How Does The Queen Of England Get Her Money
Every twelvemonth, the Queen gets a chunk of cash from taxpayers chosen the Sovereign Grant.
It comes from the treasury and information technology's funded by taxpayers, co-ordinate to the BBC.
The basic 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 year, the Queen is given an corporeality of coin equivalent to 25% of the Crown Estate's profits.
The Grant totaled $107.1 million (£82.2 million) in 2019, The Wall Street Journal reported.
The Sovereign Grant pays for the family's travel, palace upkeep and utilities, and royal employee payroll, according to official royal family fiscal reports. But The Telegraph notes that the grant doesn't cover costs of security and imperial ceremonies — that money comes from a few other places.
The Queen'south private income is called the Privy Purse.
That money comes from the Duchy of Lancaster — a portfolio of state and other avails that'due south been in the royal family for hundreds of years. It contains $715 million (£548.6 million) worth of net assets (including eighteen,433 hectares of state) and is fabricated upward of residential, commercial, and agricultural properties, Wall Street Journal UK correspondent Max Colchester reported.
It brought in $27 1000000 (£20.7 million) in 2019, co-ordinate to The Periodical. According to the royal family website, this sum helps with costs non covered by the Sovereign Grant — namely, information technology'south used to pay "expenses incurred by other members of the majestic family."
The Queen as well has other valuable assets that add to her internet worth.
The Queen also outright owns Balmoral and Sandringham Estates, an expansive fine art drove, and other valuable assets that have been passed down from earlier monarchs, Wall Street Journal'southward Colchester said on a January 14 episode of The Journal's What's News podcast.
The unknown total value of Her Purple Highness' property makes it hard to judge her total net worth , according to The Periodical. A majestic finance skillful did tell The Journal that the royal family members are "millionaires, not billionaires."
In 2016, The Sun Times estimated the Queen's net worth to be $442.92 meg (£340 million).
Prince Charles has a major income stream of his own.
The Duchy of Cornwall — even so another suite of backdrop owned by the royal family — covers the expenses of Prince Charles and his heirs. That ways Harry and Meghan, William and Kate, and their children are all covered by the Duchy of Cornwall, too. Charles paid them a combined $half dozen.five one thousand thousand (£5 million) in 2019, according to The Journal.
The Duchy paid Charles $28.1 1000000 (£21.vi million), The Journal reported. Its total value is $i.2 billion (£923.8 million).
The Queen and the Prince of Wales finer control well-nigh of the royal family unit'due south 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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