FORMER CATHOLIC KNIGHT ARRESTED OVER ALLEGED RITUAL CLEANSING EXERCISE IN NNEWI. (PHOTO).

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Former Catholic Knight arrested over alleged ritual cleansing exercise in Nnewi Vigilantes in Nnewi have arrested Sir James Louis Okoye, a former Catholic Knight of St John International, who reportedly renounced Christianity during the official opening of Our Lady of Assumpta Catholic Church, Nnewi in January this year over non-recognition of late Senator Ifeanyi Ubah. Okoye was arrested after he was seen on Saturday wearing a red dress with fresh palm fronds between his lips, with a bell in hand, performing what he believed was the ritual cleansing of Nnewi land on the streets of the town. Okoye gained popularity in January, during the official consecration of the Nnewi Catholic Cathedral, where he decried the non-recognition Late Senator Ifeanyi Ubah, who he believed built the cathedral to almost completion before his death. He was captured on video removing his shoes and knighthood hat as he stepped out of the cathedral, shouting, “Ifeanyi Ubah ndo.” While stepping out of the gate,...
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KING CHARLES IS WORTH $850 MILLION BUT HE DOESN'T HAVE A SALARY. HERE'S HOW HIS LIFE AND WORK ARE FUNDED. (PHOTO).

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 King Charles Is Worth $850 Million but He Doesn't Have a Salary. Here's How His Life and Work Are Funded


King Charles III may not receive a traditional salary, but his estimated $860 million fortune is supported through three major streams of income.


The biggest source is the Sovereign Grant, which comes from profits made by the Crown Estate, a vast portfolio of commercial properties, hospitality assets, and more than 191,000 acres of land. 


These profits are controlled by the UK Treasury, which then releases a percentage to fund the monarchy’s official work. 


In the 2025 to 2026 financial year, the grant rose to more than $176 million, largely boosted by offshore wind farm lease sales and strong asset management.


This money covers official royal duties, including staff salaries, upkeep of official residences such as Buckingham Palace, and the cost of public engagements and foreign trips. In 2025 alone, members of the royal family reportedly carried out 2,458 engagements.


The second source is the Duchy of Lancaster, a private estate held in trust for the monarch since 1399. It includes historic buildings, urban property, mineral interests, and more than 41,000 acres of rural land. Revenue from this estate goes into the Privy Purse, which stood at over $38 million in the 2024 to 2025 year.


That fund supports the King’s private expenses, maintenance of personal residences like Sandringham and Balmoral, and some costs linked to other working royals.


The third stream is Charles’ personal portfolio, which includes private investments, savings, and properties. Unlike the other two, this part of his wealth is not publicly disclosed.


Before becoming King in September 2022, Charles was funded through the Duchy of Cornwall while serving as Prince of Wales. 


Since ascending the throne, his finances have shifted to this three-part structure.


Together, the Sovereign Grant, the Privy Purse, and his personal investments fund both his role as monarch and his private life. 


Despite a slower pace in 2024 following his cancer diagnosis, Charles returned strongly and was later ranked the hardest-working royal in 2025.

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