They're royals, but they still need to pay the bills! While their lives may seem like a fairytale, the British Royal Family's finances are a fascinating mix of tradition, public funds, and private wealth. So, just how much do these regal relatives rake in? Let's lift the velvet curtain and take a peek.
The bulk of the monarch's income comes from the Sovereign Grant, a taxpayer-funded allowance used to cover official duties, staff salaries, and the upkeep of those oh-so-grand royal residences. For 2022-2023, the grant totaled a cool £86.3 million (that's over $110 million!), with a hefty chunk going towards the ongoing renovations of Buckingham Palace.
Think of it as an investment in national treasures – both architectural and human!
As the reigning monarch, King Charles III receives a tidy annual sum of $25 million, according to US Weekly. But wait, there's more! The King also enjoys a separate income from the Duchy of Lancaster, a private estate that dates back to the 13th century. This little inheritance includes land, property, and assets worth an estimated £654 million (over $840 million!), generating a personal income for Charles of around £20 million (about $26 million).
The article is not finished. Click on the next page to continue.
The article is not finished. Click on the next page to continue.
Next page
