King Charles profiting from deceased

https://www.theguardian.com/uk-news/2023/nov/23/revealed-king-charles-secretly-profiting-from-the-assets-of-dead-citizens

Revealed: King Charles secretly profiting from the assets of dead citizens

The king is profiting from the deaths of thousands of people in the north-west of England whose assets are secretly being used to upgrade a commercial property empire managed by his hereditary estate, the Guardian can reveal.

The Duchy of Lancaster, a controversial land and property estate that generates huge profits for King Charles III, has collected tens of millions of pounds in recent years under an antiquated system that dates back to feudal times.

Financial assets known as bona vacantia, owned by people who died without a will or known next of kin, are collected by the duchy. Over the last 10 years, it has collected more than £60m in the funds. It has long claimed that, after deducting costs, bona vacantia revenues are donated to charities.

However, only a small percentage of these revenues is being given to charity. Internal duchy documents seen by the Guardian reveal how funds are secretly being used to finance the renovation of properties that are owned by the king and rented out for profit.

Charles is profiting from money taken from those who died with no will that were supposed to go to charity.

He already received an enormous raise shortly after becoming king even though the Royal Family is worth at least 28 billion.

@vivify

Evidently the law is from a time, when the Royal House and the State were indistinguishible. Yes the law should change.
I doubt that Charles know where all his money is or were the income is coming from.

@ponderable said
@vivify

Evidently the law is from a time, when the Royal House and the State were indistinguishible. Yes the law should change.
I doubt that Charles know where all his money is or were the income is coming from.