Just How Rich IS The Royal Family?
Just how rich ARE members of the royal family? We know you’ve all wondered the same thing. Turns out, our friends at Marie Claire broke it down intensely — so much so that we just had to share it with you all!
Check out these fun facts below. Visit Marie Claire to read about the rest of the family.
According to Wealth-X, a global wealth insights firm, Her Majesty is worth an estimated $520 million dollars. Most of the money comes from ownership of Balmoral Castle ($140 million) in Aberdeenshire, Scotland and Sandringham House ($65 million) in Norfolk, England, which are her own properties, rather than properties of the Crown Estate.
The Queen’s husband of more than 70 years has a much more modest net worth of just a cool $30 million. In 2017, he retired from his official position as Duke of Edinburgh, from which he earned a yearly salary of $500,000 from Parliament.
As heir to the throne, Prince Charles has an estimated net worth of $400 million, according to Wealth-X. Most of his money comes from the Duchy of Cornwall, a private estate that funds the life and activities of whomever is the Prince of Wales and his family. The Duchy of Cornwall holds about $1.3 billion in total assets, including land and real estate, and covers the expenses of Prince Charles, his wife Camilla, and his sons Prince William and Prince Harry and their wives.
As a part of her divorce settlement, Diana received $22.5 million from Prince Charles a year before she passed away. The money, as well as other assets like jewelry and personal belongings, went to her sons.
Camilla, Duchess of Cornwall
The Duchess is rumored to have a net worth of around $5 million. Before marrying Andrew Parker-Bowles in 1973, Camilla worked as a secretary for a variety of firms in London’s West End, and as a receptionist at the decorating firm, Sibyl Colefax & John Fowler, though she likely didn’t make her millions there. Her wealth is generated through various endeavors, including real estate holdings, as well as a stipend from the Duchy of Cornwall, much like the other royals on this list.
According to Business Insider, Prince William and Prince Harry are each worth between $25 and $40 million. They both received inheritances from their late mother: in a lump sum of $14 million when they turned 30 and dividends of $450,000 each year after they turned 25, per Forbes.
William used to receive a salary (that he donated to charity) of $62,000 for his work as an East Anglian Air Ambulance pilot before he retired to focus on his duties as a royal.
Kate may have been raised as a commoner, her finances are far from common. Her royal expenses are covered by the Duchy of Cornwall, but Time reports that she may have a personal net worth of as much as $10 million. Her parents, Michael and Carole Middleton, own a successful mail-order supply store called Party Pieces and have an estimated worth between $30 and $50 million; it’s likely Kate will inherit some of that money, along with siblings Pippa and James.