King Charles III's net worth — and where his wealth comes from
CBSN
When King Charles III and his wife, the Queen Consort Camilla, are crowned on May 6, the coronation ceremony will glitter with the Crown Jewels and other historic symbols of the monarchy's vast wealth.
King Charles' net worth has soared to about $2.3 billion, according to The Guardian, which said it worked with 12 experts to undertake the first "comprehensive audit" of the king's assets, which range from country estates to race cars and jewels.
Yet among his most valuable assets is something intangible: an exemption for Charles from the U.K.'s inheritance tax, which otherwise would have taken a 40% bite out of his inherited assets. Queen Elizabeth II was worth $500 million when she passed away last year, largely from her ownership of Balmoral Castle in Scotland and Sandringham House in England, as well as art, jewels, investments and real estate, Forbes estimated last year.
President Joe Biden said France was America's "first friend" at its founding and is one of its closest allies more than two centuries later as he was honored with a state visit Saturday by French President Emmanuel Macron aimed at showing off their partnership on global security issues and easing past trade tensions.
The Consumer Federal Protection Bureau last week launched an inquiry into what the agency is calling "junk fees in mortgage closing costs." These additional fees, involving home appraisal, title insurance and other services, have spiked in recent years and can add thousands of dollars to the final cost of buying a home.
Retired Maj. Gen. William Anders, the former Apollo 8 astronaut who took the iconic "Earthrise" photo showing the planet as a shadowed blue marble from space in 1968, was killed Friday when the plane he was piloting alone plummeted into the waters off the San Juan Islands in Washington state. He was 90.