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King Charles Earned $34 Million From U.K. Rent Increases, a New Report Says
Rents in the U.K. are increasing at a record pace, and it’s reportedly helped King Charles III bring in some major dough. The monarch received 26.2 million pounds ($34.3 million) from his vast property empire this year, according to The New York Times. He inherited the massive 45,000-acre spread—known as the Duchy of Lancaster—from Queen Elizabeth II when she passed away last fall. The land, which is about the size of Washington, D.C., has amasses millions annually in rental income. Not only that, but Charles isn’t obligated to pay corporation taxes unlike most businesses in the country (though he does ... (full story)