Some readers may have momentarily felt sorry for Prince Charles after reading this story:
PRINCE Charles handed over his entire personal fortune to his late ex-wife, Princess Diana, as part of their divorce settlement, his former financial adviser told a British newspaper.
Geoffrey Bignell, who handled Prince Charles’s financial affairs for more than a decade until 1996, told the Sunday Telegraph that the royal was forced to sell his entire investment portfolio to pay Diana.
“Princess Diana took every penny he had,” Mr Bignell was quoted as saying. His comments provided the first detailed account of the financial impact of the divorce on Charles. …
As part of the divorce in July 1996, Diana reportedly received a lump sum of £17.5 million ($45.31 million) and an allowance for her private office.
But before you go passing around the hat to send Chuckie a charity food parcel, you might also want to read this article:
The Prince of Wales’ pre-tax income rose by nearly a fifth last year to nearly £12m, a royal report has shown. The Duchy of Cornwall, which provides Prince Charles’ annual income, grew in value by £55m last year – thanks in part to the healthy property market. …
According to the review, his pre-tax income grew by nearly £2 million to £11.9 million in 2003-04, with the value of his estate increasing by 14%.
The prince’s income puts him among the UK’s top earners, a London-based financial expert said.
Apparently taking someone’s “every penny” has a different meaning for a British royal than the rest of us.