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As you can imagine, keeping Royal Family It’s very expensive, but it’s not just paid for with UK citizen taxes, because Queen Isabel II who died this Thursday, September 8, at the age of 96, also had own business and investation who helps support his family and property.
Although effective, each year the Royal Family is paid a taxpayer-funded payment, known as the Sovereign Grant, money based on profits from the Crown Estate, a real estate business owned by the king in turn but managed independently. Its holdings include Regent Street in London and Ascot Racecourse in Berkshire.
As we said, the Crown Estate is not owned by Queen Elizabeth but by the monarchy, so Elizabeth II and her successor, Charles, Prince of Wales, cannot sell the Crown Estate or retain its income. In 2017 it was agreed that the queen would receive 25% of the profits from this property.
The Queen also received rent from a private estate called the Duchy of Lancaster, which was passed down from king to king.
It covers more than 18,000 acres of land in areas such as Lancashire and Yorkshire, as well as properties in central London, and generates around £20 million per year in profits, derived from rent payments on this land used for residence. , shops and farms. Queen Elizabeth II designated the money raised from this property to pay her children Andrés, Eduardo and Ana, for the royal commitments they made at home and abroad.
Another property for rent is the Duchy of Cornwall, the proceeds of which are intended to support the public, private and charitable activities of the Prince of Wales and his family. It brings together land, investment and property in 23 British counties, a conglomerate founded in the 12th century. This property represents 90% of Carlos and Camilla’s income.
In addition, the Prince of Wales uses the proceeds from this property to pay his employees, as well as Prince William and his wife, Catherine Middleton, and until 2020 he does so with Harry and Meghan Markle.
The Queen also has income through estates such as Sandringham and Balmoral, which she inherited from her father. This property is rented through Airbnb and is one of our favorite vacation destinations.
Likewise, Queen Elizabeth II has invested at least $150 million in stocks and accounts managed by experts. On the other hand, the enterprising monarch invests most of his money in breeding animals, from horses to dogs, which sell for more than 15 thousand dollars.
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