King Charles’ wealth far exceeds his late mother’s at more than £600 million, according to the Sunday Times Rich List.
The latest figures show Gopi Hinduja and his family are the richest people in the UK with a wealth of £35billion.
The Hinduja family - who are behind the Indian conglomerate Hinduja Group - topped the list for the second year in a row as their fortune jumped by more than £6 billion.
Further down at number 263, the list shows the King is sitting on a personal net worth of £600 million, which is nearly double that of the Queen.
Last year the late monarch's was calculated at £370 million.
Earlier this year it was reports the King has built a huge fortune from his own property assets and from building housing developments that made him become a major landlord over the years.
The monarch's most valuable assets are Sandringham with its 20,000 acres and Balmoral, which is surrounded by 50,000 acres.
Sandringham has belonged to the royals for more than 160 years, it has 300 buildings and a grade II listed mansion.
Last year, property firm McCarthy Stone valued the principal residence at £55 million - and the whole estate could be worth around £245 million, according to agricultural land values supplied by estate agent Strutt & Parker.
Prince Albert acquired Balmoral for Queen Victoria in 1852 and the Scottish castle is valued at £60 million.
It is surrounded by mountains, forests, lochs and grouse moors totalling 50,000 acres - with each acre worth between £600 and £1,800.
It is also surrounded by 150 other buildings including Birkhall, a house that Charles used for more than 20 years.
In total, the castle and wider estate are estimated to be worth around £120million.
Meanwhile, Charles has doubled revenues he achieves through rentals on property owned by the Duchies of Cornwall and Lancaster.
While Charles built a sustainable development in Dorset and began a similar project in Cornwall in the 1990s, the duchy was pushing up its income from renting commercial properties in London, Milton Keynes and Cornwall - almost doubling to £17.6million over the past decade.
Meanwhile Sir Jim Ratcliffe, who is currently in a battle to take control of Manchester United, is this year’s highest climber and comes in second place with an estimated fortune of £29.7billion.
For the first time in 14 years, the number of billionaires on the list fell by six - meaning there are now 171 billionaires in the UK.
But combined, their wealth grew by an eye-watering £30.73billion - against a backdrop of the cost of living crisis.
These are the 20 richest people and families in the UK, according to the Rich List:
- Gopi Hinduja and family - £35 billion
- Sir Jim Ratcliffe - £29.7 billion
- Sir Leonard Blavatnik - £28.6 billion
- David and Simon Reuben and family - £24.4 billion
- Sir James Dyson and family - £23 billion
- Lakshmi Mittal and family - £16 billion
- Guy, George, Alannah and Galen Weston and family - £14.5 billion
- Charlene de Carvalho-Heineken and Michel de Carvalho - £13.1 billion
- Kirsten and Jorn Rausing - £12 billion
- Michael Platt - £11.5 billion
- The Duke of Westminster and the Grosvenor family - £9.9 billion
- Marit, Lisbet, Sigrid and Hans Rausing - £9.3 billion
- Andy Currie - £9.2 billion
- John Reece - £9.1 billion
- Alex Gerko - £9.1 billion
- Denise, John and Peter Coates and family - £8.8 billion
- Anders Holch Povlsen £8.5 billion
- Barnaby and Merlin Swire and family - £8.4 billion
- John Fredriksen and family - £8.3 billion
- Mikhail Fridman - £8.2 billion
