The British Crown is ceremonial; King Charles will take part in rituals but not rule – that is in the hands of the British prime minister and the Parliament. Yet, beneath the vast spectacle of the Crown is another reality: the Crown is not only fabulously rich; it owns much of the land in the world.
The death of Queen Elizabeth II sparked many investigations into the wealth of the royal family.
Forbes put the royal family’s wealth at $28 billion, including fabulous castles, jewels, invaluable art, and extensive land ownings across Wales and England. The royal family also enjoys exemption not just from inheritance tax--but from taxes in general.
But the actual holdings of the Crown are far greater than that. Kevin Cahill was a researcher on the London Sunday Times' “Rich List.” He has written a stunning book – Who Owns the World – that details who owns land across the world.
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