We’ve watched the lavish weddings and oohed and aahed over the range of royal tiaras, but still, we’ve always pondered: How much is the royal family actually worth? Here, to set the record straight, a peek at the finances of everyone from Meghan Markle to Prince George.
Queen Elizabeth: $520 Million
Come on, when you’ve been a monarch for a cool 65 years (and counting), there are a few perks associated with the job. Mainly? The budget. According to Wealth-X—as reported by Time—Queen Eliz’s net worth includes not just a percentage of profits generated by the Crown Estate, but also a salary reserved for the Duke of Lancaster (aka the queen). In addition, Queen Eliz owns real estate including Sandringham House—worth a cool $65 mill—and Balmoral Castle—worth $140 mill—that she inherited from her father.
Prince Philip: $30 Million
Under the Sovereign Grant Act of 2011, Prince Philip is said to receive an annual salary of around $500K to cover the cost of carrying out his royal duties in support of HRH the Queen. (He also joked at an event last year that he’s the world’s “most experienced plaque-unveiler,” not a bad gig at that price tag.)
Prince Charles: $400 Million
Yep, Charles’s net worth is higher than his dad’s, but that’s because he’s the heir to the throne. He also gets paid out through a private estate called the Duchy of Cornwall that funds the royal goings-on of whoever holds the title of Prince of Wales, per Time. This estate also funds the activities of Charles’s family—ahem, Princes William and Harry, Meghan and Kate, and Camilla, too.
Prince William: Between $25 and $40 Million
This includes a payout from his mother Princess Diana’s estate, which he received upon turning 30. In addition, William collected his own salary as an air ambulance pilot to the tune of $62,000, according to CNBC. (He donated it to charity, FYI.) Any royal expenses—clothing, travel, etc.—get paid out by his dad’s estate.
Prince Harry: Between $25 and $40 Million
Ditto his brother except for the fact that Harry made $53K as a member of the Royal Air Force, according to Forbes.
Kate Middleton: $10 Million
Yes, she now has access to hubby Prince William’s—and father-in-law Prince Charles’s—royal funds, but she also entered the family with a small fortune of her own, thanks to her parents’ party supply store called Party Pieces. (Her parents, Michael and Carole Middleton, are worth between $30 and $50 million, according to Time.)
Meghan Markle: $5 Million
Lest we forget, Meghan was a working woman pre-royal life and brought in around $50K per episode of Suits on the USA Network, a show she starred on for close to seven seasons. She now gets to take advantage of the same financial perks as her sister-in-law Kate.
George, Char and Louis: TBD
Their net worth is still an unknown. But we do know their impact on the royal economy. It has been reported that Prince George is expected to generate $3.6 billion over time for the British economy while Princess Charlotte brings in close to $5 billion. In other words, when George or Charlotte are associated (even unofficially) with a British brand, sales skyrocket. As for Louis? He is still so little, but is already making a dent with around $70 to $125 million for the British economy since his birth.