The royal family is a British family and one of the most prestigious families of Britain. The British Royal Family consists of Queen Elizabeth II and her family members, close relatives. The Royal family has power, prestige, and money. From, hefty oil supplies to charitable work the wealth of the British Royal family is quite remarkable. Let’s have a close look at the net worth of the Royal Family in 2023.
Early life and Biography:
Until 1760, the British Royal Family was earning a huge wealth from a hereditary income and from the profits of the Crown Estate. Later, King George III gave all the hereditary revenue for the Civil List, and thus the Crown Estate came under the sovereign. The Civil List was paid by people of the United Kingdom in the form of public funds. In 2012, this process was stopped by the government. After 2012, the revenue generated from the Crown Estate is much more than the Civil List.
Awards and nominations:
Thinking about the assets held by the British Royal Family? Well, as one of the wealthiest families in the United Kingdom the Royal family holds a number of assets. Some of them include:
• The Royal Collection is the art collection of the Royal Family. It contains over more than 7000 different paintings, historical photographs, books, and ceramics. In this collection, there is also the Crown Jewels in the Tower of London.
• Palaces like Buckingham Palace, Windsor Castle. The maintenance of these palaces is done with the help of the Sovereign Grant.
During the period 2001 to 2012, the Queen received £7.9 million per year. In 2011, the earning of the Royal family is about £30 million. How much money do you expect a family would spend on their Diamond Jubilee celebration? In 2012, the British Royal Family spent around £1 million in a Diamond Jubilee Celebration. The British sovereign also holds a private estate which is nothing but the Dutchy of Lancaster. The Dutchy of Lancaster also adds a big revenue to the wealth of the British Royal Family. The government of the United Kingdom doesn’t take tax from the British Royal Family.
Net worth and earnings of Royal Family in 2023:
The net worth figure of the Royal family is gigantic. As of 2023, The net worth of the British Royal family is $95 billion. Apart from their revenue, the income of the family from the various estates they hold is around $30 billion. Queen Elizabeth II has the highest individual net worth in the Royal family. The net worth of Queen Elizabeth II is $550 million. She owns a $140 million Balmoral Castle in the Scottish Highlands. Their revenue also comes from the public funds at the rate of 15%.
Thus, the Royal family is the Richest family of the United Kingdom.
Royal families’ exemplary work had earned them recognition. The royal family can be credited for so many positive things. It also spends a portion of its wealth on charity. They are the oldest and most powerful family in the United Kingdom, and their fame can be achieved by centuries of hard work and British spirit.
I believe there are a few inaccuracies in the above. For one, not all royal residences are owned personally by the family.