How Does Britain Royal Family Make Money
Every yr, the Queen gets a clamper of cash from taxpayers chosen the Sovereign Grant.
It comes from the treasury and it's funded by taxpayers, according to the BBC.
The bones agreement is that the Queen gets the grant in exchange for surrendering all profits from the Crown Estate — the family's massive portfolio of properties — to the government. Every twelvemonth, the Queen is given an corporeality of coin equivalent to 25% of the Crown Manor's profits.
The Grant totaled $107.i million (£82.2 million) in 2019, The Wall Street Journal reported.
The Sovereign Grant pays for the family's travel, palace budget and utilities, and regal employee payroll, according to official royal family unit financial reports. Just The Telegraph notes that the grant doesn't comprehend costs of security and imperial ceremonies — that coin comes from a few other places.
The Queen'south private income is chosen the Privy Purse.
That money comes from the Duchy of Lancaster — a portfolio of land and other assets that's been in the royal family for hundreds of years. Information technology contains $715 meg (£548.6 million) worth of net assets (including eighteen,433 hectares of land) and is made up of residential, commercial, and agricultural properties, Wall Street Journal UK contributor Max Colchester reported.
It brought in $27 million (£20.7 one thousand thousand) in 2019, according to The Journal. Co-ordinate to the purple family unit website, this sum helps with costs not covered by the Sovereign Grant — namely, information technology's used to pay "expenses incurred past other members of the royal family."
The Queen besides has other valuable assets that add to her net worth.
The Queen also outright owns Balmoral and Sandringham Estates, an expansive art collection, and other valuable assets that have been passed down from earlier monarchs, Wall Street Periodical's Colchester said on a January fourteen episode of The Periodical'southward What'due south News podcast.
The unknown total value of Her Majestic Highness' belongings makes it difficult to estimate her full net worth, according to The Journal. A royal finance expert did tell The Periodical that the imperial family members are "millionaires, non billionaires."
In 2016, The Sunday Times estimated the Queen's net worth to be $442.92 million (£340 one thousand thousand).
Prince Charles has a major income stream of his own.
The Duchy of Cornwall — yet another suite of properties owned past the regal family — covers the expenses of Prince Charles and his heirs. That means Harry and Meghan, William and Kate, and their children are all covered by the Duchy of Cornwall, too. Charles paid them a combined $6.v million (£five million) in 2019, according to The Journal.
The Duchy paid Charles $28.1 million (£21.half dozen million), The Journal reported. Its total value is $1.2 billion (£923.8 one thousand thousand).
The Queen and the Prince of Wales effectively control virtually of the regal family's fortune and divvy out payments to support other family members, The Journal reported.
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Source: https://www.insider.com/where-does-the-royal-family-get-money-2017-1
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