Rishi Sunak, the new British prime minister, is likely the first person in that role to be richer than their monarch—but only if King Charles III’s personal wealth is defined in very specific ways.
Sunak and his wife, Akshata Murty, have been in the headlines for their fortune and their ultra-luxury lifestyle, even as the cost of living has been rising in the UK. The couple has a combined worth of £730 million ($800 million), according to the Sunday Times Rich List.
Their personal wealth is reportedly double that of King Charles and his queen consort, which is roughly estimated to be around £350 million, according to The Guardian.
But the reason Sunak and Murty appear richer than the royal couple is that the larger crown estate, worth billions of pounds, does not belong personally to the King.
The crown estate, which includes a diverse portfolio of buildings, art works, stretches of shoreline and seabed, forests, fields, and common land, belongs to the monarch only for the time they serve on the throne. It is not their private property, and they enjoy no revenues from it.
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