King Charles III has seen a remarkable surge in his personal wealth this year, according to the latest Sunday Times Rich List. In just one year, His Majesty's net worth reportedly rocketed from £30m to an astonishing £640m.

This significant increase in wealth has made King Charles III wealthier than his late mother, Queen Elizabeth II. The new figures estimate that Charles is worth a staggering £270m more than his mother, with the majority of his fortune coming from the investment portfolio he inherited from her.

Queen Elizabeth II was reported to have a net worth of £370m in 2022, compared to Charles' current fortune of £640m. He did not pay inheritance tax on the fortune she left, due to an exemption.

This would have charged a standard rate of 40% on assets above a certain threshold.

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