The level of funding for the Royal Household is now linked to the Government's revenue from the Crown Estate. The Sovereign Grant Annual Report states that the Sovereign Grant was £31 million for 2012–13, £36.1 million for 2013–14 and £37.9 million for 2014–15.
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.
Prince Harry and Meghan no longer receive money from the Royal Family and have a series of commercial arrangements with a number of companies.
Taking her many streams of income into account, the Queen earned a generous salary each year until her death According to the Evening Standard, this looked like an estimated $97.2 million in yearly income for Her Majesty in 2020.
The entirety of the Crown Estate is worth $34.3 billion in assets.
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 sovereign and the wider royal family have three main sources of income – the crown estate, the Duchy of Lancaster and the Duchy of Cornwall – much of it derived from centuries-long ownership of land and property across the country, including in central London, and even the seabed around swathes of the British Isles ...
According to Forbes, Charles inherited the Queen's $500 million in personal assets after her death.
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.
Who will inherit the Queen's jewels? It is likely that these jewels will be passed down to members of the Windsor family and if the Queen follows tradition, she will leave the majority of them to the next monarch, which in this case is King Charles III.
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.
Nowadays one of his main sources of income is via the Duchy of Cornwall, which made profits of $26 million in 2020 and $24 million in 2021. According to Bloomberg, William will now earn $24 million a year from the Duchy of Cornwall.
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.
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.
The Prince also uses part of the income to meet the costs of his private life and those of his wife, The Duchess of Cornwall, and his sons, Prince William and Prince Harry. The Duchy is tax exempt, but The Prince of Wales voluntarily pays income tax at the highest rate on his taxable income from it.
Members of the Royal Family often carry out official duties in the UK and overseas where the Monarch cannot be present in person, such as State funerals or national festivities, or undertake visits to strengthen Britain's diplomatic and economic relations.
A fund received about 1.4 million dollars (100,000 pounds), as well as all of Princess DIana's clothing. This included her famous wedding dress. The fund benefits Prince William and Prince Harry, along with their spouses and family members, and special charities.
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.
But the Queen Mother had an agreement that Prince Harry would get more than Prince William. So, when she passed away aged 101, the brothers had £14million to split between them, but as agreed the younger brother did better out of the deal.
According to Celebrity Net Worth, Princess Anne has a net worth of $10 million. But!! It's likely this number has changed since Queen Elizabeth's death due to reports that Anne inherited a (smoll) portion of her estate.
Although they were well off by ordinary standards, Forbes last year pegged their net worth at a fairly modest $10 million, including the remains of Harry's inheritance from his mother, Princess Diana, and the equity the pair have in their California mansion.
So far, according to a report by Semana magazine and several British media outlets, the estimated income of Charles was 28.5 million dollars a year; William and Kate Middleton would earn about 4 million dollars a year; Prince Harry and Meghan, the Duke and Duchess of Sussex, about 3 million; Princess Anne, 441,000 ...
Harry & Meghan Each Have Several Business Ventures
Harry and Meghan have found several ways to earn money despite having left the Royal Family's payroll. Most of the couple's money comes from commercial ventures. They created a company, Archewell Productions, that serves as their main source of income.
However, in recent years, there has been a growing voice of opposition to the institution and royal family, especially since Queen Elizabeth II died and King Charles III ascended the throne. But it's still highly unlikely that the U.K. will ever abolish the monarchy.
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.