Succeeding Queen Elizabeth II is her eldest son, Charles, who is now King Charles III. In Britain's monarchy, the heir ascends to the throne immediately upon the death of their predecessor. A formal ceremony and coronation are held later.
Instead, after the queen, her firstborn, Charles, ascended to the throne and became the British sovereign. Next in line is his firstborn, Prince William, Prince of Wales, and then his firstborn, Prince George.
Elizabeth's eldest son, Charles, 73, formerly the Prince of Wales, has immediately become the King of England. His wife, Camilla, Duchess of Cornwall, is now the Queen Consort, as Elizabeth requested at her royal jubilee in February. Next in line after King Charles III is Prince William, now the Prince of Wales.
Royal Inheritance
Representatives told Forbes in 2021 that Harry was not a beneficiary of any of the $100 million left to the royal family by his great-grandmother, the Queen Mother.
In a speech after King Charles III ascended to the throne last September, then-prime minister Liz Truss said his reign marks a "new era of hope and progress, our new Carolean age". The term Carolean, which was previously associated with Charles II, is derived from Carolus, the Latin for Charles.
As per royal tradition, Charles will be officially crowned as King with St Edward's Crown during the Coronation. This will be the first and only time that Charles, 74, will wear the 17th-century crown.
We unveiled the design of our King Charles III banknotes on 20 December 2022. The King's portrait will appear on all four of our polymer banknotes (£5, £10, £20 and £50). The rest of the design on the banknotes will remain the same.
Princess Charlotte has been refered as "the richest kid in the world" due to her status as a member of the British royal family, which is one of the wealthiest and most prominent royal families in the world.
Prince Philip Reportedly Left £30 Million in His Will to “Three Key Staff” Members. Prince Harry is also apparently expected to receive an inheritance. Prince Philip apparently left an extremely generous sum to his closest aides upon his passing in early April.
Taking her many streams of income into account, the Queen earned a generous salary each year until her death According to the Evening Standard, this looked like an estimated $97.2 million in yearly income for Her Majesty in 2020.
So, what would happen to Camilla's title if King Charles were to pass away? Basically, she'd retain the Queen title but go from Queen Consort to Queen Dowager.
When Prince William becomes King, his wife Kate will become Queen, but not in the same way that Queen Elizabeth II was queen. Kate, who will be the spouse of the ruling monarch whenever William ascends, will have the title Queen Consort. The title of 'consort' refers simply to the spouse of a ruling monarch.
According to People, a spokesperson for the Duke and Duchess confirmed that the reigning monarch's grandson, Harry, was en route to Balmoral Castle but he didn't quite make it in time to say goodbye to his beloved grandmother before she died.
The Prince of Wales has become King following the Queen's death and is expected to address the nation in the coming hours. Meanwhile, the Duchess of Cornwall will become Queen Camilla. It's believed Prince Charles has adopted the title of King Charles III.
Anne falls behind her younger brothers in the order of succession because male primogeniture served as protocol for the royal family from the Act of Settlement of 1701 up until 2013.
WATCH: The Queen's 70-year reign in pictures
Prince Edward and Prince Andrew arrived shortly after she died, along with the Queen's grandson, Prince William and the Countess of Wessex, who shared a close relationship with Her Majesty.
King Charles is married to Queen Consort Camilla, whom he married in 2005. So what did King Charles inherit from Queen Elizabeth? After the Queen's death, King Charles inherited the Sovereign Grant, a taxpayer fund each year to the British royal family.
Who will inherit the Queen's jewels? It is likely that these jewels will be passed down to members of the Windsor family and if the Queen follows tradition, she will leave the majority of them to the next monarch, which in this case is King Charles III.
Even before his coronation on May 6, Charles now oversees some $46 billion in assets and inherited at least $500 million from Queen Elizabeth, including her castles, jewels, art collection and a horse farm—all of it tax-free.
The British royal family, led by Queen Elizabeth II, are the wealthiest and influential. Forbes estimates the family to be worth an impressive $88 billion.
At 15, Valentina Pinault is the richest teen on this list if not the world -- although her net worth is based on her parents' net worth. Not only is she the daughter of actress Salma Hayek, but her dad is Francois-Henri Pinault -- a literal billionaire. And that means the sky's the limit for this teen.
The net worth of the British royal family is estimated at $28 billion (£21.3 billion), according to Forbes. Queen Elizabeth II had a separate personal fortune of $500 million (£380.7 million), inherited by her son King Charles, according to Forbes.
According to royal insiders, King Charles III's plans for the “slimming down” of the monarchy have been scrapped. According to Richard Palmer, Daily Express' Royal Correspondent, King Charles and his advisers have discarded the decision to reduce the number of working royals' number.
Her portrait has graced the front of more than 100 currencies from more than 20 countries and overseas territories. She was not the first English Royal to be on a banknote, but she was the first royal to be on a UK Banknote.
The £100 note is currently the largest denomination of banknote issued by The Royal Bank of Scotland. The current Ilay series of banknotes was first issued in 1987. These banknotes feature a portrait of Lord Ilay, first governor of the bank, on the front. Lord Ilay's image is also used as a watermark on the notes.