Much of the royal family's expenses are covered by an annual taxpayer-funded payment known as the Sovereign Grant, which in the 2021-2022 financial year was set at 86.3 million pounds ($108m) – roughly 1.29 pounds ($1.61) for every person in the UK.
Who inherits the Queen's wealth? King Charles is the sole beneficiary of the Queen's wealth, including her £650 million estate. On top of this, she amassed tens of millions of pounds in her own cash and assets, mainly from art and racehorses.
The 73-year-old monarch also accedes the throne with a king's ransom of his own, largely through the lucrative annual income he received from the Duchy of Cornwall, which earned him some $27 million this year and which his eldest son, Prince William, will now inherit.
Royal Inheritance
Representatives told Forbes in 2021 that Harry was not a beneficiary of any of the $100 million left to the royal family by his great-grandmother, the Queen Mother.
The net worth of the British royal family is estimated at $28 billion (£21.3 billion), according to Forbes. Queen Elizabeth II had a separate personal fortune of $500 million (£380.7 million), inherited by her son King Charles, according to Forbes.
While Kate inherited $110 million in jewelry from the Queen, that collection did not include the Spencer tiara, a diamond-encrusted crown inherited by William's late mother, Princess Diana, in the mid-1970s. Diana wore the tiara in her wedding to King Charles—then Prince Charles—in 1981.
Princess Charlotte has been refered as "the richest kid in the world" due to her status as a member of the British royal family, which is one of the wealthiest and most prominent royal families in the world.
According to Bloomberg, William will now earn $24 million a year from the Duchy of Cornwall.
The Duke and Duchess of Sussex have lived in the US since stepping down as working royals, in 2020. Prince Harry and Meghan no longer receive money from the Royal Family and have a series of commercial arrangements with a number of companies.
Most notably, William inherited the Duchy of Cornwall, around 130,000 acres in southwest England worth approximately $1.2 billion in 2022. The Duchy of Cornwall is a domain established in 1337 by King Edward III to provide private income to his heir, Edward, later known as the Black Prince.
Places like Buckingham Palace and Windsor Castle are owned by the monarch of the moment because of their position as king or queen, while other properties, like Balmoral and Sandringham House, are personally owned and not publicly funded.
what was Princess Diana's net worth at the time of her death? Princess Diana's net worth was $25 million, according to Celebrity Net Worth.
'Who owns the Crown Jewels?'
The Crown Jewels are held in trust by the king or queen for the nation. They are passed to the next monarch on their accession (when they become king or queen).
They stay safeguarded at the Tower of London in safekeeping for the nation, and when one monarch dies, the crown jewels are immediately passed to their heir.” So the Queen's former crown, sceptre and orb now belong to her son, King Charles III.
She was the grandmother to Prince William and Prince Harry. While the Queen of England was one of the richest women in the world, she actually didn't have billionaire status. Her fortune only amounted to only $600 million, despite being the caretaker of the Royal Family's vast global assets.
According to reports, the late Queen Elizabeth II's son, Prince Andrew, has been left feeling miffed at the news that he has not received a single penny of his mother's fortune. Queen Elizabeth is believed to have left an estate worth approximately 782 million dollars solely to her son, King Charles.
That means that when they made the decision to step back from their roles as senior working royals, Harry and Meghan were left with a meager sum of $13 million (estimated by Forbes), largely made up of the inheritance from Harry's late mother's estate.
Prince Harry and Meghan Markle have an estimated net worth of $60 million, according to Celebrity Net Worth. The couple has signed a series of lucrative deals including documentaries, books, podcasts and more, worth an estimated total of $135 million, according to Forbes.
From 2018 to 2018, Harry's annual allowance from Duchy, which he shared with Meghan, was £5 million or $6.9 million. This paid for Harry and Meghan's public duties as working members of the royal family, such as wardrobe and travel, as well as private costs.
Prince Edward and Sophie, Duke and Duchess of Edinburgh
They received £130,000 in rent last year from a Canadian pharmaceutical company, on top of the (inflation-adjusted) £6.5m that Edward has received since 1982 for his royal work.
The entirety of the Crown Estate is worth $34.3 billion in assets.
Royal author Duncan Larcombe told Town and Country magazine: "The title of Princess Royal is traditionally bestowed on the eldest daughter of the monarch. "It is a title that remains for life, so Princess Charlotte will have to wait at least until the death of the current Princess Royal."
The current richest family in the world is the Walton Family with a net worth of $173.1 billion.
Rich Princess Charlotte Is Probably Inheriting $2 Million in Jewels From Her Mom.