August 7, 2008
Prince Charles, property tycoon!
It is sometimes hard to realise that the likes of Prince Charles are actually multi millionaires who are heading up huge corporations with a turnover of millions of pounds.
However, it is true, the Princes main business goes under the banner of “The Duchy of Cornwall” this is where the bulk of his income comes from. All heirs to the English thrown have since the year 1337; this was when the Duchy of Cornwall was originally set up.
The business is mainly property and makes him over £16 million per year. However, it is how the business has been developed over the past seven years that is very interesting.
Over £270 million worth of property deals that are made up of fifty five thousand hectares of property all over the world, these include commercial and residential property, which has a value of £647 million up six per cent on last year.
Source [Daily Mail]
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