure the lion's share for herself. She has likely already calculated how much she believes she deserves.
