King Charles and the other royal family members might have dedicated their lives to public service, but that doesn’t mean they don’t make a whopping amount of money. According to reports, the monarch’s main source of income is a tax-payer-funded settlement called the Sovereign Grant, which is paid annually. Keep scrolling to learn more!
The Salaries Of Royal Family Members REVEALED!
Among the things King Charles III inherited when he became Britain’s monarch were a fancy throne, several crowns adorned with (stolen) jewels, multiple castles and a ton of cash. However, as if his inheritance wasn’t enough, the monarch received a staggering amount of 86.3 million English pounds from the 2022-23 Sovereign Grant. According to BBC, this Grant doesn’t go into Charles’ pocket; the majority of it is spent on the upkeep of properties and staff costs.
The royal family conducts over 2,500 events per year, which are paid for by the Grant. Additional planned expenses like the 10-year Buckingham Palace refurbishment plan, which is estimated to cost a total of 369 million British Pounds and will be completed in 2027, according to the National Audit Office, are also paid for by the Grant. The monarch also receives an allowance for personal expenses known as the Privy Purse, which comes from the Duchy of Lancaster.
For the unversed, the Duchy of Lancaster has been passed from monarch to monarch, and the properties it holds are worth an estimated 654 million pounds and generate a huge amount of profit, as per reports. King Charles paid other senior royals from the funds he received from Lancaster. So, if he plans to slim down the monarchy, it could save tax-payer funds and lessen his personal financial loads.
Also Read: Charles’ Funeral Plans REVEALED! What Is ‘Operation Menai Bridge?’ Find HERE!
Along with the King, other royal family members also make tons of money and below mentioned are their paychecks!
King Charles & Queen Camilla: According to US Weekly, His Majesty is worth $750 million and makes $25 million a year as King of England.
Prince William & Kate: The couple is the Duke and Duchess of Cornwall; Kate receives income from the Duchy of Cornwall estate. As for the future King, he took home $30.4 million last year.
Princess Anne & Prince Andrew: The royal sister does more than 500 royal engagements annually and earns roughly around $21.2 million annually. The disgraced brother left royal duties in 2019, and he made about 250,000 pounds each year.
Further Read: Kate Middleton Has A Secret Weapon To Deal With William: Read HERE!
Royal watchers know that the Duke and Duchess of Sussex stepped down from royal responsibilities in 2020, and they no longer receive funding from the Firm. For more such updates on the royal family, keep following Soap Opera Daily! Share your thoughts on this matter in the comments below!
