What The British Royals Are Worth? A Lot. But They Don’t Own It All.
4:53 pm, April 28th | by Hillary Reinsberg
When it comes to royal families, wealth seems to be a non-issue. But the British royal family, which is shelling out many millions on tomorrow’s wedding, doesn’t own quite all the assets as you might think they do.
Don’t worry, they’re still rich!
According to USA Today, the royal family handed over more or less all royal property to the government 250 years ago — how generous! Though this means they don’t own all the monarchical goods, it makes the British taxpayers responsible for paying for the upkeep of a $16 billion art collection, Buckingham Palace, a bunch of castles, the royal jewels and lots of other shiny things. The royals obviously still get to wear and use the stuff, though. Not a bad deal.
The Queen currently receives an $83.8 million annual paycheck from the government, though a majority of that is used to pay her minions and hold public events and do other queen-ly business. On top of that, the Queen has private stock investments.
The great chunk of the royal endowment, though, comes from some pretty epic real estate portfolios. The Queen has homes and castles amounting to around $500 million, while her son Prince Charles has a real estate portfolio worth $1 billion.
Charles is the definitive cash king of the Windsor clan. Royal money, in the Windsor fam, gets funneled only to the first born male. Presumably this means the soon-to-be betrothed William is in for an awesome inheritance.
Poor Harry, on the other hand, who’s for the moment resting on the $10 million his mother left him, will be accepting alms.