King Charles III sues Elon Musk for not paying him rent

The British corporation The Crown Estate, which manages the properties of King Charles IIIis suing Twitter, owned by Elon Muskfor alleged non-payment of rent for its London headquarters.

That’s according to the BBC, who added that the alleged debt comes from the social network’s offices on Air Street in the British capital, near Piccadilly Circus.

Having previously contacted Twitter Regarding the claim, the corporation has now brought the case to the High Court in London.

The impressive assets of the British crown

The monarchical holding company owns one of the largest portfolios of land and companies in the UK, valued at around 15.6 billion British sterling (17.68 billion euros), the proceeds of which are managed by the UK Treasury.

The UKthe formal owner of the assets, receives 25 percent of the profits annually to defray its official expenses, an amount that in 2022 was 86.3 million British pounds (97.8 million euros).

Charles III also controls the Duchy of Lancasterwhich manages more than 18,000 hectares of land in England and Wales, including offices and commercial buildings in London, and which generated 24 million pounds in profits last year (27 million euros).

In addition to other personal fortune and properties, Queen Elizabeth IIwho died in September at the age of 96, owned the estates of Sandringham, in England, and Balmoral, in Scotland.


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