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Richard was born on 2 October 1452, at Fotheringhay Castle in Northamptonshire, the eleventh of the twelve children of Richard, 3rd Duke of York, and Cecily Neville, and the youngest to survive infancy. His childhood coincided with the beginning of what has traditionally been labelled the 'Wars of the Roses', a period of political instability and periodic open civil war in England during the second half of the fifteenth century, between the Yorkists, who supported Richard's father (a potential claimant to the throne of King Henry VI from birth), and opposed the regime of Henry VI and his wife, Margaret of Anjou, and the Lancastrians, who were loyal to the crown. In 1459, his father and the Yorkists were forced to flee England, whereupon Richard and his older brother George were placed in the custody of their aunt Anne Neville, Duchess of Buckingham, and possibly of Cardinal Thomas BourchierArchbishop of Canterbury.

Richard was created Duke of Gloucester in 1461 after the accession of his brother King Edward IV. In 1472, he married Anne Neville, daughter of Richard Neville, 16th Earl of Warwick. He governed northern England during Edward's reign, and played a role in the invasion of Scotland in 1482. When Edward IV died in April 1483, Richard was named Lord Protector of the realm for Edward's eldest son and successor, the 12-year-old Edward V. Arrangements were made for Edward V's coronation on 22 June 1483. Before the king could be crowned, the marriage of his parents was declared bigamous and therefore invalid. Now officially illegitimate, their children were barred from inheriting the throne. On 25 June, an assembly of lords and commoners endorsed a declaration to this effect, and proclaimed Richard as the rightful king. He was crowned on 6 July 1483. Edward and his younger brother Richard of Shrewsbury, Duke of York, called the "Princes in the Tower", were not seen in public after August, and accusations circulated that they had been murdered on King Richard's orders, after the Tudor dynasty established their rule a few years later.

There were two major rebellions against Richard during his reign. In October 1483, an unsuccessful revolt was led by staunch allies of Edward IV and Richard's former ally, Henry Stafford, 2nd Duke of Buckingham. Then, in August 1485, Henry Tudor and his uncle, Jasper Tudor, landed in southern Wales with a contingent of French troops, and marched through Pembrokeshire, recruiting soldiers. Henry's forces defeated Richard's army near the Leicestershire town of Market Bosworth. Richard was slain, making him the last English king to die in battle. Henry Tudor then ascended the throne as Henry VII.

Richard's corpse was taken to the nearby town of Leicester and buried without ceremony. His original tomb monument is believed to have been removed during the English Reformation, and his remains were wrongly thought to have been thrown into the River Soar. In 2012, an archaeological excavation was commissioned by the Richard III Society on the site previously occupied by Grey Friars Priory. The University of Leicester identified the skeleton found in the excavation as that of Richard III as a result of radiocarbon dating, As a result of these works, Richard's remains were reinterred in Leicester Cathedral.