Duchy's new profits make Charles a property king An investment switch has paid off for the royal heir, reveals Andrew Alderson

From: The Sunday Telegraph London | Date: May 25, 2003| Author: | Copyright information

THE PRINCE of Wales will unveil record profits for his 700-year- old estate after making a timely and prescient switch out of shares and into the property market.

The Prince's new status as a "property king" will become apparent next month when he announces that the Duchy of Cornwall, the estate which gives the heir to the throne his income, has recorded profits of almost pounds 10 million for the latest financial year. The figure is an increase of about 25 per cent on the year and comes at a time when many businesses have recorded annual falls in profit because of the economic downturn.

The ...

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