What was Queen Elizabeth II's salary? Image: Ben Stansall – WPA Pool/Getty Images. Taking her many streams of income into account, the Queen earned a generous salary each year until her death According to the Evening Standard, this looked like an estimated $97.2 million in yearly income for Her Majesty in 2020.
Much of the royal family's expenses are covered by an annual taxpayer-funded payment known as the Sovereign Grant, which in the 2021-2022 financial year was set at 86.3 million pounds ($108m) – roughly 1.29 pounds ($1.61) for every person in the UK.
Even before his coronation on May 6, Charles now oversees some $46 billion in assets and inherited at least $500 million from Queen Elizabeth, including her castles, jewels, art collection and a horse farm—all of it tax-free.
Who inherits the Queen's wealth? King Charles is the sole beneficiary of the Queen's wealth, including her £650 million estate. On top of this, she amassed tens of millions of pounds in her own cash and assets, mainly from art and racehorses.
Royal Inheritance
Representatives told Forbes in 2021 that Harry was not a beneficiary of any of the $100 million left to the royal family by his great-grandmother, the Queen Mother.
After the Queen Mother's death, Buckingham Palace revealed some details about her will after going to the High Court to try to keep it private. Her estate was valued at between £50m and £70m at the time, was passed onto her daughter the Queen.
Princess Charlotte has been refered as "the richest kid in the world" due to her status as a member of the British royal family, which is one of the wealthiest and most prominent royal families in the world.
The net worth of the British royal family is estimated at $28 billion (£21.3 billion), according to Forbes. Queen Elizabeth II had a separate personal fortune of $500 million (£380.7 million), inherited by her son King Charles, according to Forbes.
Prince Edward, Duke of Kent
His long stint has earned him the equivalent of £18m (inflation-adjusted). Edward, a first cousin once removed to the king, used to work as the UK's royal trade envoy, a position later held by Prince Andrew.
Sovereign Grant. The Sovereign Grant is paid annually to the monarch by the Treasury to fund the monarch's official duties, replacing the system of funding the Royal Household by a mixture of civil list payments and grants-in-aid.
Places like Buckingham Palace and Windsor Castle are owned by the monarch of the moment because of their position as king or queen, while other properties, like Balmoral and Sandringham House, are personally owned and not publicly funded.
From 2018 to 2018, Harry's annual allowance from Duchy, which he shared with Meghan, was £5 million or $6.9 million. This paid for Harry and Meghan's public duties as working members of the royal family, such as wardrobe and travel, as well as private costs.
The royal family relies on more than 1,000 “servants” working at Buckingham Palace, Windsor Castle, and St. James's Palace. Common jobs include managing social media, decorating, and everything in between. There is one job with the highest reported salary—the Keeper of the Privy Purse.
what was Princess Diana's net worth at the time of her death? Princess Diana's net worth was $25 million, according to Celebrity Net Worth.
Princess Anne inherits Queen Elizabeth II's pearl necklace.
The King has an even bigger personal fortune than Elizabeth II held, according to a list ranking the richest people in Britain. The King's wealth is £600m, nearly double the £370m in assets held by the late Queen last year.
At the time of her death in August 1997, Diana, Princess of Wales reportedly had a net worth of about 21 million pounds, an amount then equal to about 31.5 million U.S. dollars.
The current richest family in the world is the Walton Family with a net worth of $173.1 billion.
Royal author Duncan Larcombe told Town and Country magazine: "The title of Princess Royal is traditionally bestowed on the eldest daughter of the monarch. "It is a title that remains for life, so Princess Charlotte will have to wait at least until the death of the current Princess Royal."
Rich Princess Charlotte Is Probably Inheriting $2 Million in Jewels From Her Mom.
Not only does Prince William have more money than his brother, Prince Harry, for reasons that would cause any family to feud, but he's about to get even richer, too. Here's a breakdown of Prince William's net worth, and how his royal finances work.
So what will Prince Harry inherit from Queen Elizabeth? Representatives told Forbes in 2021 that Harry was not a beneficiary of any of the $100 million left to the royal family by his great-grandmother, the Queen Mother.
In addition to her Will, Princess Diana wrote a “Letter of Wishes” that requested that all of her jewelry and three quarters of her personal belongings (“chattels”) be passed on to her two sons, Prince William and Prince Harry.
The Castle of Mey was the property of the Queen Mother from 1952 until 1996 when she generously gifted it with an endowment to the Trust. It was reportedly bought for less than £100 at the time and was a firm favourite home of the Queen Mother.
How much does The Royal Household in the United Kingdom pay? The average The Royal Household salary ranges from approximately £17,609 per year for Attendant to £60,000 per year for Head of Customer Service.