How the British royal family makes money

There’s no question that the British royal
family is wealthy. Look at their homes, 
their transportation Their weddings. Their jet-setting — They live the lifestyles of the richest people
on earth. So, when Prince Harry and Meghan Markle announced
they wanted a new financial relationship with the monarchy…
…it opened up questions about how the British family really makes their money, and what
exactly are Harry and Meghan leaving behind? It turns out, the search for those answers
starts with some of the most iconic royal real estate. This map shows some of the real estate in
the UK that is associated with the royal family. This is Balmoral castle in Scotland—where
the Queen spends her summers. This is the Savoy chapel, nestled between
buildings in central London. And this is Windsor castle, just outside of
London, where the Queen often hosts foreign leaders. 
Each one of these three properties represents a different way the royal family makes their
fortune. The first is one of two that falls in the
Queen’s private wealth – which means if she were to leave the throne, it would still
be hers. These can be traced back to the 1800s when
Queen Victoria bought them and they’ve been passed down through generations. 
The other set of properties that contribute to their private wealth are the Duchies…  
Am I saying that right? Duchies? Duchies that’s right. 
There is something called the Duchy of Lancaster. This is an old estate, ancestral estate dating
back to the 14th century. It’s now a portfolio of property and it provides a private income
for the queen. That portfolio includes historic sites and
land throughout the UK – which is a lot. But the most profitable property are these
blocks of commercial real estate in central London, which includes Savoy Chapel. 
There’s also the Duchy of Cornwall, 130,000 acres of property that includes castles, holiday
cottages and a cricket stadium in London. Over the past 60 years, the Duchies have become
increasingly profitable. In 2019 they each made just over 20 million pounds for the royal
family. The income from the Duchy of Cornwall goes
to the heir to the throne, Prince Charles. — About 5 million pounds of that went to his
sons, William and Harry, in 2019. And the income from the Duchy of Lancaster
goes to the Queen. But there’s a catch. 
“She only gets that because… she’s queen. It goes with the job. If she abdicated tomorrow,
she wouldn’t get 30 million dollars a year. It goes with the Crown, as it were. And because it goes with the crown, it’s not
really, totally a private estate The best guess of the net worth of the Queen,
the richest royal family member, is about $370 million pounds. 
That’s obviously rich, but it puts her nowhere near the richest people in the world. The illusion of the royal family’s wealth
is greater than their actual wealth because of the third way they make money:
These properties are part of what’s called the “Crown Estate.” 
The Crown Estate includes iconic landmarks, like Windsor Castle, Buckingham palace and
the Tower of London. It also includes commercial real estate in London. And lots of land, including
the seabed around the UK. This group is worth billions of pounds – but
– it doesn’t actually figure into the Queen’s wealth. And the reason behind that can be traced back
to a time the royals really needed money. “In the 18th century, you had a long list of
German kings, the Georges. Georges I, II to IV. And they wasted a lot of money, and they were terrible with money. And they got into lots of trouble with the government, 
and in the end, one of the Georges, George III said, ‘I’m broke. I’ll give you all
my crown lands.’ These were the personal lands owned by the King. ‘And in return you give me a set amount of money.'”
So they gave up ownership of all these lands in exchange for taxpayer money that would
pay for the royal family’s lifestyle. This part of their income today is called the sovereign
grant. Between 2018 and 2019, that amounted to about
80 million pounds. We don’t know exactly how much of the sovereign
grant went to Harry and Meghan, but it accounts for 5% of the couple’s income as part of
their royal titles, the other 95% comes from the Duchy of Cornwall. 
The sovereign grant funding doesn’t go into the royal family’s pockets, it’s supposed
to “enable Her Majesty to carry out her official duties,” like to travel, to pay
her staff and to “maintain the royal residencies.” Even so, taxpayer support for the monarchy
has long been controversial. And that became evident when Windsor Castle caught fire in
1992. “Smoke continued to roll from gaping holes
in the roof” “15 hours and 1.5 million gallons of water later, as the royal treasures
littered the lawn like an upmarket garage sale, it was learned there was no fire insurance.” Radio host: “Should you, will you, pay for the repair of Windsor Castle. Patricia in Notting Hill, Hello.” “Hello.” “Hello, what do you think?” “No, absolutely not.” “I don’t see why, us as the taxpayers, should pay for the Windsor Castle fire, when it’s actually her house.” That debate continues today—every time the
sovereign grant report comes out. “The report shows just how much money is
used to support the Queen…” “The new home of Harry and Meghan, the Duke and Duchess of
Sussex, cost the public nearly $2.5 million pounds to refurbish, that’s more than $3 million.” But the argument in favor of public funding usually centers on how much people have always
loved the royal family–and are willing to pay for it. 
The monarchy attracts millions of tourists every year. Their baby announcements and their
weddings and even their scandals are broadcast around the world. 
Now, the royal family is all about image. They don’t actually have that much formal
power. What they do have is a brand… they’ve been
called one of the most valuable brands in Britain.
But a big part of maintaining that brand is to not exploit it. 
… if are a working royal, you’re not really allowed to have a private source of income.
You’re not allowed to cash in. That means not working outside of their official
royal duties, like diplomacy and charity work. And that these real estate portfolios are
the primary way they make money. This is the financial model that Prince Harry
and Meghan Markle are leaving behind. In their announcement in early 2020, they
said they’d give all this up in favor of being “financially independent.” 
What they’d be taking with them is their private wealth, which is a lot. Meghan was a successful actress
on the TV series Suits, and Harry inherited millions from his mother, Princess Diana.
They could also keep earning income from the Duchy of Cornwall. 
What they would be giving up is this part of their income. 
And also breaking free from the limitations of taxpayer funding. But with that independence comes the fear
that they’ll be committing the ultimate royal taboo: capitalizing off the monarchy. 
“They could be viewed as using the monarchy to boost their brand.” 
“They’re already in talks with Disney, they are talking to Oprah. “The very future of the monarchy could be
at stake here. Especially if the brand that Meghan and Harry have created
@SussexRoyal eventually eclipses the brand of the British royals.
But in one important respect, it’s rather healthy because what it has done, it has raised to the surface
a number of issues, not just to do with Harry, but to do with the whole royal family that
haven’t been properly addressed. For instance… How does a royal make a living? 
And maybe it needs to loosen up a bit to be a bit more flexible

100 comments on “How the British royal family makes money”

  1. Michael Peres says:

    I don't think the saying "Live like a king" will hold suit for any longer…

  2. Bernie 2024 says:

    Take it all away. Eminent Domain

  3. The First Pharoah TV outreach program says:

    Steal gold from Africa.

  4. soulXXXtaker says:

    * laughs in looted Commonwealth *

  5. Buchanan Games says:

    0:19 that £20 is now outdated; a week later

  6. Buchanan Games says:

    i’ve enjoyed Markle’s work in the past, but i think it’s appalling how she’s effected our monarchy

  7. Arnold Hernandez says:

    They also own The United States Corporation, The US Corp, THE CROWN, so they have the world cornered technically.

  8. Harry PAnnU ! says:

    I'm a broke king 👑

  9. May F says:

    I don't understand how monarchies are still a thing in this century, the royal family may not have as much money as the richest people on the world but they sure didn't have to work for it.

  10. Seoin W says:

    Who else is waiting for vox to do a video on coronavirus

  11. Dan Taylor says:

    Your map the beginning is incorrect, there are two royal properties. You missed the palace of Hollywood house in Edinburgh.

  12. Rounak Raha says:

    British Royal Family Has Stolen And Still Kept The "Kohinoor" Diamond,From India, Which Is The Most Precious Diamond In The World Little Part Of Which Is Attached In The Crown Of British Queen And The Remaining And The Biggest Parts In An Undisclosed Place Of Buckingham Palace With Z- Security



  13. Rounak Raha says:


  14. Cillian • says:

    0:35 yes ireland is definitely in the uk

  15. Shona Palmer says:

    Megain Markle makes money by posing naked for pictures and calling out staged paparazzi to start a drama 🤷🏻‍♀️

  16. Dormant says:

    Abolish the monarchy.

  17. hamish holroyd says:

    Bal-moral castle 😭😂😂

  18. Sahib Sharma says:

    They dont.

  19. amanita333 says:


  20. fecs fecs says:

    scottish royal seat?? palace of holyroodhouse?????!!!!!

  21. delmas samba says:

    What the money they are making from "ex" colony countries!!

  22. 420taekook says:

    How the royal family make money- through taxes

  23. 420taekook says:

    I don’t quite understand why people have this obsession with the royal family. Us as brits are not that obsessed with them.

    The royal family are more of an image of England and what the country chooses to provide itself a looking like.

    Megan and Harry have gained a lot of respect for wanting to somewhat ‘escape’ the monarchy because they’ve chosen to address the underlying issues of them not living financially independent but instead off of public taxes.

    The anger is mostly towards Charles and Elizabeth as well as William and Kate due to their way of wanting to live is seemingly outdated within Britain no matter how much they choose to ignore it.

  24. ThyLoverly Vlogs says:

    wow i thought it was just frm the tax… thats more than i thought

  25. Tadhg says:

    If people could stop putting Ireland in a map of the uk that would be great,

    sincerely the Republic of Ireland

  26. Sabo Tabby says:

    "The very future of the monarchy could be at stake here" Good. Would want nothing more than to stop wasting millions of pounds of tax payer money funding these layabouts whose only real accomplishment was happening to have been shat out by the right person. Nothing inherent to these people makes them worthy of their disgusting opulence.

  27. Sean O'Gary says:

    Abolish this ridiculous tradition.

  28. Chuck Nourrizzz says:

    One of the luckiest life :
    1. Born to royal family
    2. Born to super rich family
    3. Born to rich family

  29. matt carnes says:

    So they arent poor by any means but they arent the billionare rich i would think they are interesting

  30. Griselda Pereira says:

    I do not understand why people love the royal family, they basically pay them for existing

  31. Arabique 011 says:

    They are all social parasites!

  32. Daniel Goodman says:

    Diana was never a princess

  33. Christian Cahill says:

    0:07 funny hat

  34. George says:

    Come the Revolution…!!

  35. Simon Münger says:

    2:53 it just changed from 380milion to 480 miliok why??😂

  36. El Guapo says:

    Colonization….is that the answer? Colonization?

  37. Muntazir nigga says:

    They're basically useless but still get that much money just for existing..they don't even rule or work

  38. William Chan says:

    Vox: Why China and Russia is authoritarian and evil

    Vox on the most feudal and imperialist system in the world: let's talk about how their successful lifestyle and how much they make!

  39. shodanxx says:

    By stealing it, got it !

  40. Batman Critic says:

    Who cares, Prince Andrew was literally involved in the Epstine scandal

  41. Jai Murone says:

    Why are you guys paying for someone else to live better that you

    When that money could of gone to

    1. People in need
    2. Better infrastructure
    3. Charity
    4. For your self

  42. Swati Singh says:

    What about the private wealth they looted from the colonies , the gold and diamond. As if that wasnt enough for them , so they loot there own people now, who have to pay for their security and other expenses

  43. SkyWolf41 says:

    They didn’t give up ownership of the lands in the crown estate, just their revenues. This is poor investigative work and I expected better.

  44. Soumyadip Sarkar says:

    I don't get people's obsession over the 'Royal' family. They are parasites that's all.

  45. Edward Chyrek says:

    You failed to mention the Billions of dollars made by the Church of England, internationally known as the Anglican Church.

  46. Lance Manuel says:

    Hi, correct me if I am wrong here but from what I have learned in history, King George III only gave up the income from a set of lands but he did not gave up the ownership of those lands.

  47. Bob Ross says:

    Us English citizens pay for their lavish lifestyle via TAX

  48. Ali The Artist says:

    African diamonds and war weapons.

  49. James M says:

    How is the Royal family rich? By killing everyone who didn't agree with their demands in the Medieval Ages.

  50. Rad JL says:

    If you want to sleep just play this video

  51. Abhishek Patel says:

    Credit Goes to INDIA…. JAI HIND…

  52. Den End Studios says:

    "Limitations of Taxpayer Funding"…….I presume that was a Joke?

  53. Johnny Daniels says:

    We don't need a 7:53 minute video to tell us how they make their money….leaching of the tax payers and taxes from stolen land centuries ago. There, done within 30 seconds.

  54. AlicePlays says:

    Something about a monarchy existing in what is supposed to be a democratic society doesn’t sit right with me,,,,

  55. Golden Nugget says:

    What are you even doing? Calling them out for what, being royals?

  56. Dr Jan Itor says:

    The Protestant Reformation. They stole much of the land and assets from the Catholic church.

  57. TheVJProduction says:

    So the royals are getting millions of dollars worth of EBT and food stamps that they can use to do whatever they want. Sounds legit.

  58. richardpkable says:


  59. Sandy Telfer says:

    The Queen on the money tho

  60. Cookie 7 says:

    Megan can be a Super Hero role in DC.cross with the Cinderella and suprised hero with the cape .movie writters start the camera rolling this can be huge, to many bad news in the world at atleast keep enjoying movie for relaxation to forget badthings happening in the world.😃

  61. Jordan Flynn says:

    The quality of these videos is great 👌🏽

  62. Ritik Rajput says:

    How do they make money?
    Ans.: By Looting!

  63. Sam Dupont says:

    The glaring omission here is that the British government doesn’t own the crown lands, they lease them from the royal family, and if the monarchy was ended tomorrow, they would get those lands back and be even richer than they already are. The royals make money for the government and decrease the tax burden on the British people.

  64. Luis C says:

    The Brits need a Bernie Sanders!! ❤️💙

  65. Olgabr07 says:

    It makes me sick how much people love the british royal family or just they don't do anything to stop funding them.

  66. Truth Before Opinions says:

    British? You mean English!…last time I checked, they still get off on all that Saxon nonsense. Who were germanic…The Welsh are the British people. And the British royal family ended with Owain Glyndwr.

  67. Lucia Ralepobe says:

    Hai fotsek maan

  68. Mr M says:

    370? She had 500 million pounds hiding in Malta, this is so wrong.

  69. rudebwayful says:

    Ridiculous ! Yours, a Black German

  70. Linda Harper says:

    So why can't they fund protection for Prince Harry, Meghan Markle, and Archie?

  71. Linda Harper says:

    No flights!! Climate Change!!!

  72. katsia shalmanava says:

    I really like it: "It's healthy because it's brought to the surface". One more thing: is there a proper reaction? If there's none, the society is probably dead or in comma

  73. JH B says:

    Kings don’t ‘make’ money.

  74. Nostalgic memories says:

    i still dont get how in modern world monarchy in some form still exists…..

  75. SSS says:

    Good, let Britain become a Republic finally!

  76. Searchingforcrosser says:

    Me: My country's government and its officials are corrupt.

    Watches this clip

    Me: Hey, the government officials here can be worse. At least they are not THIS corrupt.

  77. savage unicorn rant show says:

    They looted India one of the richest country for its time for about 200 years so yeah 💁

  78. Its_Classy says:

    people treating the royal family like they haven't been the centre of british prestige, massive attraction of tourism and the key part through history of what made britain such a dominant country on the world stage

  79. The Randomist says:

    How they make money : TAXES

  80. 5-way Music says:

    Harry – I want to be financially independent also Harry takes millions from the royal family

  81. Viviane Oliveira says:

    I’m about to press play but can already guess it is not by working

  82. S Roy says:

    Theif of Milloneum award goes to British royal family.

  83. Saad Selkent says:

    00:18 we changed our £20 note the day after this video released.

  84. Max T says:

    France, Germany, and South Korea are all republics. People still visit their palaces. Tourists come to visit HISTORICAL SITES; they gives zero f*cks on whether there is an actual royal family inside. Because it's not like the royal family shakes hands with everyone who visits the palace. Brunei is a monarchy but gets little tourism. When tourists do visit, it's for the beaches. Too many people believe in the "monarchies=tourism" fallacy, a lie that the royals have fed us to stay in power. We see a lot of republics in the world with lots of tourism and monarchies in the world that don't get any.

  85. May the Science be with You says:

    Sorry, but it is disingenous to not count the crown estate. It's basically theirs. It's like rich people acting poor, because their bank account isn't that high and all their money is invested in real estate.

  86. May the Science be with You says:

    Paris attracts more tourists than London. We all know it's because of the French King and Queen.

  87. sanjay pottayil says:

    They already looted enough money from the other countries.

  88. Aayush gupta says:

    They are bringing down royalty

  89. Fuck Off says:

    Life would be better if the royal family was killed off, more money for tax payers!

  90. Sunil Pashu Rai says:

    ok.. then when the UBI comes into play.. and if somehow people can be paid a decent amount to live life and support the economy and what not without actually working, then not many people will start loosing there minds u say?
    that life can be lived without actually "working"?

  91. nomadwst says:

    Royal families and monarchies are such a SCAM for the 21st century.

  92. Misha Zubarev says:

    The grant is only 5%. They’re giving up close to nothing(for them) to be independent. Seems like a bargain to me

  93. Kyudo Kun says:

    This is why people power revolution often happens, people hate lazy evil monarchs. Rich people getting richer, poor people getting poorer.

  94. Juan Castro says:


  95. Mr. Nonsense says:

    How does the British royal family make money?

    They don’t, the citizens do…

  96. nischal chandra says:

    By stealing from other countries

  97. Lazy cats says:

    Wait I though the profits from the lands of crown estates are handed over and not the ownership of those lands.

  98. Elijah's Bakery says:

    I like how you used harry and megan for the thumbnail

  99. Vault says:

    I disagree that the royal family bring in tourists. Look at France or any other country that used to have a royal family. It just doesn't add up

  100. Rtvcd says:

    Didn't George III just give up the profits on the crown estate tho? Making them still theirs, making your taxes actually go up if you didn't pay a grant for it

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