Woman (UK)

HOW MUCH ARE THE ROYALS REALLY WORTH?

- By royal biographer Emily Andrews

The Duke and Duchess of Sussex went to America to make their fortune. But how does it compare to their royal relatives left behind? It’s notoriousl­y difficult to compute the wealth of the Royal Family – even more so Harry and Meghan, who are now private citizens.

But we do know that the monarch is funded in three distinct ways: through the private income of the Duchy of Lancaster, the taxpayer-funded money of the Sovereign Grant and the personal family fortune that is handed down from monarch to monarch free of inheritanc­e tax.

King Charles is estimated to be worth around £1.8 billion (which includes property such as Balmoral and Sandringha­m, cars, horses, rare stamps and works of art).

Prince William is equally wealthy as he is in charge of the prosperous Duchy of Cornwall, estimated to be worth in excess of £1 billion. He is now one of the largest landowners in Britain, with an expected annual income of £20 million.

In contrast, once Harry and Meghan left the Royal Family, they were financiall­y on their own.

They bought a $14.7 million (almost £12 million) estate in Montecito, California in August 2020 but they only put down a $5 million deposit and took out an almost $10 million mortgage.

Harry had to use much of the money left to him by his mother to pay for the house, his hugely expensive security and to repay the taxpayer-funded renovation­s on Frogmore Cottage.

Figures vary for how much William and Harry were left by Princess Diana. One thing for certain is that much of her £21 million fortune was paid to HMRC in inheritanc­e tax. The rest of her estate was shared between her sons – estimated to be around £13 million.

In late 2020, Forbes estimated that while Meghan had brought $2 million in after-tax earnings from her work as an actor, the couple’s estimated net worth was comparativ­ely just £8 million.

But after their megabucks deals with Netflix, Penguin Random House and Spotify, their net worth will have grown to an estimated £30-£40 million, which pales into insignific­ance behind Wills and Kate’s.

The Tindalls, who receive no money from the Crown, also have an estimated net worth of £30 million (from sponsorshi­p and media appearance­s); yet they have made their money without hurling brickbats and poisonous accusation­s at their family!

 ?? ??
 ?? ??

Newspapers in English

Newspapers from United Kingdom