As Meghan Markle and Prince Harry have become the headliners of the debate and a kerfuffle ensues every day in the royal family, many have started wondering what is so great about becoming a royal. And King Charles, who after 70 years of waiting will be taking the Crown on the 6th of May, has the perfect answer for it. The new King will now have his name on more than $46 billion dollars. While the earth-shattering amount has left many mouths hanging, it is important to note that King Charles may actually never be able to use it.

Not only did King Charles have to spend many years in waiting, but he also worked a great deal as a Prince. Moreover, as the Sussexes make millions of dollars, belittling the royal family, it is only understandable that King Charles makes billions while trying to keep it intact.

How much has King Charles inherited?

The $46 Billion dollars that have blown minds do not actually belong to the King. They belonged to Queen Elizabeth and are to be used for the development of the United Kingdom. However, King Charles as her eldest son will enjoy her massive real estate possession, which, according to Forbes, is worth around $9.5 billion. However, almost a century after serving the country, Queen Elizabeth left her eldest son with many more financial perks. The 74-year-old king will be taking ownership of Balmoral Castle in Scotland, Sandringham in eastern England, and also the Royal Studs.

With just the blessings of his late mother, the head of the monarch can add around $500 million to his pockets, out of which every penny can be used as he wants. However, the almost half a billion dollars is not the end of it. Prince William’s father will also inherit the exuberant collection of jewelry possessed by the late Queen.

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Apart from castles, the Sovereign will also be enjoying horses, cars, and, most importantly, stamps. He will be inheriting priceless stamps dating back centuries with over $125 million.

How much inheritance tax does the King have to pay?

Looking at the massive inheritance of King Charles, the revamping of the ages-old saying ‘with great power comes greater responsibility’ to ‘with great power comes great responsibility and even greater inheritance’ seems necessary. An element that would make his otherwise gawk-worthy inheritance sorrowful is the high rate of the UK’s inheritance tax. However, the King does not have to pay any inheritance tax.

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Thanks to an act of friendship by the British government in 1993, an agreement nulls the sovereign from paying inheritance tax. Had he been subjected to the inheritance tax, King Charles would have had to give 40%  of his inheritance to the government.

Do you think King Charles will use his inheritance wisely? Let us know in the comments below.