This is How Much Each Person in the British Royal Family is Actually Worth
You’ll be shocked at who has the highest net worth.
Here’s How Much the British Royal Family is Worth
Whether you admire them for their established birthrights or myriad of leadership qualities, the esteemed British family is revered throughout countless nations. Royals seem to have it all—power, prestige, and perhaps most importantly, money. From gargantuan oil supplies to significant charitable donations, the wealth of the British royal family is quite substantial. Surprisingly, most of the money used to fund the British monarchy doesn’t actually come from the taxpayer—the royal family are all wealthy on their own. With the combined sums of inheritances, crown estates, and allowances, these royals are able to spare no expense when it comes to enjoying the better things in life. Although we can’t directly indulge ourselves in the abundant realm of high jewelry, impeccable art, and acres of land that comprise their lifestyle, we can revel in their considerable net worths to a cup of herbal tea—with our pinkies raised in the air of course.
Kate Middleton, Duchess of Cambridge
Net worth: $10 million
Middleton’s story has often been overplayed as a rags-to-riches ascent to royalty, but that’s actually far from the case; her family held substantial holdings with a collective net worth of $50 million. Most of this derives from an online party supply business called Party Pieces, which Breakthrough Branding has dubbed “the U.K.’s leading online and catalog party company.” Prince Charles also covers her official staff and wardrobe expenses, and some of her travel costs are often funded by the countries she visits, which means she gets to keep most of her personal money in the bank—one of the many benefits of having a prince for a husband, we assume. Although her net worth is estimated to be around $10 million over the years in terms of savings, her national worth with clothing sales and tourism revenue is rumoured to be much higher. In any case, her combined wealth with husband Prince William is said to increase once Prince Charles ascends to the throne.
Prince Philip, Duke of Edinburgh
Net worth: $30 million
Although he never took on the title of king due to strict monarchy regulations, royalty still pumps through his blood. This is pretty sweet considering that he receives just over $442,000 a year as determined by the Sovereign Grant just for his royal title. According to a U.K. Government site, Prince Philip receives an annual Parliamentary annuity of £359,000 in order “to meet the expenses of carrying out his public duties in support of the Queen.”
Prince William, Duke of Cambridge, and Prince Harry of Wales
Net worth: $40 million each
According to The Richest, Prince William and his younger brother Prince Harry gathered most of their wealth on their 30th birthdays through an inheritance—£13m in trust and estate from their late mother, Diana, Princess of Wales. At the age of 21, the two sons gained access to a lavish $450,000 per year investment profit. They also receive an “allowance” from the Duchy of Cornwall, which is managed by their father. This isn’t the typical allowance we remember from our parents however; it was reported to be a total $4.6 million in 2015. This grand sum covers most of their staff, travel, and wardrobe expenses. Despite their inherent royal status, both princes crank out their own paychecks as well. Prince William also worked as a helicopter pilot for East Anglian Air Ambulance, but donated his entire $62,000 annual salary to charity. Prince Harry earns his own salary as an officer in the Army Air Corps until his departure from the service—as captain, he was said to earn an additional $45,000 a year. It’s good to know the two princes have their morals in check.
Prince Charles, Duke of Cornwall
Net worth: $100 million
As the next in line to the English throne, Prince Charles reigns over the highest British royal family net worth after Queen Elizabeth. In 2016, his total assets are said to have reached an all-time high of nearly $1.3 billion, according to AOL. A significant bulk of this stems also from the Duchy of Cornwall; although he doesn’t actually own the colossal real estate portfolio, his royal position enables him to receive income from it as the land’s sole beneficiary. According to last year’s annual report, it paid him more than $25 million.
Queen Elizabeth II
Net worth: $550 million
Much of this handsome number derives from owning property holdings like the $140 million Balmoral Castle in the Scottish Highlands, the $65 million Sandringham House, stud and fruit farms, marine land throughout the U.K., and one of the world’s largest stamp collections built by her grandfather. The estates she owns were inherited from her father, the late King George VI. The assets belonging to the Crown Estate are not included in her net worth, but she does get to enjoy them too as one of the many perks of being queen. This encompasses $10 billion worth of real estate, Buckingham Palace, and the Royal Art collection. The Queen also receives an annual government stipend of $12.9 million, and because this wealth is tied to her position, she could never sell the royal assets. This stipend does include a bit of taxpayers’ money (the Sovereign Grant), combined with the Duchy of Lancaster, another collection of properties (separate from the Crown Estate) used to generate the Queen’s private income. This is said to generate around $20 million a year and is used to cover the costs the Sovereign Grant does not. And it doesn’t end there. The Queen also has private collections of valuable furniture and jewelry, which Forbes estimates at $110 million.
Check out these fascinating Queen Elizabeth facts.
Prince George and Princess Charlotte
Net worth: $3.6 billion, $5 billion
Apparently, being a youngster in the royal monarchy comes with some pretty big bucks. Prince George is estimated at a net worth of $3 billion, but Princess Charlotte takes the cake from the entire family with a whopping $5 billion. The reason for Charlotte’s incredibly high value is in large part due to her fashion influence; taking off closely after her mother, the stylish tot has eyes on her style all over the nation. Deemed as the “Charlotte effect,” a yellow pastel patterned cardigan worn by the princess from a popular British department store sold out in 24 hours, according to Moneyish. Regardless, their substantial value doesn’t mean the royal children can go around flashing their Amex cards whenever they want. Since the royal children haven’t physically received inheritances (or worked a day in their life), their net worths are calculated by their value to the UK economy. Because they believe the children have potential to drive billions in sales, their net worths have been determined as so.
Here are 5 Things Prince George Will Inherit.
Originally published as This is How Much Each Person in the British Royal Family is Actually Worth on ReadersDigest.com.