Carole Middleton and her husband Michael Middleton have a combined net worth of a whopping $70 Million. She is a British Businesswoman and media personality best known for being the mother of Catherine, Princess of Wales. Carole is one of the most successful businesswomen in her country.
A self-made millionaire established a business called Party Pieces, which was valued at $38 million in 2011 according to Daily Mail. As of 2024, Carole and her spouse Michael accumulated more than $70 million from their businesses. In this post, we will discuss Carole Middleton’s net worth as well as her biography, children, and more.
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Carole Middleton’s Net Worth
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Early Life
Carole Elizabeth Middleton was born on January 31, 1955, in Perivale, London, England, the United Kingdom. Her father Ronald passed away in 2003 and her mother Dorothy Goldsmith in 2006. Carole grew up alongside her younger sister Gary Goldsmith who now owns a multi-million dollar IT business.
Carole was raised by a working-class family where her father worked as a builder and her mother got a job at a jewelry shop. She grew up in Southall where she attended the local state schools before she dropped out at the age of 16.
Soon, Caroel enrolled at a school completed 4 A Levels, and decided to become a teacher. However, the family’s financial situation was not too good to pay her college fees, so she got a gig, working as John Lewis’ shop helper. Later, Carole became a secretary for British Airways before transferring to the ground staff. While working as a flight attendant she got married in 1980.
Carole Middleton Net Worth Growth
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Career
Carole Middleton continued to work for British Airways until she launched her own company in 1987. She and her husband Michael founded Party Pieces, a brand renowned for its impressive party bag designs. They sold party decorations and supplies by mail order.
Before getting all that success, Carole started her business at her kitchen table and publicized it locally by distributing thousands of leaflets to advertise. In 1989, her spouse Michael quit his job at British Airways to pursue their business full-time.
By 1995, the company’s success led it to shift its headquarters to Ashampstead Common at farm buildings. Their children Kate, Pippa, and James Middleton helped out at the company’s Berkshire headquarters and also featured in advertising campaigns.
In May 2023, Carole Middleton and Michael Middleton sold their Party Pieces business to an Essex Ice Cream entrepreneur in a rescue deal after it fell into Administration. At the time of the company’s collapse, it owed £2.6 million to creditors.
According to the statement made by the administrator, it is unlikely that the unsecured creditors were to be paid. The Party Pieces business was bought by a businessman James Sinclair after failing to avoid falling into Administration who confirmed the purchase on Instagram.
Carole Middleton Biography
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Real Estate
Carole Middleton and Michael have a combined net worth of $70 million and the couple lived a luxurious life with their children. After the success of their company, Carole bought a house in Vernham Dean for $540k where she lived with her husband and children.
By 1995, the family was living in a Tudor-style manor home in Bucklebury, Berkshire. In 2002, they spent their money on a lavish apartment in Chelsea, London, and they sold this flat for $2.6 million in 2019. The family purchased another property in Bucklebury, Berkshire in 2005.
They paid approximately $1.3 million for a beautiful house in which they lived with their kids. Aside from purchasing homes, Carole and Michael continued to invest in real estate such as spending $1.75 on a commercial building.
As of now, the couple is residing in a mansion located in one of the posh areas in Bucklebury for which they paid $8 Million. The house features 7 bedrooms, five reception rooms, a swimming pool, tennis court, and is spread over 18 acres of land.
Carole’s Relationship
Carole married Michael Middleton in June 1980. Michael was a flight dispatcher and Carole was a flight attendant and the two met while working for British Airways alongside one another.
In January 1982, the couple welcomed their first daughter Catherine, Princess of Wales who later married Prince William in 2011. Carole gave birth to her second daughter Philippa in September 1983 and then their son James was born in April 1987.
Carole Middleton Net Worth
Carole Middleton and Michael Middleton accumulated a net worth of $70 million from their business Party Pieces. They earned a vast chunk of money from 1987 to 2023 with their company. Carole Middleton’s annual income is more than $5 Million.
The Middleton family’s fortune comes from their company and trust funds inherited from Olive Christiana Middleton. In 2011, the BBC declared her as Michael Middleton’s aristocratic grandmother. The Middletons have been reported to be multi-millionaires due to their accumulated wealth.
Conclusion
Carole Middleton and her partner Michael launched their company Party Pieces Holdings in 1987. However, it has now been bought by entrepreneur James Sinclair for an undisclosed sum. In 2021, reports emerged that Party Pieces had experienced a significant financial loss of over 250,000 pounds following the effect of the Pandemic COVID-19.
Despite this, the business insisted that the losses had been anticipated and they launched a retail partnership in the United States. In April 2023, Interpath was brought to increase firm budgets but Carole decided to sell the company in May 2023 to James Sinclair in a pre-package agreement.
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