NewsBite

Royal family members’ astonishing wealth revealed after it doubled in a decade

The royal family’s wealth has doubled in just a decade – and while some are literally billionaires, others have more modest fortunes.

‘Cheerful smile’: Buckingham Palace releases the Queen’s final portrait

Prince William is the wealthiest member of the Royal Family with a net worth of around $1.79 billion.

The heir-to-the-throne beats his dad King Charles III, who is worth $1.5 billion, while Prince Harry and Meghan Markle have a combined worth of £20 million.

Princess Anne is worth $85 million, Prince Edward and Sophie, Countess of Wessex are worth $17 million and Prince Andrew is worth $8.5 million.

Meanwhile the monarchy’s wealth as an institution has more than doubled in ten years from $15 billion in March 2012 to $31 billion in March this year.

The figure covers the wealth from land and buildings on the Crown Estate, worth around $28 billion, and the Duchies of Lancaster and Cornwall.

And it is greater than supermarket giant Tesco’s stock market value of almost 2$29 billion, The Sunday Times revealed.

Prince William

Prince William, a newly-minted billionaire. Picture: AFP
Prince William, a newly-minted billionaire. Picture: AFP

The new Prince of Wales became a billionaire when he took control of the 685-year-old Duchy of Cornwall estate from his dad following the Queen’s death.

He was already wealthy after inheriting $17 million from his mum Princess Diana and $12 million from the Queen Mother, who died in 2002.

King Charles

Britain’s new King has tripled his annual profits over the past couple of decades. Picture: AFP
Britain’s new King has tripled his annual profits over the past couple of decades. Picture: AFP

King Charles inherited the 671-year-old Duchy of Lancaster when he became monarch. Its balance sheet showed $1.12 billion this year with profits of $40 million, triple those of 2000.

But other aspects of the King’s finances are less clear and it may never be known what he inherited from his late dad Prince Philip.

It is possible that he will inherit both the Sandringham Estate in Norfolk and Balmoral Castle.

Prince Harry and Meghan Markle

Prince Harry (left) signed big deals with Netflix and Spotify after leaving the royal family. Picture: LOIC VENANCE / AFP
Prince Harry (left) signed big deals with Netflix and Spotify after leaving the royal family. Picture: LOIC VENANCE / AFP

Most of Harry and Meghan’s wealth comes from the Duke of Sussex’s inheritance from his mum.

It had grown to $17 million by his 25th birthday.

The couple has also made commercial income from a rumoured $30 million deal with Spotify, as well as a deal with Netflix.

And local estate agents reckon the nine-bed home they bought two years ago in California, US, for $19 million may have already doubled.

Prince Andrew

L-R: Sophie, Countess of Wessex, Prince Edward, Earl of Wessex and Prince Andrew. Picture: AFP
L-R: Sophie, Countess of Wessex, Prince Edward, Earl of Wessex and Prince Andrew. Picture: AFP

Very little is known about Prince Andrew’s finances. He has an annual pension of $34,000 from the Royal Navy and he received around $425,000-a-year to run his office when he was a working member of the family.

He has also most likely inherited family money over the years, but there is little evidence that he owns valuable assets.

It was suggested this year that a settlement between him and Virginia Giuffre over a civil sexual assault case was agreed between $12-$20 million but it is unknown how it will be paid.

Princess Anne

Princess Anne (right) has one of the royal family’s more modest personal fortunes. Picture: AFP
Princess Anne (right) has one of the royal family’s more modest personal fortunes. Picture: AFP

Princess Anne owns Gatcombe Park, a Grade-II listed building on 700 acres in Gloucestershire.

The Queen brought it for her in 1976 for around $1.27 million, which is around $6.8 million today.

The Princess Royal is also thought to own an extensive jewellery collection.

Prince Edward and Sophie Wessex

The Earl and Countess of Wessex live at Bagshot Park in Surrey with their children.

Prince Edward is believed to have inherited millions from his grandmother and late dad.

This story originally appeared on The Sun and is republished here with permission.

Read related topics:Queen Elizabeth II

Original URL: https://www.news.com.au/entertainment/celebrity-life/royals/royal-family-members-astonishing-wealth-revealed-after-it-doubled-in-a-decade/news-story/92812850aba02b8932ab4642a9d87924