How Rich Are King Charles III and the Rest of the British Royal Family?

2022-09-15

The world long has held a fascination with the British royals, the family which was led by Queen Elizabeth II until her death on September 8, 2022. Now, eyes are on the newly ascended King Charles III and his Queen Consort, Camilla.

Related: Here’s How the British Royal Family Spends Their Money
Read: Meghan Markle and More Americans Made Royal by Marriage

As the throne changes hands for the first time in 70-plus years, take a closer look at how much the British royals are worth.

Princess Beatrice: $1 Million

Princess Beatrice has worked full-time in business and contributes much of her time and efforts to a variety of causes. Her patronages have included the Berkshire Community Foundation, Broomwood African Education Foundation, English National Ballet School and the Forget Me Not Children’s Hospice. The eldest daughter of Prince Andrew, the Duke of York, and Sarah Ferguson, Beatrice welcomed her first child, Sienna Elizabeth, with husband Edoardo Mapelli Mozzi on September 18, 2021.

Princess Eugenie: $1 Million

Princess Eugenie tied the knot with Jack Brooksbank at St. George’s Chapel in Windsor Castle on Oct. 12, 2018. She gave birth to the couple’s first child, August Philip Hawke Brooksbank, in February. Brooksbank worked as an ambassador for Casamigos tequila, but in August, the Daily Mail reported he had taken a job at his father’s business, Pangaea Land And Property Limited.

Her estimated $10 million in wealth is rumored to be held in trust funds set up by her grandmother, Queen Elizabeth II, and her great-grandmother, the Queen Mother, as well as a trust set up by her divorced parents. Eugenie also has her own earnings. She holds degrees in art history and English literature and has worked in London as an associate director at an art gallery.

Queen Consort, Camilla Parker Bowles: $5 Million

Married to Charles since April 2005 — with reportedly no prenuptial agreement — Camilla Parker Bowles is formally known as Camilla, Queen Consort. Parker Bowles is said to be a kind, humble person who carries her own money.

She spends most of her time doing charity work dedicated to a variety of causes, including health and well-being, literacy promotion, helping the less fortunate, Cornwall-based charities, heritage and the arts, animal welfare, sexual assault and cancer.

Check Out: The Richest Royals in the World

Kate Middleton: $10 Million

It’s only a fraction of the British royal family’s net worth, but Kate Middleton’s entrepreneurial family has an estimated fortune of $50 million thanks to their company, Party Pieces. Now the mother of Prince George, Princess Charlotte and Prince Louis, it’s unknown how much — if any — of her net worth comes from the Middleton family, but her grounded nature and enviable fashion sense have turned her into a beloved international superstar.

Find Out: These Are the 12 Richest Princesses in the World

Prince Philip: $30 Million (at Time of Death)

Philip Mountbatten married Princess Elizabeth in November 1947, five years before her coronation as Queen Elizabeth II. Due to long-established rules and regulations set by the monarchy, he never took on the title of king, but royalty was in his blood. Born Prince Philip of Greece and Denmark, his father was Prince Andrew of Greece and his mother was Princess Alice of Battenburg. He adopted the Mountbatten last name in 1947 when he renounced his royal titles and became a British subject.

A fourth cousin of his wife, Prince Philip served in the British Royal Navy from 1939 to 1953. Also an accomplished pilot, he earned his Royal Airforce Wings in 1953 and garnered more than 5,900 flight hours over a 44-year span. He died in April 2019 at age 99.

Prince Harry & Meghan Markle: $60 Million

Now removed from official royal duties, Prince Harry retired from his 10-year British Army career in 2015. Prior to his departure from the service, he was a captain in the Army Air Corps with an approximate annual salary of $45,000.

His royal net worth saw a significant increase following his 30th birthday in September 2014, when he received an estimated $12.3 million inheritance from the estate of his late mother, Princess Diana. Now living in a $14.7 million estate in Montecito, California, Prince Harry has seen his wealth grow to an estimated $60 million, thanks to the lucrative deals he and Markle have signed for their Archewell Productions and Archewell Audio labels for Netflix and Spotify, respectively.

Markle joined the family when she tied the knot with Prince Harry in May 2018. The net worth of the former “Suits” actress came into her marriage with an estimated net worth of $5 million.

More: The Most Surprising Jobs Held by Royals

Prince William: $100 Million

Prince William is the eldest son of King Charles III and the late Princess Diana and first in line to the throne. A large portion of the future king’s net worth comes from a roughly $12.3 million inheritance, received from Diana’s estate on his 30th birthday in 2012.

Upon the death of his grandmother, William inherited Charles’ billion-dollar real estate portfolio. The Duchy of Cornwall generates $20-30 million per year in personal income.

The Duchy of Cornwall was founded in which 1337 by King Edward III and includes more than 130,000 acres of land. There are agricultural areas, residential and commercial properties and unspoiled land, such as rivers and coastline. The Duchy works to manage the estate “in a way that is sustainable, financially viable and of meaningful value to the local community,” according to its website.

Despite his British royal family net worth, Prince William worked as a helicopter pilot for East Anglian Air Ambulance. He donated his entire $62,000 annual salary to charity — the prince now works full time as a royal. He and his wife, Kate Middleton, also carry the titles of Duke and Duchess and Cambridge, and are the parents of three children, including 8-year-old Prince George, who follows his grandfather and father in succession to the throne.

King Charles III: $600 Million

The newly-anointed King Charles III has an estimated net worth of $600 million, inheriting the nearly $28 billion in assets belonging to the Crown Estate plus Buckingham Palace, the Duchy of Lancaster, the Duchy of Cornwall, Kensington Palace and the Crown Estate Scotland after the death of his mother.

Charles previously earned $20-30 million per year in personal income from the Duchy of Cornwall, which has now passed to William.

Queen Elizabeth II: $600 Million (at Time of Death)

Queen Elizabeth II can attribute her personal wealth to her investments in jewelry, art and her two privately owned properties — Sandringham House and Balmoral Castle — Forbes reported.

As monarch, she also held nearly $28 billion in assets belonging to the Crown Estate, as well as Buckingham Palace, the Duchy of Lancaster, the Duchy of Cornwall, Kensington Palace and the Crown Estate Scotland. These assets are not hers to sell, though the royal family does receive 25% of the profits of the Crown Estate income, per Forbes. The rest goes to the British treasury. In the fiscal year ending March 31, 2020, for example. the Crown Estate took in more than $475 million in profits. The approximately $120 million designated for the royals paid official expenses, including travel, payroll, security and such, Forbes said.

Jennifer Taylor and Sean Dennison contributed to the reporting for this article.

More From GOBankingRates

Inflation Relief Checks: When Will You Get Yours?
Get the Top Retirement Tips for Every Stage of Life
Should You Still Buy a Home in Today’s Market?
50 Easy Things You Should Do To Save Money

All net worth figures are according to Celebrity Net Worth unless otherwise noted.

This article originally appeared on GOBankingRates.com: How Rich Are King Charles III and the Rest of the British Royal Family?

Source: Read Full Article