King Charles reportedly getting a raise thanks to the ‘golden ratchet’ clause

King Charles III and the rest of the royal family are set to get a raise.

Despite some changes in how the money paid to the the royals by the UK government is calculated, the royals’ take will likely jump “significantly” in the years to come, CNBC reported, citing a review of the annual Sovereign Grant.

For 2022-2023, the grant was worth about $96 million, the same it was for the previous year.