Where Do The Royals Get Their Money From
Britain's royal family is among the world'due south most famous organizations -- and a costly one as well.
These days, the regal family is known for their lavish weddings, expansive tours and notable fashion equally much as they are for their contributions to their nation.
Only how practice they pay for their security, travel, dining and more?
According to the BBC, the royals amass their fortune, in part, through the taxpayer-funded Sovereign Grant.
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However, the queen and the other royals go the money in return for surrendering the profits from their slew of properties -- called the Crown Manor -- to the government, according to Business organization Insider.
Each year, the queen will receive an amount from the grant equivalent to 25% of the Crown Estate's profits, the outlet reports.
The grant will pay for the palace budget, the family'south travel, royal employee payroll and more than, but according to the Telegraph, the Grant doesn't comprehend costs for security and royal ceremonies, per BI.
Coin for such assets and events comes from a portfolio of land that the family unit has owned for generations called the Duchy of Lancaster.
The Duchy is made upwards of residential, commercial, and agricultural properties, Insider reports, and contains $715 million worth of cyberspace assets.
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In 2019, the portfolio earned $27 1000000, The Wall Street Journal reports.
The money is put toward "expenses incurred by other members of the royal family," as the purple family'southward website puts information technology.
As one would expect from a monarch, Queen Elizabeth Ii too outright owns a massive art collection, Balmoral and Sandringham Estates and more, according to a WSJ podcast.
Some other Duchy -- the Duchy of Cornwall -- covers expenses for the queen'due south son Prince Charles and his family unit and heirs. The Duchy of Cornwall covers Duchess Camilla as well as Prince William and his family unit, BI reports.
Charles' son Prince Harry and his married woman Meghan Markle are financially contained and will earn coin through their deals signed with Netflix and Spotify.
According to the outlet, The Wall Street Journal placed the value of the Duchy of Cornwall at $1.2 billion in 2019.
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In total, the queen and Prince Charles control most of the family'due south coin and split information technology among the various family members.
Other, more distantly related members of the family, like Princess Beatrice and Princess Eugenie, hold total-time careers outside of the purple family.
Source: https://www.foxbusiness.com/lifestyle/where-does-royal-family-get-money
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