Queen Elizabeth II died yesterday at age 96, after reigning for seven decades. Charles, her oldest son, became the new King of the United Kingdom immediately upon her death. Interestingly, Charles’s succession to the crown has also led some leaders of Commonwealth countries , particularly in the Caribbean, to call for the removal of the British monarch as their head of state. After 70 years, the Queen’s death is causing quite a shakeup—and it could have implications for the royal family’s “brand,” too. To what extent? It’s far too early to say, but we do have a general idea of what’s at stake—at least monetarily speaking. advertisement The royal family’s business interests—sometimes called “The Firm”—are sprawling. Forbes estimates that “The Firm” amounts to a multibillion-dollar money-making enterprise, which also brings in a significant amount of money into the U.K. economy each year. Though the royals serve in largely symbolic roles, they do carry … [Read more...] about British royals by the numbers: Queen Elizabeth leaves behind a fortune with a murky future
As the new head of The Firm, Charles now oversees some $42 billion in assets and inherited $500 million from Queen Elizabeth, including her castles, jewels, art collection and a horse farm—all of it tax-free. By Giacomo Tognini & Carlie Porterfield W hen you’re a member of the House of Windsor, going into the family business may come with a lifetime of prestige and privilege, but it doesn’t always bring great wealth. Even members of The Firm —as high-ranking royals have been known since the days of King George VI—are often dependent on their elders for allowances, gifts and other blue-blooded handouts. But it’s still good to be the king. After training for the position for more than 70 years, King Charles III inherited large swaths of land, regal estates, rare jewels, paintings and other personal property—some going back centuries—from his mother, Queen Elizabeth II. He also now oversees the late monarch’s $42 billion portfolio of assets held in … [Read more...] about How Rich Is King Charles III? Inside The New Monarch’s Outrageous Fortune
As the new Princess of Wales, Prince William's wife Catherine is inevitably drawing comparisons with her superstar predecessor, William's late mother Diana, whose legacy still frames Britain's view of its royal family. Outside Kensington Palace in London, where Diana continued to live after separating from the new King Charles III in 1992, members of the public voiced their views on the task facing Kate. "Diana will never be forgotten. But I'm sure that she'll continue the legacy. And she'll be a wonderful tribute to Diana," said Keith Lowing, 73. The retiree and his wife Kathleen were sat on a bench in the palace gardens, where Diana and King Charles's sons William and Harry unveiled a statue of the late princess only last year. The death of Queen Elizabeth II on Thursday saw Britain enter a new era, after her 70 years on the throne. Close But the accession of King Charles also heralded another symbolic change: the first Princess of Wales since Diana's death … [Read more...] about Kate Middleton faces daunting task of following Diana as Princess of Wales
Fantasy, romance, and period adventures seem to be the main picks on BookTok. (Photo by Shayna Douglas via Unsplash) The last wholesome place on the Internet: that’s how BookTok, the corner of TikTok devoted to books, has been described. Highly recommended titles include Colleen Hoover’s It Ends with Us , Taylor Jenkins Reid’s The Seven Husbands of Evelyn Hugo and Sarah J. Maas’s A Court of Thorns and Roses . Fantasy, romance, and period adventures seem to be the main picks. Among the recent videos that have racked up millions of views are those in praise of R.F. Kuang’s Babel . A novel about a group of young scholars in 19th century Oxford, involving critiques of colonialism and translation? Sounds irresistible. Kuang’s earlier The Poppy War , the first of a trilogy and a finalist for the Nebula, Locus, and World Fantasy Awards, was inspired by the Opium Wars. Babel , another fantasy epic with the same unsavoury episode at its core, has a wider ambit. The … [Read more...] about A TikTok sensation, a fantasy epic, and a critique of colonialism
The death of Queen Elizabeth II and the ascension of King Charles III have focused both those in and outside the U.K. on the British royal family. While family drama and the mechanics of succession have captured some of the headlines, many may wonder just how wealthy the Windsors are. In this article, we explore some of the sources of the British royal family's rumored massive wealth—along with some of the reasons why outsiders are likely to never know just how much the royal family is worth. Key Takeaways The British royal family has accumulated a massive portfolio of properties, jewels, art, and other possessions over centuries of rule. Some of these holdings are in trusts and are no longer owned directly by the monarch. British Parliament provides a Sovereign Grant to maintain upkeep on royal properties and pay for various royal expenditures. Assessing the wealth of the British royal family is very difficult, due to the vast array of holdings, the importance of … [Read more...] about How Wealthy Is the British Royal Family?
Share to Twitter Share to Linkedin Regardless of one’s political stripes, we economists are thrilled that, to date, President Biden is placing in most of the top Executive Branch positions in our field competent, seasoned professionals who understand the process of both how to design and execute national economic policy in the domestic and international spheres. They also possess the capability to articulate to the American public and global markets the rationales behind why certain policy choices will be made and why they should be supported by the nation and welcomed by our allies abroad. There is no comparison here with the way former President Trump approached economic policy. Literally. Admittedly, Biden faces a very low bar to surpass his immediate predecessor’s performance on this score. Trump had an incoherent, if not unstable, approach to economic matters (and in other policy realms as well), and he demonstrated an inability and lack of desire to … [Read more...] about Biden’s Economic Policies Should Eclipse Trump’s In Style And Substance