The British Monarchy has been dominating headline follow the death of Queen Elizabeth II on September 8 . After her majesty ’s bejeweled , lead - linedcoffin made its way across the UK , we discover ourselves ask , yet again , just how much is the royal family worth ?
In straight British nature , the royal stag are n’t cock-a-hoop on disclosing their financial site . Their true net worth hasnever been made public , and some reports even state the Queensuccessfully lobbiedto keep her “ embarrassing ” private riches hidden from the nation .
So , here ’s what we do bonk about the riches of the regal family .
Queen Elizabeth II
The former dominate monarch predictably held the majority of the family riches . At her time of going , the Queen was worth an estimated $ 500 million ( £ 350 million ) . This heart is accumulated from her personal assets , which admit real estate , investment , art , jewels , and in a surprising act of self - flattery , one of the world ’s beststamp assemblage .
The Family Business
The Royal Firm ( more ominously relate to as “ The Firm ” ) is equivalent to their kinsperson job and is deserving an estimated$28 billion(£24 billion ) . The Firm pretend to ply yearly wages to each acting appendage of the royal phratry , hire them to perform their royal duties .
When members of The Firm desolate regal duty , as was the casing with both Harry and Meghan , and Prince Andrew , they are essentially surrendering The Firm ’s wages .
Separate from the value of The Firm , the family ’s combined net worth ( including personal and hereditary plus , as well as royal reward ) is calculated at around$77 billion(£67 billion ) as of 2017 .
Income Sources
This is where things set out to get a small complicated . The royals have three main income stream , the Sovereign Grant , The Duchy of Cornwall , and The Duchy of Lancashire .
The Dutchy of Cornwall and Lancashire consist of property and holdings throughout the UK . These each bring in roughly$27 million(£24 million ) in operating profits each year . The Windsor are entitled to the full amount of income from the duchy , but not the underlying capital .
The Crown Estate , their real estate portfolio worth $ 19.2 billion ( £ 16.5 billion ) , brings in about $ 378 million ( £ 327 million ) in operating profit each twelvemonth . However , this is n’t right away owned by the Windsors , so all the taxation made by The Crown Estate is surrender to the governing in telephone exchange for the Sovereign Grant .
The Sovereign Grant is a taxpayer - funded essence that contributes to the upkeep of purple construction , as well as financing the family ’s royal duty . The amount kick in by the grant is 25 percent of the Crown Estate ’s net income , and last year racked up almost $ 99.7 million ( £ 86.3 million ) .
While the Danaus plexippus isnot legally obligatedto pay any UK revenue enhancement , the Queen has been voluntarily paying income and capital letter gains tax since 1993 . King Charles III is expected to extend paying this .
It ’s estimated that the royal folk take in around$1.9 billion(£1.7 billion ) each year for the UK saving , and that they cost each person about $ 5.20 ( £ 4.50 ) a year in taxis .
But , it count like even the royals are feeling the pinch of the cost of keep crisis . UK taxpayer are set to give an additional$33 million(£27.3 million ) over the next two class to fund a drop in the Crown Estate ’s earnings , helping to pay off the royal sept ’s expense .
All “ explainer ” article are sustain by fact checkers to be right at sentence of publishing . Text , images , and links may be edited , removed , or added to at a later date to keep information current .
