A recent analysis suggests that King Charles might earn over £1 million each year by renting out royal properties to holidaymakers.

The Royal Family’s historic houses and mansions are popular holiday rentals, contributing significantly to the Palace’s revenue.

Pikl Insurance estimates that the royals may earn up to £118,775.85 per month, or around £1,425,310.20 per year, from their holiday rental portfolio. Even after accounting for cancellations, the monarchy is anticipated to generate a net annual income of somewhat more over £1.4 million.

Estimated Annual Rental Income of £1.4 Million

The four primary royal properties accepting public bookings are Balmoral Castle, Castle of Mey’s Captain House, Restormel Manor, and Dumfries House, according to Express.co.uk. Cottages at Balmoral Castle in Scotland are expected to generate £36,798.30 per month after accounting for cancellations.

According to the numbers, the 500-year-old Restormel Manor in Cornwall is the most profitable of them all, earning a solid £47,082 every month. The resort, located in the Fowey Valley, has four booking spaces and six converted barns.

Dumfries House in Ayrshire, Scotland, adds an estimated £31,185.63 and offers 25 rooms for booking. The Castle of Mey’s Captain House in the Scottish Highlands is estimated to generate a more modest £3,709.92 per month, despite the fact that the entire property is available for booking.

The analysts stated, “While the Royal Family’s primary role is undoubtedly to serve the nation, it is clear that their properties are also a valuable asset.” These estimates highlight the royal estate’s considerable financial potential and provide an intriguing peek into the monarchy’s corporate operations.”

Royal Family received £86.3 million from the taxpayer-funded Sovereign Grant in the previous fiscal year, according to official numbers released in July.

All revenues from the Crown Estate, which includes royal households, forestry, agriculture, and offshore wind, are paid directly to the Treasury, with a portion of this money, now 12%, returned to the Royal Family to finance their tasks.

The records also cover a period of jubilation, including the coronation and festivities surrounding the King and Queen’s crowning in May of last year.

French authorities have arrested Telegram CEO Pavel Durov at an airport north of Paris.

Mr Durov was held after landing his private jet at Le Bourget Airport, according to French media.

According to officials, the 39-year-old billionaire was arrested on a warrant for crimes involving the famous chat app.

The probe is purportedly concerned a lack of moderators, with Mr Durov accused of neglecting to take action to prevent unlawful use of App.

Mr Durov was born in Russia and now lives in Dubai. He holds dual citizenship in the UAE and France.

Telegram is very popular in Russia, Ukraine, and the former Soviet Union states.

The app was banned in Russia in 2018 following Mr Durov’s prior reluctance to hand over user data. However, the prohibition was reversed in 2021.

Telegram is one of the leading social media networks, following Facebook, YouTube, WhatsApp, Instagram, TikTok, and Wechat.

In 2013, Mr. Durov founded Telegram. He fled Russia in 2014 after refusing to shut down opposition communities on his VKontakte social media site, which he later sold.

Russian foreign ministry spokeswoman Maria Zakharova asked on Telegram if Western human rights NGOs would remain silent about Mr Durov’s arrest after they criticised Russia’s decision to “create obstacles” to Telegram’s work in Russia in 2018.

Several Russian officials decried the businessman’s arrest.

Elon Musk, the owner of X, has faced widespread criticism for moderating and content displayed on his own social media platform. He has commented on the matter several times. He hashtagged one post with #freepavel and wrote in another, “POV: It’s 2030 in Europe, and you’re being executed for liking a meme.”

LONDON — Two weeks after Taylor Swift’s Vienna concerts were canceled due to a suspected terror plot, the singer delivered her first remark about the cancellations.

“Having our Vienna shows cancelled was devastating,” she stated in a message on Instagram on Wednesday. “The reason for the cancellations filled me with a new sense of fear, and a tremendous amount of guilt because so many people had planned on coming to those shows.”

She thanked authorities—”Thanks to them, we were grieving concerts and not lives,” she said—and stated that she would wait to speak until the European leg of her Eras Tour was completed to prioritise safety.

Taylor Swift calls cancellation of Vienna shows ‘devastating’ and explains her silence

“Let me be very clear: I am not going to speak about something publicly if I think doing so might provoke those who would want to harm the fans who come to my shows,” she said.

Following the cancellations, Swift’s reps did not reply to several requests for comment from The Associated Press and other news organizations, and her social media profiles had become inactive.

“In situations like this,’silence’ is exercising restraint and waiting to express yourself until the time is appropriate. My top objective was to finish our European trip safely, and I’m relieved to say we did,” she added.

Barracuda Music, the concert organizer, said it canceled the three-night Vienna run, which was scheduled to begin on August 8, since the arrests in connection with the conspiracy occurred too close to showtime. Authorities claimed a 19-year-old suspect wanted to target spectators outside the Ernst Happel Stadium with knives or homemade explosives, wanting to “kill as many people as possible.” Austrian officials claimed they appeared to be inspired by the Islamic State and al-Qaida.

That suspect and another 17-year-old were arrested on August 6, the day before the gigs were canceled. A third suspect, aged 18, was arrested on August 8. The 19-year-old’s lawyer has said the allegations were “overacting at their best” and claimed Austrian authorities were “presenting this exaggeratedly” to obtain new surveillance powers.

Tens of thousands of Swifties from all over the world had traveled to Vienna for the performances.

Swift’s Instagram post also marked the end of the European leg by paying respect to her five nights at London’s Wembley Stadium, which she said influenced her decision to wait to speak out and eventually “felt like a beautiful dream sequence.”

Taylor Swift calls cancellation of Vienna shows ‘devastating’ and explains her silence

“I decided that all of my energy had to go towards helping to protect the nearly half a million people who were coming to see the shows in London,” she wrote the day after her final Wembley performance. “My team and I worked hand in hand with stadium staff and British authorities every day in pursuit of that goal.”

The shows in London, the next stop after Vienna, followed a stabbing at a Swift-themed dance class that killed three young girls in the United Kingdom. Swift said in a statement following the Southport attack that she was “just completely in shock” and “at a complete loss for how to ever convey my sympathies to these families.” According to news reports, Swift met with some of the survivors backstage in London.

The record-breaking tour is on hiatus until October, when it will resume in Miami.

SOURCE | AP