King Charles and Prince William’s respective private estates have been cashing in on eye-popping sums of money each year, rinsing charities and public services in the UK of millions, an investigation has found.
An investigation led by the Sunday Times and broadcaster Channel 4 looked into the Duchy of Lancaster and the Duchy of Cornwall — the estates owned by the monarch, 75, and his eldest son, 42.
On Saturday, Channel 4 aired the documentary, titled “The King, the Prince & Their Secret Millions,” in which they revealed a series of shocking findings about the two tax-exempt estates.
The following day, the Sunday Times published documentation supporting the findings.
Among the myriad of allegations, it was found that Charles and William’s private estates have been taking millions from public bodies, including the National Health Service, state-funded schools and the British Armed Forces.
The Duchy of Lancaster is an estate owned by the cancer-stricken sovereign. It includes vast acres of land, properties and assets across the UK and dates back to the 14th century.
Similarly, the Duchy of Cornwall is an estate that provides an income for the heir to the throne.
The Prince of Wales inherited the estate — which is worth over $1 billion — when his father assumed the throne in September 2022.
Both estates are exempt from paying corporation tax or capital gains tax.
The program alleged that William’s estate has claimed over $28.5 million since 2005 from a share of rent payments on Camelford House, as well as a $78,000 payment from St John’s Ambulance — a charity of which Charles is a patron.
Back in June, William was seen paying a visit to the MI6 headquarters — located in central London next to Camelford House. At the time, no one knew the nature of his visit.
What’s more, the report claimed that the king’s estate last year signed on a dotted line to store a new fleet of electric ambulances in its warehouses in exchange for $14.7 million over 15 years.
In addition, William’s estate had charged the British Navy $1.3 million since 2004 to build jetties and moor warships in Cornwall.
