William and Kate face £500m inheritance problem of ‘unprecedented proportions’

Kate Middleton and PrinceWilliam are in line for a challenging inheritance problem of “unprecedented proportions”, according to a royal expert.

King Charles is a wealthy man, but when he does eventually pass away that massive estate and its history will have to be dealt with, a problem the Prince and Princess of Wales will have to sort. Writing in news.com.au, columnist Daniela Elser explained the situation that might fall to the pair.

She wrote: “The King may well end up lumping them with having to sort out a legal, moral, political and financial situation of unprecedented proportions. It all comes back to how exactly a sovereign ended up with a billion dollars (£530million) plus in personal wealth.”

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She added: “My point is, Britain’s, especially the royal family’s, colonial past is about to catch up with them in a way we have never seen before.”

This could land at the doorstep of William and Kate, with Daniela adding: “Consider this: William and Kate’s London residence remains Kensington Palace, which was built by William III whose wealth, at least in part, came from shares he was given in the RAC [Royal African Company] before taking over as the Company’s Governor himself."

That company, Daniela points out, has a vile history: "Between 1673 and 1688, the RAC transported an estimated 90,000 to 100,000 enslaved people, many of whom were branded with ‘DY’ [Duke of York] or ‘RAC' on their chests."

She explained this moral responsibility is something that needs sorting by the royals. She said: "However, in all of this there is one fundamental truth that Charles seems to keep dodging: He’s the bloody Head of State.

“Given how tangled the legal, financial, emotional, and political skeins are here, I would question whether this is something that can or will be resolved in any way in his lifetime. Hence, this very, very complex issue could well end up falling into William and Kate’s laps.”

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