How Much Do British Royal Family Make Annually?

What's annual income for Prince William, Prince Harry, or even for QEII?

Royal Wedding Photo of William & KateNot as much as you think!!

Prince William: $61,388 (Helicopter Pilot of Search and Rescue of Royal Air Force as a flight lieutenant). His salary is around 44,000 British pounds.

Prince Harry: $60,000 (Captain of British Army)

Inheritance for William & Harry: Since age 21, both have access to the investment profit of the $10 Million Princess Diana left them. The investment profit is currently $450,000 per year. At age 30, both have access to the entire $10Million.

* William & Kate will not get a salary for their royal duties; however, they may be reimbursed for any expenses incurred while on ambassadorial duties or appearances.

** For the Royal Wedding of William & Kate on April 29, 2011, the cost is paid by both families of William and Kate. The only expense from the taxpayer is the security, not just for the newlyweds but more importantly for the entire public in general during the wedding of this century.


Prince William, Harry, Charles, and Princess Diana Family Picture PhotoPrince Charles: makes his money from the Duchy of Cornwall, a vast collection of lands and holdings owned by his family. The Duchy’s revenues are currently about $28Million per year. Charles routinely gives away millions in philanthropic and charitable contributions.

QEII: Her net worth was $500 million last year, much of it in classic property, horse racing stud farms, and fine art handed down to her from previous regal generations. From her royal duty as the Queen, she has committed to a 14 percent drop in royal household spending for the next two years, has frozen the $12.9 million a year she receives from the state in return for the regal duties and costs since 1990 (meaning a real money drop of 76 percent due to inflation) and even cancelled last year’s Buckingham Palace staff Christmas party.

Royal Wedding Cake Photography of William & Kate** The biggest allowance the Royal Family can get from the government/taxpaypers is the rental of the palaces they reside. For many ordinary families, houses is a major purchase; for royal family, they don’t have to worry about paying mortgage and instead they can invest their money elsewhere. The biggest contribution of a royal family in a financial perspective is a money-making business. Media, tourism, gift shops, etc can all benefit from its existence, if the royal family has a good reputation worldwide.

Key Facts About Royal Finances

1. There are four sources of funding of The Queen, and those working in support of The Queen as Head of State. These are:
- the Civil List, to meet official expenditure relating to The Queen’s duties as Head of State and Head of the Commonwealth;
- the Grant-in-Aid for the upkeep of Occupied Royal Palaces;
- the Grant-in-Aid for Royal travel, for air and rail journeys associated with official engagements;
- the Privy Purse for The Queen’s public and personal use.

2. Head of State expenditure is the official expenditure relating to The Queen’s duties as Head of the Commonwealth.

3. Head of State expenditure is met from public funds, in exchange for the surrender of revenue from the Crown Estate. This amounted to £211 million in the financial year to 31 March 2008.

4. The Queen does not receive any money from the Crown Estate. The annual revenue surplus from the Crown Estate is received by the Treasury.

5. Head of State expenditure does not include the costs of security, which is the responsibility of the Home Office and the police.

6. Only The Duke of Edinburgh receives funding from the Civil List. This amounts to £359,000 per annum.

7. Parliamentary annuities for The Duke of York (£249,000 per annum); The Earl of Wessex (£141,000 per annum); The Princess Royal (£228,000 per annum); and The Duke and Duchess of Gloucester (£175,000 per annum), The Duke and Duchess of Kent (£236,000 per annum) and Princess Alexandra (£225,000 per annum) are repaid by The Queen from her private funds.

8. These repaid Parliamentary Annuities are spent on office costs.

9. The Queen has always been subject to Value Added Tax and other indirect taxes and rates on a voluntary basis.

10. In 1992, The Queen offered to pay capital gains tax on a voluntary basis.

11. As from 1993, The Queen’s personal income has been taxable as for any taxpayer and the Privy Purse is fully taxable.

12. The inhabitants of the Occupied Royal Palaces and private Royal residences are subject to Council Tax, as set by the relevant local council.

13. Although The Queen’s estate will be subject to Inheritance Tax, bequests from Sovereign to Sovereign are exempt. This is because the Sovereign is unable to generate significant new wealth through earnings or business activities, and to recognise the requirement for the Monarchy to have a degree of financial independence.

14. The Queen does not own the Royal Palaces, works of art from the Royal Collection or the Crown Jewels. These are held by Her Majesty as Sovereign and must be passed to her successor in due course.

15. Every year the Royal Household publishes an Annual Summary of Head of State expenditure, together with a full report on Royal public finances. Both reports are part of the Household’s continuing commitment to the highest standards of disclosure and to making Royal Finances as transparent as possible.

To read more on Financial Stats of British Royal Family,
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26 Responses to How Much Do British Royal Family Make Annually?

  1. Krag on 2014/03/21 at 7:50 pm

    What would the royal family have if this stuff was not all given to them. They would be all living in a flat just like the rest of the drunks. “The family does not own the palace or the royal crown .They have to pass it down”Ok what is the new name of the people she has to pass it down to? It is the same family. They have you Brits so BSed you can not see straight. God forbid some one say something about them you start pissing your pants. Our president is in for four to eight years. These people homesteaded the place and they will not leave and you are good with that.

    • KitKat on 2014/10/27 at 1:02 pm

      Of course you’re completely blind to the fact that if you hadn’t been lucky you could have been born in a developing nation where your parents couldn’t afford to feed you, clothe you, or send you to school and it doesn’t bother you at all that the vast majority of the things we buy are made in sweatshops found in those countries that exploit their workers, many of whom are children. If you look at it that way, you’re the same as the Windsors, but at least they know it.

      • KitKat on 2014/10/27 at 1:03 pm

        *at least the Windsors make huge contributions to charity, so you’re probably worse than they are

  2. ssan on 2013/11/19 at 3:56 am

    It’s a very difficult to judge when you think about royal figures/ political figures. I agree with the idea that they are spending government money on the things that we commoners are not even any where near. But, the idea is they are there to help create peace and stability among citizens. If it wasn’t for their careful work, we don’t know how things would be. It will be like growing up with out parents or caregivers.
    No matter how much we bitch about their spending, they do make decisions that makes a world of difference in our lives. Making a decision for billions of people is not as easy as it seems, it’s a lot of work and thinking in their part. As long as they do their job of keeping everyone safe, I think they deserve to treat themselves with some luxury vacation.

  3. Sofa Cashcarryone on 2013/11/14 at 11:24 am

    where on earth do they get these figures from, the queen has a net worth of $500m you say, thats strange as from offshore windfarms alone she is making £240m this year alone. these people are believed by birthright to have a divine right to rule over us.

  4. redline on 2013/09/12 at 4:55 pm

    Prince Charles, rakes in over £100million profit from one property alone. The figures outlined above are a farce – do your home work.

  5. nattie on 2013/08/28 at 4:17 pm

    They own nothing and get nothing from uk poeple,inherit land frommsomeone elses family,it so funny I blush for them,they look stupid,itnsomeone elses land and money there trying to steal it online at nicolanta twitter read favorites,

    • Joe on 2013/09/12 at 12:55 pm

      Nattie, maybe you’re confused around your own emotions? I can only assume you are embarrassed through your poor use of the English language.

  6. angela on 2013/07/25 at 8:50 am

    I am in America and we hate our gov too. We have a so called royal family living off our hard earned money, living it up and vacationing all over the place!

    • Liderc on 2013/07/26 at 1:59 am

      You’re comparing a royal family which inherits billions in land and homes to the Obamas, who have to spend a couple hundred thousand to go on a family vacation due to security?

      On behalf of the rest of America, we ask that you leave our country, as you’re a moron.

  7. Kris on 2013/07/24 at 8:11 pm

    Come on guys, give da royals a break, why not stop all the gov funding, and pay percentage of uk tourist revenue bac to the palace. I would like to take pics of palace someday too ????

  8. joan on 2013/07/23 at 10:41 pm

    the worse part is they cancelled the staff Christmas party. Scrooge must have been a relative.

  9. Ray on 2013/07/23 at 3:37 pm

    You people are typical bloodsuckers which name you seem to apply to the Royals. Yet, Britian and its people benefit by over $400M annually these people generate from tourist who are interested in seeing them & their “holdings” you don’t mind using them and even worse, you want them to do it for free. What a bunch of bloodsuckers. You are far worse than a Royal could ever be….

  10. taxman on 2013/07/10 at 1:39 am

    Agree with Lois on this. What a huge waste of money these people are.

    • Gary on 2013/07/23 at 1:34 pm

      agreed.

  11. kathleen Donnelly on 2012/06/16 at 4:13 pm

    The British people are already poor, try living on £200 a week… when your utility bills are soaring .. of course the queen pays council tax on Buck Palace, a bizare amount of £1,375 a year… Just the same as me!!! in a semi… clap my hands and wave my flag!
    The ruling class will stay that, unless the majority wake up.

    • Charles Hudzinski on 2012/11/30 at 9:27 am

      Kathleen…I believe that we Americans are well along on the road to a life much like yours, with an “elected” pseudo-Royal family, who spend the public’s money as though it all belongs to them. Like you, I watch sadly for the majority to WAKE UP!

      • Rob M. on 2014/11/28 at 6:23 am

        Our government doesn’t listen to us and god help you if you are in financial hardship. Homeless here we come and I mean the Middle? class? Rob here,

    • Bogus Bill on 2013/01/18 at 3:56 am

      They are real bloodsuckers, off with their heads!!

    • Natalie on 2013/05/12 at 3:03 am

      Without the monarchy citizens would actually be paying more taxes because any money from the crown estate (211 million pounds) is going directly to the government! She makes more money annually on her own, then she actually gets from the government! Also do you even realize how much money she brings into the economy through tourism! Going to England to see the royal family is one of the few reasons why I would even want to go there. (I mean hell it seems like a rainy depressing place)

  12. Joe on 2012/05/14 at 1:01 am

    I realize the royals have to have money, because they can’t exactly go out and get a job at McDonald’s, but though they are world famous and their ancestors raped the public for every dime they could steal, there are plenty of people who could buy and sell them. It would be nice to have a place in history and your pics on castle walls, but I wouldn’t want their lives. They can’t do anything without somebody sticking a camera in their face.

  13. Lizzy on 2012/02/12 at 10:31 am

    Can I just point out a glaring error in your otherwise comprehensive report. Neither the Duchy of Cornwall nor the the Duchy of Lancaster actually belong to the Royal Family. You are confusing the Windsor dynasty with the Monarchy. As the Queen is currently Monarch she is allowed to use the profist from the Duchy of Lancaster but does not actually own it nor can she sell it it is provided for the use of the Monarch (irrespective of the dynasty occupying the throne). Similarly the eldest son of the Monarch (currently Charles) is allowed to use the profits from the Duchy of Cornwall but he does not own the Duchy nor can he sell it. If there is no eldest son then the income reverts to the Treasury and there have been periods in history where this has happened. There is a serious constiutional issue if the Royal Family claims to own these estates when they don’t. HM’s only private estates are Sandringham and Balmoral.

  14. Texas Patriot on 2011/05/01 at 5:21 pm

    Eventually, like Americans, the British
    people will All become extremely poor. A Financially Socialistic Govt cannot & should not be extremely extravagant as this causes the downfall of all society in all countries. We love the Brits but
    are they being kind to the commoners?

  15. Lois on 2011/04/26 at 2:23 pm

    The Queen cutting staff expenditures is probably more felt by her workers than herself. I think it stinks.

    • Tina Edwards on 2012/12/31 at 12:24 am

      Read number 3 and 4 on that list again. This is the Queens own estate from which she gives the profits to the treasury each year and keeps nil for herself. The amount she gives far outweighs the amount she takes!

    • peaches on 2013/04/30 at 8:55 am

      I think it was the comment that to save money the queen cancelled the Buckingham Palace Staff Christmas dinner!!

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