Charles is set to inherit a $38 billion fortune according to Yahoo Finance. Source: Shutterstock.
With the death of his mother Her Majesty Queen Elizabeth II, a new era is being ushered in for the Royal Family with King Charles III now reigning monarch.
At age 73, King Charles III – previously the Prince of Wales- has taken to the throne of the British Monarchy and now rules over the United Kingdom and 56 countries that make up the Commonwealth.
14 of those countries, he will be the head of state. He is the oldest monarch in history to ascend to the throne.
It’s been reported by the BBC that he is expected to be officially proclaimed King on Saturday September 10 at St James’s Palace in London in front of the Accession Council.
200 members of the Privy Council will be present at his Accession Council meeting, which is made up of MPs, commissioners, officers of state among several other members.
It’s these people who will proclaim Charles as King and Camilla as Queen Consort and after several other formalities a gun salute will be given at both Hyde Park and the Tower of London.
His first statement as King was to pay tribute to his mother.
“During this period of mourning and change, my family and I will be comforted and sustained by our knowledge of the respect and deep affection in which The Queen was so widely held.”
Prince William- who is now next in line for the throne- takes on the title along with his wife Princess Kate of The Duke and Duchess of Cornwall and Cambridge.
The Cornwall title which once belonged to Charles and Camilla is automatically bestowed on the members who are next in line but it is yet to be known if King Charles III will appoint them as the Prince and Princess of Wales.
Australia will eventually mint new money with the face of King Charles III, while money with Her Majesty on it will be taken out of rotation slowly.
While King Charles III has yet to comment on his ascension, he has previously mentioned how that moment might feel.
“I’ve had this extraordinary feeling, for years and years, ever since I can remember really, of wanting to heal and make things better,” he said in a 2013 interview with Time magazine.
“I feel more than anything else it’s my duty to worry about everybody and their lives in this country, to try to find a way of improving things if I possibly can.”
