British King's coronation costs more than $90 million

Of which, the UK Department of Culture, Media and Sport spent more than £50 million on organizing the ceremony and related events, and the UK Home Office spent nearly £22 million on security, according to The Guardian newspaper.

Critics say it is a waste of money, with the government and people tightening their budgets in a difficult economic climate. Last year's coronation of King Charles III was attended by many international dignitaries, followed by a star-studded concert.