This Is Where The Queen Gets All Her Money From

© REX/Shutterstock
© REX/Shutterstock | © REX/Shutterstock

The Queen costs a lot less than you think she does…


According to the The Telegraph it costs around £300,000,000 (roughly $368 million USD) to keep the British Monarchy going each year – that’s roughly 2 pennies for every UK tax payer.
So where does The Queen and her fam get their money from? Well, it’s a huge mix, and both public and private sources are used. Here’s the lowdown:

Every year Her Maj gets something called the Sovereign Grant…

A post shared by The Royal Family (@theroyalfamily) on May 19, 2017 at 1:18am PDT
According to the BBC, this money comes from the treasury and is funded by British tax payers.
The Queen gets all this cash because she surrenders all the profits from the Crown Estate, the Royal Family’s ginormous portfolio of lovely stately homes and properties up and down the country. All the cash goes directly to the Government, and the Queen is given roughly 15% of the cut.
To get an idea of much cash we’re talking, in 2013 the Crown Estate generated a mouthwatering £267.1 million profit (about $325.8 million). When you do the math, 15% roughly equates to about £40.1 million (or $48.9 million).
Named the Sovereign Grant, the money is used to pay for the family’s travel expenses, palace upkeep and staff, as well as the employee payroll, according to the official Royal Family financial docs. The money however does not cover any security costs incurred by the family.

The privy purse…

A post shared by The Royal Family (@theroyalfamily) on Apr 11, 2017 at 9:22am PDT
Yes, the Queen does have a purse. Sort of. The Duchy of Lancaster, is a portfolio of land that’s been in the Royal Family for yonks. The fancy portfolio includes 18,433 hectares of land, made up of oodles of commercial, residential and farmland. This money is not directly reserved for the Queen; most of it goes to the other members of the family.

Personal money…

The Queen does have her own dough. Her personal fortune is estimated to be around £340 million (about $414.7 million). Aside from that, she also owns Balmoral and Sandringham Estates, which is inherited from Crown to Crown, and also has a valuable artwork collection.

The Duchy of Cornwall…

A post shared by Kensington Palace (@kensingtonroyal) on May 11, 2017 at 9:00am PDT
Another impressive portfolio, this money goes directly to the Prince of Wales and his heirs: the heir apparent, his son William, his wife, the Duchess of Cambridge, their children Prince George and Princess Charlotte, as well as Prince Harry and Camilla, Duchess of Cornwall.

And if you round all the cash up, for each and every tax payer, her Maj costs as little as 62p.
Want more royal news? This is what happens when the Queen dies!

Culture Trips launched in 2011 with a simple yet passionate mission: to inspire people to go beyond their boundaries and experience what makes a place, its people and its culture special and meaningful. We are proud that, for more than a decade, millions like you have trusted our award-winning recommendations by people who deeply understand what makes places and communities so special.

Our immersive trips, led by Local Insiders, are once-in-a-lifetime experiences and an invitation to travel the world with like-minded explorers. Our Travel Experts are on hand to help you make perfect memories. All our Trips are suitable for both solo travelers, couples and friends who want to explore the world together.

All our travel guides are curated by the Culture Trip team working in tandem with local experts. From unique experiences to essential tips on how to make the most of your future travels, we’ve got you covered.

close-ad
Edit article