The royals live a very lavish lifestyle and living that kind of life does not come cheap. They are certainly held to a higher standard than the rest of us and that also means they have to live a certain way. You might be surprised to know that it costs about $358 million to run the British monarchy every single year. Now, that’s insane. Many of us don’t realize what it takes to run a monarchy and where all the money comes from. We don’t drealize these things, but it’s true. The staff alone costs a small fortune to take care of. The family isn’t just independently wealthy and since it costs them so much to run the monarchy, they blow through a lot of money. So, the question is, how do Queen Elizabeth II and her family come up with that kind of money? You might be a little surprised to find out to how they make it all work. There are many different sources they get their money from and some of them you wouldn’t expect. Some sources are public while others are private. Check out the 25 ways the royals make money.
14 The Queen Gets A Sovereign Grant
The grant comes through a treasury that is funded by taxpayers. In exchange for this grant, the Queen has agreed to give the British government 15% of the Crown Estate’s profits every year.
“In 2013, the Crown Estate generated a profit of £267.1 million ($325.8 million).
That means, in 2015, the Queen’s Sovereign Grant was 15% of that total — that’s £40.1 million ($48.9 million).” The grant covers costs for the family’s palace upkeep, travel utilities, and employee payroll.
13 The Queen Has A Privy Purse
The Queen gets a private income that is called the Privy Purse. It’s a portfolio that contains 45,600 acres of land that is owned which included residential business dealings as well as commercial and agricultural. That portfolio alone brought in an income for the Queen of $26 million in 2017. The Privy Purse comes from the Duchy of Lancaster which is a private estate. The Guardian reported that the assets are now “worth more than half a billion pounds.”
12 The Queen Has A Personal Fortune
Never mind the grants that the Queen is getting, she is also wealthy in her own right. She has an estimated personal fortune estimated at around $414.7 million and that’s no laughing matter. She believes that she is at the service of her people and that’s the most important thing to her. “I declare before you all that my whole life, whether it be long or short, shall be devoted to your service and the service of our great imperial family to which we all belong.”
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