Wednesday, September 28

Tag: King Charles III

5 things to know about Queen Elizabeth’s wealth and King Charles III’s inheritance
Business

5 things to know about Queen Elizabeth’s wealth and King Charles III’s inheritance

The passing of Queen Elizabeth II involves not only the transfer of the crown to her first son, Charles — now officially King Charles III — but also a shift of her personal wealth and the ownership in trust of a massive portfolio of assets that range from iconic castles to the Crown Jewels. Queen Elizabeth II's 70-year reign spanned a period of huge wealth creation across the globe, when new businesses sprang up in the decades after World War II. But much of her wealth is tied up in tangible assets that haven't exactly appreciated like the stocks of Microsoft or Amazon, which have soared 240,000% and 146,000%, respectively, since their IPOs. That may be why Queen Elizabeth's personal fortune appears relatively modest compared with that of tech moguls like Microsoft co-founder Bill ...
Queen Elizabeth II’s coffin makes somber journey through Scotland
Politics

Queen Elizabeth II’s coffin makes somber journey through Scotland

Edinburgh, Scotland — In a somber, regal procession, Queen Elizabeth II's flag-draped coffin was driven slowly through the Scottish countryside Sunday from her beloved Balmoral Castle to the Scottish capital of Edinburgh. Mourners packed city streets and highway bridges or lined rural roads with cars and tractors to take part in a historic goodbye to the monarch who had reigned for 70 years.The hearse drove past piles of bouquets and other tributes as it led a seven-car cortege from Balmoral, where the queen died Thursday at age 96, for a six-hour trip through Scottish towns to Holyroodhouse palace in Edinburgh. The late queen's coffin was draped in the Royal Standard for Scotland and topped with a wreath made of flowers from the estate, including sweet peas, one of the queen's fav...
Biden says he’ll attend Queen Elizabeth II’s funeral
Politics

Biden says he’ll attend Queen Elizabeth II’s funeral

President Biden on Friday said he'll be going to the funeral of Queen Elizabeth II whenever it takes place."Yes," Mr. Biden said, asked by a reporter in Ohio if he'll attend the funeral. "I don't know what the details are yet, but I'll be going." The queen died Thursday at 96, after 70 years on the throne.  The president on Friday said that while he knows King Charles III, he hasn't spoken with him since the queen's passing. On Thursday, the president and first lady Jill Biden stopped at the British Embassy in Washington, D.C., to sign the queen's condolence book.  "We mourn for all of you," Mr. Biden said at the embassy. "She was a great lady. I'm so delighted I got to meet her."Mr. Biden has met the queen on multiple occasions, most rece...