The British Royal family has it all, owing to their prestigious position in society. From money to power, the royal family is held in esteem throughout the world. The monarchy runs on gargantuan oil supplies, charitable donations, and taxpayers’ money.
However, it is a myth that the family is entirely dependent on the taxpayers. The members of the royal family, individually, have their own sources of income too. With their inheritances, lands, crown estates, and allowances, the royals are living a life of comfort and luxury. Excluding the royals’ personal expensive belongings of artworks and jewelry, here’s how much each family member earns.
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Kate Middleton’s Net Worth
Kate Middleton, before being the Duchess of Cambridge, belonged to a high-earning family. Her family has a substantial collective net worth of $50 million, which they owe to their online party supply business called Party Pieces. The business has been regarded as “the U.K.’s leading online and catalog party company.” Kate gets to save a lot of her earnings, as her travel costs are covered by the countries she visits. Meanwhile, her husband covers her official staff and wardrobe expense. Her net worth is estimated to be between $7 million to $10 million.
Prince William’s Net Worth
Prince William is the second in line to the British throne after his father, Prince Charles. According to Forbes, William receives an annual salary from the Duchy of Cornwall to cover his private expenses. He also received $10 million from Princess Diana’s estate. Apart from this, he also worked as a helicopter pilot in the Royal Air Force, which gave him a good amount of salary as well. His net worth accounts somewhere between $30 million to $40 million.
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Prince Charles’ Net Worth
Prince Charles is the second richest royal member after Queen Elizabeth II. The Prince of Wales covers the majority of the royal duties, travels and staff expenses through the Duchy of Cornwall, which Forbes estimates around $800,000 a year. Duchy of Cornwall is a private estate established by Edward III in 1337 to provide a constant income to the heir to the throne. It owns and operates land in rural-urban areas, islands and cottages in Wales and Cornwall. Since 1969, the Duchy has been run under the stewardship of The Prince of Wales, the current Duke of Cornwall, the longest serving Duke of Cornwall in history. 2019 marked his 50th year in charge. His royal position enables him to receive income from it as the land’s sole beneficiary. Adding to his heavy amount is also the money he receives from the Queen’s sovereign grant. Charles’ net worth is estimated to be somewhere between $100 million to $400 million.
Prince Philip’s Net Worth At The Time Of His Death
At the time of Prince Philip’s death, his net worth was $30 million. He married Queen Elizabeth in 1947, and when Elizabeth became the queen, Philip was put under several royal duties as Queen’s consort. This included attending state dinners, world tours and openings of Parliament. Through the role of the consort, Prince Philip earned $500,000 annually.
Queen Elizabeth II’s Net Worth: The Head Of The Royal Family
Queen Elizabeth, being of the highest rank in the royal family, has wealthy estates under her. She owns the $140 million Balmoral Castle in the Scottish Highlands and the $65 million Sandringham House, among the other farms and marine land throughout the U.K. Even though the Queen’s net worth is accounted to be $600 million, it doesn’t include the $10 billion worth of real estate, Buckingham Palace, and the Royal Art collection. Queen’s private income is also generated through the annual government stipend, taxpayer money, and money from Duchy of Lancaster, which is yet another collection of properties.
What Is The Financial Status Of Prince Harry And Meghan Markle After Exiting The Royal Family?
The Duke and Duchess Sussex, Prince Harry and Meghan Markle, stepped down from their royal duties on January 8, 2020. This means that they’re independent of the crown and the royal family completely. They have relocated to the United States and are financially independent of the monarch. Prince Harry received $10 million from his late mother, Princess Diana’s estate, which he used to relocate his family. Currently, according to Forbes, the couple has a combined net worth of about $10 million. However, this net worth can definitely increase as Meghan and Harry have quite a few deals and projects lined up. With Spotify, they have a three-year podcasting deal that could be worth between $15 million to $18 million. With Netflix, the couple is in a five-year $100 million deal.
