This work for Henry VIII paid off and on April 19 1536 he was made Chancellor of the Court of Augmentations. Of course there was a material up-side as well. The former priory of Leighs was transferred into Richard's possession as well as hundreds of manors in Essex. Richard was a catholic; something he would continue to be during the reigns of the Protestant Edward VI and Elizabeth I. The infamous trial of Anne Askew was closely tied to Richard as well. Along with Chancellor Wriothesley, Richard personally turned the wheels of the rack used to torture Anne Askew.
Richard remained a faithful servant to Henry VIII and would become the first Baron Rich following his contribution to the will of Henry VIII. In March 1547 he became Chancellor. Richard knew where the reins of power would lay after the death of Henry VIII and soon proclaimed his support of Edward Seymour as Lord Protector. He would assist Edward in the prosecution of Thomas Seymour and the strict politics of the Lord Protector. But when the situation became grave in 1549 Richard left court for Warwick. He would see the fall of yet another great man when he presided over Edward Seymour's trial in the last month of 1551 - a month later Richard resigned as Chancellor.
Despite his official resignation of the title of Chancellor Richard still possessed power at court. Being a catholic he gained the favour of Mary I for whom he would aid in the prosecution of Protestants. Richard had a talent for surviving and even remained at a powerful position during Elizabeth I. On June 12 1567, Richard Rich died.
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